1 September 2020

1) In its quest to deliver packages to customers, Amazon has received FAA (Federal Aviation Administration) approval for its Amazon’s Prime Air, an aerial package delivery system using drones. This allows Amazon to operate unmanned aerial drones in the US on a trial basis. This means the aerial robots can deliver packages outside the operator’s visual line of sight. Amazon announced it’s aerial drone plans in 2013, but hardware and safety issues have been major challenges for the company, with the first successful drone delivery in 2016. The robot aircraft are helicopter like machines that can hover and fly forward powered by electricity with a range of 15 miles. They can deliver packages weighing under five pounds in 30 minutes or less.

2) United Airlines is abandoning its domestic flight change fees forever, so if you have to change your plans and need to change your flights, it no longer will cost you. Previously, a change fee cost the consumer $200 for all economy and premium cabin tickets within the U.S. Furthermore, there’s no limit on how many times you can adjust your flight for free. Additionally, customers can get same day standby for free, which had cost $75, starting on January 2021.

3) As trade relations with China worsen, large companies are pulling out of Red China. These are big name companies known to virtually everyone such as Hasbro, Nike, Apple, Google/Alphabet, Dell, HP, Samsung, LG Electronics, Stanley Black & Decker, Zoom, Intel, Old Navy/Gap, Sharp, Adidas, Puma, Kia Motors, Sony, Nintendo and Hyundia Motors as well as lesser know companies. Reasons cited are the disrupted supply chains, the ongoing US-China trade war with little resolution in the near future, tariffs on Chinese exports so companies are moving to other Asian countries to export from there under a different country name. Also fears of inadvertently using slave labor (political reeducation inmates) leaving a company embroiled in political controversy domestically, with adverse effects on their sales.

4) Stock market closings for – 31 AUG 20:

Dow 28,430.05 down 223.82
Nasdaq 11,775.46 up 79.82
S&P 500 3,500.31 down 7.70

10 Year Yield: down at 0.69%

Oil: down at $42.82

3 March 2020

1) Consumer electronics giant Samsung has started building a $220 million dollar research and development center in Hanoi, Vietnam. The center is to be completed by the end of 2022 and will employ between 2,200 to 3,000 people, and will be the largest of its kind in Southeast Asia. It will do research on subjects like artificial intelligence, internet technology, big data and 5G. Samsung is the single largest foreign investor in Vietnam, with investments totaling $17 billion dollars.

2) Huawei technologies, the controversial 5G supplier, is circumventing the barring of doing business with U.S. suppliers of critically needed electronic chips, by turning to manufacturing their own versions. The strategy appears to be working with Huawie selling more than 50,000 next generation base stations free of U.S. technology in their last quarter. The company is quickly ramping up its HiSilicon division to make more America component free devices, amide accusations that Huawei is stealing the intellectual property in making their own chips.

3) History shows that stocks often rebound quickly from a disease outbreak. Within six months, stocks are usually on the mend from drops caused by disease outbreaks. After the disastrous drops of last week, the markets started surging upward again, giving validity to this hypophysis- ‘Invest with a plan, instead of trying to predict trends.’

4) Stock market closings for – 2 MAR 20: Single greatest-gain in one day ever.

Dow 26,703.32 up 1293.96
Nasdaq 8,952.16 up 384.80
S&P 500 3,090.23 up 136.01

10 Year Yield: down at 1.09%

Oil: up at $47.52

8 April 2019

1) The European Union has offered to extended the exit date in an effort to avoid a unplanned crash-out. Prime Minister May asked for an extension to 30 June, but the EU countered with a offer for a one year extension, which could be terminated early if an exit plan is agreed upon before the one year is up.

2) Samsung has forecast the lowest quarter profits in more than two years. The first quarter outlook looks ugly with a 15% decline from last years first quarter. The poor performance is a result of poor semiconductor sales coupled with a slowing growth in the smart phone market.

3) New jobs in March is six times that of February. The US added 196,000 new jobs, many claiming this indicates solid growth in the economy, and therefore the economy is doing just fine. But some worry about the unemployment rate holding steady, because an upturn in the unemployment rate usually signals a recession in the near future.

4) 5 APR 10 Stock market closings:

 Dow           26,424.99     up    40.36
Nasdaq        7,938.69     up    46.91
S&P 500       2,892.74     up     13.35

10 Year Yield:     down   at    2.50%

Oil:    up   at    $63.26

Samsung Note 7 Banned on UAE Flights……………….

samsung-7-note-ban

By: Economic & Finance Report

UAE Airlines has banned the Samsung Note 7 usage; as well as the charging of the phone on their airlines. The ban was issued by risk management of UAE airlines because the Samsung Note 7 has battery defects; in which the phone burns and explodes.

Other countries such as US, China, India, Europe, Singapore have all held special adversaries, either banning or discontinuation of using the Note 7 on commercial and domestic flights.

Because of the controversy surrounding the warnings of the Note 7, Samsung has issued a voluntary exchange program, in which customers can exchange their Note 7 phones, because of the faulty battery issue the phone seems to have. -SB

POTENTIAL BUYOUT DEAL…. SAMSUNG TALKS TO BLACKBERRY… MAJOR MOVES….

blackberry vs Samsung

BY: ECONOMIC & FINANCE REPORT

Potential gossip talks, suggest that Samsung is eyeing Blackberry for 7-8 billion dollar buyout. Executives from both sides met last week about this latest mobile technology acquisition.

Executives from Blackberry believe though for the deal to actually go through the # over $7 billion has to be initiated… Blackberry believes the company’s value is way more then the $7 billion dollars offered by any company, and they have turned down many deals within that price range as well.

The deal could come under scrutiny from investors, shareholders, and US regulators alike… Blackberry investors and shareholders deem the deal to be unreasonably too low an offer as indicated, and regulators would deem the deal doomed because Samsung does not have majority control as far as price shares in the company. So there are philosophical differences on all sides.

Though, we do not know all details of such a merger between both companies, and if it would even pan out, Samsung and Blackberry have engaged in a security pact between each other, which originated this past November. The security partnership aligns Blackberry’s security platform with Samsung’s security software…

-SB