Year: 2020

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Amazon’s Top Robotics Engineer Joins AI Startup Scale

August 31, 2020 admin Comments Off on Amazon’s Top Robotics Engineer Joins AI Startup Scale

(Bloomberg) — Amazon.com Inc.’s top robotics engineer, who recently defended the company’s warehouse working conditions, left to join the artificial intelligence startup Scale AI Inc.Brad Porter will serve as chief technology officer, Scale plans to announce Monday. Scale makes software to help people train autonomous driving technology and other computer vision systems. The business was valued at more than $1 billion last year, when Scale’s then-22-year-old co-founder raised venture capital.Porter said he was persuaded to leave his position because he was excited about Scale’s technology and the opportunity to work in a startup environment. Earlier in his career, Porter worked …read more […]

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No reset, no bottom for GE yet: J.P. Morgan

August 31, 2020 admin Comments Off on No reset, no bottom for GE yet: J.P. Morgan

The bank’s Stephen Tusa, among the bearish group of analysts on GE who have predicted its fall from grace over the last three years, said he was withdrawing his price guidance on the company completely due to doubts over how much it was now worth. GE shares fell about 1% to $6.54 in premarket trade, adding to a steep decline that has seen the company lose more than 40% of its market value this year. Tusa said the company’s inability to forecast positive cashflow for the second half of 2020 suggested management is unclear about its financial outlook …read more […]

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Indian Stocks Slide Most Since May After Troops Clash With China

August 31, 2020 admin Comments Off on Indian Stocks Slide Most Since May After Troops Clash With China

(Bloomberg) — Indian stocks slipped, halting a six-day rally, after the government said troops clashed with Chinese soldiers along the disputed Himalayan border. Still, the main equity gauge capped a third straight monthly gain.Volatility surged as the S&P BSE Sensex slid 2.1%, the most since May 18, to close at 38,628.29 after having advanced 1.4% earlier in the day. The NSE Nifty 50 Index ended 2.2% lower. Sentiment was also impacted due to a decision by India’s market regulator to not extend the Sept. 1 deadline for implementing new rules on margin pledge. Brokers who don’t comply with them from …read more […]

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Rural Families Struggle With Work and School With No Home Internet

August 31, 2020 admin Comments Off on Rural Families Struggle With Work and School With No Home Internet

As many schools around the country start the year virtually, residents in rural communities like those in West Virginia are asking why they don’t have reliable Internet service. The recent bankruptcy of Frontier Communications provides insight into how U.S. broadband policies have fallen short for many Americans. Photo Illustration: Carlos Waters/ Video: Jake Nicol/​WSJ …read more […]

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Oil Climbs Above $43 in New York as Goldman Strikes Bullish Tone

August 31, 2020 admin Comments Off on Oil Climbs Above $43 in New York as Goldman Strikes Bullish Tone

(Bloomberg) — Oil rose above $43 a barrel in New York to its highest closing level since early March amid a broader rally in equities and as China’s economic recovery continued.West Texas Intermediate futures snapped a two-day drop, rising 1.4% as of 2:34 p.m. in Dubai, while Brent crude for November settlement climbed around the same amount to $46.47.Data showed that China rebounded further in August as the world’s second-largest economy emerges from its coronavirus-induced slump. That helped push up global stocks for a second day, while U.S. Treasuries fell as investors moved out of havens.Goldman Sachs Group Inc. in …read more […]