Venture Beat | April 27 2020 [Reuters] Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines, including social distancing and mask-wearing. Several companies told Reuters the software will be crucial to staying open as concerns about COVID-19, the
Ford Motor Co said on Tuesday its second-quarter loss will more than double to $5 billion from $2 billion in the first quarter due to the impact of the coronavirus pandemic, but said despite the ongoing crisis it has enough money to last for the remainder of 2020.
Alphabet Inc on Tuesday beat analysts' estimate for quarterly revenue as its Google unit posted double-digit advertising growth despite the economic slowdown from the novel coronavirus.
U.S. crude prices settled about 3% lower on Tuesday after data showing domestic stockpiles didn't rise as high as had been expected given tightening storage, despite pledges to cut production from May 1.
As low crude oil prices leave U.S. producers struggling to eke out profits, investors will focus on production hedges and cost-cuts to determine winners from losers as first quarter earnings roll out in coming days.
Uber Technologies Inc's Chief Technology Officer Thuan Pham has resigned, effective May 16, the ride-hailing company said in a regulatory filing https://bit.ly/2SiLDZB on Tuesday.
Starbucks Corp said on Tuesday it sees sales in China, the company's biggest growth market, recovering by the end of September, following a massive drop in same-store sales in the current quarter on fallout from the coronavirus pandemic, which forced Starbucks to close stores around the globe.
Ford Motor Co said on Tuesday its second-quarter loss would more than double to over $5 billion from $2 billion in the first quarter due to the impact of the coronavirus pandemic, but added it had enough money despite the crisis to last the rest of 2020.
Samsung Electronics Co Ltd said on Wednesday it expected its profit to decline in the current quarter, as strength in the chip business would be offset by a sales slump in smartphones and TVs.
Asian equities made cautious gains in early trade on Wednesday following mixed U.S. corporate earnings while oil prices looked set for more wild swings as storage concerns capped optimism about easing coronavirus lockdowns.
Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid.
Asian shares were cautiously higher on Wednesday as investors paused ahead of the U.S. Federal Reserve's policy decision while oil prices jumped on hopes demand will pick up as many countries lift some of the coronavirus-related restrictions.
"That's not saying anything bad about Google or the large cap growth stocks ... but they just don't have the upside potential that some of these other laggard areas do," Morgan Stanley's Mike Wilson said.
Board of Innovation | By Nick De Mey Double down on trust - Built a new value proposition - Pivot to growth areas In these unprecedented times, it’s important to put the needs of your customers first. Open up and be transparent Only then will you be able to find success for your brand and
EU Startups | Bojana Trajkovska | March 30, 2020 Whether you’re officially quarantined or simply self-isolating, there is plenty of free time which can be put to a good use. Luckily, there’s an abundance of documentaries to stream on Netflix. As an entrepreneur, no matter how much you think you know, there is always more out