Connect with us

CNBC

U.S. stock futures are mixed after Dow snaps a 4-day winning streak

Avatar

Published

on

Stock futures were mixed in early trading on Friday after another sell-off on Wall Street led by major technology names.

Futures on the Dow Jones Industrial Average pointed to a nearly breakeven opening. S&P 500 futures were also little changed, while Nasdaq 100 futures traded higher.

During Thursday’s regular trading session, the S&P 500 declined 0.8% for its biggest drop in a week. The Dow dipped 130 points, snapping a four-day winning streak. The tech-heavy Nasdaq Composite fell 1.3% and briefly dipped back into correction territory, down 10% from its record high. 

“Tech inflicted a lot of the damage as that group extends the sell-off that commenced back on Sept.3,” Vital Knowledge founder Adam Crisafulli said in a note on Thursday. “The summer excess is still being wrung out of tech and the process has a bit more to run.”

Some of the biggest technology stocks have suffered double-digit losses so far this month as investors rotated out of high-flying market leaders. Amazon, Microsoft, Facebook and Apple have all lost at least 10% this month.

Investors also remained on edge about the outlook on further coronavirus stimulus as well as the timing of a viable vaccine. 

Republicans and Democrats are still struggling to agree on how much aid to continue to provide in a follow-up bill to the previous $2 trillion package. President Donald Trump said Wednesday he liked “the larger numbers,” urging GOP lawmakers to go for a bigger coronavirus stimulus, but his comments left Republicans skeptical.

Meanwhile, the path to a Covid-19 vaccine, which is critical to the economic recovery, still seems unclear. Health officials said vaccinations would be in limited quantities this year and not widely distributed for six to nine months.

“A safe and transparent vaccination process is critical to encouraging widespread inoculations once effective vaccines are identified and tested.” Mark Haefele, UBS Global Wealth Management’s chief investment officer, said in a note. “In our central scenario, we expect widespread vaccine availability by 2Q21.”

On Thursday, the Federal Reserve, which just began a second round of Wall Street stress tests, said it’s weighing whether to continue capping U.S. banks’ dividend payments and share buybacks.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Source: https://www.cnbc.com/2020/09/17/stock-futures-are-flat-in-overnight-trading-after-dow-snaps-a-4-day-win-streak.html

CNBC

Google Assistant’s driving mode for Android is nearly ready, one year later

Avatar

Published

on

Sponsored Links

Google Assistant driving mode on Android
Google

Google promised an Assistant driving mode for phones would arrive in mid-2019, but that clearly didn’t happen — over a year passed without any sign of it. It appears to be ready, though. XDA-Developers has discovered (via Android Police) that Google Assistant’s driving mode is at least partially enabled for Android users. The interface has changed considerably from the I/O 2019 demo you see above, but the concept remains the same with large buttons and text that let you chat, message and play music while keeping your driving distractions to a minimum.

The rollout appears to be server-side, and might be part of a test. It’s not attached to any particular versions of Google’s Maps or search apps, and also works on a variety of devices. Your access might depend on your account.

We’ve asked Google for comment.

It’s rare for Google to have Android feature delays this long, and it’s not certain what prompted the extended wait. However, the redesign suggests that Google wasn’t completely satisfied with the Assistant driving mode it showed at I/O. Whatever the reasoning, this gives you one more way to handle common tasks during your trips.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

Comment
Comments

Share
129 Shares

Share

Tweet

Share

Source: https://www.engadget.com/google-assistant-driving-mode-215249421.html

Continue Reading

CNBC

Cloud leak exposed sensitive data from over 200,000 voicemails

Avatar

Published

on

Sponsored Links

Close-up of two IT technician talking and looking at their digital tablets while examining servers.
vm via Getty Images

Some data leaks contain more sensitive info than most. Security researcher Bob Diachenko and Comparitech discovered (via Threatpost) that Broadvoice, a cloud VoIP provider for businesses, left over 350 million records exposed online in an unprotected cluster, including 2 million voicemail records with 200,000 transcripts. Many of those transcripts included sensitive data, and not just common elements like names and phone numbers — medical conditions, mortgages and insurance policies were all left open.

The largest general data collection, 275 million records, typically included full names, phone numbers, and cities.

The company told Comparitech that the data had been stored on September 28th and was locked down October 2nd, a day after Diachenko notified Broadvoice. There hasn’t been evidence of “misuse” so far, the company said. Marketing VP Rebecca Rosen told Threatpost that it believed “less than 10,000” businesses were impacted, although that doesn’t say how many of those companies’ customers were at risk.

The practical damage appears to have been limited as a result. Even so, this illustrates the dangers of insecure data. The wrong decision can expose vast amounts of info, and it can only take a subset of that data to create serious problems.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

Comment
Comments

Share
111 Shares

Share

Tweet

Share

Source: https://www.engadget.com/broadvoice-voicemail-data-leak-211913573.html

Continue Reading

CNBC

Meet the dairy firm hoping to power its delivery trucks using cow manure

Avatar

Published

on

Like many large businesses, dairy company Arla Foods has grand plans to reduce its greenhouse gas emissions and the firm aims to be carbon net zero by 2050.

Around 85% of Arla’s total emissions come from the co-operative of 10,000 farms it has across Europe, a combination of the methane and nitrous oxide from the cows themselves, as well as from the fuel needed for milking and other operations.

It is hoping one of the ways it will get there is by harnessing one of its most readily-available resources: the manure produced by the half a million cows on its U.K. farms alone.

It is in the middle of a three-month trial looking at the viability of turning manure into fuel for its delivery trucks, working with two farms to collect the raw material that would usually be used by farmers as a fertilizer.

The manure, combined with other materials such as food waste, are put into an anaerobic digester that acts like a cow’s stomach, to produce gas, which is then cleaned and liquified into fuel that Arla then uses to power two of its milk trucks. Currently, Arla is running the trial with two of its farms in Buckinghamshire, a county northwest of London, said Graham Wilkinson, the company’s agriculture director.

“We collect it off two farms as part of the trial … but we’ve got 2,500 (U.K. farms) to go in the longer term, so there’s definitely the opportunity to scale up. We’ve got plenty of cow manure,” Wilkinson told CNBC by phone.

The U.K. pilot follows a 2019 trial in Sweden, where Arla’s farms have the potential to produce biofuel that is equivalent to 54 million liters of diesel [source]. That trial showed that running a truck on biofuel is cheaper than using diesel, but the vehicles themselves are more expensive, Wilkinson said. “The ambition would be to go down this (biofuel) route and for it to be more financially viable than diesel. We need to think differently from diesel anyway,” he added.

“For every liter of diesel that … we replace with biofuels, we actually reduce our carbon emissions by (about) two kg … So you’re actually having a sort of double positive (effect) on our emissions,” Wilkinson added.

The anaerobic production process also produces a substance called digestate, which farmers can use as a natural fertilizer for crops. Usually, they’d spread slurry and manure directly on to crops, but that is very watery, Wilkinson explained. “(There’s) a tougher consistency within the digestate, which actually (has) more nutrients. So, ultimately, what (the farmers) get back is of a higher value,” he said. Eventually, Wilkinson would like to get to a point where farmers wouldn’t have to use nitrous oxide-rich manufactured fertilizer that currently contributes to carbon emissions.

As well as benefiting the environment and farmers, another long-term aim is to save money, in an industry where the price paid for milk fluctuates. Farmers called for shoppers to boycott U.K. supermarkets over dairy prices in 2015, while Sardinian producers poured sheep’s milk into the streets during a 2019 protest.

“Throughout our whole supply chain we are relentlessly looking at how we do things, and how we can simplify it … the potential with this (biofuel trial) … is it could be another example of where we could actually take cost out and benefit our farmers at the same time,” Wilkinson stated.

Transforming manure into biofuel is not brand new: a renewable natural gas facility that uses manure from 33,000 dairy cows opened in Oregon in December, while Ugandan firm Green Heat International is turning agricultural waste into energy to help power homes in the country.

Luke Sharrett | Bloomberg Getty Images

Big energy

Creating energy from food waste is something that oil company Phillips 66 hopes to be able to do on a huge scale. It is planning to spend around $800 million to turn its San Francisco refinery in Rodeo, California into a renewable fuel plant, which it claims would be the world’s largest.

Phillips 66 announced the plan in August and if it gets approved by authorities, the “Rodeo Renewed” project would produce 680 million gallons of biofuels a year and is likely to begin production in 2024. The raw materials include used soybean and cooking oil and other fats (known as renewable “feedstocks”) and would be delivered to the plant via its existing marine and rail terminals, said Joe Gannon, senior advisor for external communications at Phillips 66, in an email to CNBC.

“Due to the facility being the largest in the world, the feedstocks will be sourced both domestically and internationally and are currently under evaluation to ensure reliable supply and minimization of impact to the environment,” Gannon stated.

Infrastructure is also something Arla is keen to have more of, and Wilkinson wants government backing in building anaerobic digestion (AD) facilities. “We’re relatively confident that from a financial perspective it is a viable option, but if we haven’t got the AD (anaerobic digester) facilities to be able to utilize, then that’s where we need support,” he told CNBC.

Source: https://www.cnbc.com/2020/10/16/arla-dairy-firm-hoping-to-power-delivery-trucks-with-cow-manure.html

Continue Reading
Energy2 hours ago

McKim & Creed Acquires­ Water Loss Recovery and Control Firm

Energy2 hours ago

Global Cable Management Market (2020 to 2027) – by Type, and End-user

AR/VR2 hours ago

Qualcomm’s XR Enterprise Program Doubles Membership, Includes Holoride, OssoVR & Talespin

Energy2 hours ago

Worldwide Industry for Cables and Connectors to 2027 – Growing Number of Data Centers Presents Opportunities

Energy2 hours ago

Xinhua Silk Road: La transformación verde es vital para el desarrollo del carbón de coque y la cooperación energética de la B&R

Automotive2 hours ago

ALYI Highlights Next Steps

Energy2 hours ago

Field Squared Selected by TRC to Embolden Digital Transformation of Its Utility Service Operations

Blockchain2 hours ago

Billionaire Mike Novogratz Builds Bitcoin Position on Prescience

Entrepreneur3 hours ago

It’s Time for You to Rise Up!

Entrepreneur3 hours ago

If You’re Not Using a CRM System for Your Small Business, You’re Wasting Time and Money

Patents3 hours ago

New electroactive bacterium for wastewater treatment

Blockchain3 hours ago

Latvian Financial Watchdog Issues Crypto Fraud Warnings

Cannabis3 hours ago

PURA Concludes Farmersville Meetings – Deal Imminent

EdTech3 hours ago

Blended Learning Best Practices (with Catlin Tucker) – SULS085

Entrepreneur3 hours ago

This CEO Doesn’t Look at Resumes When Hiring

Entrepreneur3 hours ago

Virtual Meeting Etiquette Guide for Hosts and Attendees

Entrepreneur3 hours ago

9 Ways to Add Revenue to Your Marketing Agency Before 2021

Blockchain3 hours ago

Upgraded XMR Becomes Best Performer Among Top 15 Coins: Analysis

Coinpedia4 hours ago

Brookmount Explorations, Inc. Reports Record 3rd Quarter Earnings

Blockchain4 hours ago

Billion Dollar Companies Interested In DeFi, As Crypto.com Study Shows

Biotechnology4 hours ago

PAOG Advances FDA Application Process For Respiratory Cannabis Drug Treatment

AR/VR4 hours ago

Survios Releases ‘Combat Rebalance Patch’ for The Walking Dead Onslaught

Blockchain4 hours ago

Hackers Donate Stolen Bitcoin To Two Different NGOs: Report

Patents4 hours ago

EIP and Osborne Clarke successful for PanOptis against Apple

Blockchain4 hours ago

DASH Breaks Out From Long-Term Bullish Pattern

Coinpedia4 hours ago

ZICIX Set to Modernize the Coupon Industry with an Innovative, Integrated Smartphone App and Dashboard Solution

Blockchain4 hours ago

LINK Rejected $11 Price Level, Could Drop Below $10.5: Analysis

AR/VR5 hours ago

FundamentalVR now Supports Ophthalmology Training

Energy5 hours ago

nexAir acquires Atlanta-based medical gas supplier

Energy5 hours ago

Sight Machine Puts the True Smart Factory in Reach With Automated Optimization of Manufacturing

Blockchain5 hours ago

DASH Enters DeFi The Price Reacts Immediately, Jumping By 12%

Energy5 hours ago

QMC Responds to Announcement of Canadian Electric Vehicle Production

Energy5 hours ago

United States $10.63 Million Cast LDPE (Low density Polyethylene) Disposable Gloves Market to 2025: Outbreak of COVID-19 to have a Positive Impact on the Market

Cannabis5 hours ago

7 Amazing Things to Know About Cannabis for an Amazing Love Life

AR/VR6 hours ago

HTC Vive’s XR Suite for Remote Collaboration Goes Live

Patents6 hours ago

International pricing strategies of Jordanian Dead Sea products in Russian markets

Ventureburn7 hours ago

New Digital Commerce Accelerator for Ghana MSEs launches 

Blockchain7 hours ago

Binance Suffers Temporary Outage as Bitcoin Price Pumps

Blockchain7 hours ago

Yield Protocol Launches Bringing Fixed-Rate Lending and Interest to DeFi

HRTech7 hours ago

Outdoor learning experiences aren’t just for kids – they’re great for the workplace too

Trending