Twitter Reacts To The HBO Max-Discovery Merger

Published by
The Street

By Michael Tedder No one is prepared for the ’90 Day Fiancé Universe.’ Well, it certainly has been an eventful couple of days for good old HBO and Warner Bros., hasn’t it? Where to begin, really? David Zaslav, the CEO of the newly formed Warner Bros. Discovery, (WBD) – Get Warner Bros. Discovery Inc. Report can’t seem to stop making headlines lately, and he also can’t seem to stop making fans mad. After the $43 billion merger between the companies was finalized, he pledged to find $3 billion worth of savings, and in recent days that’s meant the axing of TV shows both critically acclaimed (like… Read More “Twitter Reacts To The HBO Max-Discovery Merger”

What Is the Employment Situation Report? Why Is It Important?

Published by
The Street

By TheStreet Staff What Is the Employment Situation Report?Every month, the U.S. Bureau of Labor Statistics releases its Employment Situation Report, also known as the Jobs Report. It contains information about how much employment and wages have grown or contracted in the United States since the previous month. This data sheds light on employment trends, which are invaluable to economists, analysts, and investors. The Employment Situation Report is made up of two separate reports: The Current Employment Statistics Survey, which tracks data from approximately 697,000 work sites, and a Household… Read More “What Is the Employment Situation Report? Why Is It Important?”

Dorsey’s Block slows hiring, investment after reporting Q2 loss (Aug. 4)

Published by
Reuters UK

(In Aug. 4 story, corrects headline to remove reference to bitcoin) By Mehnaz Yasmin (Reuters) -Jack Dorsey-led Block Inc said it has slowed hiring and will slash its 2022 investment target by $250 million, after a slump in bitcoin prices dragged the digital payments company to a loss in the second quarter. Shares of Block, formerly called Square, fell nearly 6% in extended trading on Thursday. Regulatory hurdles facing cryptocurrencies, rising interest rates and the Ukraine crisis have walloped investor appetite for riskier assets, pulling bitcoin prices down about 36% in the quarter. That se… Read More “Dorsey’s Block slows hiring, investment after reporting Q2 loss (Aug. 4)”

Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?

Published by
ValueWalk

Cronos Group (NASDAQ:CRON) had an eventful Q1. The company’s revenues surged 25.05M, or up 98.5% YoY. Other fundamentals for the stock were also clearly in the green, with net income up 79.77% and diluted EPS up 79.55%. The company’s strong prior performance could be an indication that it will keep this trend moving forward and post a positive earnings card for Q2’22 that’s scheduled for August 9. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorWhen Cronos Group’s Q1 results were announced this year the company’s shares increased 14% after it beat revenue est… Read More “Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?”

Which Workloads Belong On-Premises as Part of Hybrid IT

Published by
CIO

Enterprises driving toward data-first modernization need to determine the optimal multicloud strategy, starting with which applications and data are best suited to migrate to cloud and what should remain in the core and at the edge. A hybrid approach is clearly established as the optimal operating model of choice. A Flexera report found the shift to hybrid infrastructure supported by overwhelming numbers of survey respondents, with 89% of them opting for a multicloud strategy and 80% taking a hybrid approach that combines use of public as well as private clouds. The shift toward hybrid IT has … Read More “Which Workloads Belong On-Premises as Part of Hybrid IT”

Manufacturing Team Automates Processes and Enhances Predictive Maintenance at the Edge

Published by
CIO

At the Laboratory for Machine Tools and Production Engineering (WZL) of RWTH Aachen University, scientists, mathematicians, and software developers conduct manufacturing research, working together to gain new insights from machine, product, and manufacturing data. Manufacturers partner with the team at WZL to refine solutions before putting them into production in their own factories. Recently, WZL has been looking for ways to help manufacturers analyze changes in processes, monitor output and process quality, then adjust in real-time. Processing data at the point of inception, or the edge, wo… Read More “Manufacturing Team Automates Processes and Enhances Predictive Maintenance at the Edge”

Alexa! Start my Roomba: Amazon buys robot vacuum maker for $1.7 billion

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Reuters UK

By Akash Sriram (Reuters) – Amazon.com Inc will acquire iRobot Corp, maker of robotic vacuum cleaner Roomba, in an all-cash deal for about $1.7 billion, in the latest push by the World’s largest online retailer to expand its stable of smart home devices. Amazon will pay $61 per share, valuing iRobot at a premium of 22% to the stock’s last closing price of $49.99. iRobot’s shares rose 19% in early Friday trading to $59.56. At its peak during pandemic lockdowns, iRobot was trading at more than twice that price as hygiene-conscious consumers invested in premium vacuum cleaners. Amazon already own… Read More “Alexa! Start my Roomba: Amazon buys robot vacuum maker for $1.7 billion”

Explainer-Who is Viktor Bout, arms dealer linked to swap for Americans held by Russia?

Published by
Reuters UK

By Felix Light LONDON (Reuters) – The life of Viktor Bout, the Russian arms dealer jailed in the United States and linked to a possible swap for two U.S. citizens imprisoned by Moscow, sometimes reads like a far-fetched spy thriller. Variously dubbed “the merchant of death” and “the sanctions buster” for his ability to get around arms embargoes, Bout, 55, was one of the World’s most wanted men prior to his 2008 arrest on multiple charges related to arms trafficking. For almost two decades, Bout became the World’s most notorious arms dealer, selling weaponry to rogue states, rebel groups and mu… Read More “Explainer-Who is Viktor Bout, arms dealer linked to swap for Americans held by Russia?”

Steps CIOs should take to protect customer data in Nigeria’s open banking systems

Published by
CIO

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. And at its core is the need to secure customer data through a robust set of requirements. The regulations streamline how entities who handle customer banking information will secure their systems and share details within protected application program interfaces. They’ll also seek to standardize policies for all open banking participants, and come at a time when the country is enjoying a boom of fintech and bank… Read More “Steps CIOs should take to protect customer data in Nigeria’s open banking systems”

Las Vegas CIO shapes city of future on IoT, cloud

Published by
CIO

After highly publicized accidents and fatalities, most municipal IT execs are waiting for autonomous vehicles to be proven safe beyond any doubt before building next-generation roadways and edge infrastructure for their cities and towns. Not Michael Sherwood, CIO of the City of Las Vegas. He is moving full steam ahead to attract more visitors and shape Las Vegas into America’s city of the future. “Las Vegas is thriving to bring tourism back. The single greatest thing we can do is provide the foundation for some of the most advanced technologies here, one of them being the connected roadway,” S… Read More “Las Vegas CIO shapes city of future on IoT, cloud”