Oil and the dollar could be keys to Thursday’s trading, after the dynamic duo sent markets on a wild ride Wednesday. Falling crude prices and the rising dollar have been poison to the stock market with both sapping corporate profits. But on Wednesday, stocks moved higher as oil surged, while the dollar slumped amid speculation the Fed would hold off on further rate hikes. “We’re all watching each other. I hate these kinds of markets when you’re watching another market to determine what to do,” said Arthur Bass, managing director at COEX Partners. “I hate these kinds of markets. You…
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Despite falling short of its 2015 sales target, Xiaomi was still the top smartphone manufacturer in China for the year, according to a new Wall Street Journal report which cited “early figures” from market research firms Canalys and Strategy Analytics. According to Canalys, Xiaomi claimed 15.2% of the market in China. Huawei came in second with 14.7%, while Apple was third with 12.5% share. The report cited Chinese analysts as saying that brisk sales of the company’s Redmi Note 3smartphone – which they said comes with “competitive pricing and trendy features” – along with the end-of-year sales season were some…
Two new tablets from Samsung have been spotted listed on Zauba, a website which tracks India’s import and export. The listings for these devices reveal that they carry model numbers of SM-T719 and SM-T813, respectively. Another crucial information that the listings reveal is the display sizes. While the SM-T719 sports an 8-inch screen, the SM-T813 has a 9.7 inch display. Given that the Galaxy Tab S2 series from last year has 8-inch and 9.7-inch variants (with model numbers SM-T710/SM-T715 and SM-T810/ SM-T815), these new devices could very well be the next generation tablets in the series. Aside from the specs,…
Amazon, Alphabet, Facebook and Netflix — the so-called FANG stocks — were once lumped in portfolios, paragons of the technology world. But lately they’ve diverged. With Netflix and Amazon both down more than 20 percent so far this year, does the magical union still hold true for investors? While optimists see the current dip as a buying opportunity, Wall Street pessimists say these companies might have flown too close to the sun. Take Amazon, for example. Although the e-commerce giant couldn’t handle demand for “fulfilled by Amazon” products during the holidays, it could eventually scale to meet the demand from…
Turns out the rumors were correct. Samsung’s upcoming Galaxy S7 flagship smartphone will be unveiled on Sunday, February 21 (19:00 CET) in Barcelona, just a day before MWC 2016 officially kicks off. The South Korean company has also posted a teaser video on YouTube (embedded below) that confirms the same. The video, however, doesn’t reveal much – it just shows a man wearing the company’s Gear VR headset. “Get ready to rethink what a phone can do,” Samsung said in the text accompanying the video. “#TheNextGalaxy will be revealed at Unpacked on February 21.” The Galaxy S7 has already been…
Getty Images The banking crisis: is there one? For the past three days, I’ve been trying to get my hands around this supposed “banking crisis,” particularly in Europe. I get why there is concern in Europe, but I don’t at all get the selloff in U.S. banks. You didn’t know there was a banking crisis? Everyone seems to think there is some kind of crisis because the stocks—particularly the European bank stocks—seem to be telling us something is wrong: European banks YTD Deutsche Bank down 34.6% Societe General down 25.8% BNP Paribas down 24.3% Banco Santander down 24.0% UBS…
The Motorola Moto X Force, which is claimed to be the first smartphone in the world to come with a shatterproof display, will be launched in India on February 1 – today. The announcement was made by the company in a tweet yesterday. The event is set for 3PM (IST) today, and you can catch the device’s live unveiling by heading to the YouTube link at the end of this story. The launch comes nearly a couple of weeks after Motorola India started teasing the phone on Twitter, and a couple of days after it was spotted listed as ‘coming…
Noah Berger | Bloomberg | Getty Images People walk between buildings on the Yahoo headquarters corporate campus in Sunnyvale, California. Yahoo Chief Executive Marissa Mayer is keeping all of her bad options open. The floundering internet firm topped a whopping $4.5 billion write down in the fourth quarter with plans to pursue “strategic proposals” for its core search and advertising operations. The company also said it will cut 15 percent of its workforce, jettison products like some digital magazines and maybe spin off the core assets from its stake in Chinese e-commerce giant Alibaba. Selling those assets is still…
Apple’s iPhone 6s returns to our weekly Top 10 trending chart after being absent for more than a month, leaving it to the iPhone 5s to defend the company’s honor. Defend it it did, and is also present this week, the two-generations-old model in 8th, while the current one is in 10th. In between them is the Samsung Galaxy Note5, a spot down from last week. The Xiaomi Redmi Note 3 has dropped 3 places, and we’re finding it in 7th, but the smaller non-Note Redmi 3 has dropped off the Top 10 altogether. Climbing up the chart, it’s a…
Samsung has started rolling out the Android 6.0.1 Marshmallow update for the Galaxy S6 and the Galaxy S6 edge in South Korea. The final version comes out after a brief beta test where users had to sign up to receive the beta build. Looking at screenshots by SamMobile, the update brings some minor UI changes, such as the updated notification menu and power menu, along with the usual under the hood changes, such as enabling the fingerprint sensor to work in third party apps. The update should eventually make its way outside of South Korea, and also to other Samsung…