Author: Deep

nvestors gonna invest, invest, invest, invest, invest. Glu Mobile, a global developer of free-to-play games for smartphone and tablet devices, revealed on Wednesday that it will producing a game featuring pop sensation Taylor Swift, due out later this year. The company previously created celebrity games featuring Kim Kardashian and Katy Perry. Shares in the company spiked more than 26 percent after hours following the announcement. ‹ Digital gaming sales hit record $61B: Report Will gaming earnings signal a bottom inMacau? Tech firms face funding ‘Hunger Games’ › “We realize that Taylor and her global fan base expect a new and…

As with any other great tech advancement in history, smartphones have developed rapidly from luxury to a necessity and as such are constantly becoming more and more affordable. OEMs, especially those operation out of China are always pushing the envelope on what is possible on a shoestring budget and it is an undeniable fact that you can now get a decent mid-range Android device from a major brand for around $200 and enjoy a modern Android experience. But what if you want to go cheaper still? A quick search online revels that you could opt for a no-brand device or…

Oil is set to hit a bottom according Rob Thummel of Tortoise Capital Advisors. The portfolio manager whose firm is focused on investing in the energy sector thinks that although this commodity cycle has been “painful” and thus far the second largest in duration since the 1980s, it will soon scrape the bottom of the barrel. “Here’s how you get there: You see U.S. production start to fall, and you see demand continue to remain strong,” Thummel said Wednesday on CNBC’s “Power Lunch.” He expects prices to move higher within the next five to 10 years with long-term prices ranging…

Sony has started rolling out the Android 5.1 Lollipop update to both Xperia M5 and M5 Dualsmartphones. The update also includes Android security patch for the month of January. Weighing in at around 600MB, the new update bumps the M5’s build number to 30.1.A.1.33, and that of the dual-sim variant to 30.1.B.1.33. It brings along the ability to take pictures from the camera using the SmartWatch 3, as well as improvements related to volume and silent mode control. For those who aren’t already aware, the M5 will land in Europe in February – it’s currently up for pre-order in the…

Analysts say Dunkin continues to deal with self-inflicted wounds after the donut chain’s franchisees raised prices last year to offset wage pressures. Adding to Dunkin’s woes is McDonald’s launching an all-day breakfast menu in October, a decision that drove traffic to the Golden Arches in the fourth quarter. “It’s hard for me to believe that Dunkin’ is going to be able to capture more share in that environment where the two biggest behemoths in the sector that compete against them are growing very rapidly,” said BTIG restaurant industry analyst Peter Saleh. Dunkin’ Brands Group’s stock is down nearly 12 percent…

n an interview with CNBC on Wednesday, Kyle Bass shared his starkly bearish views on China’s banking system and the country’s currency. The yuan will be devalued 30 to 40 percent due to loan losses in China’s banking sector, according to the hedge fund manager. Bass is founder and managing partner of Hayman Capital Management. He is known for profiting and betting against subprime mortgages during the U.S. financial crisis in 2008. You can watch the full interview uncut and in its entirety below … but you must be a CNBC Pro subscriber. [“source-gsmarena”]

Earlier this month, Huawei announced that the Honor 5X will be launched in the US at the end of this month. So, we were already expecting it to go on sale around January 31. Now, the company has officially announced the launch date. Yes, the device will be available for purchase in the US starting January 31. You’ll be able to grab it online at HiHonor, Amazon.com and Newegg.com. As already announced, it will carry a price tag of $200, and will be available in gold, silver, and grey color options. For those in Europe waiting for the Honor 5X,…

Is crude oil becoming old news? A particular currency seems to be suggesting so, says one strategist. On Tuesday, Boris Schlossberg of BK Asset Management noted that the correlation between the Canadian dollar and crude oil has been weakening, a sign that oil’s influence over markets may be coming to an end. Since oil accounts for a major part of Canada’s exports, the country’s currency tends to trade in tandem with the price of crude oil. Earlier this year, Schlossberg declared that everything from stocks to currencies were taking cues from crude oil’s wild swings. Read MoreOil is driving everything…

MediaTek has officially confirmed the existence of a software bug that has put several Android devices running the company’s chipsets at risk. The chip-maker says the issue in question only affects Android 4.4 KitKat devices. First reported by security researcher Justin Case earlier this month, the bug could potentially allow an attacker to enable root access on a vulnerable device. “Root user could do many things, such as access data normally protected from the user/ other apps, or brick the phone, or spy on the user, monitor communications etc,” Case said. For its part, MediaTek explained that the vulnerability stems…

Economic data should theoretically drive markets. But in 2016, the opposite has been true and it could be a troubling cycle for investors, said Matthew Beesley, portfolio manager and head of global equities at Henderson Global Investors. “Go back a month or so, economics were relatively decent across most geographies,” Beesley told CNBC’s “Worldwide Exchange” on Wednesday. “But now markets are leading economics and driving economic decisions that are going to have very meaningful impacts [that] we fear on the corporate world in 2016.” Read MoreBill Miller: I lost 20%, but still bullish Despite relatively strong economic data with the…