A very common theme for CES this year seems to be “The Internet of Things” or IoT. With the introduction of smart modules that can be implanted into everyday objects around the home and workplace, the possibilities are endless. But that is beside the point. The Wi-Fi Alliance has announced a new energy efficient type of Wi-Fi connection that comparable to Bluetooth. It is to be superior in range and travel through walls much better than current Wi-Fi technologies thanks to using the 900MHz band (existing Wi-Fi technologies use 2.4GHz and 5GHz). These conditions are ideal for the IoT that…
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JPMorgan said Thursday it is setting aside more money to cover bad loans made to energy and mining companies. In its quarterly earnings report, the bank said it set aside $1.3 billion, or 49 percent more, year over year, for credit loss provisions, “driven by downgrades, including $124 million in the oil & gas portfolio and $35 million in metals/mining.” Credit costs, driven by the oil and gas industry, increased as well, the bank said. In spite of this, JPMorgan executives appeared to play down concern. “Our energy book isn’t that large,” CEO Jamie Dimon said on the bank’s earnings…
If you’re running an online shop based on the Magento e-commerce platform, it’s a good idea to update it as soon as possible. The latest patches fix critical vulnerabilities that could allow attackers to hijack administrative accounts. One issue was discovered by researchers from Web security firm Sucuri and stems from improper validation of email addresses in the customer registration form. The flaw allows a malicious user to include JavaScript code in the email field, leading to a so-called stored cross-site scripting (XSS) attack. The JavaScript code is saved along with the form and is triggered when the user account…
Some traders are avoiding the energy space after WTI crude broke below $30 on Tuesday, but one analyst believes that the banks are actually insulated from the underperformance of the energy space. Top banking analyst Mike Mayo of CLSA said on CNBC’s “Fast Money Halftime Report” that he doesn’t think that banks have significant exposure to the problems in energy. “Non-banks have originated only a quarter of [large oil-and-gas loans], but have two-thirds of the criticized assets,” Mayo said. “The problems in oil and gas are outside of the banking industry. In this case, don’t blame the banks.” ‹ Power…
As we get closer to the reported February 21 unveiling date, more and more details about Samsung’s upcoming Galaxy S7 and Galaxy S7 edge are beginning to leak. Today some new information has come to light courtesy of Evan Blass (also known as@evleaks). He says the Galaxy S7 and S7 edge will be waterproof, thus adding a much-requested feature that used to be present in the S5 from 2014. Not only that, but they will adhere to the IP67 standard, which means they will also be dustproof. Furthermore, they will both have larger batteries than their predecessors, which will hopefully…
Some traders are avoiding the energy space after WTI crude broke below $30 on Tuesday, but one analyst believes that the banks are actually insulated from the underperformance of the energy space. Top banking analyst Mike Mayo of CLSA said on CNBC’s “Fast Money Halftime Report” that he doesn’t think that banks have significant exposure to the problems in energy. “Non-banks have originated only a quarter of [large oil-and-gas loans], but have two-thirds of the criticized assets,” Mayo said. “The problems in oil and gas are outside of the banking industry. In this case, don’t blame the banks.” ‹ Power…
Microsoft’s Cortana virtual assistant is digging deeper into users’ email accounts in hopes of creating more useful reminders. With the latest Windows 10 Insider build, Cortana will scan for commitments that users make via email, and then offer to create a reminder. For instance, emailing “I’ll get you this report by the end of the day” to your boss will create a reminder card in Cortana’s main menu. As The Verge points out, this reminder process isn’t completely automated. Users will still have to click a button in Cortana’s menu to set the reminder, so they won’t be unnecessarily pestered…
v Intel shares fell in extended trading, even though the tech giant topped analysts’ expectations in its earnings announcement. The company posted fiscal fourth-quarter earnings of 74 cents per share on $14.9 billion in revenue. Analysts expected Intel to post earnings of 63 cents per share on $14.8 billion in revenue, according to a consensus estimate from Thomson Reuters. “Our results for the fourth quarter marked a strong finish to the year and were consistent with expectations,” said Intel CEO Brian Krzanich in a statement. WebMD dipped slightly after the bell. Shares of the online health-care information website hit a…
A trader on the floor of the New York Stock Exchange. It’s the day after the Powerball lottery. The joke on trading desks all week is that Wall Street has been selling stocks to play the lottery. Now the lottery is over, and we are rallying. This makes sense, no? Coming into work, the new joke was that we were rallying but it would all fall apart by midday, because that is all we do anymore Rally at the open, fall apart midday. It hasn’t happened today, thanks to a rally in oil and a set of indicators that have…
British politicians want to know why Google is paying so little in back taxes, and will demand that the search giant come in for a talk. The company and the tax authority, Her Majesty’s Revenue and Customs, will be summoned by the U.K. Parliament’s Public Accounts Committee to justify a settlement in which Google UK will pay £130 million (US$186 million) in back taxes. On Saturday, Committee chairwoman Meg Hillier said in a tweet, “Bet individual taxpayers wouldn’t get off as lightly as Google on back tax. Cosy deal. Will call HMRC and Google to @CommonsPAC to explain.” The settlement…