Technology

Apple Outlook Weighs on Global Markets

Published

9 years ago

July 22, 2015

Currency traders watch monitors at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Wednesday, July 22, 2015. (AP Photo/Ahn Young-joon)

The Associated Press

LONDON (AP) — A cautious outlook from Apple coupled with indifferent earnings from U.S. technology firms weighed on global stock markets Wednesday ahead of another key vote in the Greek Parliament.

KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was down 1.1 percent to 6,693 while the CAC-40 in France fell 0.4 percent to 5,085. Germany’s DAX was 0.6 percent lower at 11,534. U.S. stocks were poised for a lower opening too, with Dow futures and the broader S&P 500 futures down 0.4 percent.

APPLE CONCERN: Though Apple’s quarterly earnings beat expectations, the company’s lukewarm forecast for the current period, combined with uncertainty over the new Apple Watch, drove its shares down more than 6 percent in after-hours trading Tuesday.

ANALYST TAKE: “China is at the core of Apple’s problem, and the iPhone maker is becoming too dependent on a single country which is having big problems of its own,” said David Madden, market analyst at IG.

NOT JUST APPLE: There was also disappointment that Microsoft booked an $8.4 billion charge related to the write-off of the Nokia phone business it bought just over a year ago. Though it narrowly beat analysts’ depressed expectations for a quarter, the company also reported a steep decline in personal computer sales even as it prepares to launch its latest operating system, Windows 10.

ANOTHER GREEK VOTE: Though fears of a Greek exit from the euro have faded somewhat following last week’s decision by Greek Prime Minister Alexis Tsipras to back further austerity measures in return for a third bailout of the country, some hurdles remain to be cleared. On Wednesday, Greek lawmakers have to back further economic reforms demanded by international creditors in return for the new bailout.

ASIA’S DAY: Asian stocks closed lower. Japan’s Nikkei 225 fell 1.2 percent to 20,593.67 and South Korea’s Kospi lost 0.9 percent to 2,064.73. Hong Kong’s Hang Seng slipped 1 percent to 25,282.62. Australia’s S&P/ASX 200 dropped 1.6 percent to 5,614.60.

ENERGY: Benchmark U.S. crude slipped 54 cents to $50.32 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, a benchmark for international oils used by many U.S. refineries, fell 37 cents at $56.67 a barrel in London.

CURRENCIES: Trading in foreign exchange markets was tepid with the euro steady at $1.0934 and the dollar down 0.1 percent to 123.75 yen.

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Attorney General Rob Bonta, Oakland Lawmakers, Introduce Legislation to Protect Youth Online

At a press conference in downtown Oakland on Jan. 29, Attorney General Rob Bonta joined Sen. Nancy Skinner (D-Berkeley) and Assemblymember Buffy Wicks (D-Oakland) to announce two pieces of legislation designed to protect children online. The bills are Senate Bill (SB) 976, the Protecting Youth from Social Media Addiction Act and Assembly Bill (AB) 1949, the California Children’s Data Privacy Act.

Published

1 week ago

April 16, 2024

Oakland Post

From left to right: Sen. Nancy Skinner (D-Berkeley), Attorney General Rob Bonta and Assemblymember Buffy Wicks (D-Oakland) at a press conference introducing legislation to protect young people online.

By Magaly Muñoz

The bills are Senate Bill (SB) 976, the Protecting Youth from Social Media Addiction Act and Assembly Bill (AB) 1949, the California Children’s Data Privacy Act.

Skinner authored SB 976, which addresses online addiction affecting teenage users, while Wicks’s bill, AB 1949, takes on big tech by proposing data privacy and children rights protections.

“Social media companies unfortunately show us time and time again that they are all too willing to ignore the detriment to our children, the pain to our children, the mental health and physical challenges they face, in order to pursue profits,” Bonta said.

SB 976 would allow parents to control the nature and frequency of the content their under-18-year-old children see on social media. Notifications from social media platforms would also be paused from midnight to 6 am and controls would allow parents to set time limits on their children’s usage based on their discretion.

Skinner stated that the longer that kids are on their phones during the day, the higher the risk for depression, anxiety and other related issues.

The bill would also push to get rid of addictive media that is harmful for young women and girls, specifically image filters that mimic cosmetic plastic surgery.

Bonta and 33 other attorney generals had previously filed a lawsuit against Meta, owner of the popular social media applications Instagram and Facebook. The filing claims that the company purposefully uses algorithmized content that harms younger audiences.

“Social media companies have the ability to protect our kids, they could act, but they do not,” Skinner said.

The Child Data Privacy Act would strengthen existing protections for data privacy under the California Consumer Privacy Act (CCPA). The lawmakers argue that the law does not have effective protection for those under 18 years old.

Wicks stated that the bill would forbid businesses from collecting, using, sharing, or selling personal data of anyone underage unless they receive informed consent, or it becomes necessary for the purpose of the business.

Wicks added that the acts would make it so that a search on the internet like “How do I lose weight?” would not result in dieting pill advertisements targeting youth, which, some experts report, could be harmful to their mental and physical health.

“In a digital age where the vulnerabilities of young users are continually exploited, we cannot afford to let our laws lag behind, our children deserve complete assurance that their online experience will be safeguarded from invasive practices,” Wicks said.

Supporters of the two acts say they have gained bipartisan support issue, but the authors and Bonta expect them to be met with pushback from the affected companies.

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Unleashing the Power_ Discover the The Thrills…F-TYPE Convertible

Published

4 months ago

December 18, 2023

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Performance & Handling
Powered by a robust 5.0 Liter Supercharged 8 Cylinder Gas Engine, the F-Type R75 doesn’t just purr; it roars with a mighty 575 horsepower and 516 lb-ft of torque. Coupled with an 8-speed Automatic Transmission, the car offers an exhilarating drive that is both fast and smooth. The All-Wheel Drive system ensures excellent traction and stability, making it a joy to handle in various driving conditions. The Electric Power Assisted Steering and JaguarDrive Control with Selectable Driving Modes add to the car’s agility, providing a driving experience that is as intuitive as it is thrilling. Additionally, the Adaptive Dynamics and Electronic Active Differential with Torque Vectoring by Braking enhance the car’s responsiveness, making every turn a testament to its engineering prowess. Unique to AutoNetwork.com.

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Elevate Your Ride…

Join us for a virtual car’s best-detailed walkaround of the sleek and stylish 2024 Jaguar F-TYPE AWD convertible. Get an up-close look at the exterior design, interior features, and performance capabilities of this luxury sports car. From its powerful engine to its advanced technology, this video will give you a comprehensive overview of what makes […]
The post Elevate Your Ride… first appeared on BlackPressUSA.

Published

4 months ago

December 18, 2023

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Join us for a virtual car’s best-detailed walkaround of the sleek and stylish 2024 Jaguar F-TYPE AWD convertible. Get an up-close look at the exterior design, interior features, and performance capabilities of this luxury sports car. From its powerful engine to its advanced technology, this video will give you a comprehensive overview of what makes the F-TYPE AWD convertible stand out on the road. Unique to AutoNetwork.com.