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1 Article
Source: Common Domain

Get used to wild swings for this stock market, and thank the Fed for that, says analyst

Today 11:44 GMT

While the market tries to decide what the economic and monetary policy trajectory is, ‘the Fed’s data dependency means volatility will be elevated and markets may be subject to wild swings,’” said Shah in emailed comments.

There is the economy, and we’ll get a key Michigan consumer sentiment survey Friday, following that gloomy retail sales that momentarily knocked the market from its perch.

1 Article
Source: The Guradian

Nigerian voter data 'statistically impossible', analysis shows

Today 11:44 GMT

Analysis of the data for each of the country’s 36 states and its capital shows that INEC has increased the number of new registered voters by almost exactly the same percentage across all states.

Additional data seen by the Guardian shows irregularities in registration for the 2015 election, until now considered to have been free and fair. On average, voter registration in each state increased by 2.2% between April 2017 and January 2018, and by 7.7% for the whole registration period ahead of Saturday’s election.

1 Article
Source: Common Domain

Facebook Could Pay Billions Over Privacy. Investors Aren’t Too Worried.

Today 11:45 GMT

Facebook faces a record multibillion-dollar fine from the Federal Trade Commission, but investors don’t seem deeply concerned.

Shares of Facebook (ticker: FB) were down 1.3% to $161.77 on Friday afternoon following an article late Thursday saying the social-networking giant and FTC officials are in discussions to settle an agency investigation into Facebook’s privacy practices. The story, published by the Washington Post, made it clear that the payment could be much larger than had been expected.

1 Article
Source: The Guradian

How Taylor Swift showed us the scary future of facial recognition

Friday 12:40 GMT

Taylor Swift raised eyebrows late last year when Rolling Stone magazine revealed her security team had deployed facial recognition recognition technology during her Repudiation tour to root out stalkers.

“So much data is collected all the time and automation and machine learning algorithms are coming up with ways to do things with that data, and it will affect our lives going forward.”. Mary Haskett, the co-founder of the facial recognition company Blink Identity, compared the public’s lack of understanding of the impact of facial recognition technology to Facebook’s Cambridge Analytica scandal. “[Users] didn’t realize how much in-depth information Facebook had, and more importantly how that information was being used to manipulate them,” she said.

1 Article
Source: Reuters

Nvidia full-year sales outlook tops analyst views; shares rise

Today 00:34 GMT

(Reuters) - Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.

Its shares were up 8 percent to $167.40 in late trading, after closing up 1.09 percent at $154.53 in regular trade on Nasdaq.

1 Article
Source: Common Domain

The Morning Download: Google Discovers America

Friday 08:05 GMT

Edward Lampert, who steered Sears into bankruptcy and kept it alive with a $5.2 billion offer for its assets, says he will sell or sublease some of the 425 remaining stores, devote extra space to tools and appliances, and open more smaller stores.

Alphabet Inc.’s Google said Wednesday it will invest $13 billion in data centers and offices around the country this year, up from $9 billion in 2018.

1 Article
Source: Reuters

'Tinder for cows' matches livestock in the mood for love

Thursday 10:51 GMT

“Despite the rest of the world’s view of farming, it’s actually very technologically driven,” he said, citing precision spraying, automated dairy units and genetic science.

“Matching livestock online is even easier than it is to match humans because there’s a huge amount of data that sits behind these wonderful animals that predicts what their offspring will be,” he said. Launching just in time for Valentine’s Day, the makers believer Tudder is the first ever matchmaking app for livestock.

1 Article
Source: Common Domain

Jerky trading sees dollar slide as economic data, trade remain in focus

Friday 15:26 GMT

The U.S. dollar was weaker Thursday in a volatile session that was marked by a round of weaker-than-expected economic data that briefly overshadowed optimism over U.S.-China trade talks.

The ICE U.S. Dollar Index DXY, -0.19% a measure of the currency against a basket of six major rivals, first flipped in to negative territory during Thursday’s session after retail sales data for December showed an unexpected 1.2% decline, the worst drop in nine years.

1 Article
Source: Global News

Oilpatch AI keeps a wary eye on remote wells after human officials go home

Friday 10:49 GMT

In a pilot project last year, Ambyint’s system was employed on 60 wells in Husky Energy Inc.’s remote Rainbow Lake oilfield in the northwest corner of Alberta.

Husky’s response was to install the system on the rest of the eligible wells in the field and begin expanding it to other similar wells in its portfolio. READ MORE: Alberta announces $100M, 5-year investment in artificial intelligence. He said Husky is encouraging innovation in its operations in Western Canada, Atlantic Canada and Asia and speedy adoption with a 16-employee multi-disciplinary technology group.

1 Article
Source: Fox News

NASA eyes giant 'meteorite' crater beneath Greenland’s ice

Wednesday 14:31 GMT

NASA scientists have spotted a giant crater beneath Greenland’s ice that may be the result of a massive meteorite smashing into the Earth.

EARTH SMACKED BY AN ASTEROID 19-MILES-WIDE THOUSANDS OF YEARS AGO: 'IT ROCKED THE NORTHERN HEMISPHERE'. The crater beneath Hiawatha Glacier is the first of its type discovered beneath Earth’s ice sheets. If the newly-discovered 22-mile-wide crater is indeed the result of a meteorite, it would be 22nd-largest impact crater found on Earth, according to NASA.

1 Article
Source: Common Domain

Latest CPI data allows Fed to continue on preferred path of doing nothing

Thursday 18:11 GMT

The January consumer price inflation data allows the Federal Reserve to remain on the sidelines for now, economists said Wednesday.

Yields on the 2-year note TMUBMUSD02Y, +0.66%  , which is very sensitive to Fed rate expectations, were little changed as U.S. stocks SPX, +0.43%  advanced.

1 Article
Source: Common Domain

Oil rises on hopes for progress on U.S.-China trade talks

Friday 12:41 GMT

Optimism centered around resolving the longstanding trade dispute with two of the biggest economies in the world has helped to support buying in oil and stocks, with futures for both the S&P 500 ESH9, +0.38% SPX, +0.30%  and the Dow Jones Industrial Average YMH9, +0.47% DJIA, +0.46%  trading firmly higher for most of the week.

Crude-oil futures were set to rise for a third consecutive day on Thursday as hope for a Sino-U.S. trade pact continued to support assets viewed as risky, including oil and equities.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte