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Lightwave Logic and Advanced Micro Foundry (AMF) Partner to Accelerate Development of Silicon Photonics Modulators Using Electro-Optic Polymers
2024.05.21 14:38 moneymaheu Lightwave Logic and Advanced Micro Foundry (AMF) Partner to Accelerate Development of Silicon Photonics Modulators Using Electro-Optic Polymers
Standard Fabrication Processes on 200mm Silicon Wafers Using Lightwave Logic's Proprietary Slot Modulator Design Achieved Record Breaking sub-1V Drive at 200Gbps PAM4 – Ideal for 800Gbps and 1.6T Pluggable Transceivers.
ENGLEWOOD, Colo., May 21, 2024 /PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG) a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor today announced a collaboration with Advanced Micro Foundry (AMF), a leading Silicon Photonics volume foundry – to develop state-of art polymer slot modulators utilizing AMF's silicon photonics platform.
These modulators have been shown to achieve a record low drive voltage below 1V and data rates of 200Gbps PAM4. This performance will enable a new generation of 800 Gb/s and 1.6T Gb/s pluggable transceivers to address fast growing requirements for optical connectivity for large generative AI computing clusters.
Lightwave Logic and AMF have collaborated over the past year to develop the electro optic polymer slot modulators utilizing AMF's standard manufacturing process flow on 200-mm wafers. This successful demonstration marks a significant milestone in integrated photonics, blending Silicon photonics with polymer materials. Building on this demonstration, both parties are aiming to enhance the modulators to ensure these advanced components are readily accessible to product companies on a manufacturing scale.
Dr. Michael Lebby, Chairman and CEO of Lightwave Logic, commented: "AMF is truly a world class facility with their silicon photonics maturity, and capacity for volume manufacturing. Working with AMF, we not only increased our wafer size to 200-mm, but we also turbo-boosted silicon photonics with our polymer slot modulators to achieve world class performance. Engineers from both sides have worked hard to achieve a silicon photonics design that integrates smoothly with polymer – a process that would have been much more challenging if other next-generation modulator materials had been utilized. This accomplishment puts our company in a very strong position to ramp volume both for our polymers as well as 200-mm silicon wafer volume with AMF."
Mr Jagadish C.V, CEO of AMF, stated: "Lightwave Logic's EO polymer modulators have been demonstrated to support higher baud rates, low power consumption, all while preserving their compact size. These features, integrated with AMF Silicon Photonics platform, make them cost effective options for 4X200 Gb/s (800Gb/s) and next-generation 1.6Tb/s pluggable transceivers applications. This demonstration opens exciting opportunities to develop novel solutions for commercial-grade-compatible EO polymer modulators seamlessly integrated with AMF's standard processes. We are keen to continue to explore the synergies between EO polymer modulation on our foundry processes, to provide innovative and manufacturable technology solutions for data communication."
About Advanced Micro Foundry Advanced Micro Foundry (AMF), Singapore is the world's first specialty Silicon Photonics foundry. AMF offers a full spectrum of manufacturing, prototyping, and testing services, all supported by proprietary technology platforms. These platforms are enhanced by continuously evolving Process Design Kits (PDKs), which are designed in-house for applications in sectors like Telecom, Data Centers, LiDAR, and Sensors. AMF's commitment to device innovation and excellence in delivery has been pivotal in the rapid growth of Silicon Photonics products globally.
About Lightwave Logic, Inc. Lightwave Logic, Inc. (NASDAQ: LWLG) develops a platform leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor. The company's high-activity and high-stability organic polymers allow Lightwave Logic to create next-generation photonic EO devices, which convert data from electrical signals into optical signals, for applications in data communications and telecommunications markets. For more information, please visit the company's website at lightwavelogic.com.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A "Risk Factors" in our most recent Form 10-K and 10-Q; other risks to which our company is subject; other factors beyond the company's control.
Investor Relations Contact: Lucas A. Zimmerman MZ Group - MZ North America 949-259-4987
LWLG@mzgroup.us www.mzgroup.us SOURCE Lightwave Logic, Inc.
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2024.05.21 14:11 TearRepresentative56 I'm a full time trader and this is everything I'm watching and analysing in premarket including full earnings summaries from PANW and more.
ANALYSIS section will be posted separately on my sub
Tradingedge DATA LEDE:
- RBA minutes - Australia
- Said they will try not to excessively fine tune policy
- Future changes to cash rate are difficult to rule in or out
- CPI short term variation can be easily and reasonably overlooked
- Recent data does point to slightly increased inflation risks
- NEUTRAL/HAWKISH overall
- Australia consumer confidence numbers drop 0.3% MOM
- German PPI came 0.2% MOM vs 0.2% expected, in line with last months reading.
- YOY came in at -3.3% slightly below expected value of -3.2%. Came in light which is good for German inflation picture.
- Yellen Speech - no real meaningful comments
- EU balance of trade numbers hit a new yearly high. Points to improving world demand environment.
- Fed speakers include:
- Barkin, Waller, Williams, Bostic, Barr
- BoE’s Bailey to speak too
MARKETS:
- SPX: Maintained above 5300, now trading at 5311. Yesterday, touched 5325, before moving lower again. DJI: Trading at 39,813, just below 40k. Opened yesterday above 40k but moved lower on JPM weakness.
- Nasdaq: trading flat at 18,665. Support will now be at around 18,350.
- Ger40: Slightly lower today, at 18,600. Some slight profit taking near the highs.
- HKG50: Moving lower again for 2nd day in a row. Now at 19,240. Yesterday, was at 19,750 at one point. So down 2.7% across yesterday and today.
- Oil - hit 80 yesterday on WTI but was rejected off there. Lower today to 78, down by 1.5%. Back to range bound.
- Gold: Trading at 2418, Support at 2400.
- VIX: After getting crushed to 12 yesterday, bounced up off of there, now higher.
FX:
- DXY moving flat today and yesterday, around 104.5
- Had fallen to 100d moving average after CPI then moved higher, bouncing from there.
- EURUSD positioning still bullish, flat, slightly higher at 1.087
- GBPUSD moving higher again, trading at 1.272
- AUDUSD at 0.667,
- Has broken out of the long term downtrend.
EARNINGS:
- PANW Current Quarter:
- Revenues of 1.985B beat by 0.8%. Revenues rose 15% YOY
- Products revenue beat by 1.2%
- Subscriptions and support revenue beat by 0.3%
- EPS of 1.32 Beat expectations of 1.25 - beat by 5.6%
- Operating income was 508M, beat by 3.5%
- Operating margin was 25.6% , beat by 69 bps
- Billings came more or less in line
- Deferred revenue basically in line, slight miss.
- NEXT QUARTER GUIDANCE:
- EPS of 1.41 v slightly missed expectations of 1.42
- Revenue came in line with consensus at 2.16B
- Billings guidance beat consensus v slightly.
- FULL YEAR GUIDANCE:
- EPS of 5.56-5.58 beat estimates of 5.51
- Revenue of 8B beat estimates of 7.98B
- Billings of 10.15.5B was up 10-11% YoY
- CEO Nikesh Arora: Enthusiastic response to pjatformization and AI infused security outcomes.
- In conference call said that billings isn’t the only important measure, hence investors should overlook the slight softness in billings.
- Said cybersecurity demand will continue to grow for next several quarters, and PANW will benefit.
- Cyberattacks are scaling and aren’t going away. AI will increase these threats. So the tailwinds for PANW are very strong.
XPEV
- EPS of -0.75 was much better than the -2.06 expected
- Revenue of 6.55B beat estimates of 6.19B. Up 63% YOY, but down 50% QOQ
- Vehicle margin was 5.5%, which was up from 4.1% last quarter, and up form -2.5% last year SO VEHICLE MARGIN IMPROVED
- Vehicle sales came in at 5.54B yuan, up 50% YOY but down 50% QOQ
- Gross margin was 12.9%, up from 1.7% last year and 6.2% last quarter
- SO MARGINS IMPROVED, SALES WERE WORSE THAN LAST QUARTER
- In April saw 9,393 vehicles delivered
- Partnership with Volkswagen group on E/E architecture
- Release of AI powered functions
- GROSS MARGIN IMPROVEMENT DESPITE COMPETITION AND OTHERS CUTTING PRICES WAS A KEY BENEFIT.
NEXT QUARTER GUDIANCE:
- Revenue 7.5-8.3B miss by 15%
- Delivered of 29-32K. Up 30% YOY
MACYS:
- Current quarter:
- ADJ EPS $0.27 vs. $0.56 y/y, EST $0.14. BEAT
- EPS $0.22 vs. $0.56 y/y
- Net sales $4.8B, -3.7% y/y, EST $4.81B. IN LINE
- Gross margin 39.2% vs. 40% y/y, EST 39.6%. MISS
- SG&A expense $1.9B, -2.6% y/y, EST $1.98B. MISS
- GUIDANCE:
- Raised guidance from 2.45-2.85 to 2.55-2.9.
- Raised by 4%
- Beat estimates by 4%, although is a wide guidance
- Sees Net sales at 22.3-22.9B, raising bottom end up slightly from 22.2B.
- More or less in line with guidance.
- Merchandise margins down 100bps due to additional discounting
- Merchandise inventories are well positioned for upcoming summer season
- Credit card revenues down slightly due to higher delinquency rates
- Turnaround plan showing signs of progress as they beat and raise guidance.
LOWES:
- Current quarter:
- EPS of 3.67 beat estimates of 2.95
- Revenue of 21.4B was down YOY by 4%, but beat estimates by 1.3%
- Comparables sales were down 4%
- Reaffirms FY guidance:
- EPS of 12-12.3 vs estimate of 12.19. So miss slightly by 0.4%
- Revenue of 84-85B, basically in line.
- EXPECTS COMPARABLE SALES TO BE DOWN 2-3% vs estimates of 2.43% down.
MAG 7:
- MSFT yesterday, said that Copilot Plus PCs will be based on Qualcomm’s snapdragon X Elite chips, and will offer 15 hours of web browsing and 20 hours of video battery life. MSFT says it’ll outperform MacBook Air.
- On Copilot Plus, Neural processor enables new AI features such as recall for a searchable PC memory.
- MSFT estimates 50 million AI PCs will be sold over the next year. Said its rearchitectured Windows 11 is 58% faster than Apple’s MacBook Air.
- MSFT - restructures Windows 11 for better ARM hardware support and AI integration. Introduces prism emulator, launched to improve compatibility with older x86 and x64 apps. MSFT says Prism emulator is 20% faster than previous versions.
- AAPL - Files law suit to overturn $1.8B EU antitrust fine over App Store rules. AAPL is challenging a 1.8B fine.
- MSFT - OpenAI will be sued by Scarlett Johansson for basically copying her voice against her explicit instruction not to.
- TSLA - Tesla shareholder group still not happy with Elon Musk’s $56B pay package. Urged other investors to reject a $56B pay package.
OTHER COMPANIES:
- XPEV higher on their strong earnings
- MACYS higher on improving picture
- LOW - higher on earnings
- Crypto stocks higher on strong Bitcoin performance
- LRCX 10-1 stock split
- PANW lower on eanrings, seems harsh to me. Other crypto names down in sentiment.
- Chinese stocks lower as Hong Kong MARKET down 1.5% today.
- NOVA - Piper Sandler downgrades Sunnova Energy to neutral from overweight, lowered price target to 4.50 from 9. Analyst had upgraded sun nova in December on expectation of lower rates, but rates have stayed high.
- Li - postpones the launch of its all electric SUVs to the first half of 2025, citing inadequate charging stations and other constraints. CEO emphasised the need for sufficient branded charging stations and more display spots.
- DOWN 4% AGAIN TODAY ON THIS.
- BABA - Alibaba cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%
- BIDU - in response to Alibaba’s move, BIDU made its ENITRE Speed and ENIRE lite models entirely free to use.
- So we are seeing price wars in AI market.
- JPM says that they will not be increasing buybacks of JPM stock at these prices. Will just continue with previously outlined buyback pace.
- Jamie Dimon also hinted at retirement in the speech, hence JPM lower yesterday
- DELL - Citi raises dell price target to 170 from 125. Optimistic they can gain market share more in AI.
- JD - announces a proposed offering of $1.5B in convertible senior notes, due 2029. Will use proceeds to repurchase shares and expand overseas business.
- PTON - plans global refinancing to address debt. Secured nearly $1.4B in new credit facilities.
- ASML and TSM said they have measures in place to remotely disable advanced EUV chip making machines if China was to invade Taiwan.
- QCOM - shares were higher yesterday after Several big companies including Dell and MSFT announced AI laptops using Qualcomm’s snapdragon X elite chip. MSFT says these devices will outperform apple MacBook Air M3.
- ARM - MSFT will announce Arm powered laptops
- WEN - launches a $3 breakfast deal, including small seasoned potatoes, choice of bacon, eggs and cheese or sausage, eggs and cheese muffin. Rivals Mcdonalds $5value meal
- DASH - expanded its partnership with ULTA beauty to offer on demand delivery in under an hour from 1350 stores across all 50 states.
- VFS - US regulators are probing a vin fast VF 8 Crash, that killed 4 in California.
- LLY - secures china approval for diabetes drug, Tirzepatide. Received approval in China for its diabetes drug.
- BA - one killed on Singapore Airlines Boeing 777 due to severe turbulence.
- DIS - Redburn upgrades to neutral from Sell. Price target 100.
- Samsung - appoints new chief for its chip business, amid competition.
OThER NEWS:
- BTC higher to 72K.
- ETH popped 20% yesterday on renewed optimism for ETF, that SEC might green light spot ether ETFs ahead of first deadline later this week.
- Yardeni research sees Dow Jones DJI at 60k and SPX at 8k by 2030
- Mester’s comments yesterday:
- 3 rate cuts this year is no longer appropriate.
- April CPI was good, but too soon to say what path inflation is on. She said she doesnt think about rate cuts in terms of when. We can raise rates but its not base case. That’s bearish, but also unrealistic. I think there’s less risk now that we are too restrictive, and inflation risks are to upside.
- BEARISH COMMENTS FROM MESTER OVERALL
- Jefferson’s Comments yesterday:
- April inflation was encouraging. Labour market coming into better balance. Inflation decline isn’t as fast as we had liked. Policy is restrictive. - NEUTRAL comments, I’d say.
- Following these comments, Bank of America said that whilst the bar for rate hikes is still v high, rate cuts are still far off. Said Services inflation still running way above target.
- Bank of America believes markets got excited at the print, said markets pricing 50bps of cuts are likely to get disappointed.
- Did push back on stagflation narrative.
- SPACEX Q1 launch report shows that SpaceX is now launching 87% of all payload to orbit, a new record high.
- New Yorkers on average earned $89K last year, meaning that without spending more than 30% of annual income on rent, they can afford $2,216 on housing. That’s only enough to afford 4.4% of rentals.
- Marko Kolanovic held his bearish outlook on stocks, urging clients not to buy. So not all bears are capitulating.
- Fidelity ethereal fund says that the trust’s Ether will not be staked.
- IMF official expects next stage for BOE is to ease rates, says UK monetary policy is at inflection point. Actions by UK authorities are paying off.
- Said BoE should cut rates by 50-75bps in 2024.
- Upgraded UK growth forecast to 0.7% this year from 0.5% previously
- Dubai Airport expects record passenger traffic this year, set to top 100M by 2027.
For more of my content, please join
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TearRepresentative56 to
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2024.05.21 14:10 TearRepresentative56 I'm a full time trader and this is everything I'm watching and analysing in premarket, including full earnings summary and all the news driving the market today
DATA LEDE:
- RBA minutes - Australia
- Said they will try not to excessively fine tune policy
- Future changes to cash rate are difficult to rule in or out
- CPI short term variation can be easily and reasonably overlooked
- Recent data does point to slightly increased inflation risks
- NEUTRAL/HAWKISH overall
- Australia consumer confidence numbers drop 0.3% MOM
- German PPI came 0.2% MOM vs 0.2% expected, in line with last months reading.
- YOY came in at -3.3% slightly below expected value of -3.2%. Came in light which is good for German inflation picture.
- Yellen Speech - no real meaningful comments
- EU balance of trade numbers hit a new yearly high. Points to improving world demand environment.
- Fed speakers include:
- Barkin, Waller, Williams, Bostic, Barr
- BoE’s Bailey to speak too
MARKETS:
- SPX: Maintained above 5300, now trading at 5311. Yesterday, touched 5325, before moving lower again. DJI: Trading at 39,813, just below 40k. Opened yesterday above 40k but moved lower on JPM weakness.
- Nasdaq: trading flat at 18,665. Support will now be at around 18,350.
- Ger40: Slightly lower today, at 18,600. Some slight profit taking near the highs.
- HKG50: Moving lower again for 2nd day in a row. Now at 19,240. Yesterday, was at 19,750 at one point. So down 2.7% across yesterday and today.
- Oil - hit 80 yesterday on WTI but was rejected off there. Lower today to 78, down by 1.5%. Back to range bound.
- Gold: Trading at 2418, Support at 2400.
- VIX: After getting crushed to 12 yesterday, bounced up off of there, now higher.
FX:
- DXY moving flat today and yesterday, around 104.5
- Had fallen to 100d moving average after CPI then moved higher, bouncing from there.
- EURUSD positioning still bullish, flat, slightly higher at 1.087
- GBPUSD moving higher again, trading at 1.272
- AUDUSD at 0.667,
- Has broken out of the long term downtrend.
EARNINGS:
- PANW Current Quarter:
- Revenues of 1.985B beat by 0.8%. Revenues rose 15% YOY
- Products revenue beat by 1.2%
- Subscriptions and support revenue beat by 0.3%
- EPS of 1.32 Beat expectations of 1.25 - beat by 5.6%
- Operating income was 508M, beat by 3.5%
- Operating margin was 25.6% , beat by 69 bps
- Billings came more or less in line
- Deferred revenue basically in line, slight miss.
- NEXT QUARTER GUIDANCE:
- EPS of 1.41 v slightly missed expectations of 1.42
- Revenue came in line with consensus at 2.16B
- Billings guidance beat consensus v slightly.
- FULL YEAR GUIDANCE:
- EPS of 5.56-5.58 beat estimates of 5.51
- Revenue of 8B beat estimates of 7.98B
- Billings of 10.15.5B was up 10-11% YoY
- CEO Nikesh Arora: Enthusiastic response to pjatformization and AI infused security outcomes.
- In conference call said that billings isn’t the only important measure, hence investors should overlook the slight softness in billings.
- Said cybersecurity demand will continue to grow for next several quarters, and PANW will benefit.
- Cyberattacks are scaling and aren’t going away. AI will increase these threats. So the tailwinds for PANW are very strong.
XPEV
- EPS of -0.75 was much better than the -2.06 expected
- Revenue of 6.55B beat estimates of 6.19B. Up 63% YOY, but down 50% QOQ
- Vehicle margin was 5.5%, which was up from 4.1% last quarter, and up form -2.5% last year SO VEHICLE MARGIN IMPROVED
- Vehicle sales came in at 5.54B yuan, up 50% YOY but down 50% QOQ
- Gross margin was 12.9%, up from 1.7% last year and 6.2% last quarter
- SO MARGINS IMPROVED, SALES WERE WORSE THAN LAST QUARTER
- In April saw 9,393 vehicles delivered
- Partnership with Volkswagen group on E/E architecture
- Release of AI powered functions
- GROSS MARGIN IMPROVEMENT DESPITE COMPETITION AND OTHERS CUTTING PRICES WAS A KEY BENEFIT.
NEXT QUARTER GUDIANCE:
- Revenue 7.5-8.3B miss by 15%
- Delivered of 29-32K. Up 30% YOY
MACYS:
- Current quarter:
- ADJ EPS $0.27 vs. $0.56 y/y, EST $0.14. BEAT
- EPS $0.22 vs. $0.56 y/y
- Net sales $4.8B, -3.7% y/y, EST $4.81B. IN LINE
- Gross margin 39.2% vs. 40% y/y, EST 39.6%. MISS
- SG&A expense $1.9B, -2.6% y/y, EST $1.98B. MISS
- GUIDANCE:
- Raised guidance from 2.45-2.85 to 2.55-2.9.
- Raised by 4%
- Beat estimates by 4%, although is a wide guidance
- Sees Net sales at 22.3-22.9B, raising bottom end up slightly from 22.2B.
- More or less in line with guidance.
- Merchandise margins down 100bps due to additional discounting
- Merchandise inventories are well positioned for upcoming summer season
- Credit card revenues down slightly due to higher delinquency rates
- Turnaround plan showing signs of progress as they beat and raise guidance.
LOWES:
- Current quarter:
- EPS of 3.67 beat estimates of 2.95
- Revenue of 21.4B was down YOY by 4%, but beat estimates by 1.3%
- Comparables sales were down 4%
- Reaffirms FY guidance:
- EPS of 12-12.3 vs estimate of 12.19. So miss slightly by 0.4%
- Revenue of 84-85B, basically in line.
- EXPECTS COMPARABLE SALES TO BE DOWN 2-3% vs estimates of 2.43% down.
MAG 7:
- MSFT yesterday, said that Copilot Plus PCs will be based on Qualcomm’s snapdragon X Elite chips, and will offer 15 hours of web browsing and 20 hours of video battery life. MSFT says it’ll outperform MacBook Air.
- On Copilot Plus, Neural processor enables new AI features such as recall for a searchable PC memory.
- MSFT estimates 50 million AI PCs will be sold over the next year. Said its rearchitectured Windows 11 is 58% faster than Apple’s MacBook Air.
- MSFT - restructures Windows 11 for better ARM hardware support and AI integration. Introduces prism emulator, launched to improve compatibility with older x86 and x64 apps. MSFT says Prism emulator is 20% faster than previous versions.
- AAPL - Files law suit to overturn $1.8B EU antitrust fine over App Store rules. AAPL is challenging a 1.8B fine.
- MSFT - OpenAI will be sued by Scarlett Johansson for basically copying her voice against her explicit instruction not to.
- TSLA - Tesla shareholder group still not happy with Elon Musk’s $56B pay package. Urged other investors to reject a $56B pay package.
OTHER COMPANIES:
- XPEV higher on their strong earnings
- MACYS higher on improving picture
- LOW - higher on earnings
- Crypto stocks higher on strong Bitcoin performance
- LRCX 10-1 stock split
- PANW lower on eanrings, seems harsh to me. Other crypto names down in sentiment.
- Chinese stocks lower as Hong Kong MARKET down 1.5% today.
- NOVA - Piper Sandler downgrades Sunnova Energy to neutral from overweight, lowered price target to 4.50 from 9. Analyst had upgraded sun nova in December on expectation of lower rates, but rates have stayed high.
- Li - postpones the launch of its all electric SUVs to the first half of 2025, citing inadequate charging stations and other constraints. CEO emphasised the need for sufficient branded charging stations and more display spots.
- DOWN 4% AGAIN TODAY ON THIS.
- BABA - Alibaba cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%
- BIDU - in response to Alibaba’s move, BIDU made its ENITRE Speed and ENIRE lite models entirely free to use.
- So we are seeing price wars in AI market.
- JPM says that they will not be increasing buybacks of JPM stock at these prices. Will just continue with previously outlined buyback pace.
- Jamie Dimon also hinted at retirement in the speech, hence JPM lower yesterday
- DELL - Citi raises dell price target to 170 from 125. Optimistic they can gain market share more in AI.
- JD - announces a proposed offering of $1.5B in convertible senior notes, due 2029. Will use proceeds to repurchase shares and expand overseas business.
- PTON - plans global refinancing to address debt. Secured nearly $1.4B in new credit facilities.
- ASML and TSM said they have measures in place to remotely disable advanced EUV chip making machines if China was to invade Taiwan.
- QCOM - shares were higher yesterday after Several big companies including Dell and MSFT announced AI laptops using Qualcomm’s snapdragon X elite chip. MSFT says these devices will outperform apple MacBook Air M3.
- ARM - MSFT will announce Arm powered laptops
- WEN - launches a $3 breakfast deal, including small seasoned potatoes, choice of bacon, eggs and cheese or sausage, eggs and cheese muffin. Rivals Mcdonalds $5value meal
- DASH - expanded its partnership with ULTA beauty to offer on demand delivery in under an hour from 1350 stores across all 50 states.
- VFS - US regulators are probing a vin fast VF 8 Crash, that killed 4 in California.
- LLY - secures china approval for diabetes drug, Tirzepatide. Received approval in China for its diabetes drug.
- BA - one killed on Singapore Airlines Boeing 777 due to severe turbulence.
- DIS - Redburn upgrades to neutral from Sell. Price target 100.
- Samsung - appoints new chief for its chip business, amid competition.
OThER NEWS:
- BTC higher to 72K.
- ETH popped 20% yesterday on renewed optimism for ETF, that SEC might green light spot ether ETFs ahead of first deadline later this week.
- Yardeni research sees Dow Jones DJI at 60k and SPX at 8k by 2030
- Mester’s comments yesterday:
- 3 rate cuts this year is no longer appropriate.
- April CPI was good, but too soon to say what path inflation is on. She said she doesnt think about rate cuts in terms of when. We can raise rates but its not base case. That’s bearish, but also unrealistic. I think there’s less risk now that we are too restrictive, and inflation risks are to upside.
- BEARISH COMMENTS FROM MESTER OVERALL
- Jefferson’s Comments yesterday:
- April inflation was encouraging. Labour market coming into better balance. Inflation decline isn’t as fast as we had liked. Policy is restrictive. - NEUTRAL comments, I’d say.
- Following these comments, Bank of America said that whilst the bar for rate hikes is still v high, rate cuts are still far off. Said Services inflation still running way above target.
- Bank of America believes markets got excited at the print, said markets pricing 50bps of cuts are likely to get disappointed.
- Did push back on stagflation narrative.
- SPACEX Q1 launch report shows that SpaceX is now launching 87% of all payload to orbit, a new record high.
- New Yorkers on average earned $89K last year, meaning that without spending more than 30% of annual income on rent, they can afford $2,216 on housing. That’s only enough to afford 4.4% of rentals.
- Marko Kolanovic held his bearish outlook on stocks, urging clients not to buy. So not all bears are capitulating.
- Fidelity ethereal fund says that the trust’s Ether will not be staked.
- IMF official expects next stage for BOE is to ease rates, says UK monetary policy is at inflection point. Actions by UK authorities are paying off.
- Said BoE should cut rates by 50-75bps in 2024.
- Upgraded UK growth forecast to 0.7% this year from 0.5% previously
- Dubai Airport expects record passenger traffic this year, set to top 100M by 2027.
submitted by
TearRepresentative56 to
Daytrading [link] [comments]
2024.05.21 14:07 TearRepresentative56 I'm a full time trader and this is everything I'm watching and analysing in premarket 21/05 including all the news driving the market.
ANALYSIS section will be posted separately on my sub
Tradingedge DATA LEDE:
- RBA minutes - Australia
- Said they will try not to excessively fine tune policy
- Future changes to cash rate are difficult to rule in or out
- CPI short term variation can be easily and reasonably overlooked
- Recent data does point to slightly increased inflation risks
- NEUTRAL/HAWKISH overall
- Australia consumer confidence numbers drop 0.3% MOM
- German PPI came 0.2% MOM vs 0.2% expected, in line with last months reading.
- YOY came in at -3.3% slightly below expected value of -3.2%. Came in light which is good for German inflation picture.
- Yellen Speech - no real meaningful comments
- EU balance of trade numbers hit a new yearly high. Points to improving world demand environment.
- Fed speakers include:
- Barkin, Waller, Williams, Bostic, Barr
- BoE’s Bailey to speak too
MARKETS:
- SPX: Maintained above 5300, now trading at 5311. Yesterday, touched 5325, before moving lower again. DJI: Trading at 39,813, just below 40k. Opened yesterday above 40k but moved lower on JPM weakness.
- Nasdaq: trading flat at 18,665. Support will now be at around 18,350.
- Ger40: Slightly lower today, at 18,600. Some slight profit taking near the highs.
- HKG50: Moving lower again for 2nd day in a row. Now at 19,240. Yesterday, was at 19,750 at one point. So down 2.7% across yesterday and today.
- Oil - hit 80 yesterday on WTI but was rejected off there. Lower today to 78, down by 1.5%. Back to range bound.
- Gold: Trading at 2418, Support at 2400.
- VIX: After getting crushed to 12 yesterday, bounced up off of there, now higher.
FX:
- DXY moving flat today and yesterday, around 104.5
- Had fallen to 100d moving average after CPI then moved higher, bouncing from there.
- EURUSD positioning still bullish, flat, slightly higher at 1.087
- GBPUSD moving higher again, trading at 1.272
- AUDUSD at 0.667,
- Has broken out of the long term downtrend.
EARNINGS:
- PANW Current Quarter:
- Revenues of 1.985B beat by 0.8%. Revenues rose 15% YOY
- Products revenue beat by 1.2%
- Subscriptions and support revenue beat by 0.3%
- EPS of 1.32 Beat expectations of 1.25 - beat by 5.6%
- Operating income was 508M, beat by 3.5%
- Operating margin was 25.6% , beat by 69 bps
- Billings came more or less in line
- Deferred revenue basically in line, slight miss.
- NEXT QUARTER GUIDANCE:
- EPS of 1.41 v slightly missed expectations of 1.42
- Revenue came in line with consensus at 2.16B
- Billings guidance beat consensus v slightly.
- FULL YEAR GUIDANCE:
- EPS of 5.56-5.58 beat estimates of 5.51
- Revenue of 8B beat estimates of 7.98B
- Billings of 10.15.5B was up 10-11% YoY
- CEO Nikesh Arora: Enthusiastic response to pjatformization and AI infused security outcomes.
- In conference call said that billings isn’t the only important measure, hence investors should overlook the slight softness in billings.
- Said cybersecurity demand will continue to grow for next several quarters, and PANW will benefit.
- Cyberattacks are scaling and aren’t going away. AI will increase these threats. So the tailwinds for PANW are very strong.
XPEV
- EPS of -0.75 was much better than the -2.06 expected
- Revenue of 6.55B beat estimates of 6.19B. Up 63% YOY, but down 50% QOQ
- Vehicle margin was 5.5%, which was up from 4.1% last quarter, and up form -2.5% last year SO VEHICLE MARGIN IMPROVED
- Vehicle sales came in at 5.54B yuan, up 50% YOY but down 50% QOQ
- Gross margin was 12.9%, up from 1.7% last year and 6.2% last quarter
- SO MARGINS IMPROVED, SALES WERE WORSE THAN LAST QUARTER
- In April saw 9,393 vehicles delivered
- Partnership with Volkswagen group on E/E architecture
- Release of AI powered functions
- GROSS MARGIN IMPROVEMENT DESPITE COMPETITION AND OTHERS CUTTING PRICES WAS A KEY BENEFIT.
NEXT QUARTER GUDIANCE:
- Revenue 7.5-8.3B miss by 15%
- Delivered of 29-32K. Up 30% YOY
MACYS:
- Current quarter:
- ADJ EPS $0.27 vs. $0.56 y/y, EST $0.14. BEAT
- EPS $0.22 vs. $0.56 y/y
- Net sales $4.8B, -3.7% y/y, EST $4.81B. IN LINE
- Gross margin 39.2% vs. 40% y/y, EST 39.6%. MISS
- SG&A expense $1.9B, -2.6% y/y, EST $1.98B. MISS
- GUIDANCE:
- Raised guidance from 2.45-2.85 to 2.55-2.9.
- Raised by 4%
- Beat estimates by 4%, although is a wide guidance
- Sees Net sales at 22.3-22.9B, raising bottom end up slightly from 22.2B.
- More or less in line with guidance.
- Merchandise margins down 100bps due to additional discounting
- Merchandise inventories are well positioned for upcoming summer season
- Credit card revenues down slightly due to higher delinquency rates
- Turnaround plan showing signs of progress as they beat and raise guidance.
LOWES:
- Current quarter:
- EPS of 3.67 beat estimates of 2.95
- Revenue of 21.4B was down YOY by 4%, but beat estimates by 1.3%
- Comparables sales were down 4%
- Reaffirms FY guidance:
- EPS of 12-12.3 vs estimate of 12.19. So miss slightly by 0.4%
- Revenue of 84-85B, basically in line.
- EXPECTS COMPARABLE SALES TO BE DOWN 2-3% vs estimates of 2.43% down.
MAG 7:
- MSFT yesterday, said that Copilot Plus PCs will be based on Qualcomm’s snapdragon X Elite chips, and will offer 15 hours of web browsing and 20 hours of video battery life. MSFT says it’ll outperform MacBook Air.
- On Copilot Plus, Neural processor enables new AI features such as recall for a searchable PC memory.
- MSFT estimates 50 million AI PCs will be sold over the next year. Said its rearchitectured Windows 11 is 58% faster than Apple’s MacBook Air.
- MSFT - restructures Windows 11 for better ARM hardware support and AI integration. Introduces prism emulator, launched to improve compatibility with older x86 and x64 apps. MSFT says Prism emulator is 20% faster than previous versions.
- AAPL - Files law suit to overturn $1.8B EU antitrust fine over App Store rules. AAPL is challenging a 1.8B fine.
- MSFT - OpenAI will be sued by Scarlett Johansson for basically copying her voice against her explicit instruction not to.
- TSLA - Tesla shareholder group still not happy with Elon Musk’s $56B pay package. Urged other investors to reject a $56B pay package.
OTHER COMPANIES:
- XPEV higher on their strong earnings
- MACYS higher on improving picture
- LOW - higher on earnings
- Crypto stocks higher on strong Bitcoin performance
- LRCX 10-1 stock split
- PANW lower on eanrings, seems harsh to me. Other crypto names down in sentiment.
- Chinese stocks lower as Hong Kong MARKET down 1.5% today.
- NOVA - Piper Sandler downgrades Sunnova Energy to neutral from overweight, lowered price target to 4.50 from 9. Analyst had upgraded sun nova in December on expectation of lower rates, but rates have stayed high.
- Li - postpones the launch of its all electric SUVs to the first half of 2025, citing inadequate charging stations and other constraints. CEO emphasised the need for sufficient branded charging stations and more display spots.
- DOWN 4% AGAIN TODAY ON THIS.
- BABA - Alibaba cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%
- BIDU - in response to Alibaba’s move, BIDU made its ENITRE Speed and ENIRE lite models entirely free to use.
- So we are seeing price wars in AI market.
- JPM says that they will not be increasing buybacks of JPM stock at these prices. Will just continue with previously outlined buyback pace.
- Jamie Dimon also hinted at retirement in the speech, hence JPM lower yesterday
- DELL - Citi raises dell price target to 170 from 125. Optimistic they can gain market share more in AI.
- JD - announces a proposed offering of $1.5B in convertible senior notes, due 2029. Will use proceeds to repurchase shares and expand overseas business.
- PTON - plans global refinancing to address debt. Secured nearly $1.4B in new credit facilities.
- ASML and TSM said they have measures in place to remotely disable advanced EUV chip making machines if China was to invade Taiwan.
- QCOM - shares were higher yesterday after Several big companies including Dell and MSFT announced AI laptops using Qualcomm’s snapdragon X elite chip. MSFT says these devices will outperform apple MacBook Air M3.
- ARM - MSFT will announce Arm powered laptops
- WEN - launches a $3 breakfast deal, including small seasoned potatoes, choice of bacon, eggs and cheese or sausage, eggs and cheese muffin. Rivals Mcdonalds $5value meal
- DASH - expanded its partnership with ULTA beauty to offer on demand delivery in under an hour from 1350 stores across all 50 states.
- VFS - US regulators are probing a vin fast VF 8 Crash, that killed 4 in California.
- LLY - secures china approval for diabetes drug, Tirzepatide. Received approval in China for its diabetes drug.
- BA - one killed on Singapore Airlines Boeing 777 due to severe turbulence.
- DIS - Redburn upgrades to neutral from Sell. Price target 100.
- Samsung - appoints new chief for its chip business, amid competition.
OThER NEWS:
- BTC higher to 72K.
- ETH popped 20% yesterday on renewed optimism for ETF, that SEC might green light spot ether ETFs ahead of first deadline later this week.
- Yardeni research sees Dow Jones DJI at 60k and SPX at 8k by 2030
- Mester’s comments yesterday:
- 3 rate cuts this year is no longer appropriate.
- April CPI was good, but too soon to say what path inflation is on. She said she doesnt think about rate cuts in terms of when. We can raise rates but its not base case. That’s bearish, but also unrealistic. I think there’s less risk now that we are too restrictive, and inflation risks are to upside.
- BEARISH COMMENTS FROM MESTER OVERALL
- Jefferson’s Comments yesterday:
- April inflation was encouraging. Labour market coming into better balance. Inflation decline isn’t as fast as we had liked. Policy is restrictive. - NEUTRAL comments, I’d say.
- Following these comments, Bank of America said that whilst the bar for rate hikes is still v high, rate cuts are still far off. Said Services inflation still running way above target.
- Bank of America believes markets got excited at the print, said markets pricing 50bps of cuts are likely to get disappointed.
- Did push back on stagflation narrative.
- SPACEX Q1 launch report shows that SpaceX is now launching 87% of all payload to orbit, a new record high.
- New Yorkers on average earned $89K last year, meaning that without spending more than 30% of annual income on rent, they can afford $2,216 on housing. That’s only enough to afford 4.4% of rentals.
- Marko Kolanovic held his bearish outlook on stocks, urging clients not to buy. So not all bears are capitulating.
- Fidelity ethereal fund says that the trust’s Ether will not be staked.
- IMF official expects next stage for BOE is to ease rates, says UK monetary policy is at inflection point. Actions by UK authorities are paying off.
- Said BoE should cut rates by 50-75bps in 2024.
- Upgraded UK growth forecast to 0.7% this year from 0.5% previously
- Dubai Airport expects record passenger traffic this year, set to top 100M by 2027.
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2024.05.21 14:06 TearRepresentative56 Everything I'm watching and analysing in premarket 21/05, including detailed earnings breakdown and all the news driving the market.
ANALYSIS section will be posted separately on my sub
Tradingedge DATA LEDE:
- RBA minutes - Australia
- Said they will try not to excessively fine tune policy
- Future changes to cash rate are difficult to rule in or out
- CPI short term variation can be easily and reasonably overlooked
- Recent data does point to slightly increased inflation risks
- NEUTRAL/HAWKISH overall
- Australia consumer confidence numbers drop 0.3% MOM
- German PPI came 0.2% MOM vs 0.2% expected, in line with last months reading.
- YOY came in at -3.3% slightly below expected value of -3.2%. Came in light which is good for German inflation picture.
- Yellen Speech - no real meaningful comments
- EU balance of trade numbers hit a new yearly high. Points to improving world demand environment.
- Fed speakers include:
- Barkin, Waller, Williams, Bostic, Barr
- BoE’s Bailey to speak too
MARKETS:
- SPX: Maintained above 5300, now trading at 5311. Yesterday, touched 5325, before moving lower again. DJI: Trading at 39,813, just below 40k. Opened yesterday above 40k but moved lower on JPM weakness.
- Nasdaq: trading flat at 18,665. Support will now be at around 18,350.
- Ger40: Slightly lower today, at 18,600. Some slight profit taking near the highs.
- HKG50: Moving lower again for 2nd day in a row. Now at 19,240. Yesterday, was at 19,750 at one point. So down 2.7% across yesterday and today.
- Oil - hit 80 yesterday on WTI but was rejected off there. Lower today to 78, down by 1.5%. Back to range bound.
- Gold: Trading at 2418, Support at 2400.
- VIX: After getting crushed to 12 yesterday, bounced up off of there, now higher.
FX:
- DXY moving flat today and yesterday, around 104.5
- Had fallen to 100d moving average after CPI then moved higher, bouncing from there.
- EURUSD positioning still bullish, flat, slightly higher at 1.087
- GBPUSD moving higher again, trading at 1.272
- AUDUSD at 0.667,
- Has broken out of the long term downtrend.
EARNINGS:
- PANW Current Quarter:
- Revenues of 1.985B beat by 0.8%. Revenues rose 15% YOY
- Products revenue beat by 1.2%
- Subscriptions and support revenue beat by 0.3%
- EPS of 1.32 Beat expectations of 1.25 - beat by 5.6%
- Operating income was 508M, beat by 3.5%
- Operating margin was 25.6% , beat by 69 bps
- Billings came more or less in line
- Deferred revenue basically in line, slight miss.
- NEXT QUARTER GUIDANCE:
- EPS of 1.41 v slightly missed expectations of 1.42
- Revenue came in line with consensus at 2.16B
- Billings guidance beat consensus v slightly.
- FULL YEAR GUIDANCE:
- EPS of 5.56-5.58 beat estimates of 5.51
- Revenue of 8B beat estimates of 7.98B
- Billings of 10.15.5B was up 10-11% YoY
- CEO Nikesh Arora: Enthusiastic response to pjatformization and AI infused security outcomes.
- In conference call said that billings isn’t the only important measure, hence investors should overlook the slight softness in billings.
- Said cybersecurity demand will continue to grow for next several quarters, and PANW will benefit.
- Cyberattacks are scaling and aren’t going away. AI will increase these threats. So the tailwinds for PANW are very strong.
XPEV
- EPS of -0.75 was much better than the -2.06 expected
- Revenue of 6.55B beat estimates of 6.19B. Up 63% YOY, but down 50% QOQ
- Vehicle margin was 5.5%, which was up from 4.1% last quarter, and up form -2.5% last year SO VEHICLE MARGIN IMPROVED
- Vehicle sales came in at 5.54B yuan, up 50% YOY but down 50% QOQ
- Gross margin was 12.9%, up from 1.7% last year and 6.2% last quarter
- SO MARGINS IMPROVED, SALES WERE WORSE THAN LAST QUARTER
- In April saw 9,393 vehicles delivered
- Partnership with Volkswagen group on E/E architecture
- Release of AI powered functions
- GROSS MARGIN IMPROVEMENT DESPITE COMPETITION AND OTHERS CUTTING PRICES WAS A KEY BENEFIT.
NEXT QUARTER GUDIANCE:
- Revenue 7.5-8.3B miss by 15%
- Delivered of 29-32K. Up 30% YOY
MACYS:
- Current quarter:
- ADJ EPS $0.27 vs. $0.56 y/y, EST $0.14. BEAT
- EPS $0.22 vs. $0.56 y/y
- Net sales $4.8B, -3.7% y/y, EST $4.81B. IN LINE
- Gross margin 39.2% vs. 40% y/y, EST 39.6%. MISS
- SG&A expense $1.9B, -2.6% y/y, EST $1.98B. MISS
- GUIDANCE:
- Raised guidance from 2.45-2.85 to 2.55-2.9.
- Raised by 4%
- Beat estimates by 4%, although is a wide guidance
- Sees Net sales at 22.3-22.9B, raising bottom end up slightly from 22.2B.
- More or less in line with guidance.
- Merchandise margins down 100bps due to additional discounting
- Merchandise inventories are well positioned for upcoming summer season
- Credit card revenues down slightly due to higher delinquency rates
- Turnaround plan showing signs of progress as they beat and raise guidance.
LOWES:
- Current quarter:
- EPS of 3.67 beat estimates of 2.95
- Revenue of 21.4B was down YOY by 4%, but beat estimates by 1.3%
- Comparables sales were down 4%
- Reaffirms FY guidance:
- EPS of 12-12.3 vs estimate of 12.19. So miss slightly by 0.4%
- Revenue of 84-85B, basically in line.
- EXPECTS COMPARABLE SALES TO BE DOWN 2-3% vs estimates of 2.43% down.
MAG 7:
- MSFT yesterday, said that Copilot Plus PCs will be based on Qualcomm’s snapdragon X Elite chips, and will offer 15 hours of web browsing and 20 hours of video battery life. MSFT says it’ll outperform MacBook Air.
- On Copilot Plus, Neural processor enables new AI features such as recall for a searchable PC memory.
- MSFT estimates 50 million AI PCs will be sold over the next year. Said its rearchitectured Windows 11 is 58% faster than Apple’s MacBook Air.
- MSFT - restructures Windows 11 for better ARM hardware support and AI integration. Introduces prism emulator, launched to improve compatibility with older x86 and x64 apps. MSFT says Prism emulator is 20% faster than previous versions.
- AAPL - Files law suit to overturn $1.8B EU antitrust fine over App Store rules. AAPL is challenging a 1.8B fine.
- MSFT - OpenAI will be sued by Scarlett Johansson for basically copying her voice against her explicit instruction not to.
- TSLA - Tesla shareholder group still not happy with Elon Musk’s $56B pay package. Urged other investors to reject a $56B pay package.
OTHER COMPANIES:
- XPEV higher on their strong earnings
- MACYS higher on improving picture
- LOW - higher on earnings
- Crypto stocks higher on strong Bitcoin performance
- LRCX 10-1 stock split
- PANW lower on eanrings, seems harsh to me. Other crypto names down in sentiment.
- Chinese stocks lower as Hong Kong MARKET down 1.5% today.
- NOVA - Piper Sandler downgrades Sunnova Energy to neutral from overweight, lowered price target to 4.50 from 9. Analyst had upgraded sun nova in December on expectation of lower rates, but rates have stayed high.
- Li - postpones the launch of its all electric SUVs to the first half of 2025, citing inadequate charging stations and other constraints. CEO emphasised the need for sufficient branded charging stations and more display spots.
- DOWN 4% AGAIN TODAY ON THIS.
- BABA - Alibaba cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%
- BIDU - in response to Alibaba’s move, BIDU made its ENITRE Speed and ENIRE lite models entirely free to use.
- So we are seeing price wars in AI market.
- JPM says that they will not be increasing buybacks of JPM stock at these prices. Will just continue with previously outlined buyback pace.
- Jamie Dimon also hinted at retirement in the speech, hence JPM lower yesterday
- DELL - Citi raises dell price target to 170 from 125. Optimistic they can gain market share more in AI.
- JD - announces a proposed offering of $1.5B in convertible senior notes, due 2029. Will use proceeds to repurchase shares and expand overseas business.
- PTON - plans global refinancing to address debt. Secured nearly $1.4B in new credit facilities.
- ASML and TSM said they have measures in place to remotely disable advanced EUV chip making machines if China was to invade Taiwan.
- QCOM - shares were higher yesterday after Several big companies including Dell and MSFT announced AI laptops using Qualcomm’s snapdragon X elite chip. MSFT says these devices will outperform apple MacBook Air M3.
- ARM - MSFT will announce Arm powered laptops
- WEN - launches a $3 breakfast deal, including small seasoned potatoes, choice of bacon, eggs and cheese or sausage, eggs and cheese muffin. Rivals Mcdonalds $5value meal
- DASH - expanded its partnership with ULTA beauty to offer on demand delivery in under an hour from 1350 stores across all 50 states.
- VFS - US regulators are probing a vin fast VF 8 Crash, that killed 4 in California.
- LLY - secures china approval for diabetes drug, Tirzepatide. Received approval in China for its diabetes drug.
- BA - one killed on Singapore Airlines Boeing 777 due to severe turbulence.
- DIS - Redburn upgrades to neutral from Sell. Price target 100.
- Samsung - appoints new chief for its chip business, amid competition.
OThER NEWS:
- BTC higher to 72K.
- ETH popped 20% yesterday on renewed optimism for ETF, that SEC might green light spot ether ETFs ahead of first deadline later this week.
- Yardeni research sees Dow Jones DJI at 60k and SPX at 8k by 2030
- Mester’s comments yesterday:
- 3 rate cuts this year is no longer appropriate.
- April CPI was good, but too soon to say what path inflation is on. She said she doesnt think about rate cuts in terms of when. We can raise rates but its not base case. That’s bearish, but also unrealistic. I think there’s less risk now that we are too restrictive, and inflation risks are to upside.
- BEARISH COMMENTS FROM MESTER OVERALL
- Jefferson’s Comments yesterday:
- April inflation was encouraging. Labour market coming into better balance. Inflation decline isn’t as fast as we had liked. Policy is restrictive. - NEUTRAL comments, I’d say.
- Following these comments, Bank of America said that whilst the bar for rate hikes is still v high, rate cuts are still far off. Said Services inflation still running way above target.
- Bank of America believes markets got excited at the print, said markets pricing 50bps of cuts are likely to get disappointed.
- Did push back on stagflation narrative.
- SPACEX Q1 launch report shows that SpaceX is now launching 87% of all payload to orbit, a new record high.
- New Yorkers on average earned $89K last year, meaning that without spending more than 30% of annual income on rent, they can afford $2,216 on housing. That’s only enough to afford 4.4% of rentals.
- Marko Kolanovic held his bearish outlook on stocks, urging clients not to buy. So not all bears are capitulating.
- Fidelity ethereal fund says that the trust’s Ether will not be staked.
- IMF official expects next stage for BOE is to ease rates, says UK monetary policy is at inflection point. Actions by UK authorities are paying off.
- Said BoE should cut rates by 50-75bps in 2024.
- Upgraded UK growth forecast to 0.7% this year from 0.5% previously
- Dubai Airport expects record passenger traffic this year, set to top 100M by 2027.
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2024.05.21 10:38 FuturoInfo Cube-eye 3D Depth TOF Camera
| https://preview.redd.it/2uqnt47krq1d1.jpg?width=496&format=pjpg&auto=webp&s=788b01dfcaf146b31026b37896be6b3d383e0f5d Cube-eye is a 3D depth camera manufactured by Meerecompany, a South Korean company. It uses time-of-flight (ToF) technology to capture depth data. Here's how ToF cameras work: Ø The camera emits a light source, typically a laser. Ø The light bounces off objects in the scene and returns to the camera. Ø The camera measures the time it takes for the light to make the round trip. Ø Based on the time it takes for the light to travel, the camera can calculate the distance to each object in the scene. This 3d depth data can be used for a variety of applications, including: Ø Volume measurement Ø Collision avoidance Ø Action recognition Ø Object detection Ø Gesture recognition Ø People detection. Cube-eye Key Features: Ø High accuracy: Cube-eye can measure distances with millimeter-level precision, making it ideal for applications that require precise depth information, such as robotics, augmented reality, and industrial automation. Ø Wide field of view: The camera has a wide field of view, allowing it to capture a large area in one shot. This is useful for applications where you need to track objects or movements over a larger area. Ø Compact and lightweight: The camera is compact and lightweight, making it easy to integrate into various devices and applications. Ø Multiple models: meerecompany offers several Cube-eye models with different resolutions, frame rates, and field of view options to suit different needs. If you are looking for 3D depth cameras, you can find them at Cube-eye. Click here to contact Cube-eye. View more: Cube-eye 3D Depth TOF Camera ※meerecompany is scheduled to participate in COMMUNICASIA 2024 at May 2024. Check below for more details. submitted by FuturoInfo to u/FuturoInfo [link] [comments] |
2024.05.21 09:58 Itchy-Initial-8749 Customers favor using their homemade masala over other brands
| Home masala Read the whole answer for your query!! Nepal returns to locally manufactured spices after fear of ethylene oxide. Consumers also prefer to use the home-made masala rather than others. Nepal's Department of Food Technology and Quality Control has already outlawed the import, sale, and consumption of two Indian spice brands: MDH and Everest after finding carcinogenic agent called Ethylene oxide . This move comes after Singapore and Hong Kong both imposed similar bans. The Indian government has made it clear that ethylene oxide may not be permitted. How Ethylene oxide is related to health ? Its excess in spices causes the risk of breast cancer and also damages DNA, the brain and the nervous system. Even exposure to ethylene oxide can cause irritation to the eyes, skin, and respiratory tract. Brand masala Rules relating to health and safety: European Union have imposed stringent guidelines and upper limits on residue levels for EO products and its principal metabolite, 2-chloroethanol, in several food and agricultural commodities range from 0.02 to 0.1 mg/kg . Ethylene oxide is "presumed to have carcinogenic potential for humans," as per the Merck Life Science UK 2020 Safety Data Sheet submitted to the European Chemicals Agency. The International Agency for Research on Cancer (IARC) ranked ethylene oxide in Group 1. Lethal dose or concentration( LC 50) of Ethylene Oxide: - 836 ppm (mouse, 4 hr)
- 4000 ppm (rat, 4 hr)
- 800 ppm (rat, 4 hr)
- 819 ppm (guinea pig, 4hr)
- 1460 ppm (rat, 4 hr)
- 835 ppm (mouse, 4 hr)
- 960 ppm (dog, 4 hr)
What type of masala would you prefer, home made or Brand masala? Leave the comment below! submitted by Itchy-Initial-8749 to u/Itchy-Initial-8749 [link] [comments] |
2024.05.21 07:52 Honor_post Spices Board of India Steps Up Compliance Inspections at MDH and Everest Plants
| In an effort to ensure that Indian spice exports meet international standards, the Spices Board of India is conducting inspections at MDH and Everest processing plants. These inspections aim to address compliance issues and improve the safety and quality of spices being exported, particularly following recent concerns about pesticide residues. Officials also pointed out that every country arrives at a different residue level as it depends on the dietary choices. Recent Concerns Over Ethylene Oxide (EtO) The move comes after health authorities in Hong Kong and Singapore raised alarms about ethylene oxide (EtO) levels in spices from MDH and Everest. On April 5, Hong Kong advised against consuming four specific products from these brands due to EtO contamination. Shortly after, on April 18, the Singapore Food Agency (SFA) recalled Everest’s fish curry masala for similar reasons, deeming the EtO levels “not fit for human consumption.” International Standards and Compliance The Commerce and Industry Ministry provided data on Maximum Residue Levels (MRL) for EtO, highlighting significant variations across countries: - Singapore: 50 mg/kg
- European Union: 0.02 to 0.01 mg/kg
- Japan: 0.01 mg/kg
- United States and Canada: 7 mg/kg
- Hong Kong: EtO is completely banned in food products
Despite these strict standards, the ministry noted that 99.8% of India’s spice exports in 2023–24 met international quality requirements, with only 0.2% of consignments being non-compliant. Addressing the Issue with Technology and Best Practices Officials are exploring several measures to prevent future non-compliance, including: - Steam Sterilisation Technology: A method to reduce microbial contamination.
- Supply Chain Tracking: Enhancing traceability to ensure quality control throughout the production process.
Understanding Ethylene Oxide Ethylene oxide is commonly used as a fumigant in the food and pharmaceutical industries. When not properly aerated, it can react with chlorine in food particles, forming 2-Chloroethanol, a potentially harmful substance. However, if correctly managed, EtO does not pose a significant health risk. Global Regulatory Landscape The complexity of global regulations for EtO residue levels is evident. Different countries set their own standards based on dietary habits and health assessments. For example, while the CODEX Alimentarius, under the World Trade Organization (WTO), provides international guidelines, developed nations often impose stricter limits. Evolving Testing Methods Testing methods for EtO vary globally, leading to inconsistencies. During the COVID-19 pandemic, discrepancies in test results, including false positives, highlighted the need for harmonized testing standards. The European Food Safety Authority (EFSA) is still assessing the toxicity of 2-Chloroethanol, further complicating the regulatory landscape. Balancing Regulation and Business Officials stressed that regulatory measures must balance safety with economic impacts. Excessive regulation can increase business costs and hinder trade. Consequently, India focuses its stringent regulations on major export markets like the EU. India’s Spice Export Landscape India’s spice exports reached $4.25 billion in 2023–24, up from $3.7 billion in the previous year, holding a 12% share of the global spice market. Major exported spices include: - Chilli Powder: $1.3 billion
- Cumin: $550 million
- Turmeric: $220 million
- Cardamom: $130 million
- Mixed Spices: $110 million
- Spice Oils and Oleoresins: $1 billion
Conclusion The Spices Board of India’s proactive inspections at MDH and Everest plants signify a strong commitment to maintaining high standards in spice exports. By adopting advanced technologies and improving supply chain practices, India aims to continue its growth in the global spice market while ensuring the safety and quality of its products. submitted by Honor_post to u/Honor_post [link] [comments] |
2024.05.21 07:21 Significant-Notice- Emergent Ventures, 34th cohort
Kaavya Kumar, 16, Singapore, AI safety.
Asher Ellis, Yale, Indonesia studies and Pacific national security.
Sohi Patel and
Teo Dimov, Yale, to work work on medical devices in the cardiovascular field.
Diego Sanchez de la Cruz, Madrid, to translate
his new book on liberalism in Madrid into English.
Michael Ryan, Dublin, to build medical devices to monitor health.
Aden Nurie, 16, Tampa, to build
an app to help people find soccer games.
Robert Davitt, Dublin/SF, starting a company to bring together visiting children with family and farm experiences.
Ulrike Nostitz, Dublin, to build out an Irish space law association.
Onno Eric Blom and
Vinzenz Ziesemer, Netherlands, For
a Dutch progress studies institute and a study on Dutch tech policy.
Katherine He, Yale, project to use LLMs to read and interpret legal codes.
Dan Schulz, San Francisco, podcasting.
Andrew Fang, Stanford, AI and real estate data project.
Ivan Zhang, San Francisco, AI safety.
Samuel Cottrell VI, Bay Area, general career support.
Julian Gough, Berlin/Ireland, book on black holes and the evolutionary theory of the universe.
Sean Jursnick, Denver, architect, website, competition, and Medium essays for single-stair reform to improve building codes.
Julia Willemyns, London, to support studies for improving UK science policy.
Adam Mastroianni, Ann Arbor, to run a Science House.
Jacob Mathew Rintamaki, Stanford, Nanotech. Twitter
here.
Agniv Sarkar, 17, San Francisco, neural nets.
Ukraine tranche:
Maria [Masha] O’Reilly, Kyiv, Instagram videos on Ukraine and its history.
Yanchuk Dmytro, Kyiv, to develop better methods for repairing electric station short circuits.
Yaroslava Okara, Kyiv/Kharkiv/LSE, to study internet communications, general career support.
Julia Lemesh, Boston, to send young Ukrainian talent to elite boarding schools abroad,
Ukraine Global Scholars Foundation.
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Emergent Ventures, 34th cohort appeared first on
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2024.05.21 06:32 Mammoth_Category9952 Do rental returns underperform index returns in Singapore?
I've heard from other FI subreddits that returns from investing in rental properties always underperforms returns from investing in low cost index funds.
I was wondering if there is any data on returns on rental properties in Singapore. Also, is this observation true and valid in Singapore, given the scarcity of land and HDB subsidies?
Thanks.
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2024.05.21 06:13 omegacluster New Music Additions 2024-05-20
Today's additions are:
- We don't suck, we blow! - Chimneys (Tags: hip hop, jazz, rock, beat, beats, fusion, hip-hop, jazz, rock, samples, Hamburg) [JazzLab]
- Haishen - Awaken the Endless Deep (Tags: metal, rock, ambient, post-rock, progressive, Rochester) [Needlejuice]
- Vulvodynia - Entabeni (Tags: ) [Unique Leader]
- Intervals - memory palace (Tags: metal, progressive, rock, independent, instrumental, prog, Toronto) [Independent]
- Oppress. - The Subtle Art of Turning Gold into Shit (Tags: black metal, extreme metal, metal, death metal, United Kingdom) [Independent]
- Clæmus - Mercurial (EP) (Tags: metal, experimental rock, progressive metal, Wellington) [Independent]
- Francisco Domínguez - Arrosa xuriaren artean (Tags: classical, avant garde, contemporary, electronic, Vitoria Gasteiz) [Ensemble Sinkro]
- Markgraf - Hohenbaden (Tags: black metal, heavy metal, metal, Baden Baden) [Independent]
- Demersal - Demersal (Tags: metal, hardcore, metallic hardcore, screamo, Odense) [Independent]
- yaya bey - Ten Fold (Tags: hip hop, hip-hop, r&b, r&b/soul, rap, soul, Brooklyn) [Big Dada]
- Knocked Loose - You Won't Go Before You're Supposed To (Tags: metal, metalcore, beatdown, hardcore, metallic hardcore, numetal, sludge, Louisville) [Pure Noise]
- The Tangent - To Follow Polaris (Tags: rock, yes, genesis, prog, prog rock, progressive, progressive rock, van der graaf generator, London) [InsideOut Music]
- Sidus Atrum - “Розірване Небо (Torn Sky)” (Tags: female fronted metal, metal, atmospheric, blackened death doom, blackened doom, blackened doom metal, death doom metal, doom metal, ukrainian black metal, ukrainian metal, Kyiv) [Independent]
- GOD MOTHER - Sinneseld (Tags: death metal, grindcore, hardcore, metal, power violence, Stockholm) [Independent]
- Bab L' Bluz - Swaken (Tags: blues, psychedelic trance, funk, gnawa, Marrakesh) [Real World]
- Speed Dealer Moms - Birth Control Pill (Tags: electronic, idm, los angeles, analog, breakcore, breaks, experimental electronic, jungle, leftfield, rave, Winnipeg) [Evar]
- EABS - Reflections of Purple Sun (Tags: jazz, jazz fusion, ambient, breakbeat, hip hop, jazz, jazz-funk, poland, spiritual jazz, techno, Wrocław) [Astigmatic]
- Vaticinal Rites - Cascading Memories Of Immortality (Tags: brescia, death metal, italy, metal, Brescia) [Everlasting Spew]
- Thot - Delta (Tags: rock, industrial rock, noise rock, post-metal, post-punk, post-rock, Brussel) [Pelagic]
- Shane Parish - Repertoire (Tags: alternative, fingerpicking, folk guitar, jazz, music, solo guitar, Athens) [Palilalia]
- we broke the weather - Restart Game (Tags: boston, rock, garage prog, jazz fusion, math rock, nu-jazz, post-rock, prog rock, progressive rock, psych rock, stoner rock, Somerville) [Independent]
- Brad Mehldau - After Bach II (Tags: jazz, classical, genius, piano, piano solo, Amsterdam) [Nonesuch]
- Brad Mehldau - Après Fauré (Tags: jazz, classical, genius, piano, piano solo, Amsterdam) [Nonesuch]
- Sonus Umbra - Whiteout Hi Res (24 bit) (Tags: progressive rock, rock, Chicago) [Progrock.com's Essentials]
- Dälek - Negro Necro Nekros (Tags: hip-hop/rap, hip hop, hip-hop, rap, underground, underground hip hop, Union City) [Ipecac]
- Iravu/Mumuksu - Sudra (Tags: atmospheric black metal, black metal, death metal, extreme metal, metal, rabm, ambient, blackened doom, dark ambient, doom metal, red anarchist black metal, Malaysia) [Iravu]
- SVNEATR - Never Return (Tags: atmospheric black metal, black metal, blackened death metal, canadian black metal, metal, progressive black metal, Vancouver) [Prosthetic]
- SYK - eartHFlesh (Tags: metal, black-metal, death-metal, extreme-metal, groove-metal, progressive, Italy) [Season of Mist]
- Yi-Ting Lu - An Unopened Seashell (Tags: bassoon, contemporary classical, guitar, harp, piano, saxophone, New York) [New Focus]
- Dreare - Foregone (Tags: metal, drone, instrumental, post-metal, progressive, synth, Czech Republic) [Independent]
- Sithu Aye - Kindness (Tags: metal, djent, instrumental, progressive metal, Glasgow) [Independent]
- Mountainscape - Iridescent (Tags: blackgaze, metal, instrumental, post-blackmetal, post-metal, post-rock, soundtrack, Reading) [Celestial Diadem]
- Ehtëk - Íncst (Tags: atmospheric black metal, black metal, metal, post black metal) [Independent]
- no funeral records - Gil Cerrone / Letterbombs Split (Tags: australia, finland, kitchener, on, punk, emo, emoviolence, screamo, skramz, Canada) [Independent]
- Eat Your Own Head - The Trawler - EP (Tags: alternative, rock, alternative, grunge, independent music, math rock, math-rock, post-rock, rock, London) [Drongo]
- GNAW THEIR TONGUES - Hagetisse - The fountain of fallen stars (Tags: black metal, drone, experimental, Smallingerland) [Independent]
- Crystalline Thunderbolts Pierce The Sacred Mountain - Shine Like The Suicidal Madness Of The Sacred Amethyst (Tags: black metal, drone, experimental, Smallingerland) [GNAW THEIR TONGUES]
- No Teeth - Decadence In Breeding (Tags: experimental, art rock, experimental rock, garage, noise rock, post-punk, Newcastle Upon Tyne) [Post Post Music]
- JOURS PÂLES - DISSOLUTION (Tags: asphodèle, black metal, blackgaze, emotional black metal, french black metal, jours pâles, ladlo, melancolic metal, France) [Les Acteurs de l'ombre]
- Atavistia - Inane Ducam (I will lead into nothingness) (Tags: black metal, blackened death metal, death metal, melodic metal, metal, brutal metal, epic metal, melodic death metal, Vancouver) [Independent]
- Black Hole Deity - Profane Geometry (Tags: brescia, death metal, italy, metal, tech death metal, brutal death metal, tech death, Brescia) [Everlasting Spew]
- olim - Because (Tags: atmospheric black metal, black metal, blackgaze, metal, post black metal, post-black, Greater Sudbury) [Independent]
- Bleached Cross - Columns of Impenetrable Light (Tags: punk, darkwave, electronic, experimental, post-punk) [Independent]
- Windows96 - Yes Da Da Da (Tags: electronic, chillwave, psychedelic, synthwave, vaporwave, São Paulo) [Independent]
- ELECTROMANCER - Enforcer (Tags: thrash metal, 80s, metal, metalcore, instrumental, metal, progressive metal, synthwave, video game music, Australia) [Paul Wardingham]
- svrm - Прощання (Tags: black metal, metal, Kharkiv) [Independent]
- Chase Elodia - Have, Know, Want (Tags: jazz, indie, jazz, rock, Brooklyn) [Biophilia]
- Paradox Rift - Ensnared (Tags: metal, deathmetal, grindcore, melodic death metal, progressive metal, Cleveland) [Independent]
- MATTHEW SHIPP - THE DATA (Tags: jazz, matthew shipp, avant garde jazz, avant-garde music, free jazz, improvised music. rogueart, jazz piano, new york jazz, piano, Paris) [RogueArt]
- The Rhythm Method - Pastorale (Tags: acoustic, classical, experimental, classical, contemporary classical, experimental, flute, holiday music, new music, post asmr, string quartet, New York) [Independent]
- Katt Rán - SÁLA (Tags: alternative, folk, icelandic, nordic, pagan, viking, Delft) [Svart]
- John O'Gallagher - Beast (Tags: jazz, alto saxophone, free improv, free jazz, "john ogallagher", modern jazz, nu jazz, spiritual jazz, vinyl, whirlwind recordings, Birmingham) [Whirlwind]
- Liturgy - Immortal Life II (Tags: experimental, black metal, Brooklyn) [Independent]
- A Night In Texas - Digital Apocalypse (Tags: ) [Unique Leader]
- Like Moths To Flames - The Cycles Of Trying To Cope (Tags: metal, metalcore, hardcore, Columbus) [UNFD]
- Rendered Helpless - From Nothing Comes All (Tags: death metal, deathcore, doom, metal, progressive, slam, slamming brutal death metal, sludge, Christchurch) [Independent]
- Colin Stetson - The love it took to leave you (Tags: experimental, indie, jazz, instrumental, Montréal) [Envision]
- Cosmic Jaguar - El Era del Jaguar (Tags: death metal, metal, technical metal, technical thrash metal, thrash metal, avant-garde, progressive metal, world music, Zhytomyr) [Independent]
- BALWEZO WESTIJIZ - Tower Of Famine (Tags: black metal, sweden, Kitchener) [Profound Lore]
- Cruce Signatus - Cruce Signatus (Tags: dungeon synth, metal, synthwave & darksynth, Milwaukee) [Independent]
- Gaylord - Baseball Bats and Butterfly Knives (Tags: grind, grindcore, lgbtq, metal, queer, queercore, antifa, black metal, lgbtq, Canada) [Independent]
- Mark Guiliana - MARK (Tags: jazz, rock, electronic, instrumental, jazz and improvised music, Los Angeles) [Edition]
- Summoning The Lich - Under The Reviled Throne (Tags: death metal, metal, thrash metal, St. Louis) [Prosthetic]
- Houle - Ciel Cendre et Misère Noire (Tags: black metal, death metal, melodic black metal, metal, Paris) [Independent]
- Luna Li - When a Thought Grows Wings (Tags: alternative, dreamy, groovy, indie, pop, Los Angeles) [In Real Life]
- The Plot In You - Vol. 2 (Tags: alternative, hardcore, metal, metalcore, post-hardcore, rock, Ohio) [Fearless]
- Drawn from Ichor - Up Into The Wolfs Jaw (Tags: death metal, metal, Sheffield) [Independent]
- TESTO - Marya.Ivan (Tags: idm, world, dub, folklore, jungle, world music, Saint Petersburg) [Independent]
- Anna Gadt, Marta Grzywacz, Natalia Kordiak, Gosia Zagajewska - VOICEACT (Tags: anna gadt, cecil taylor, gosia zagajewska, impro, jazz, marta grzywacz, natalia kordiak, vice, free impro, fsrecords.net, improvisation, music, piano, Warsaw) [Fundacja Słuchaj]
- Pijn - From Low Beams Of Hope (Tags: experimental, rock, ambient, doom, drone, post-metal, post-rock, Manchester) [Floodlit]
- JACK - Split with Chadhel (Tags: rock, grindcore-crossover, hardcore, punk, Hungary) [Independent]
- Milton Nascimento & Esperanza Spalding - Milton + esperanza (Tags: jazz, New York) [Concord Jazz]
- Fake Fruit - Mucho Mistrust (Tags: punk, indie rock, lunchmeat, oakland, post-punk, wobbly, Oakland) [Carpark]
- Fire-Toolz - Breeze (Tags: electronic, idm, alternative rock, cybergrind, electro-industrial, emo, experimental, experimental electronic, fusion, glitch, grindcore, jazz fusion, new age, noise, noisecore, prog, Chicago) [Independent]
- Oxygen Destroyer - Guardian of the Universe (Tags: angelcorpse, metal, morbid angel, death metal, death thrash, death thrash metal, demolition hammer, kreator, morbid saint, vader, Seattle) [Redefining Darkness]
- Soften The Glare - EP III (Tags: rock, math rock, progmetal, progrock, Raleigh) [Independent]
- The Flying Luttenbachers - Spectral Warrior Mythos 2 (Tags: experimental, grindcore, modern classical, no wave, noise, post punk, New York) [UG Explode]
- TALL MARY - When Will I Find Something New (Tags: drone, experimental, noise punk, post rock, Vancouver) [Kingfisher Bluez]
- Цар Стангра - Битката за Фиорда - На живо в Сагене (Tags: black metal, bulgaria, metal, dark ambiant, folk, ritualistic, Canada) [Independent]
- Anarchÿ - The Spectrum of Human Emotion (Tags: melodic metal, melodic thrash metal, metal, technical thrash metal, progressive metal, progressive thrash metal, speed-metal, thrash, thrash metal, St. Louis) [Independent]
- PreHistoric Animals - Finding Love In Strange Places (Tags: alternative, alternative rock, prog rock, progmetal, Sweden) [Dutch Music Works]
- THE LAST OF LUCY - Godform (Tags: metal, brutal death metal, death metal, deathcore, grind, grindcore, hardcore, mathcore, progressive death metal, progressive metal, tech death, technical death, technical death metal, us death metal, United States) [Transcending Obscurity]
- And So I Watch You From Afar - Megafauna (Tags: alternative, instrumental, rock, Belfast) [Independent]
- ColdCell - Age Of Unreason (Tags: atmospheric black metal, black metal, depressive black metal, extreme metal, metal, Basel) [Independent]
- IXION - RESTRICTION (Tags: electronic, metal, ambient, androids, atmospheric metal, blade runner, doom metal, electronica, gothic metal, robots, synthwave, France) [Independent]
- William Soovik Grand Finale - Once More, Dear Friends! (Tags: contemporary jazz, experimental, free jazz, gothenburg jazz, grunge jazz, jazz, rock, saxophone, swedish jazz, Gothenburg) [Independent]
- Carb On Carb - Take Time (Tags: new zealand, punk, emo, emo revival, midwest emo, pop punk, Whanganui) [Independent]
- اکوان (Akvan) - سووشون (Tags: black metal, black metal from iran, blackened death metal, iran, iranian black metal, metal, Iran) [Independent]
- Claire Cross - Sleep Cycle (Tags: jazz, ambient, australian jazz, chamber, contemporary jazz, folk, minimalism, nu jazz, progressive rock, Berlin) [Art as Catharsis]
- Extortionist - Devoid Of Love & Light (Tags: deathcore, extortionist, hardcore, industrial, metal, metalcore, unique leader records) [Unique Leader]
- Sebastien Ammann - Change Of Course (Tags: jazz, New York) [Ropeadope]
- Pallbearer - Mind Burns Alive (Tags: epic doom metal, metal, Little Rock) [Nuclear Blast]
- COGNITIVE - Abhorrence (Tags: death metal, metal, progressive, slam, technical death metal, grindcore, Jersey) [Metal Blade]
- Botanist - Paleobotany (Deluxe Edition) (Tags: metal, avant-garde, black metal, experimental, hammered dulcimer, San Francisco) [Prophecy]
- NOCTURNUS AD - Unicursal (Tags: black metal, death metal, metal, heavy metal, Tampa) [Profound Lore]
- Kulk - It Gets Worse (Tags: alternative, norwich, doom, doom metal, heavy, post-metal, psychedelic, sludge, stoner metal, stoner rock, United Kingdom) [Human Worth]
- Inner Landscape - 3H33 (Tags: metal, post-hardcore, post-metal, Lyon) [Independent]
- Eigenstate Zero - The Malthusian (Tags: metal, deathmetal, djent, jazzmetal, melodeath, melodic death metal, nogenre, prog, progressive death metal, progressive metal, techdeath, Stockholm) [Independent]
- DAVID MURRAY QUARTET with Marta Sanchez, Luke Stewart and Russell Carter - Francesca (Tags: david murray, luke stewart, composition, improvisation, jazz, marta sanchez, Zurich) [Intakt]
- BORDERLANDS TRIO with Stephan Crump, Kris Davis, Eric McPherson - Rewilder (Tags: eric mcpherson, kris davis, stephan crump, composition, free jazz, improvisation, jazz, Zurich) [Intakt]
- Big Chef - Mud Wrestling Sydney Sweeny Perched High Upon a Mountain Peak, Beneath a Canopy of Shimmering Starlight (a millennial's american dream) x :) (Tags: beefcore, deathgrind, death metal, deathcore, metal, thall, djent, goregrind, grindcore, slam, slamming brutal death metal, Australia) [Independent]
- öz ürügülü - Della Morte dell’Artista (Tags: frank zappa, jazz, mats morgan band, morgan ågren, mr. bungle, panzerballett, secret chiefs 3, snarky puppy, experimental rock, film music, fusion, jacob collier, odd time signatures, oriental, poil, progressive, Zug) [Independent]
- Maddalena Ghezzi - Dolomite (Tags: electronic, jazz, avant-garde, contemporary, contemporary jazz, songs, London) [Independent]
- Gatecreeper - Dark Superstition (Tags: crust, death metal, doom, hardcore, metal, Arizona) [Nuclear Blast]
- Liraz - Enerjy - انرژی (Tags: farsi, global disco, world, electropop, persian, pop, retro, world-disco, Tel Aviv Yafo) [Batov]
- i Häxa - Part Two (Tags: alternative, dark ambient, dark folk, electronic music, indie, trip hop, London) [Pelagic]
- Karen Willems - JUJU (Tags: soundtrack, avant-garde, percussive, sound collage, Maldegem) [Werf]
- ZILF - Reanimated (Tags: alternative, djent, indie, mathcore, metal, metalcore, rock, technical metal, thrash metal, United Kingdom) [Independent]
- Layale Chaker & Sarafand - Radio Afloat (ICR031) (Tags: arabic jazz, world, arabic jazz, arabic vocals, chamber music, improvised chamber jazz, improvised piano, jazz, jazz and improvised music, violin, world music, Brooklyn) [In a Circle]
- Ambient Jazz Ensemble - Spirit Dance (Tags: jazz, ambient, ambient jazz, ambient jazz ensemble, chillout, cinematic, cinematic jazz, jazz, lounge, lounge music, rnb, London) [Here & Now]
- Tzompantli - Beating the Drums of Ancestral Force (Tags: metal, black metal, death metal, doom metal, heavy metal, Pittsburgh) [20 Buck Spin]
- James Ilgenfritz - Stay Logged In On This Trusted Device (Tags: experimental, New York) [Infrequent Seams]
- Joe Rocca - Hybride (Tags: hip-hop, hip-hop/rap, r&b, rap, soul, Montreal) [Bonsound]
- Thought Trials - This Has Always Been With You (Tags: rock, ambient, electronica, instrumental post-rock, post-rock, Buffalo) [Post.]
- Christopher Cerrone - Beaufort Scales (Tags: classical, classical contemporary music, classical, contemporary classical, electronic, experimental, new music, vocal, vocal ensemble, Brooklyn) [Cold Blue Music]
- wthAura - gumballs (Tags: alternative, experimental, rock, intstrumental, math rock, prog rock, Philadelphia) [Independent]
- Gabriel Dharmoo - Vestiges d'une fable (Tags: classical, experimental, avant-garde, classical, contemporary, contemporary classical, vocal, Toronto) [Centrediscs]
- Le Double - Le Double (Tags: alternative, electronic, contemporary classical, contemporary jazz, new music, poetry and music, Canada) [Corne de brume]
- Hvile I Kaos - Lower Order Manifestations (Tags: black metal, experimental, metal, chambermusic, neoclassical, occult, Los Angeles) [Independent]
- Viacrucis - Melhorament (Tags: atmospheric black metal, black metal, blackened death metal, death metal, metal, rouyn-noranda, atmospheric, cathar, metal noir, occitan, occitanie, Gaspé) [Independent]
- Gabriel Genest - As It Is (Tags: jazz, canadian jazz, chamber jazz, contemporary jazz, modern jazz, Montreal) [Independent]
- Darko - Greyscale (Tags: a wilhelm scream, melodic hardcore, propagandi, punk, strung out, technical melodic punk) [Lockjaw]
- Federico Bonacossa - Elettroarmonico (Tags: contemporary classical, electric guitar, experimental, New York) [New Focus]
- Hemotoxin - When Time Becomes Loss (Tags: death metal, melodic, metal, thrash metal, progressive, technical, San Francisco) [Independent]
- JISEI - POSITIVE AFFIRMATIONS (Tags: deathcore, punk, beatdown, deathcore, falsegrind, hardcore, lgbtq+, trans, Vancouver) [Independent]
- Maudits - Précipice (Tags: metal, ambient, instrumental, post, Paris) [Independent]
- Avoid Humanity - Between Now and Never (Tags: metal, hardcore, Bucharest) [Independent]
- Kavyesh Kaviraj - Fables (Tags: creative jazz, jazz, avant garde jazz, contemporary jazz, jazz and improvised music, jazz piano, modern jazz, nu-jazz, Minneapolis) [Shifting Paradigm]
- Nebula Orionis - The Long Path to Nowhere (Tags: metal, ambient, atmospheric black metal, cinematic, cosmic, space metal, Russia) [Independent]
- TERAMAZE - Eli : A Wonderful Fall From Grace (Tags: metal, progressive metal, progressive rock, rock, Melbourne) [Independent]
- Gnarwhal - Altered States (Tags: hard rock, rock, fuzz, stoner, Yellowknife) [Independent]
- Lower Automation - Welcome to My Deathbed (Tags: alternative, experimental punk, goth, industrial, math punk, mathcore, noise rock, post punk, punk, Illinois) [Independent]
- MULA - Cúmulo abierto (Tags: punk, rock, spoken word, experimental rock, free jazz, improvised music, jazz, noise, noise ambient, prog, Bogotá) [Independent]
- Nyktophobia - To The Stars (Tags: black metal, death metal, metal, Datteln) [Apostasy]
- EVILYN - Mondestrunken (Tags: metal, brutal death metal, death metal, dissonant, dissonant death metal, experimental death metal, progressive, progressive death, progressive death metal, tech death, technical death, technical death metal, United States) [Transcending Obscurity]
- OGIVES BIG BAND - Boisterous Love (Tags: experimental, hard rock, metal, metalcore, noise rock, progressive, progressive hardcore, psychedelic, soundtrack, hardcore, Bristol) [Stolen Body]
- Arx Atrata - A Reckoning (Tags: atmospheric black metal, metal, black metal, blackened doom metal, epic black metal, post black metal, Nottingham) [Independent]
- Progfox - Visitation III (Tags: Metal) [schitzocore entertainment]
- Voidsmen - Ice Age Part 0: Blood Furnace (Tags: metal, salt lake city, doom, doom metal, sludge, space doom, space metal, space rock, Salt Lake City) [Independent]
- Filip Żółtowski Quartet released by Alpaka Records - BiBi (Tags: electronic, hip hop, jazz, fusion, hip hop instrumentals, jazz, nujazz, Poland) [Filip Żółtowski Quartet]
- Strelitzia - Winter (Tags: rock, emo, experimental rock, independent, indie rock, math rock, math-rock, midwest emo, post-hardcore, post-rock, Gilbert) [Independent]
- Ugly Robot - The Space Between Us (Tags: rock, classic rock, experimental rock, indie rock, indietronica, math rock, Albuquerque) [Independent]
- Anoxide - Morals & Dogma (Tags: death metal, metal, brutal death metal, goregrind, slam, slamming brutal death metal, United States) [Ghastly Music]
- Otomo Yoshihide and Chris Pitsiokos - Uncanny Mirror (Tags: experimental, avant-garde, free jazz, improvisation, jazz, noise, New York) [Chris Pitsiokos / ELEATIC]
- Alex Harding & Lucian Ban - Blutopia (Tags: jazz, avant-garde, modern classical, piano, post bop, New York) [Sunnyside]
- On Ka’a Davis - …Here’s to Another Day and Night for the Lwa of the Woke (Tags: Jazz) [Tzadik]
- SHOKRAN - Duat (Tags: metal, djent, math, oriental, progressive metal, solo guitar, Russia) [Independent]
- Black Dresses - LAUGHINGFISH (Tags: alternative, electronic, industrial, noise pop, sci-fi, Toronto) [Independent]
- Sushma Soma - THE MOUNTAIN HAS THE LAST SAY (Tags: carnatic, experimental, indian music, world, world music, tamil folk, Singapore) [Independent]
- Les Fantômes du jour - Ravages (Tags: progressive rock, rock, art rock, nantes, post-hardcore, post-metal, post-prog, post-rock, progressive metal, Nantes) [Ajna Management]
- Clear Clover - Spectate (Tags: industrial metal, metal, rock, ambient, electronic, industrial, instrumental, new age, progressive metal, vaporwave, Montreal) [Independent]
- A Wake In Providence - I Write To You, My Darling Decay (Tags: ) [Unique Leader]
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2024.05.21 05:52 TerribleSell2997 Robotic Palletizer Market is Dazzling Worldwide and Forecast to 2030
~Robotic palletizer market~ is anticipated to grow at a considerable CAGR of 9.5% during the forecast period. The rising demand of robotics tool across several end-user industries to enhance efficiency, productivity and safety in the workplace is a key contributor to the growth of the global robotic palletizer market. In addition, lack of the rising labor cost isfurther driving demand for automation solutions. Further, rising investment by industries in robotics to cater the demand for automation. According to the International Federation of Robotics (IFR), in 2022, European Union´s 27 member states installed almost 72,000 units, which resultant 6.0% rise in the sales. However, the high cost of these products and high number of cases of robotic palletizer malfunctioning may restrain its market growth.
Get Free Sample link @ https://www.omrglobal.com/request-sample/robotic-palletizer-market According to the IFR, the top five adopting countries within the EU are Germany, Italy, France, Spain and Poland. IFR accounted about 70.0% of all industrial robots installed within the EU in 2022. Germany is by far the largest robot market in Europe, where about 26,000 units (+3.0%) were installed in 2022. This was a share of 37.0% of total EU installations. Globally, the country had the fourth highest robot density, following Japan, Singapore, and the Republic of Korea.
full report of Robotic Palletizer Market available @ https://www.omrglobal.com/industry-reports/robotic-palletizer-market ·
Market Coverage · Market number available for – 2024-2031
· Base year- 2024
· Forecast period- 2024-2031
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
· Inc., and others
Market Segmentation Global Robotic Palletizer Market by Type o Articulated Robots
o Collaborative Robots
o Parallel Robots
o Cartesian Robots
o Others (SCARA Robots)
Global Robotic Palletizer Market by Application o Case Palletizing
o Bag Palletizing
Global Robotic Palletizer Market by End-User o Food and Beverages
o Pharmaceuticals
o Construction Industry
o Personal Care and Cosmetics
o Other (Manufacturing, Electronics and Automotive Industry)
Regional Analysis o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World
Company Profiles o Armstrong LTD.
o Concetti S.p.A.
o DENSO Corp.
o Duravant LLC
o FANUC CORP.
o Fuji Yusoki Kogyo Co. Ltd
o Illinois Tool Works Inc.
o Kawasaki Heavy Industries, Ltd.
o KRONES AG
o KUKA AG
o MMCI Automation
o Okura Yusoki Co., Ltd.
o Premier Tech Ltd.
o Schneider Packaging Equipment Co. Inc.
o Staubli International AG
o Universal Robots AS
o Yaskawa Electric Corp.
The Report Covers - Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global robotic palletizermarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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2024.05.21 03:41 thinkman77 India overtakes Australia, Japan and Singapore in data centre capacity, gets $40 billion funds
2024.05.21 03:03 EchoJobs Hiring Frontend Software Engineer (Libra) - Data Platform Singapore [TypeScript JavaScript HTML CSS Vue.js Angular React API GraphQL]
2024.05.21 02:55 Tall_Mistake9552 I hope they don’t patch him dear goodness hidden💎
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2024.05.21 02:52 EchoJobs Hiring Frontend Software Engineer (Libra), Data Platform Singapore [GraphQL TypeScript HTML CSS React Vue.js API JavaScript Angular]
2024.05.21 02:35 Wind_of_Change123 Google, Meta warned that undersea internet cables at risk for Chinese espionage: report
| US national security officials have reportedly warned Google, Meta and other firms that their undersea internet cables could be at risk of tampering by China-controlled repair ships. The concerns are reportedly centered on underwater fiber-optic cables in the Pacific Ocean that are partially owned by the Big Tech firms and used to maintain the flow of data from the US to Asia. The difficult-to-access cables require maintenance from specialized firms, including some owned by China. State Department officials have flagged concerns about a particular firm called SB Submarine Systems, which is controlled by the Chinese Communist Party and has seemingly taken steps to hide the location of its repair ships by turning off their transponders, the Wall Street Journal reported. The report, which cited unnamed officials familiar with the situation, said the feds are worried that any tampering with the cables could threaten US commercial and military data. Senior Biden administration officials have also reportedly received briefings on the concerns. In one suspicious incident that took place in 2019, an SBSS vessel called the Bold Maverick purportedly turned its transponder on and off several times during a four-day period while floating in the same one-mile patch of ocean off the coast of Singapore. Other instances in which SBSS ships disappeared from tracking systems occurred near Taiwan and Indonesia, the Journal reported, citing a review of shipping data. SBSS is majority owned by state-controlled China Telecom, which was banned by the US in 2021 over national security concerns. One of the firm’s top executives is a member of the Chinese Communist Party. The behavior of the SBSS-owned vessels is said to be unusual for cable repair ships – though one source familiar with the company said it was possible that poor satellite coverage was to blame. US officials cited several potential causes for concern – including the possibility of intellectual property theft related to the undersea cable equipment, tapping into US data streams and identifiying military communication links. The Post has reached out to Google, Meta and the State Department for comment. The National Security Council said the security of undersea cables “is rooted in the ability of trusted entities to build, maintain, and repair” them “in a transparent and safe manner,” according to a statement provided to the Journal. The use of satellites to track ships involved in the repairs “is one such measure that supports vessel monitoring and safety.” The issue arose during a period of heightened tensions between the US and China. Western officials have repeatedly criticized Beijing for aggressive conduct toward Taiwan. SB Submarine Systems describes itself on its website as “Asia‘s leading provider of submarine cable installation and maintenance solutions.” The company did not immediately return a request for comment. Liu Pengyu, a spokesman for the Chinese Embassy in Washington, pushed back on the report. “It is nothing wrong for Chinese companies to carry out normal business in accordance with the law,” he said. “We firmly oppose the U.S. to generalize the concept of national security and attack and smear Chinese companies.” https://preview.redd.it/umo9yacido1d1.jpg?width=1024&format=pjpg&auto=webp&s=6ef3603a94f2d62d4c8c0b06c748314ac71f3b83 submitted by Wind_of_Change123 to fall_in_love20 [link] [comments] |
2024.05.21 02:32 EchoJobs Hiring Backend Software Engineer (Aeolus) - Data Platform Singapore [Java]
2024.05.21 00:46 OkCalligrapher1335 UK report - Migration fails to fuel economic growth.
We should take note since they are ahead of the curve
Migration has failed to drive economic growth, warns report
Record-high levels of immigration have failed to boost the economy while making the housing crisis worse, a leading think tank has warned.
In a report co-authored by former immigration minister Robert Jenrick, the Centre for Policy Studies (CPS) urged the Government to introduce caps on legal immigration to stop a drain on British infrastructure and public services that is not offset by economic growth. In particular, high levels of immigration are “significantly exacerbating the housing crisis”, it said.
The report, which is jointly authored with former health minister Neil O’Brien, also suggested the Home Office should be broken up to create a new department to control immigration.
I resigned from government because I refused to be another politician who broke their promise to reduce immigration.
Three decades of mass migration have utterly failed the British public.
The costs have been covered up.
It came after data published showed British consumers are suffering the longest drop in living standards in the G7 as the economy fails to keep up.
The Organisation for Economic Cooperation and Development (OECD) said GDP per person fell for four quarters in a row across 2023 in the UK and has been at 0pc or less since spring 2022.
Although Britain’s economy rose by 0.1pc across 2023, on a per person basis it fell by 0.8pc, the OECD said. This measure accounts for population growth, which in the UK was the second highest in the group of seven advanced economies.
The figures were in stark contrast to the G7 average, where GDP per capita rose by 1.2pc last year.
“If large-scale migration of the sort we’ve seen is really so great for the economy, we have to ask ourselves why we are not seeing this in the GDP per capita data,” the CPS report warned.
To alleviate pressure on housing, the NHS and schools, the CPS said net migration should be capped at just “tens of thousands” a year down from its peak of 745,000 in 2022.
To deliver this, CPS said the Home Office which had proven itself to be “too unwieldy to function effectively” and undermined by high levels of churn should be split into a department for border security and immigration control and a second charged with policing and national security.
The new department would be headed by a Cabinet-level minister. “We need working institutions that can translate the will of Parliament and the public into action. The Home Office has fallen short on this front,” they said. Analysis of Home Office data showed the impact of the shift from EU to non-EU migrants. Migrants from the Middle East, North Africa and Turkey aged 25-64 were almost twice as likely to be economically inactive as someone born in the UK.
Spanish migrants typically earned around 40pc more than migrants from Pakistan or Bangladesh, while migrants from countries such as Canada, Singapore and Australia paid between four and nine times as much income tax as migrants from Somalia or Pakistan.
The report said the impact was particularly acute in housing. Net migration now accounted for around 89pc of the 1.34m increase in England’s “housing deficit” – the amount of homes we have underbuilt by in the last 10 years.
Unforeseen levels of immigration have alsoblown house building targets out of the water. The Government’s target of building 300,000 homes per year includes an expectation of net migration to England of around 170,000 per year, which alone will generate demand for 72,000 new homes.
“We have been underbuilding for years, even without high levels of net migration. And even if we limit ourselves to just the last 10 years, the picture is bleak,” the CPS report warned.
Pressure had also been added to rental markets, as well as affecting home ownership. For example, 67pc of privately rented households in London are headed by someone born overseas, as were 33pc of new social housing lets in Brent in 2022 to 2023.
Last year, Capital Economics estimated that the levels of immigration in 2022 alone may have driven up rents by nearly 10pc.
Immigration is heavily concentrated in cities and particularly in the rental sector. Previous ONS analysis found around 80pc of people arriving in the UK rent privately for at least the first few years after they migrate. Mr Jenrick and Mr O’Brien blamed the post-Brexit Tory government for liberalising the immigration system and breaking its promises to take control of Britain’s borders after leaving the EU.
“Despite the rhetoric of a highly selective system, the post-2021 system continues to allow large numbers of people to come who are either not working or working in very low-wage jobs. Out of net migration of two million non-EU nationals over the last five years, only 15pc came principally to work,” they said. Many economists argue that high levels of immigration boost the UK economy by increasing the workforce and tax revenues.
But although levels of immigration have been extremely high, productivity growth and economic growth per person have slumped, just as pressure on public resources has soared.
Despite a 6.6pc increase in the UK’s population between 2011 and 2021, the number of GP surgeries increased by just 4pc during the same period. The UK’s capacity to generate electricity fell by 14.2pc. Karl Williams, of the CPS, said: “Traditionally, the Treasury and much of the rest of Government have modelled immigration as an unqualified benefit to the public purse. But this is not the case.”
The report recommended abolishing the graduate route, which allows foreign students to stay for two years after getting their degrees. Instead, they could only remain if they had a graduate-level job within six months. This would be allied to scrapping the 600,000 a year target for the number of foreign students allowed into the UK, which was set by Boris Johnson.
They recommended raising the salary thresholds for health and care workers above the national living wage, and minimum hourly wage in the care sector by 20p to 40p to help recruit more domestic workers. They also called for an immediate cap on the health and care visas set at 30,000, down from the current 250,000 in 2023. Mr Jenrick said: “It would be unforgivable if the Government did not use the time before the general election to undo the disastrous post-Brexit liberalisations that betrayed the express wishes of the British public for lower immigration.
“The changes we propose today would finally return numbers to the historical norm and deliver the highly-selective, highly-skilled immigration system voters were promised. These policies could be implemented immediately and would consign low-skilled mass migration to the past.
“Immigration is consistently one of the top concerns of voters and they deserve a department whose sole mission is controlling immigration and securing our borders. For far too long, the Home Office has proven incapable of doing that.”
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2024.05.20 23:34 Former-Spread9043 Can someone tell me what my experience could be here? I live here now
2024.05.20 23:33 adventurepaul What's new in e-commerce? - Week of May 20th, 2024
Hi ShopifyeCommerce - I'm Paul and I follow the e-commerce industry closely for my Shopifreaks E-commerce Newsletter. Each week I post a summary recap of the week's top stories, which I cover in depth in the newsletter. Let's dive in...
STAT OF THE WEEK: Amazon could finally surpass Walmart to become the nation’s biggest company by revenue, having grown by 12% last year compared with Walmart's growth of 6%. Two more years of similar growth discrepancy would push Amazon past Walmart in sales.
Shopify is suing Shopline in New York federal court, accusing it of illegally copying Shopify's software to build its own e-commerce platform. Shopline is a Singapore-based subsidiary of the Chinese technology company JOYY Inc. Shopify said in the lawsuit that Shopline created a “thinly disguised knockoff” of its Dawn theme to power a competing e-commerce service. The lawsuit even says that the “Shopify” name still appears in the code of various versions of Seed that Shopline is distributing, and that Shopify found a Chinese webpage hosted by Joyy with the title “Seed Theme” that still carries headers reading “dawn-test.”
In other lawsuit news this week — Temu is facing legal action from 17 companies accusing it of violating new EU laws with “manipulative practices” such as making it difficult to delete your account, and lack of transparency over who their sellers are and why certain products are recommended to customers. Temu was the most downloaded app in the UK in 2023 and still remains as a top downloaded app in 2024.
The state of Arizona has taken legal action against Amazon, launching two lawsuits that accuse the company of monopolistic behavior and deceptive practices involving dark patterns. The first lawsuit claims that Amazon's business practices violate the state's Consumer Fraud Act by employing dark patterns to make it difficult for users to cancel their Amazon Prime subscriptions. The second lawsuit alleges that Amazon breaches Arizona's Uniform State Antitrust Act by maintaining a monopoly via enforcing agreements with third-party sellers to prevent them from offering lower prices on other platforms. It also challenges Amazon's Buy Box algorithm under the Consumer Fraud Act, claiming that it favors sellers who use Fulfillment By Amazon. The legal actions echo similar complaints from the FTC and various states.
Last week Amazon made a big splash with its first-ever event during upfront week, taking over Pier 36 in New York which has previously hosted upfront presentations from Disney and TelevisaUnivision. The company called on celebrities including Jake Gyllenhaal, Reese Witherspoon, Will Ferrell, and Alicia Keys to demonstrate how premium their content is. Amazon worked to separate itself from its competitors by showcasing its scale. Prime Video now has an average monthly ad-supported reach of 200M customers, with 115M in the US, making it the largest premium ad-supported streaming service both globally and in the U.S. It also announced new upcoming series such as Spider-Man Noir, Tomb Raider, and a prequel to Legally Blond.
eBay launched a new feature called “resell on eBay” that is designed to make it easier for brands and consumers to list clothing for sale on its marketplace. The feature is built into Certilogo, which was acquired by eBay in 2023, which features an AI-powered digital ID printed on the product tag to help brands manage the lifecycle of their garments and give consumers a way to confirm the item's authenticity. Users scan a QR code on a product's smart label to generate a “resell your garment” button. Clicking the button directs the user to check the authenticity of the item through Certilogo's AI authentication system by signing in with their eBay account. From there, an eBay listing is prefilled with information from the brand about the item. Users can then edit the listing, upload additional photos, and publish the item for sale.
Poshmark launched a new paid marketing tool called “Promoted Closets” that gives sellers the ability to promote their entire shop at once. The tool uses machine learning to automatically promote individual product listings from a seller's entire inventory, identifying shoppers' search terms and matching them with promoted items. Promoted Closet works on a cost per click model where sellers only get charged when a shopper clicks and views the item from a promoted listing. There's an option to set the budget manually or get a recommendation from Poshmark. Each campaign lasts for 7 days.
Klarna says that it is not sharing its customer data with credit bureaus in the US because the bureaus “do not have proper models to responsibly process the data and ensure good consumer outcomes.” It does share its data with UK credit bureaus. Klarna added that the credit models used today in the US “were built decades ago and calculate data based on monthly payments, long-term loans, and open lines of credit. But BNPL does not fit into these categories.” The company claims that BNPL is different because it offers bi-weekly instead of monthly payments, and unlike a credit card, Klarna doesn't offer an open line of credit.
Third party sellers on Amazon, which make up 60% of sales on Amazon's marketplace, are reconsidering how heavily they'll discount products this year for Prime Day, given how much seller fees have increased on the platform in recent months, according to Modern Retail. According to data from SmartScout, Amazon FBA fees for standard-sized products have jumped 96% over the past 10 years, outpacing inflation. Seller fees can eat up about half the cost per sale on Amazon, according to Marketplace Pulse. That doesn't leave much room for running Prime Day deals, which primarily benefit Amazon as opposed to the individual merchants who are pressured to wipe out their little remaining margin for the sake of running a deal at all.
Netflix announced durings it Upfronts presentation that it's launching its own advertising platform to compete against Google, Amazon, Hulu, Comcast, and other ad giants. Amazon has only been in the advertising business for a year and a half after launching its ad-supported tier in Nov 2022. Netflix originally partnered with Microsoft to develop its ad tech, which let the streaming platform enter the ad space quickly and catch up with rivals like Hulu, which has offered an ad-supported tier since 2010. Launching its own in-house ad tech will allow Netflix to take full control of its advertising and create targeted and personalized ad experiences. Netflix wants to experiment with “episodic” campaigns, which involves a series of ads that tell a story rather than delivering repetitive ads. Brilliant!
Slack is under attack after users discovered that the company has been using their messages, content, and files to train its global AI models, which Slack uses to power their channel and emoji recommendations and search results. It was discovered that if you don't want Slack to use your data, you have to e-mail the company to opt-out, which isn't a good look for a company that makes a big deal out of telling customers that “You control your data.” In response to the outrage, Slack published a blog post to clarify how its customers' data is used.
Google will now let you perform a “web” search, which lets you filter out almost all of its AI results and knowledge panels that currently take over its SERPs, leaving you with just links and text like the old days. The order of the search results are the same regardless of whether you pick “web” or “all”, and it doesn't block links to YouTube videos or Reddit posts. There are also still ads that appear above and below the results.
YouTube is officially launching its YouTube Select “creator takeovers,” which lets advertisers buy out the ad inventory on channels representing the top 1% of content on the platform. The program began as a pilot at the end of 2023 and is now opening to more top creators.
Wix launched three new AI-powered image enhancement and creation tools to help users create and display high-quality images. The new tools include an AI Image Creator to make the images, Object Eraser to remove unwanted objects in the images, and AI Image Editor to add/edit portions of the image. Honestly, the three tools kind of sound like one tool with three features, but you do you, Wix.
Temu, which is already 20% bigger than Shein in the US and gets 42% of its business from the US, Mexico, and Chile, is turning its attention to Europe and wants to grow rapidly in the region. The company has redirected its enormous ad spend to Europe and Mexico while Washington scrutinizes its business practices in the US.
Visa announced major changes to how its credit and debit cards will operate in the US in the coming months and years. The new features mean consumers will be carrying fewer physical cards in their wallets, and will make the 16-digit card number increasingly irrelevant. The biggest change will be the ability for banks to issue one physical card that is connected to multiple bank accounts, which consumers can apply usage rules to.
Mastercard and Salesforce announced a new integration designed to help customers speed up the resolution of transaction disputes and chargebacks, as well as reduce costs associated with resolving them. The partnership will integrate Salesforce's Financial Services Cloud with Mastercard's dispute resolution services, providing real time notifications and a central dashboard for managing disputes.
Meta is taking inspiration from BeReal and Snapchat by developing a feature for Instagram called “Peek” that allows users to post authentic pictures that can only be viewed once. A photo shared via a Peek would have to be taken with your camera in the moment, as you would not be able to upload an image from your gallery, and you won't be able to add filters or edit the photo.
Ikea launched a TikTok livestream where cats and dogs model and demonstrate new Ikea products for pets. The Pet Shopping Network will appear for everyone in the UK on TikTok and showcase pets demonstrating Ikea's 29-piece pet furniture range.
Sam's Club is planning to launch an online shopping portal in Hong Kong within the next two months, giving the territory access to its products via e-commerce. The service will include free delivery for purchases over 599 yuan ($83).
Amazon raised warehouse worker wages to $15/hour five years ago, but today half of workers surveyed told researchers they struggle to afford food and rent. Amazon called the researcher's methodology “deeply flawed” and said the company had tried to raise its concerns with the study’s authors but never heard back.
Lots of layoffs this week… Amazon laid off more than 100 customer service reps, Walmart let go of hundreds of corporate staffers and ordering employees across the US and Canada, Gopuff laid off 6% of its staff, and Indeed laid off 8% of its workforce.
Remember that former diversity program manager at Facebook who stole more than $4M from the company through fake business deals in exchange for kickbacks? I first reported on Barbara Furlow-Smiles in December of last year when she pled guilty to the theft. Well, last week she was sentenced to five years and three months in prison for her scheme.
In the world of corporate turnover… The chief of Amazon Web Services, Adam Selipsky, is stepping down next month after a three-year term to be replaced by Matt Garman, a senior VP who has overseen sales and marketing at AWS. Also, eBay's VP of Global Communications, Michelle Friedman, departed the company to take on a role at Samsara, a cloud platform built for tracking and analyzing data from physical operations.
Meta is shutting down Workspace, a version of Facebook that had been built to enable communication among business teams and organizations. Sources say that it will be business as usual on the platform until August 25, 2025, and then it will be read-only until May 2026. Meta is recommending Zoom-owned Workvivo as a migration-ready alternative.
Ted Baker Canada is holding store-closing clearance sales across locations in the US and Canada after filing for bankruptcy in April. As of May 10th, online shopping is no longer available and all sales are final across the company's brick-and-mortar retail locations.
Sezzle, a US-based BNPL service, partnered up with Celerant Technology, a POS system for retailers, to offer a BNPL option when checking out in-store . The two companies had partnered in 2023 to offer BNPL options online, and now the solution is being brought to brick-and-mortar stores.
BuyBay, a Dutch recommerce platform, is launching a SaaS product using its own recommerce software. Retailers and manufacturers can now resell unreturned products from their own distribution center, which helps reduce CO2-emissions and increase profits.
Setapp Mobile, a subscription-based alternative to the Apple App Store that's now possible thanks to the EU's Digital Markets Act, went into invite-only beta last week. The new app store allows customers to play with a range of apps without being hit with reduced features, ads, options to upgrade, and without spending money on something they may not use. The biggest challenge with the Setapp iOS store is getting the app installed on your iPhone, which involves following a link, installing software, and then activating it — a process made intentionally cumbersome by Apple.
Avalara expanded its partnership with Shopify by joining the Shopify Tax Platform. Avalara has powered tax calculation for Shopify Plus customers since 2015, and now through the Shopify Tax Partner Platform, the company can serve all Shopify customers with their global tax compliance tools.
Walmart delivered 4.4B items the same day or next day, beating Amazon, which said it did 4B items in one day. Walmart's advantage is that it uses stores for its same-day deliveries.
Plus 9 seed rounds, IPOs, and acquisitions of interest including Gorgias's $29M Series C-2 round, which it plans to use the funds from to launch its new AI Agent.
I hope you found this recap helpful. See you next week! For more details on each story and sources, see the full edition: https://www.shopifreaks.com/shopify-sues-shopline-ebays-qr-code-netflixs-new-ad-serve What else is new in e-commerce? Share stories of interesting in the comments below (including in your own business) or on shopifreaks. -PAUL Editor of Shopifreaks E-commerce Newsletter PS: Want the full editions delivered to your Inbox each week? Join free at www.shopifreaks.com
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2024.05.20 23:26 adventurepaul E-commerce Industry News Recap 🔥 Week of May 20th, 2024
Hi - I'm Paul and I follow the e-commerce industry closely for my Shopifreaks E-commerce Newsletter. Each week I post a summary recap of the week's top stories, which I cover in depth with sources in the full edition. Let's dive in...
STAT OF THE WEEK: Amazon could finally surpass Walmart to become the nation’s biggest company by revenue, having grown by 12% last year compared with Walmart's growth of 6%. Two more years of similar growth discrepancy would push Amazon past Walmart in sales.
Shopify is suing Shopline in New York federal court, accusing it of illegally copying Shopify's software to build its own e-commerce platform. Shopline is a Singapore-based subsidiary of the Chinese technology company JOYY Inc. Shopify said in the lawsuit that Shopline created a “thinly disguised knockoff” of its Dawn theme to power a competing e-commerce service. The lawsuit even says that the “Shopify” name still appears in the code of various versions of Seed that Shopline is distributing, and that Shopify found a Chinese webpage hosted by Joyy with the title “Seed Theme” that still carries headers reading “dawn-test.”
In other lawsuit news this week — Temu is facing legal action from 17 companies accusing it of violating new EU laws with “manipulative practices” such as making it difficult to delete your account, and lack of transparency over who their sellers are and why certain products are recommended to customers. Temu was the most downloaded app in the UK in 2023 and still remains as a top downloaded app in 2024.
The state of Arizona has taken legal action against Amazon, launching two lawsuits that accuse the company of monopolistic behavior and deceptive practices involving dark patterns. The first lawsuit claims that Amazon's business practices violate the state's Consumer Fraud Act by employing dark patterns to make it difficult for users to cancel their Amazon Prime subscriptions. The second lawsuit alleges that Amazon breaches Arizona's Uniform State Antitrust Act by maintaining a monopoly via enforcing agreements with third-party sellers to prevent them from offering lower prices on other platforms. It also challenges Amazon's Buy Box algorithm under the Consumer Fraud Act, claiming that it favors sellers who use Fulfillment By Amazon. The legal actions echo similar complaints from the FTC and various states.
Last week Amazon made a big splash with its first-ever event during upfront week, taking over Pier 36 in New York which has previously hosted upfront presentations from Disney and TelevisaUnivision. The company called on celebrities including Jake Gyllenhaal, Reese Witherspoon, Will Ferrell, and Alicia Keys to demonstrate how premium their content is. Amazon worked to separate itself from its competitors by showcasing its scale. Prime Video now has an average monthly ad-supported reach of 200M customers, with 115M in the US, making it the largest premium ad-supported streaming service both globally and in the U.S. It also announced new upcoming series such as Spider-Man Noir, Tomb Raider, and a prequel to Legally Blond.
eBay launched a new feature called “resell on eBay” that is designed to make it easier for brands and consumers to list clothing for sale on its marketplace. The feature is built into Certilogo, which was acquired by eBay in 2023, which features an AI-powered digital ID printed on the product tag to help brands manage the lifecycle of their garments and give consumers a way to confirm the item's authenticity. Users scan a QR code on a product's smart label to generate a “resell your garment” button. Clicking the button directs the user to check the authenticity of the item through Certilogo's AI authentication system by signing in with their eBay account. From there, an eBay listing is prefilled with information from the brand about the item. Users can then edit the listing, upload additional photos, and publish the item for sale.
Poshmark launched a new paid marketing tool called “Promoted Closets” that gives sellers the ability to promote their entire shop at once. The tool uses machine learning to automatically promote individual product listings from a seller's entire inventory, identifying shoppers' search terms and matching them with promoted items. Promoted Closet works on a cost per click model where sellers only get charged when a shopper clicks and views the item from a promoted listing. There's an option to set the budget manually or get a recommendation from Poshmark. Each campaign lasts for 7 days.
Klarna says that it is not sharing its customer data with credit bureaus in the US because the bureaus “do not have proper models to responsibly process the data and ensure good consumer outcomes.” It does share its data with UK credit bureaus. Klarna added that the credit models used today in the US “were built decades ago and calculate data based on monthly payments, long-term loans, and open lines of credit. But BNPL does not fit into these categories.” The company claims that BNPL is different because it offers bi-weekly instead of monthly payments, and unlike a credit card, Klarna doesn't offer an open line of credit.
Third party sellers on Amazon, which make up 60% of sales on Amazon's marketplace, are reconsidering how heavily they'll discount products this year for Prime Day, given how much seller fees have increased on the platform in recent months, according to Modern Retail. According to data from SmartScout, Amazon FBA fees for standard-sized products have jumped 96% over the past 10 years, outpacing inflation. Seller fees can eat up about half the cost per sale on Amazon, according to Marketplace Pulse. That doesn't leave much room for running Prime Day deals, which primarily benefit Amazon as opposed to the individual merchants who are pressured to wipe out their little remaining margin for the sake of running a deal at all.
Netflix announced durings it Upfronts presentation that it's launching its own advertising platform to compete against Google, Amazon, Hulu, Comcast, and other ad giants. Amazon has only been in the advertising business for a year and a half after launching its ad-supported tier in Nov 2022. Netflix originally partnered with Microsoft to develop its ad tech, which let the streaming platform enter the ad space quickly and catch up with rivals like Hulu, which has offered an ad-supported tier since 2010. Launching its own in-house ad tech will allow Netflix to take full control of its advertising and create targeted and personalized ad experiences. Netflix wants to experiment with “episodic” campaigns, which involves a series of ads that tell a story rather than delivering repetitive ads. Brilliant!
Slack is under attack after users discovered that the company has been using their messages, content, and files to train its global AI models, which Slack uses to power their channel and emoji recommendations and search results. It was discovered that if you don't want Slack to use your data, you have to e-mail the company to opt-out, which isn't a good look for a company that makes a big deal out of telling customers that “You control your data.” In response to the outrage, Slack published a blog post to clarify how its customers' data is used.
Google will now let you perform a “web” search, which lets you filter out almost all of its AI results and knowledge panels that currently take over its SERPs, leaving you with just links and text like the old days. The order of the search results are the same regardless of whether you pick “web” or “all”, and it doesn't block links to YouTube videos or Reddit posts. There are also still ads that appear above and below the results.
YouTube is officially launching its YouTube Select “creator takeovers,” which lets advertisers buy out the ad inventory on channels representing the top 1% of content on the platform. The program began as a pilot at the end of 2023 and is now opening to more top creators.
Wix launched three new AI-powered image enhancement and creation tools to help users create and display high-quality images. The new tools include an AI Image Creator to make the images, Object Eraser to remove unwanted objects in the images, and AI Image Editor to add/edit portions of the image. Honestly, the three tools kind of sound like one tool with three features, but you do you, Wix.
Temu, which is already 20% bigger than Shein in the US and gets 42% of its business from the US, Mexico, and Chile, is turning its attention to Europe and wants to grow rapidly in the region. The company has redirected its enormous ad spend to Europe and Mexico while Washington scrutinizes its business practices in the US.
Visa announced major changes to how its credit and debit cards will operate in the US in the coming months and years. The new features mean consumers will be carrying fewer physical cards in their wallets, and will make the 16-digit card number increasingly irrelevant. The biggest change will be the ability for banks to issue one physical card that is connected to multiple bank accounts, which consumers can apply usage rules to.
Mastercard and Salesforce announced a new integration designed to help customers speed up the resolution of transaction disputes and chargebacks, as well as reduce costs associated with resolving them. The partnership will integrate Salesforce's Financial Services Cloud with Mastercard's dispute resolution services, providing real time notifications and a central dashboard for managing disputes.
Meta is taking inspiration from BeReal and Snapchat by developing a feature for Instagram called “Peek” that allows users to post authentic pictures that can only be viewed once. A photo shared via a Peek would have to be taken with your camera in the moment, as you would not be able to upload an image from your gallery, and you won't be able to add filters or edit the photo.
Ikea launched a TikTok livestream where cats and dogs model and demonstrate new Ikea products for pets. The Pet Shopping Network will appear for everyone in the UK on TikTok and showcase pets demonstrating Ikea's 29-piece pet furniture range.
Sam's Club is planning to launch an online shopping portal in Hong Kong within the next two months, giving the territory access to its products via e-commerce. The service will include free delivery for purchases over 599 yuan ($83).
Amazon raised warehouse worker wages to $15/hour five years ago, but today half of workers surveyed told researchers they struggle to afford food and rent. Amazon called the researcher's methodology “deeply flawed” and said the company had tried to raise its concerns with the study’s authors but never heard back.
Lots of layoffs this week… Amazon laid off more than 100 customer service reps, Walmart let go of hundreds of corporate staffers and ordering employees across the US and Canada, Gopuff laid off 6% of its staff, and Indeed laid off 8% of its workforce.
Remember that former diversity program manager at Facebook who stole more than $4M from the company through fake business deals in exchange for kickbacks? I first reported on Barbara Furlow-Smiles in December of last year when she pled guilty to the theft. Well, last week she was sentenced to five years and three months in prison for her scheme.
In the world of corporate turnover… The chief of Amazon Web Services, Adam Selipsky, is stepping down next month after a three-year term to be replaced by Matt Garman, a senior VP who has overseen sales and marketing at AWS. Also, eBay's VP of Global Communications, Michelle Friedman, departed the company to take on a role at Samsara, a cloud platform built for tracking and analyzing data from physical operations.
Meta is shutting down Workspace, a version of Facebook that had been built to enable communication among business teams and organizations. Sources say that it will be business as usual on the platform until August 25, 2025, and then it will be read-only until May 2026. Meta is recommending Zoom-owned Workvivo as a migration-ready alternative.
Ted Baker Canada is holding store-closing clearance sales across locations in the US and Canada after filing for bankruptcy in April. As of May 10th, online shopping is no longer available and all sales are final across the company's brick-and-mortar retail locations.
Sezzle, a US-based BNPL service, partnered up with Celerant Technology, a POS system for retailers, to offer a BNPL option when checking out in-store . The two companies had partnered in 2023 to offer BNPL options online, and now the solution is being brought to brick-and-mortar stores.
BuyBay, a Dutch recommerce platform, is launching a SaaS product using its own recommerce software. Retailers and manufacturers can now resell unreturned products from their own distribution center, which helps reduce CO2-emissions and increase profits.
Setapp Mobile, a subscription-based alternative to the Apple App Store that's now possible thanks to the EU's Digital Markets Act, went into invite-only beta last week. The new app store allows customers to play with a range of apps without being hit with reduced features, ads, options to upgrade, and without spending money on something they may not use. The biggest challenge with the Setapp iOS store is getting the app installed on your iPhone, which involves following a link, installing software, and then activating it — a process made intentionally cumbersome by Apple.
Avalara expanded its partnership with Shopify by joining the Shopify Tax Platform. Avalara has powered tax calculation for Shopify Plus customers since 2015, and now through the Shopify Tax Partner Platform, the company can serve all Shopify customers with their global tax compliance tools.
Walmart delivered 4.4B items the same day or next day, beating Amazon, which said it did 4B items in one day. Walmart's advantage is that it uses stores for its same-day deliveries.
Plus 9 seed rounds, IPOs, and acquisitions of interest including Gorgias's $29M Series C-2 round, which it plans to use the funds from to launch its new AI Agent.
I hope you found this recap helpful. See you next week!
PAUL Editor of Shopifreaks E-Commerce Newsletter
PS: If I missed any big news this week, please share in the comments.
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