Nissan launched an electric car with autonomous driving features. The new Leaf will be direct competition with General Motors Co.’s (NYSE: GM) Chevy Bolt and Tesla Inc.’s (NASDAQ: TSLA) new Model 3.
Alphabet Inc.’s (NASDAQ: GOOGL) Google has started to increase its Chinese employment base to develop its artificial intelligence business, according to The Wall Street Journal. Virtually every large tech company in the world has similar aspirations to add AI to its suites of products.
Customers of United Technologies Corp. (NYSE: UTX) and Rockwell Collins Inc. (NYSE: COL) said they have objections to a marriage between the two companies, fearing a monopoly. Among those upset were Boeing (NYSE: BA) and Airbus, which are major customers of one or both of the public companies that plan to merge.
According to a report by Reuters, Facebook Inc. (NASDAQ: FB) artificially increases the value of its advertising. The news service reports:
Facebook inflates the number of people who can see the advertisements on its platform, a Pivotal Research Group analyst said in a note.
Facebook’s Ads Manager claims a potential reach of 41 million 18- to 24-year olds and 60 million 25- to 34-year olds in the United States, whereas U.S. census data shows that last year there were a total of 31 million people between the ages of 18 and 24, and 45 million in the 25-34 age group, the analyst said.
One of the most well-known Apple Inc. (NASDAQ: AAPL) watchers on Wall Street, Gene Munster, says the company’s stock will dive after its releases its new iPhone. CNBC reports:
Apple’s next iPhone cycle is expected to be one of the biggest yet — but that doesn’t necessarily mean the stock will keep soaring, according to one of the company’s most well-known followers.
There could be a 10 percent pullback in Apple shares in the next one to three months, Gene Munster told CNBC’s “Power Lunch” on Tuesday.
“The trading history over the past four years is a little bit difficult to look at — just what happens when the product’s announced to three months after,” said Munster, who covered Apple for years as a Wall Street analyst before becoming a managing partner at venture capital firm Loup Ventures.
Hurricane Irma, a Category 5 storm, may hit Florida, affecting its economy and increasing the prices of commodities, like orange juice, that it produces.