6 Most Important Things in Business Today
October 16, 2017 by Douglas A. McIntyreAsia stock markets surged as China’s producer price index rose 6.9% in September compared to the same month a year ago.
“Happy Death Day” was number one at the box office this past weekend. According to Box Office Mojo:
Universal and Blumhouse score yet again, this time with Happy Death Day. The horror film easily topped the weekend box office, adding to the production house’s impressive stable of original horror films including the likes of The Visit, Split and Get Out. At the same time, Blade Runner 2049 dropped over 50% in its second weekend …
China plans to invest $150 billion in artificial intelligence projects in an attempt to top the United States.
Macy’s Inc. (NYSE: M) will open early on Thanksgiving. According to CNBC:
Macy’s is preparing for another early kick off to Black Friday shopping on Turkey Day.
BestBlackFriday.com, which tracks retailers’ holiday deals and hours, has received confirmation from six U.S. shopping centers that their Macy’s locations will open at 5 p.m. Thursday. That compares to a 5 p.m. start last year, and 6 p.m. in both 2014 and 2015.
Apple Inc. (NASDAQ: AAPL) may build phones with bending screens. According to BGR:
The iPhone X has the biggest screen-to-front ratio ever seen in an iPhone, but Apple isn’t done enlarging the display. A report earlier this week said Apple is already working with LG on bendable screen designs. The company is apparently trying to keep its plan secret from Samsung, which is currently the only supplier of foldable OLED screens.
Meanwhile, a patent application surfaced on Thursday, describing the screen technology that would allow Apple to manufacture devices with foldable displays.
International Business Machines Corp. (NYSE: IBM) has invented technology that will help money move across borders. According to Fortune:
In a breakthrough for payments technology, IBM and a network of banks have begun using digital currency and blockchain software to move money across borders throughout the South Pacific.
The significance of the news, which IBM announced on Monday, is that merchants and consumers will be able to send money to another country in near real-time, accelerating a payments process that typically takes days.
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