Apple has hired renowned chip engineer Jim Mergard away from Samsung. Mergard, who was once AMD’s chief engineer, arrives shortly following a report Apple has considered migrating its Macs away from Intel. Let’s see if after disappointing iPhone 5 sales and missing “wow” effect Apple can deliver a true breakthrough product. The market is awaiting the mini iPad […]
Apple Takes a Bite Out of Samsung Read More »
Social media giant Facebook, based in Menlo Park, California, announced on Oct. 4 it now counted one billion users worldwide, up from 845 million at the year’s start. More than half of them, or 600 million, access Facebook through a mobile device, a number that grew 41 percent this year. However a detailed report by Bloomberg
Did Facebook mislead investors? Read More »
What does men’s underwear have to do with our economy. The NPD Group, Inc., a leading market research company, has shown an uptick in sales of men’s underwear over the past year. Between Aug. 2010 and Aug. 2011, sales for all men’s “underwear bottoms” were roughly $2.074 billion. In the period between Aug. 2011 and
Underwear Economics Read More »
Yum Brands (Ticker: YUM) owners of KFC and Pizza Hut cook up sales of $3.5 billion in the previous quarter surprising investor with beat in earnings. Worlds largest aluminium maker Alcoa (Ticker: AA) didn’t disappoint either with sales of $5.8 billion for the past quarter despite 17% drop in metal prices. Read full details of their
Yummy earnings to kick off the season Read More »
Amazing! A single computer program that placed orders, and then canceled them, made up 4% of all quote traffic in the U.S. stock market last week. The algorithm never executed a single trade, but placed orders in 25-millisecond bursts involving about 500 stocks, before stopping at 10:30am on Friday. The ultimate goal of such programs
4% of Market Trading Caused by Algo Read More »
