1) Powering the Internet of Things
The Internet of Things (IoT) is growing rapidly, by 2020 it is estimated there will be 50 billion smart devices. But instead of using traditional forms of power, scientists are devising clever solutions such as harvesting energy from sunlight, vibrations and even ambient radio waves. (FT.com video above published Mar 7, 2018.)
See also: This company hopes its cryptocurrency can help the internet of things reach its true potential | TechnologyReview.com: "... the internet of things hasn’t materialized as many people thought it would ... at least for low-power devices. That’s because there’s little incentive to build widespread wireless coverage that is secure, reliable, and super-cheap. Established wireless carriers don’t see a business case for building networks geared for devices that might transmit less than a dollar’s worth of data per year ..." (emphasis added)
2) Switzerland & Crypto
Why Is Switzerland So Keen On Cryptocurrencies? Switzerland has long been a global economic hub. Now it’s embracing cryptocurrencies and digital tokens. Last year, four of the biggest initial coin offerings (when startups sell tokens to investors) were based in Switzerland. The video discusses why is Switzerland is a popular place for crypto-pioneers, and the risks that volatile currencies pose. (FT.com video above published May 14, 2018.)
3) Investing
The Week: NASDAQ Composite +1.1% | S&P 500 Index +0.3% | DJIA + 0.2%
Wall Street's Charging Bull
Investing Notes: Mnuchin on Monopolies; Trading Nvidia; Crypto Party?
a. Tech Monopolies & Antitrust--U.S. Treasury Secretary Steven Mnuchin on CNBC TV, May 21, 2018 (video at 16:07) Mnuchin: ".... stock market is up an enormous amount since the election [of President Trump in 2016] and with all of our economic plans in place I wouldn't be surprised to see it higher by the end of the year [2018]. Q: Did you see 60 Minutes [CBS TV show] last night Mr. Secretary? Mnuchin: I did not. Q. [It was about] Google, it was interesting, that's a hell of a company obviously but when you get that good and have that great a moat you wonder if it's a monopoly or not. I just wondered if you view Google as a monopoly? Mnuchin: Well I would just say the issue of monopolies is out of my lane, that is within the Justice Department but I think these are issues that the Justice Department needs to look at seriously, not for any one company, but obviously as these technology companies have a greater and greater impact on the economy, I think that you have to look at the power they have and it's something that the Justice Department, I hope, takes a serious look at without me making any comments as to whether they should be or they shouldn't be, but these issues deserve to be reviewed carefully.
b. NVIDIA (NASDAQ:NVDA) Trading Mistake--No Emotional Detachment--SeekingAlpha.com. See also Nvidia: Covered Call Strategy | SeekingAlpha.com.
c. Cryptocurrency--The Party's Over--State regulators unveil nationwide crackdown on suspicious cryptocurrency investment schemes | WashingtonPost.com. See also "... there are so many crypto-tokens out there that it’s hard to gauge whether any new entrant can get traction"--Martha Bennett, an analyst at Forrester, in TechnologyReview.com (emphasis added).
See also Bitcoin Price Manipulation Probe Launched By Justice Department | Bloomberg.com May 24, 2018: DOJ & CFTC criminal investigation into alleged market manipulation of bitcoin and other cryptocurrencies.
- Google and Facebook Face GDPR Privacy Complaints on 1st Day | Fortune.com May 25, 2018.
- How China’s Tencent Uses Deals to Crowd Out Tech Rivals | WSJ.com: The social-media and videogame giant bought stakes in 277 tech companies since 2013, and its deal-making pace is accelerating. See also In Silicon Valley, Chinese 'accelerators' aim to bring startups home [to China] | Reuters.com.
- Google and Facebook: Fake News No Problem: Internet Totally Dominates Advertising in the US, But Only 2 Companies Divvy up 60% of the Spoils | WolfStreet.com.
- Tesla Model 3 Review Falls Short of Consumer Reports Recommendation | consumerreports.org: "Despite record range and agile handling, issues with braking, controls, and ride quality hurt the Model 3’s Overall Score"
- Tesla Growth Narrative - The Economic Problem | SeekingAlpha.com
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