1) Tech Share Rout: Apple's Core Problems
The iPhone maker, Apple (apple.com) $AAPL, has been hit as investors worry over sales and US-China tensions. Financial Times (ft.com) video above published Nov 21, 2018.
NASDAQ: AAPL:
2) High Tech Wars of the Future
U.S. scientists prepare for high-tech wars of the future: the U.S. is investing in robotics and artificial intelligence as it races against China to develop the weapons of the future. The FT.com’s US foreign policy and defense correspondent Katrina Manson visits the US Army Research Lab to meet the scientists working on the latest tech developments. Financial Times (ft.com) video above published Nov 16, 2018.
3) Investing
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The forward 12-month P/E ratio for $SPX is 15.6. This P/E ratio is below the 5-year average (16.4) but above the 10-year average (14.5). https://t.co/7jjo6kg2yS pic.twitter.com/Sn372WU04z— FactSet (@FactSet) November 19, 2018
- Jim Chanos's Kynikos Associates LP buys Vanguard S&P 500, Vanguard Value, iShares S&P Mid-Cap 400 Growth--gurufocus.com
- EU troubles: Eurozone, Italy, Immigration, and Brexit--Editor's note: why invest in someone else's mess?
- China: more nations voice concerns over Chinese investment--'here, borrow some money from us'--chinaeconomicreview.com. Editor's note: a/k/a the Chinese "Extortionate Debt Trap."
- Bitcoin hit its lowest level in more than a year on Monday, falling under $5,000, while the entire cryptocurrency market cap lost about $40 Billion in the prior week--cnbc.com. Editor's note: until such time as Bitcoin, or some other crypto, becomes "legal tender" in a respected jurisdiction (sorry Venezuela doesn't qualify), the entire market is pure speculation subject to multiple scams. The U.S. government (CFTC) treats cryptocurrencies as commodities and the IRS taxes them as "property" Have you reported your crypto holdings and transactions, paid applicable property taxes on your holdings, and applicable income taxes? Oh, and by the way, the U.S. government does not accept any crypto as payment for taxes.
4) ICYMI Tech News:
Apple CEO Tim Cook: new regulations on the tech industry ‘inevitable’--"Generally speaking, I am not a big fan of regulation," Cook told Axios on HBO. "I'm a big believer in the free market, but we have to admit when the free market is not working. And it hasn't worked here." See also Washington pummels Facebook: ‘Big tech can no longer be trusted’--recode.net.
US-based Kroger and UK-based Ocado to build first robotic warehouse in Cincinnati in a joint effort to dominate the U.S. grocery delivery business--reuters.com.
US tops world in internet development, with China in second place, said China's Academy of Cyberspace Studies, an institute affiliated with the Cyberspace Administration of China, in its second annual World Internet Development Report. According to the report, the US leads in innovation, industry development and security. Also four U.S. companies, Tesla, Amazon, Microsoft and Qualcomm, were the only non-Chinese companies receiving special mentions at China's recent World Internet Conference 2018 in Wuzhen, along with eleven Chinese companies--scmp.com.
US tops world in internet development, with China in second place, said China's Academy of Cyberspace Studies, an institute affiliated with the Cyberspace Administration of China, in its second annual World Internet Development Report. According to the report, the US leads in innovation, industry development and security. Also four U.S. companies, Tesla, Amazon, Microsoft and Qualcomm, were the only non-Chinese companies receiving special mentions at China's recent World Internet Conference 2018 in Wuzhen, along with eleven Chinese companies--scmp.com.
-- John Poole, Editor, Domain Mondo
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