Category: technology

How U.S. Army’s Billion-Dollar Gamble On Drone Defense Could Go Wrong

By [email protected]_84

The U.S. Army has just put more than a billion dollars into a new air defense system called IM-SHORAD to protect soldiers from drone attacks. It is a vital mission – but the last time the Army tried to develop something like this the project failed horribly. And even if the new system works as intended, serious questions remain.

The U.S. has enjoyed air superiority, if not air supremacy, in every conflict for decades. American planes have swept the enemy aircraft from the sky or destroyed them on the ground. The last time an American soldier was killed by enemy air attack was during the Korean War. As a result, while the Russians and others have continued to develop generations of armored vehicles carrying surface-to-air missiles

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Just Eat Takeaway doubled its orders in Canada. It’s coming for the US next

By [email protected]_84

Just Eat Takeaway.com said on Wednesday that orders in Canada — where it operates as Skip The Dishes — rose by 98% to 23.5 million in the third quarter compared with the same period last year.

Canadians have been used to picking up food from restaurants rather than having it delivered to their homes. But that appears to be changing, encouraged by restrictions imposed during the pandemic and lockdowns that kept people at home.

“We are now transforming that pick-up culture into a delivery culture, that’s why it’s growing so quickly,” Just Eat Takeaway.com’s investor relations manager Joris Wilton told CNN Business, adding that the second quarter had seen similar levels of growth.

A big increase in the selection of meals offered by restaurants also helped, making consumers more likely to order food more often, he said.

Just Eat Takeaway.com, which was formed through a high-stakes merger last year, is
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The stock market is sending signals that a Biden-led blue wave is getting less certain, says one Wall Street strategist

By [email protected]_84


  • While the polls suggest a blue wave victory is in reach for Democrats this November, the stock market isn’t so sure, according to a note from Evercore ISI.
  • Wall Street strategists have been forecasting that a blue wave would likely be positive for stocks on hopes of a large stimulus deal shortly after the election, which would help spur a surge in value and cyclical stocks.
  • But this week’s rotation out of value and into tech suggests that chances of a blue wave in November are less likely, according to the note.
  • Visit Business Insider’s homepage for more stories.

Wall Street is increasingly expecting a blue wave victory for Democrats this November after the polls close, which would likely lead to the reflation trade: a surge in cyclical and value stocks at the expense of technology and growth stocks.

But recent trading activity in the stock market suggests

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How JPMorgan and BlackRock are thinking of playing fund manager M&A

By [email protected]_84

  • Top brass from JPMorgan and BlackRock, among the firms to kick off earnings season with their results, said Tuesday that they expect more consolidation in the wealth- and asset-management industries.
  • Pressures on money managers have fueled a flurry of acquisitions in those areas this year, and analysts questioned executives about their own deal ambitions, albeit coming from different corners of the market. 
  • JPMorgan boss Jamie Dimon said the bank would be “very interested” in deals in that space, and BlackRock finance chief Gary Shedlin said the firm was focused on targets that could expand its technology, global distribution, and private markets capabilities.
  • Last week, Morgan Stanley said it would buy investment manager Eaton Vance in a deal valued at $7 billion just days after it closed on its E-Trade acquisition. 
  • Visit Business Insider’s homepage for more stories.

Top brass at the world’s largest asset manager and largest US bank told

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Faraday Future Completes Bridge Financing to Push Forward Production of Its All-electric FF 91 Luxury Vehicle

By [email protected]_84

  • Amended Bridge Financing Includes up to $45 Million in New Senior Secured Financing

  • Birch Lake Fund Management LP, Which Led Senior Bridge Financing Facility in 2019, Returns to Support Faraday Future

 

Faraday Future (FF), a California-based global shared intelligent mobility ecosystem company, today announced that it has completed the expansion and extension of the senior bridge financing facility put in place in 2019 to support the completion and launch of its flagship FF 91 EV and continue development of the mass-market FF 81. The amended bridge facility includes new senior secured financing of up to $45 million, which matures in October 2021.

As part of the expanded and extended financing agreement, Birch Lake, a Chicago-based merchant bank, has returned to support FF as the majority purchaser of the new senior secured financing. The principals of Birch Lake and co-investor, ATW Partners, a New York-based private equity firm, bring extensive experience

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Teads Launches ‘Teads Conversions’ for Performance Buyers and inRead Stories for Extending Social Campaign Reach

By [email protected]_84

  • ‘Teads Conversions’: the new robust lower-funnel solution, geared to drive traffic and on-site conversions for advertisers

  • ‘inRead Stories’ and ‘inRead Social B2B’: allowing brands to extend the reach of their social campaigns beyond the walled gardens

Today, Teads, The Global Media Platform, unveiled a suite of updates including the expansion of its robust performance offering along with new social products and measurement solutions. The announcements were made during the inaugural ‘Teads Partner Day’, a global virtual event that brought together more than 1,000 brand marketers, agency partners and trade journalists.

Among the main innovations the company announced is ‘Teads Conversions’, a new performance programmatic solution geared towards helping brands deliver on-site conversions such as leads, add to cart, registrations and sales. This solution allows clients to access Teads’ high quality traffic and premium publisher inventory while optimizing towards lower-funnel outcomes via the leading DSPs in the marketplace. The solution

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Verizon’s iPhone 12 deals include free phones for switchers, upgrade discounts

By [email protected]_84

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Verizon is offering iPhone 12 discount if you meet the right criteria. 


screenshot/Apple

Looking for the new iPhone 12 on Verizon? The carrier has some deals if you meet the right criteria. 

Fresh off of the announcement that it has turned on its new 5G nationwide network, the nation’s largest carrier on Tuesday announced its deals for Apple’s latest iPhones. As with prior years, those who are switching to Verizon will be able to get an iPhone 12 for free when they trade-in “select” phones and sign up for either a Do More, Play More or Get More unlimited plan. 


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Those who already have Verizon will be able to get the iPhone 12 for as low as $15

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Review: ‘Billion Dollar Loser,’ by Reeves Wiedeman

By [email protected]_84

Neumann spun an origin myth about growing up on a kibbutz in Israel, where he appreciated the community but bristled at how everyone was rewarded the same regardless of how much work they put in. He envisioned WeWork, he said, as a “capitalist kibbutz”—a “community,” but the kind where “you eat what you kill.”

Wiedeman (with whom I overlapped while working at The New Yorker) presents a more nuanced portrait of the founder as a young man. Neumann was born in 1979 in Beersheba, Israel, to physician parents who shuttled Neumann and his sister around desert towns before moving to the suburbs of Tel Aviv. When he was in the second grade, his grandmother realized that he couldn’t read the menu at a restaurant; he was dyslexic. “He had become skilled at fooling his teachers and coaxing others to do what he needed,” Wiedeman writes. After his parents divorced

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Why Apple Quietly Discontinued urBeats3 Headphones

By [email protected]_84

KEY POINTS

  • Apple has released the new Beats Flex wireless headphones
  • It has quietly discontinued the older urBeats3 headphones
  • The new device is cheaper than the older one

Apple has announced its newest and cheapest wireless earbuds yet and quietly discontinued a pair of wired earphones that it has been selling for quite some time now.

Cupertino tech giant Apple launched the new Beats Flex, a pair of wireless earbuds that aren’t truly wireless like the AirPods. At $50, the new device takes its place as the company’s cheapest offering for those who want a pair of wireless earphones for less than $100.

The new Beats Flex replaces the urBeats3, which was previously sold for $60. The older audio accessory, which was available in Lightning and 3.5mm versions, has been quietly discontinued and is no longer offered in Apple’s stores.

Those who try to go to the website previously used

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The Horrific WhatsApp Rumor Mill Fueling Brooklyn’s COVID Backlash

By [email protected]_84

In the hundreds-strong WhatsApp group chats used by many members of Brooklyn’s ultra-Orthodox Jewish community, fake news has become a contagion unto itself.



a group of people standing in front of a crowd: Spencer Platt/Getty


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“MUST WATCH DR USES VAPE TO SHOW MASKS DON’T WORK,” blared one video recently forwarded in the discussion thread of a prominent Hasidic family based in the neighborhood of Borough Park, where coronavirus rates have spiked in recent weeks.

“BREAKING Jewish journalist Jacob Kornbluh was just found dead by the NYPD in his apartment in Brooklyn. Sources say it might be suicide,” read a false update another community insider relayed from a popular chat group on Monday, referring to the Jewish Insider reporter assaulted during a demonstration against new restrictions aimed at the outbreak there.



graphical user interface, text, application, chat or text message: WhatsApp


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WhatsApp

Kornbluh is very much alive, and declined to comment on the message besides calling it “stupid” and

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