The NBA’s public strife with China has dominated the headlines, will Nike be one of the victims?

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Photo by chelsea ferenando on Unsplash

It all started with a tweet. In 2019, this prologue can be lifted from the story of an international conflict just as easily as that of a teen drama on your TV screens. We’re closer to the former than the latter with today’s story which may disappoint many of you. The tweet in question is from Houston Rockets GM Daryl Morey, one of the perennial contenders for the coveted NBA championship. …


Match Group stock rises almost 5% after a lovers’ long weekend

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Women using Tinder on her phone
Women using Tinder on her phone
Photo by freestocks.org on Unsplash

Since close of business Friday, Match Group’s (NASDAQ: MTCH) stock has risen almost 5%. While we’d all like to believe this was down to a particularly amorous weekend of swiping, the bump has been attributed to the analyst company Nomura upgrading the stock from a ‘neutral’ to a ‘buy’, setting a target price of $88 per share.

Nomura Holdings looked at the potential downside of an upcoming lawsuit against the Tinder parent company from the Federal Trade Commission and deemed it to be limited, declaring the “$60 million penalty would be insignificant.” The lawsuit in question is reprimanding Match Group for “fake love interest advertisements” in order to fraudulently obtain sign-ups. …


Airbus looks to the future with its new automated production facility in Hamburg

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Robotic hand outstretched, representing help from automation
Robotic hand outstretched, representing help from automation
Photo by Franck V. on Unsplash

In a move that lines up with Airbus’ (EPA:AIR) lofty ambitions, the company has opened a highly automated fuselage structure assembly line for A320 Family aircraft in Hamburg. Airbus predicts that over 39,000 new aircrafts will be needed in the next 20 years, and to satisfy this demand, the company is looking to further automate its production line.

A telling quote from CEO Michael Schoellhorn shows the intention he has for the company’s production facilities moving forward: “We cannot increase production any further if we continue to produce as we do today”. It seems that the opening of the highly automated Hamburg plant will be the first of many of its kind. Speaking on the new facility, his focus on automation is clear: “Increasing the level of automation and robotics enables faster, more efficient manufacturing while keeping our prime focus on quality”. …


Twitch.tv has carved itself a specialised slice of both the social media and streaming service pies.

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Gamer playing on Amazon’s streaming service, Twitch
Gamer playing on Amazon’s streaming service, Twitch
Photo by Florian Olivo on Unsplash

Streaming services are at the tip of everyone’s tongue at the minute. While Netflix (NASDAQ: NFLX) shareholders wait anxiously for the arrival of Disney (NYSE: DIS) and Apple (NASDAQ: AAPL) to enter the market and commence the battle for your living room, no one is talking about Amazon’s (NASDAQ: AMZN) streaming service. Not the one you get with your delivery service, their eSports gaming service.

Check out 3 stocks that will suffer in a recession.

Twitch.tv was bought by Amazon for roughly $1 billion in 2014 and has since gone from strength to strength, with a current valuation of $3.79 billion. Not a bad investment from Amazon CEO Jeff Bezos. Twitch allows gamers to live stream their play, watch others and connect with its community of millions of gamers across the globe. The popularity of eSports has been growing exponentially, evidenced by top streamers Pewdiepie and Ninja having over 250 million social media interactions between them. To put that into context, Lebron James in the same timeframe had 125 million. …


Daxing International Airport will employ facial recognition, artificial intelligence and augmented reality when it opens its doors to the public today

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Huawei 5G Technology supports Beijing’s newest smart airport
Huawei 5G Technology supports Beijing’s newest smart airport
Photo by Erik Odiin on Unsplash

Huawei announced its Smart Airport 2.0 Solution at CEBIT 2018, with a goal of “helping customers build future-oriented smart airports”, and Daxing International Airport has done just that. Projected to handle 72 million passengers by 2025 and boasting the world’s largest single terminal building covering 7.53 million square feet, or for those who prefer to measure in football fields, 98, this is quite an undertaking for Huawei.

China unicom will deploy Huawei’s 5G technology to enable the smart travel system of Daxing Airport. It enables travellers with China Eastern Airlines to purchase tickets, check in bags, complete security checks and board the aircraft through facial recognition technology. Huawei have stated the 5G speed of 1.2 Gigabits per second was 100 times faster than the previous 4G system. …


Online payment processing company Stripe announced exciting new funding worth $250 million.

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Stripe Reaches Dizzying Heights Of $35 Billion Valuation
Stripe Reaches Dizzying Heights Of $35 Billion Valuation
Photo by rupixen on Unsplash

Receiving further funding of $250 million last Thursday, Irish born, Silicon Valley raised Stripe has designated its most recent windfall towards international expansion, growing its product stack and extending its services for enterprise clients.

New products like Stripe Capital, which is a lending facility for online businesses, as well as a new Stripe Corporate Card head up the additions to the products. Its aim of having a presence in 40 countries worldwide is well underway, having launched in eight new states across Eastern Europe earlier this month. The last piece to this strategic triptych involves expanding Stripe’s ability to provide service to their enterprise clients, from internet startups to international conglomerates such as Uber (NYSE: UBER), Amazon (NASDAQ: AMZN) and newly announced customer AirBnB, amongst others. …

About

Michael O’Mahony

Michael is our SEO specialist here at MyWallSt. He’s got his finger on the pulse.

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