Apple isn't exactly known for taking risks. Even when it launches something new, it's usually after a lot of careful consideration. It's almost never first to a new market, preferring instead to take its time watching everyone else try and figure it out . That's understandable--as the world's most valuable company , it has a lot to lose. Also, there's the fact that it owes its $2.5 trillion market cap to the fact everything it makes is built on the promise of being simple and secure. Apple, after all, is the it-just-works company . Of course, when it does get involved, it usually ends up on top . That's why it's so interesting to think about Apple and crypto. To most people, crypto is either a weird hobby that your computer-savvy friend is into but no one else understands, or it's a scam (or some degree of both). It has to do with mining or buying strangely named digital "coins," and hoping the value goes up enough that lots of other people buy them, making the … [Read more...] about Why the Future of Crypto Is Entirely Up to Apple
Apple losing money
Share to Twitter Share to Linkedin Director and CIO of cKers Finance, and co-founder of global sustainability advisory firm cKinetics. Carbon markets today are estimated to be worth over $100 billion and are expected to grow in the coming years. This potential spike in value could lead to a great opportunity for both the environment and investors. Has a new gold rush started? Let’s take a closer look. Carbon Is A Way To Put Value On A Scarce Resource: Air Imagine that our Earth was the size of an apple. Our atmosphere would be similar to the skin of the apple. That is how small our atmosphere is. The atmosphere stretches a mere 6.2 miles after which it rapidly loses its air density. So far, we have deemed air to be an endless resource, but that is clearly not the case. Carbon markets are a way to put a price on the real estate that exists above our heads. Combatting Climate Change By Bringing Carbon Markets To The Forefront … [Read more...] about Could Carbon Markets Become Larger Than Oil And Gas?
It's been a tough few weeks for Meta , the parent company of Facebook, Instagram, and WhatsApp. The company announced its first-ever drop in quarterly revenue on the same day the FTC announced it was suing to block the company's attempt to purchase Within, maker of the popular Supernatural VR app. Before that, CEO Mark Zuckerberg faced criticism for telling employees that some of them should probably quit. Then, the company announced that starting Monday, it is raising the price of the Quest 2 by $100. It's still the same VR headset, with the same hardware and software. If you bought one last week, it will function exactly the same as it does now that it costs more. Nothing else has changed. Well, to be fair, one other thing has changed. I don't think it's a coincidence that August is when Zuckerberg has said you will no longer have to log in with your Facebook account. That may not sound like a big deal, but it means Meta is losing out on all of the … [Read more...] about Mark Zuckerberg Just Raised Prices on the Quest 2. It’s How You Know the Metaverse Isn’t Coming Any Time Soon
U.S. stocks continued to claw their way back last week, especially growth stocks . For the week, the Nasdaq posted a gain of 2.2% and the S&P 500 rose 0.4%. The Dow? Not so much, sliding just 0.1%. A blowout jobs report for July offered up another dose of good news for the economy and not-so-good news for the stock market, but equity investors hung in there. U.S. employers added 528,000 jobs to their payrolls last month , which was more than twice what was expected, and that added credence to the Federal Reserve 's stance that the U.S. economy is not in a recession given the continued strength of the labor market. So, the thinking goes, the Fed will continue to be aggressive in raising interest rates to cool down inflation, because it's not impacting companies' willingness to hire. That led to a steep selloff in U.S. Treasurys, with the yield on the 10-year Treasury note ending the week at 2.83%. Oil prices continue to tumble, hitting their lowest level since early … [Read more...] about Live from InvestFest with Downtown Josh Brown, BitBoy Crypto, and Lamar Wilson
Share to Twitter Share to Linkedin In a series of surprising and somewhat confusing moves, new leadership at Warner Bros. Discovery are gutting original programing across platforms and removing content from the new HBO Max streaming service. Most scripted content is cancelled at TNT, TBS, and HBO Max, while a number of existing films and series were deleted from HBO Max — including original content released on HBO Max months ago, as well as HBO cable service content that featured on the new service but which is now M.I.A. Here are some thoughts on what it means and how it could all shake out. This is my assessment and reaction to recent news concerning WBD, HBO Max, and their plans for the future. Much remains unknown, much remains to be seen, but for now we’ve seen and heard enough to have some initial thoughts about what it means and where it will lead. Yesterday, WBD leadership announced that HBO Max and Discovery+ will wind up merged into a single … [Read more...] about Warner Bros. Discovery New Bosses Gut Original Programing And Remove Content From Services
Share to Twitter Share to Linkedin The U.S. CHIPS and Science Act, which President Joe Biden is expected to sign, allocates $280 billion for a packed list of projects and priorities, including $52 billion in subsidies for domestic production of semiconductors. It's intended to "seize the future of decades to come," the president said , and "bring the semiconductor supply chain from China to Michigan," according to that state's governor, Gretchen Whitmer . But will it resolve the chip shortages now plaguing the auto industry and others, and will House Speaker Nancy Pelosi still need to visit Taiwan's big chipmaker in the future to ask for help? As you can imagine, the answer is complicated, so let me break it down into some digestible chunks The CHIPs bill aims to regain domestic manufacturing leadership lost to Asia The U.S. share of global semiconductor manufacturing capacity has fallen from 37% in 1990 to 12% today. Plus, federal … [Read more...] about Congress Is Giving Billions To The U.S. Semiconductor Industry. Will It Ease Chip Shortages?
Share to Twitter Share to Linkedin The proposal from hedge fund Third Point LLC for Intel to split its design and manufacturing operations could accelerate the decline of America’s last best hope for microelectronics manufacturing leadership. For Intel’s factories (its “fabs”) to regain leadership, they need customers to buy its output and help pay for its R&D, and anything that takes volume away from them will harm this effort. Over the short term, splitting the two would take volume away. Microelectronics manufacturing relies on scale to perfect new technologies Semiconductor microelectronic devices are made on silicon wafers, each carrying hundreds of individual chips (or “die”), using some of the most complex manufacturing technologies anywhere. The most advanced processes involve as many as 700+ steps and 80+ masking (imaging) levels. Each step involves procedures that are technically challenging, and because so many steps have to be carried … [Read more...] about Third Point’s Proposal To Intel Won’t Restore American Leadership In Microelectronics Manufacturing
- A + A (Aug 10): Semiconductors stocks tumbled after Micron Technology Inc became the latest chipmaker to warn about slowing demand, triggering concern the industry is heading into a painful downturn. In the US, the Philadelphia semiconductor index sank 4.6% on Tuesday with all 30 members in the red, its biggest fall in about two months. In Asia, chip stocks from Taiwan Semiconductor Manufacturing Co to Samsung Electronics Co, SK Hynix Inc and Tokyo Electron Ltd slumped. Investors are growing increasingly skittish the notoriously cyclical industry is hurtling toward a prolonged slump after years of widespread shortages that led to heavy investments in capacity. “We continue to believe we are entering the worst semiconductor downturn in at least a decade, and possibly since 2001 given the expectation of a recession and inventory build,” Christopher Danely, a Citigroup Inc analyst, said in a report. “We expect every company in our coverage universe and every end … [Read more...] about Chipmakers tumble on warnings of worst downturn in a decade