Saudi Aramco shares surged the maximum permitted 10 percent above their initial public offering (IPO) price on their Riyadh stock market debut on December 11, nearing a $2 trillion valuation.The shares leapt to 35.2 riyals ($9.39) each, up from the IPO price of 32 riyals. The daily limit of price move allowed by the Tadawul exchange is 10 percent.That gives the state-owned oil giant a market value of about $1.88 trillion, comfortably making it the world's most valuable listed company, although it will have one of the smallest "free floats" of publicly tradeable shares, at just 1.5 percent. This will help it achieve the $2 trillion valuations sought by Saudi Crown Prince Mohammed bin Salman.Close Saudi Arabian Oil Co (Aramco) raised a record $25.6 billion in its IPO last week, giving it a market value of around $1.7 trillion. related news MSCI, S&P Dow Jones, FTSE Russell could fast-track Aramco into indices Politics | New energy in India-Saudi Arabia ties … [Read more...] about Saudi Aramco IPO: Shares list with 10% gains on Riyadh stock exchange
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Even the most absent-minded smartphone user is probably aware that apps keep tabs on where they go. Many apps wouldn’t work without location data. But few realize just how often that location tracking is happening—even when it’s not necessary, even when their apps aren’t being used, and, increasingly, even when a user isn’t even carrying their phone. Tracking you across the map isn’t always about improving user experience, of course, but rather about better understanding who you are and what kind of advertising to show you. If, for instance, a company knows that you’ve just stepped foot in one of their stores, they might start targeting you with ads touting a sale. advertisement advertisement It’s hard to dispute the value of a good sale, but location tracking raises all sorts of privacy concerns. (Not to mention that using the GPS will drain your smartphone’s battery faster.) Should app makers know where we live, where … [Read more...] about How—And Why—Apple, Google, And Facebook Follow You Around In Real Life
Recently I was told that a TEDx talk I gave was inspiring, courageous, beautiful, funny, but a little unconvincing. Good feedback overall, I thought. But what was most memorable about that review was that it didn’t come from a human. advertisement advertisement In his lab at the University of Tokyo, professor Toshihiko Yamasaki has developed a machine-learning system that runs sentiment analysis on a presenter’s words, voice, and tone. It then gives feedback by scoring the presentation against a database of how viewers have rated videos on TED.com. My speech was evaluated against the TED Talk archive, according to 14 separate categories Yamasaki has pinpointed, including how “courageous,” “long-winded,” and “jaw-dropping” it was. Yamasaki originally developed the system to give speakers an opportunity to receive objective feedback in order to improve their delivery. Though he admits he may have had a personal motive, too. … [Read more...] about Can These AI-Powered Tools Help You Perfect Your Next Presentation?
Late recovery on D-Street in the second half of the trading session helped benchmark indices close above crucial support levels on Wednesday. The S&P BSE Sensex rose nearly 200 points while the Nifty50 reclaimed 11,900 levels.Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 172 points to 40,412 while the Nifty50 closed with gains of 53 points to 11,910 on Wednesday.Close Sectorally, the action was seen in Oil & Gas, IT, as well as, realty space while profit-taking was witnessed in capital goods, telecom, and metal stocks. related news Closing Bell: Nifty ends above 11,900, Sensex up 172 pts; Yes Bank slips 14% Taking Stock: SBI, Yes Bank biggest losers in banking space; Nifty holds 11,850 Closing Bell: Sensex ends 248 pts lower, Nifty holds 11,850; FMCG, IT, metal, PSU banks drag the most Broader market underperformed benchmark indices. The S&P BSE Midcap index was up 0.52 percent while the S&P BSE Smallcap index closed … [Read more...] about Taking Stock: Late recovery helps Sensex settle 172 pts higher; Yes Bank share price down 15%
If Steve Jobs’s life were staged as an opera, it would be a tragedy in three acts. And the titles would go something like this: Act I–The Founding of Apple Computer and the Invention of the PC Industry; Act II–The Wilderness Years; and Act III–A Triumphant Return and Tragic Demise. advertisement advertisement The first act would be a piquant comedy about the brashness of genius and the audacity of youth, abruptly turning ominous when our young hero is cast out of his own kingdom. The closing act would plumb the profound irony of a balding and domesticated high-tech rock star coming back to transform Apple far beyond even his own lofty expectations, only to fall mortally ill and then slowly, excruciatingly wither away, even as his original creation miraculously bulks up into the biggest digital dynamo of them all. Both acts are picaresque tales that end with asurge of deep pathos worthy of Shakespeare. But that second act–The Wilderness … [Read more...] about The Lost Steve Jobs Tapes