TOP 5 STOCKS TO WATCHOUT:-
1. #FACEBOOK-Facebook has taken down content that spread lies in Israel against coronavirus vaccinations as the government seeks to drum up support for the programme, the Justice Ministry said on Sunday.
Prime Minister Benjamin Netanyahu on Saturday became the first person to be vaccinated in Israel. Opinion polls show some two-thirds of the public want to follow suit.
The Justice Ministry said that, at its request, Facebook took down four groups at the weekend that had disseminated texts, photographs and videos with "deliberately mendacious content designed to mislead about coronavirus vaccines".
2. #HUAWEI-Huawei Chief Financial Officer Meng Wanzhou's alleged actions had "no genuine connection" to the United States, her lawyers have argued in their latest bid to end her extradition from Canada, according to court documents released on Friday.
Meng, 48, was arrested two years ago at the Vancouver airport by Canadian police on an arrest warrant from the United States, where she is charged with bank and wire fraud for allegedly misleading HSBC about Huawei Tech Co Ltd's business dealings in Iran.
She has claimed innocence and is fighting the extradition while under house arrest in Vancouver. Witness testimony wrapped up earlier this week in her case.
Her lawyers have fought to add an additional allegation of abuse of process to the case, claiming that the United States misrepresented Meng's actions to Canada in its request for her extradition, and that her actions did not cause HSBC to violate U.S. sanctions against Iran.
3.#SOFT BANK :- The U.S. unit of SoftBank-backed robotics startup CloudMinds has changed its name to distance itself from the blacklisted China-based firm, two people with knowledge of the matter said, and is selling face-scanning temperature monitors through T-Mobile US.
The unit is selling its cloud-connected products under the new name at a time of heightened concern in the United States about the national security risk of Chinese firms collecting and using the personal data of U.S. citizens.
Documents filed in California showed the unit became Wright Robotics in August, after the United States in May added CloudMinds to its so-called Entity List citing the risk of the firm procuring items and technology for China's military.
The United States can restrict sales to blacklisted firms of goods made domestically as well as goods made abroad containing U.S. technology.
It expanded the definition of military end-use in April to include any firm that supported the maintenance or production of military items even if they primarily did commercial business.
4. #TESLA :-Tesla Inc and Wall Street made 2020 the year that the U.S. auto industry decided to go electric.
Tesla's market capitalization surged above $600 billion, making the once wobbly startup founded by billionaire Elon Musk worth more than the five top-selling global vehicle making groups combined. The exclamation point came on Friday when Tesla rose to a record high in frantic trading ahead of the stock's much-anticipated entrance into the benchmark S&P 500 INDEX..
For 2021, all signs point toward the industry accelerating its shift toward electrification, a turning point as historically momentous as the launch of Ford Motor Co's moving assembly line for the Model T or General Motors 2009 bankruptcy.
5. #AMAZON:-The New Delhi High Court on Monday dismissed India's Future Retail's plea that sought to restrain its partner Amazon.com Inc from interfering in its $3.4 billion asset sale deal with Reliance Industries.
Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led #Reliance Industries. The deal breaches agreements made in 2019 by Future, according to the U.S. online retailer.
In October, Amazon had won an injunction to halt Future's deal with Reliance from a Singapore arbitrator both sides had agreed to use in case of disputes.
Future later said the order was not binding, prompting Amazon to lodge a complaint with India's market regulator
1. #FACEBOOK-Facebook has taken down content that spread lies in Israel against coronavirus vaccinations as the government seeks to drum up support for the programme, the Justice Ministry said on Sunday.
Prime Minister Benjamin Netanyahu on Saturday became the first person to be vaccinated in Israel. Opinion polls show some two-thirds of the public want to follow suit.
The Justice Ministry said that, at its request, Facebook took down four groups at the weekend that had disseminated texts, photographs and videos with "deliberately mendacious content designed to mislead about coronavirus vaccines".
2. #HUAWEI-Huawei Chief Financial Officer Meng Wanzhou's alleged actions had "no genuine connection" to the United States, her lawyers have argued in their latest bid to end her extradition from Canada, according to court documents released on Friday.
Meng, 48, was arrested two years ago at the Vancouver airport by Canadian police on an arrest warrant from the United States, where she is charged with bank and wire fraud for allegedly misleading HSBC about Huawei Tech Co Ltd's business dealings in Iran.
She has claimed innocence and is fighting the extradition while under house arrest in Vancouver. Witness testimony wrapped up earlier this week in her case.
Her lawyers have fought to add an additional allegation of abuse of process to the case, claiming that the United States misrepresented Meng's actions to Canada in its request for her extradition, and that her actions did not cause HSBC to violate U.S. sanctions against Iran.
3.#SOFT BANK :- The U.S. unit of SoftBank-backed robotics startup CloudMinds has changed its name to distance itself from the blacklisted China-based firm, two people with knowledge of the matter said, and is selling face-scanning temperature monitors through T-Mobile US.
The unit is selling its cloud-connected products under the new name at a time of heightened concern in the United States about the national security risk of Chinese firms collecting and using the personal data of U.S. citizens.
Documents filed in California showed the unit became Wright Robotics in August, after the United States in May added CloudMinds to its so-called Entity List citing the risk of the firm procuring items and technology for China's military.
The United States can restrict sales to blacklisted firms of goods made domestically as well as goods made abroad containing U.S. technology.
It expanded the definition of military end-use in April to include any firm that supported the maintenance or production of military items even if they primarily did commercial business.
4. #TESLA :-Tesla Inc and Wall Street made 2020 the year that the U.S. auto industry decided to go electric.
Tesla's market capitalization surged above $600 billion, making the once wobbly startup founded by billionaire Elon Musk worth more than the five top-selling global vehicle making groups combined. The exclamation point came on Friday when Tesla rose to a record high in frantic trading ahead of the stock's much-anticipated entrance into the benchmark S&P 500 INDEX..
For 2021, all signs point toward the industry accelerating its shift toward electrification, a turning point as historically momentous as the launch of Ford Motor Co's moving assembly line for the Model T or General Motors 2009 bankruptcy.
5. #AMAZON:-The New Delhi High Court on Monday dismissed India's Future Retail's plea that sought to restrain its partner Amazon.com Inc from interfering in its $3.4 billion asset sale deal with Reliance Industries.
Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led #Reliance Industries. The deal breaches agreements made in 2019 by Future, according to the U.S. online retailer.
In October, Amazon had won an injunction to halt Future's deal with Reliance from a Singapore arbitrator both sides had agreed to use in case of disputes.
Future later said the order was not binding, prompting Amazon to lodge a complaint with India's market regulator
TOP 5 STOCKS TO WATCHOUT:-
1.#HUAWEI:- Huawei has appealed against a court decision that allowed Swedish telecoms regulator PTS to resume 5G spectrum auctions when the Chinese telecom equipment maker is excluded from the country's 5G rollout. A Swedish court on Dec. 16 backed an appeal by PTS against a ruling to stop the auctions, but also said Huawei could pursue a legal challenge over its exclusion.
PTS said on Dec. 18 that it would resume 5G spectrum auctions on Jan. 19, after a challenge from Huawei led to a court injunction that prevented them going ahead.
"There seems to be no willingness by PTS to revisit their decision," Kenneth Fredriksen, Huawei's Executive Vice President, Central East Europe and Nordic Region, told Reuters, after meeting with the telecoms regulator earlier on Thursday.
"We believe it's critical that the auction is once again stopped until the legal uncertainties are removed, either through court settlement or out of court settlements," he said.
2. #PAYPAL :--PayPal Holdings Inc 's venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.
Taxbit will use the cash injection, of an undisclosed amount, to grow the team and expand the business, said Austin Woodward , the company's chief executive and founder.
"Going international is a huge piece of the puzzle," Woodward said in an interview.
Taxbit has also raised funds via Coinbase Ventures, the venture capital division of the popular cryptocurrency exchange, and existing investor Winklevoss Capital, the family office founded by tech entrepreneurs Tyler and Cameron Winklevoss.
3.#HYUNDAI:- South Korea’s Hyundai Motor Co. is in early stage talks with Apple Inc. to co-operate on self-driving electric vehicles and batteries.
Hyundai Motor shares soared 20.15% to KRW247,500 ($226.55) by 11:33 PM ET (4:33 AM GMT). The news sent shares up as much as 24% earlier in the session, the biggest intraday stock surge since 1988.
“Apple and Hyundai are in discussion, but as it is at early stage, nothing has been decided,” the South Korean company said in a statement Friday.
Korean media reported the discussions earlier in the day. It was also reported that Hyundai has completed internal discussions on the collaboration and is currently awaiting approval from Chairman Eui Sun Chung.
4.MICRON :-Micron reported fiscal second-quarter earnings guidance that topped estimates Tuesday, and first-quarter results that topped expectations as a recovery in chip memory demand underpinned by an acceleration in the growing number of moving into the digital age.
Micron Technology shares gained 1% in after-hours trade following the report.
The company guided fiscal second-quarter EPS of 68 cents to 82 cents, above estimates for EPS of 64 cents, and revenue of $5.6 billion to $6.0 billion, just above consensus of $5.52 billion.
5. #BOEING Co :- Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over two plane crashes that killed a total of 346 people and led to the grounding of its 737 MAX jetliner.
The settlement, which allows Boeing to avoid prosecution, includes a fine of $243.6 million, compensation to airlines of $1.77 billion and a $500 million crash-victim fund over fraud conspiracy charges related to the plane's flawed design.
Boeing said it would take a $743.6 million charge against its fourth-quarter 2020 earnings to reflect the deferred prosecution agreement, a form of corporate plea bargain. Boeing had put aside reserves of $1.77 billion in prior quarters to provide for compensation to airlines.
The Justice Department deal, announced after the market close on Thursday, caps a 21-month investigation into the design and development of the 737 MAX following the two crashes, in Indonesia and Ethiopia in 2018 and 2019, respectively.
1.#HUAWEI:- Huawei has appealed against a court decision that allowed Swedish telecoms regulator PTS to resume 5G spectrum auctions when the Chinese telecom equipment maker is excluded from the country's 5G rollout. A Swedish court on Dec. 16 backed an appeal by PTS against a ruling to stop the auctions, but also said Huawei could pursue a legal challenge over its exclusion.
PTS said on Dec. 18 that it would resume 5G spectrum auctions on Jan. 19, after a challenge from Huawei led to a court injunction that prevented them going ahead.
"There seems to be no willingness by PTS to revisit their decision," Kenneth Fredriksen, Huawei's Executive Vice President, Central East Europe and Nordic Region, told Reuters, after meeting with the telecoms regulator earlier on Thursday.
"We believe it's critical that the auction is once again stopped until the legal uncertainties are removed, either through court settlement or out of court settlements," he said.
2. #PAYPAL :--PayPal Holdings Inc 's venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.
Taxbit will use the cash injection, of an undisclosed amount, to grow the team and expand the business, said Austin Woodward , the company's chief executive and founder.
"Going international is a huge piece of the puzzle," Woodward said in an interview.
Taxbit has also raised funds via Coinbase Ventures, the venture capital division of the popular cryptocurrency exchange, and existing investor Winklevoss Capital, the family office founded by tech entrepreneurs Tyler and Cameron Winklevoss.
3.#HYUNDAI:- South Korea’s Hyundai Motor Co. is in early stage talks with Apple Inc. to co-operate on self-driving electric vehicles and batteries.
Hyundai Motor shares soared 20.15% to KRW247,500 ($226.55) by 11:33 PM ET (4:33 AM GMT). The news sent shares up as much as 24% earlier in the session, the biggest intraday stock surge since 1988.
“Apple and Hyundai are in discussion, but as it is at early stage, nothing has been decided,” the South Korean company said in a statement Friday.
Korean media reported the discussions earlier in the day. It was also reported that Hyundai has completed internal discussions on the collaboration and is currently awaiting approval from Chairman Eui Sun Chung.
4.MICRON :-Micron reported fiscal second-quarter earnings guidance that topped estimates Tuesday, and first-quarter results that topped expectations as a recovery in chip memory demand underpinned by an acceleration in the growing number of moving into the digital age.
Micron Technology shares gained 1% in after-hours trade following the report.
The company guided fiscal second-quarter EPS of 68 cents to 82 cents, above estimates for EPS of 64 cents, and revenue of $5.6 billion to $6.0 billion, just above consensus of $5.52 billion.
5. #BOEING Co :- Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over two plane crashes that killed a total of 346 people and led to the grounding of its 737 MAX jetliner.
The settlement, which allows Boeing to avoid prosecution, includes a fine of $243.6 million, compensation to airlines of $1.77 billion and a $500 million crash-victim fund over fraud conspiracy charges related to the plane's flawed design.
Boeing said it would take a $743.6 million charge against its fourth-quarter 2020 earnings to reflect the deferred prosecution agreement, a form of corporate plea bargain. Boeing had put aside reserves of $1.77 billion in prior quarters to provide for compensation to airlines.
The Justice Department deal, announced after the market close on Thursday, caps a 21-month investigation into the design and development of the 737 MAX following the two crashes, in Indonesia and Ethiopia in 2018 and 2019, respectively.
TOP 5 STOCKS TO WATCHOUT:-
1.#INTEL:- The head of Intel Corp’s self-driving car subsidiary said on Tuesday the company wants to shift toward using its own radar-based technology and use a single lidar sensor per vehicle by 2025 in a bid to lower the cost of autonomous driving.
Mobileye Has taken a different strategy from many of its self-driving car competitors, with a current camera-based system that helps cars with adaptive cruise control and lane change assistance. Those systems are on the road today and are gathering data to help Mobileye map the roads in new cities.
For more advanced systems, the company plans to add both radar sensors, which use radio waves to detect distance from objects, and lidar, a laser-based system that helps self-driving vehicles gain a three-dimensional view of the road. For a planned fleet of so-called robotaxis, which are commercial vehicles meant to ferry around passengers, the company is tapping sensors from Luminar Technologies Inc.
In a presentation a the Consumer Electronics Show, Chief Executive Amnon Shashua said on Tuesday that Mobileye's robotaxis will use multiple Luminar units to gain 360-degree lidar, radar and camera coverage all around the vehicle. The robotaxis rolling out in at least eight cities starting in 2022 will each have four Luminar units, Shashua said in a subsequent question and answer session.
2. #HUAWEI :-Lawyers for Huawei Chief Financial Officer Meng Wanzhou argued in a court on Tuesday to let her leave home without the security detail that was a condition of her bail since she was released after her December 2018 arrest.
Meng's husband, Liu Xiaozong, gave an affidavit citing the negative impacts his wife's bail conditions have had on her and their family.
Meng, 48, was detained at the Vancouver International Airport two years ago by Canadian authorities acting on a U.S. arrest warrant. She faces charges in the United States of bank fraud for allegedly misleading HSBC bank about Huawei's business dealings in Iran, causing the bank to break U.S. sanctions.
She has said she is innocent and is fighting extradition.
"Allowing her to leave without her being in a vehicle or followed by Lionsgate Management (the security company) is the essence of our application," defense lawyer Bill Smart said.
Beijing detained two Canadians soon after Meng's arrest and has held them in prison for over two years, permitting them to see diplomatic representatives only rarely and subjecting them to interrogations.
Meng has been under house arrest after being released from jail on a C$10 million ($7.9 million) bail. She is permitted to leave home between 6 a.m. and 11 p.m. and pays for a round-the-clock security detail and wears a GPS tracking anklet.
3.#GENERAL MOTORS:-General Motors on Tuesday unveiled its Cadillac flying car and electric shuttle concepts in a virtual presentation at the annual CES show.
Cadillac also is working on a battery-powered luxury two-seater, said GM design chief Mike Simcoe, as part of GM Chief Executive Mary Barra's keynote presentation.
A senior GM executive described the concept as "reimagining the future of personal transportation".
The single-passenger Cadillac - technically, a vertical take-off and landing (VTOL) drone - will be able to travel from urban rooftop to urban rooftop at speeds up to 55 miles per hour.
It is fully fully autonomous and all-electric, with a 90kW motor, a GM Ultium battery pack and an ultra-lightweight body with four pairs of rotors.
The flying Cadillac was presented in a video as part of a virtual keynote presentation by Chief Executive Mary Barra, along with a family-friendly Cadillac electric shuttle.
Barra last year revealed the automaker was exploring such alternative transportation modes as aerial taxis.
4. #GOOGLE :-Alphabet Inc's YouTube said on Tuesday it has suspended Donald Trump's channel as it violated policies for inciting violence after last week's assault on the U.S. Capitol by the president's supporters.
Online platforms and social media companies are distancing themselves from, and taking action aga
1.#INTEL:- The head of Intel Corp’s self-driving car subsidiary said on Tuesday the company wants to shift toward using its own radar-based technology and use a single lidar sensor per vehicle by 2025 in a bid to lower the cost of autonomous driving.
Mobileye Has taken a different strategy from many of its self-driving car competitors, with a current camera-based system that helps cars with adaptive cruise control and lane change assistance. Those systems are on the road today and are gathering data to help Mobileye map the roads in new cities.
For more advanced systems, the company plans to add both radar sensors, which use radio waves to detect distance from objects, and lidar, a laser-based system that helps self-driving vehicles gain a three-dimensional view of the road. For a planned fleet of so-called robotaxis, which are commercial vehicles meant to ferry around passengers, the company is tapping sensors from Luminar Technologies Inc.
In a presentation a the Consumer Electronics Show, Chief Executive Amnon Shashua said on Tuesday that Mobileye's robotaxis will use multiple Luminar units to gain 360-degree lidar, radar and camera coverage all around the vehicle. The robotaxis rolling out in at least eight cities starting in 2022 will each have four Luminar units, Shashua said in a subsequent question and answer session.
2. #HUAWEI :-Lawyers for Huawei Chief Financial Officer Meng Wanzhou argued in a court on Tuesday to let her leave home without the security detail that was a condition of her bail since she was released after her December 2018 arrest.
Meng's husband, Liu Xiaozong, gave an affidavit citing the negative impacts his wife's bail conditions have had on her and their family.
Meng, 48, was detained at the Vancouver International Airport two years ago by Canadian authorities acting on a U.S. arrest warrant. She faces charges in the United States of bank fraud for allegedly misleading HSBC bank about Huawei's business dealings in Iran, causing the bank to break U.S. sanctions.
She has said she is innocent and is fighting extradition.
"Allowing her to leave without her being in a vehicle or followed by Lionsgate Management (the security company) is the essence of our application," defense lawyer Bill Smart said.
Beijing detained two Canadians soon after Meng's arrest and has held them in prison for over two years, permitting them to see diplomatic representatives only rarely and subjecting them to interrogations.
Meng has been under house arrest after being released from jail on a C$10 million ($7.9 million) bail. She is permitted to leave home between 6 a.m. and 11 p.m. and pays for a round-the-clock security detail and wears a GPS tracking anklet.
3.#GENERAL MOTORS:-General Motors on Tuesday unveiled its Cadillac flying car and electric shuttle concepts in a virtual presentation at the annual CES show.
Cadillac also is working on a battery-powered luxury two-seater, said GM design chief Mike Simcoe, as part of GM Chief Executive Mary Barra's keynote presentation.
A senior GM executive described the concept as "reimagining the future of personal transportation".
The single-passenger Cadillac - technically, a vertical take-off and landing (VTOL) drone - will be able to travel from urban rooftop to urban rooftop at speeds up to 55 miles per hour.
It is fully fully autonomous and all-electric, with a 90kW motor, a GM Ultium battery pack and an ultra-lightweight body with four pairs of rotors.
The flying Cadillac was presented in a video as part of a virtual keynote presentation by Chief Executive Mary Barra, along with a family-friendly Cadillac electric shuttle.
Barra last year revealed the automaker was exploring such alternative transportation modes as aerial taxis.
4. #GOOGLE :-Alphabet Inc's YouTube said on Tuesday it has suspended Donald Trump's channel as it violated policies for inciting violence after last week's assault on the U.S. Capitol by the president's supporters.
Online platforms and social media companies are distancing themselves from, and taking action aga