Category: LATEST TECH

Galaxy S20 FE isn’t a revolution in mobile tech, but it’s what 2020 calls for

Samsung’s Galaxy Note 20 Ultra and S20 Ultra might be packed to the hilt with the latest, greatest tech, but they also come with sky-high prices to match. That makes them a tricky sell at a time when purse strings are tightening and rivals like OnePlus are making great phones  at more affordable prices. The Galaxy S20 FE (which stands for “fan edition”) aims to offer much of what you’ll find in the company’s top-end phones but with a few tweaks here and there in order to keep the price down. 



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Samsung

Samsung unveils Galaxy S20 fan edition

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That price is $700 — the same as the iPhone 11. In the UK and Australia, it’s £599 or AU$999 for a 4G version, and £699 or AU$1,149 for 5G . (Only the 5G version will be offered in the US.) That’s

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Stocks close sharply lower as tech sector takes another hit

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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Sept. 23, 2020. Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook.

AP

Wall Street experienced more whiplash Wednesday as stocks closed broadly lower, wiping out the market’s gains from the day before.

The S&P 500 fell 2.4% after giving up an earlier gain. The selling, which accelerated in the afternoon, was widespread, though technology stocks accounted for the biggest losses. The decline deepens the benchmark index’s September slide to 7.5% after a five-month rally.

The market has shifted momentum several times recently. This week alone, a Monday swoon brought the S&P 500 to the edge of a 10% drop from its record high set on Sept. 2, what Wall Street calls a correction.

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Dow Falls 500 Points as Fed Warns More Stimulus Needed

Stocks ended sharply lower Wednesday as central bank officials warned more fiscal stimulus was needed to rescue a struggling U.S. economy.



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Dow Falls 500 Points as Fed Warns More Stimulus Needed

The Dow Jones Industrial Average finished down 525 points, or 1.92%, to 26,763, the S&P 500 was off 2.37% and the Nasdaq fell 3.02%.

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Amazon.com finished down 4.1%, and Alphabet declined 3.5%.

Federal Reserve Vice Chairman Richard Clarida, like Fed Chairman Jerome Powell before him, said the central bank believed “additional fiscal support will likely be needed” to lift the U.S. economy out of its coronavirus-related downturn.

Powell warned Tuesday in congressional testimony that a U.S. recovery from the coronavirus pandemic, which has killed more than 200,000 Americans, “continues to be highly uncertain.”

“The recovery will go faster if there’s support coming both from Congress and from the Fed,” Powell said.

Nike was the leading

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S&P 500 closes at lowest level since July as tech shares fall anew

Stocks accelerated losses into the close, erasing earlier gains and ending an advance that began on Tuesday. The S&P 500, Dow and Nasdaq each had their worst day in two weeks.

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The S&P 500 sank more than 2%, led by a drop in the energy and information technology sectors, to close at its lowest level since the end of July. The Nasdaq’s more than 3% decline brought the index down also to near a two-month low.

The Dow fell to its lowest close since the beginning of August, even as shares of component stock Nike Nike (NKE) climbed to a record high after reporting quarterly results that far surpassed consensus expectations. However, the increase was offset in the Dow by declines in tech names including Salesforce and Apple.

Shares of Stitch Fix (SFIX) sank more than 15%, after the digital personal styling service posted a wider than expected

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Tesla reveals new battery tech that will enable affordable EV

Tesla boss Elon Musk says the firm is working on a new generation of electric vehicle (EV) battery that will provide five times more energy and cost half as much as existing technology – but added that it’s at least three years away from production.

Musk said the new battery system, which uses larger cylindrical cells and will be produced in-house by Tesla, will enable the firm to launch an “affordable” $25,000 (£19,500) electric car, although he added “serious high-volume production” of that machine won’t be possible until 2022.

Developing such a car, which Musk promised would be able to “drive itself”, has been a long-held ambition for the American firm.

Musk made the announcement at a much-hyped Battery Day event, during which Tesla also revealed the specs of the range-topping Model S Plaid.

“We need to make more affordable cars,” said Musk. “One of the things that troubles me

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Tech lifts stocks as poor data rekindles stimulus hopes

MILAN (Reuters) – Shares rose and the dollar steadied at new highs on Wednesday, with overnight gains by Wall Street tech champions helping balance concerns that new restrictions to counter coronavirus infections will hurt the economic recovery.

Renewed hopes of stimulus measures in Europe also came into play after surveys of private sector economic activity in September painted a gloomy picture for the region, with rising COVID-19 infections leading to a downturn in services.

MSCI’s world equity index .MIWD00000PUS, which tracks shares in 49 countries, was 0.3% higher, while the pan-European STOXX 600 .STOXX benchmark progressively extended opening gains to rise 1.3%.

Technology shares were among the strongest gainers from the start in Europe following a rally overnight in U.S. heavyweights Amazon AMZN.O, Microsoft MSFT.O, and Apple AAPL.O, and a positive performance earlier of peers in Asia. Tech companies have been rare beneficiaries of lockdown measures,

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Tech must radically rethink how it treats independent contractors

Despite a surging stock market and many major tech players having record quarters, we’re still seeing layoffs throughout tech and the rest of corporate America. Salesforce recorded a huge quarter, passing $5 billion in revenue, only to lay off around 1000 people. LinkedIn is laying off 960 people one day after reporting a 10% increase in revenue.

These layoffs may seem like a contraction in size for these huge enterprises, but it’s actually the beginning of something I call The Great Unbundling of Corporate America. They still need to grow, they still need to innovate, they still need to get work done and they’re not simply canceling projects and giving up on contracts.

Just as COVID-19 has accelerated the move to remote work, our current crisis has accelerated the trend toward hiring independent contractors. Back in 2019 a New York Times report found that Google had a shadow workforce of

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Dow Futures Leap, Nike Soars, As Tech Leads Market Rebound

The Wednesday Market Minute

  • Global stocks book tech-lead gains following last night’s rally on Wall Street, even as economic activity wanes in the wake of a coronavirus resurgence. 
  • European PMI data shows meagre growth in the world’s biggest economic block as lockdown orders and travel restrictions hammer services activity.
  • Tech in focus Wednesday as state attorneys general meet President Donald Trump to talk about changing content liability laws.
  • U.S. equity futures suggest a firmer open on Wall Street ahead of weekly mortgage data at 7:00 am Eastern time, PMI data at 9:45 am Eastern time and Fed Chairman Jerome Powell’s second day of Congressional testimony at 10:00 am Eastern time.

U.S. equity futures traded higher Wednesday, with tech once again leading the comeback, even as investors continue to worry about the resurgence in coronavirus cases in Europe and the potential for more political influence on markets heading into the November

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Dueling mini LED suppliers could cut cost on display tech for Apple

Apple may not limit the sourcing of mini LED chips for a rumored future iPad model to just one supplier, analyst Ming-Chi Kuo suggests, with work from a second supplier on the technology potentially leading to cost savings for Apple.

Mini LED is a display technology that could help TFT screens have a better backlight than existing displays, bringing it closer to OLED in terms of contrast. While Apple has been rumored to bring the technology to market in some form of iPad, it seems Apple may already have a way to boost production.

According to TF Securities analyst Ming-Chi Kuo in a research note seen by MacRumors, supplier Epistar was previously predicted to be the only supplier of mini LED chips to Apple in 2021. However, progress made on mini LED at Sanan Optoelectronics has been rapid enough to potentially change Apple’s schedule for inclusion.

Previously, Sanan was

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Adrian Gregory resigns as Texas Tech softball coach

Texas Tech softball coach Adrian Gregory resigned Monday, marking the second abrupt departure in as many months by a coach of one of the school’s women’s sports programs.

Texas Tech fired women’s basketball coach Marlene Stollings in August amid allegations of a toxic and abusive atmosphere within that program.

Neither the school nor Gregory gave a reason for her departure Tuesday, a little more than a year after she signed a five-year extension. USA Today reported that the school acknowledged in response to an open-records request that it was conducting an internal review of the softball program under Gregory.

USA Today reported that review concluded Monday, the day before Gregory resigned.

In a statement, Gregory said it was “best to part ways” with the school. Also

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