Rabu, 17 Juli 2019

Amazon says this year's Prime Day surpassed Black Friday and Cyber Monday combined - CNBC

Amazon said it sold more than 175 million items during this year's Prime Day shopping event, more than its sales for the past Black Friday and Cyber Monday combined.

The online retailer, which didn't disclose an actual sales figure in the press release, called the two-day sale across 18 countries its "largest shopping event in Amazon history." Last year's Prime Day only ran for 36 hours.

It also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day period than it ever has before.

A "record number" of Prime members in the U.S., which pay an annual fee of $119 to get perks like free shipping and access to Prime Day, shopped the event this year, Amazon said. It said it added more new Prime members on July 15 than it ever has before on a single day. And it said almost as many people signed up again on July 16.

Amazon disclosed for the first time last April that it had more than 100 million paying Prime members worldwide. It hasn't provided an update to that figure since then.

"We want to thank Prime members all around the world," Amazon CEO Jeff Bezos said in a statement. "Members purchased millions of Alexa-enabled devices, received tens of millions of dollars in savings by shopping from Whole Foods Market and bought more than $2 billion of products from independent small and medium-sized businesses. Huge thank you to Amazonians everywhere who made this day possible for customers."

Amazon has recently started rolling out a one-day shipping option across the country for Prime members, and it called this year's Prime Day "the fastest ever." Previously, the default shipping option for Prime members was for two days.

Amazon said it sold over 100,000 laptops, 200,000 televisions, 300,000 headphones, 350,000 luxury beauty products and more than 1 million toys on Prime Day this year.

In the U.S., it said top-selling items were the LifeStraw Personal Water Filter, the Instant Pot DUO60 and 23andMe Health + Ancestry kits.

A boost to all

Prime Day 2019 also delivered a boost to sales for Amazon's rivals, many of which have been touting their own deals all week to compete.

The 48-hour shopping extravaganza gave large retailers a boost in online sales of 68%, on average, according to Adobe Analytics, which measures the transactions of 80 of the top 100 internet retailers in the U.S. Adobe classifies large retailers as companies that make more than $1 billion in annual revenues.

Niche retailers, which Adobe classifies as those that bring in less than $5 million in annual sales, saw a 28% lift in digital sales, according to the firm. Last year, niche retailers saw a decrease in sales, Adobe said.

Walmart, Target, eBay, Macy's and Best Buy have all been running deals this week. Target pushed discounts for its in-house home goods brands. Walmart is expected to run deals, on everything from Google Home smart speakers to Instant Pots, through Wednesday.

"Prime Day has become an indisputable summer shopping holiday, greatly benefiting online retailers that can attract consumers to their site through compelling email campaigns or offering value-add services like buy online, pick up in-store," said Jason Woosley, vice president of Adobe's Commerce Product division.

Amazon's website also experienced a major glitch during Prime Day 2018, potentially giving rivals an even bigger boost when shoppers couldn't order through Amazon. But that wasn't the case this year.

Catchpoint, which monitors websites' performance rates, said Amazon "did an amazing job staying technically available and loading fast under heavy traffic during Prime Days."

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https://www.cnbc.com/2019/07/17/amazon-announces-prime-day-2019-results.html

2019-07-17 13:33:28Z
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Elon Musk touts brain implant technology to treat health conditions, enable 'telepathy' - USA TODAY

Elon Musk has revealed that his stealth neurotechnology start-up is poised to begin human clinical trials soon on brain implants.

Musk's Neuralink gave a presentation late Tuesday and released a white paper divulging details of its progress on implants that could eventually enable patients to overcome devastating injuries.

The company, which has been pursuing the technology for years with Musk's financial backing and leadership, touted its initial results as promising for potentially treating conditions such as Alzheimer's, spinal injuries and blindness.

Neuralink executives said they're aiming for their first human clinical study in 2020.

While still many years away from reality – and no guarantee due to the incredible challenges associated with the brain – Neuralink implants hold promise for people with spinal injuries or serious neurological disorders. Other companies are pursuing similar technology.

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Musk, who also serves as CEO of electric vehicle maker Tesla and rocket company SpaceX, emphasized that the implant development will progress "quite slowly" and that it's "quite difficult" to get approval from the Food and Drug Administration for such devices.

Nonetheless, he said it's worth the effort for the potential health benefits.

"I think it's important for us to address brain-related diseases," he said. "Whether it's an accident or congenital or any kind of brain-related disorder or a spinal disorder – if you know somebody who's broken their neck or broken their spine, we can solve that with a chip, and this is something that I think most people don't quite understand yet."

Musk said there are other possibilities in the long run, including telepathic communication among individuals with chips in their brains.

"At a kind of advanced long-term level ... if two people had a neural link, you'd be able to effectively have a sort of really high bandwidth telepathy" over radio waves, he said.

Neuralink's technology has been tested in monkeys, executives revealed.

Neuralink's beginnings: Elon Musk's Neuralink wants to plug into your brain

Musk said the company is "extremely sensitive" in work with the monkeys, which he said is done with University of California, Davis.

"A monkey has been able to control the computer with its brain," he said.

While the company's technological developments are notable, Musk said Tuesday's announcement was primarily for recruiting purposes.

"We really want to have the best talent in the world come and work at Neuralink," he said. "That's actually the primary purpose for this presentation."

Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey.

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https://www.usatoday.com/story/tech/2019/07/17/elon-musk-neuralink-brain-implants-telepathy-neurological-disorders/1753528001/

2019-07-17 12:39:00Z
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Consumers Lift Profit at Bank of America - The Wall Street Journal

Bank of America reported higher-than-expected profit for the second quarter. Photo: Kevin Hagen for The Wall Street Journal

U.S. consumers propelled Bank of America Corp. BAC 0.90% to an 8% increase in quarterly profit.

The Charlotte, N.C.-based bank, the second-largest in the U.S. by assets, posted a profit of $7.35 billion in the latest quarter, compared with $6.78 billion a year earlier. Per share, earnings were 74 cents. Analysts polled by FactSet had expected 71 cents per share.

Second-quarter revenue was $23.08 billion, up from $22.55 billion a year ago.

Other lenders posted earnings this week that showed strong consumer spending and borrowing but some weakness in corporate activity. Bank of America’s earnings followed that same pattern: profit was up in consumer banking and wealth management, but down in its global banking and markets that cater to corporate clients.

Higher interest rates have boosted banks’ performance since the Fed started raising them in late 2015. That is because banks were able to charge borrowers more interest without having to significantly increase payouts to depositors.

But now the Fed is signaling that it will move in the other direction and cut interest rates as soon as this month, clouding the outlook for banks’ lending businesses.

Bank of America managed to keep a lid on interest-rate increases to customers in the second quarter. The bank paid 0.77% on U.S. interest-bearing deposits in the period, compared with 0.73% in the first quarter.

Net interest income, or the difference between what a bank makes from loans or investments and the interest paid to depositors, rose 3% from a year earlier but fell about 1.5% from the prior quarter.

Loans at Bank of America were up 3% from a year earlier, while deposits rose 5% over that period. Expenses were roughly flat.

Bank of America, like other big banks, felt the effects of quiet markets in the second quarter. Trading revenue fell about 10%.

Write to Rachel Louise Ensign at rachel.ensign@wsj.com

Copyright ©2019 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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https://www.wsj.com/articles/bank-of-america-second-quarter-profit-climbs-11563360911

2019-07-17 11:46:00Z
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Bank Of America Earnings Top; BAC Stock Backs Off Buy Point - Investor's Business Daily

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  1. Bank Of America Earnings Top; BAC Stock Backs Off Buy Point  Investor's Business Daily
  2. Bank of America beats analysts' profit estimates on retail banking strength  CNBC
  3. Consumers Lift Profit at Bank of America  The Wall Street Journal
  4. Bank of America profit beats as healthy economy fuels loan growth  Yahoo Finance
  5. Bank of America rakes in record profit driven by strength from US households  CNN
  6. View full coverage on Google News

https://www.investors.com/news/bank-of-america-earnings-q2-2019-bac-stock-buy-point/

2019-07-17 11:37:30Z
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The Morning After: Elon Musk's plan to plug a computer into your brain - Engadget

Sponsored Links

Hey, good morning! You look fabulous.

Feel the need to work on your body? We have some expert advice on training gear that can help, with input from elite athletes who don't have time to waste. Of course, all that effort could be for naught once our brains meld with computers and we're living in a(nother) virtual world full-time -- and that's where Neuralink comes in.


What does it mean to be better, faster, stronger when money is no object?The tech elite athletes use

We asked five elite runners, all of whom are flush with sponsorship deals and prize money, on what they use to train, and how they protect their most important piece of equipment: their bodies.


It's like a sewing machine. Sort of.Elon Musk's Neuralink plans to install brain-computer interfaces in humans next year

Two years ago, we heard about Elon Musk investing heavily in Neuralink, a company dedicated to building a device that links human brains to computers. Now, it has unveiled the "threads" and other hardware that it says can actually do the job. So far it has been done in rats, and according to Musk, "a monkey has been able to control the computer with its brain."

Thanks to a robot carefully inserting the wires near groups of neurons, the hope is that not only will it assist patients in restoring things like movement or sight, but possibly help humanity keep pace with AI.


In other Elon Musk news.Tesla workers claim tape quick fixes during Model 3 production

A handful of employees who work in Tesla's open-air GA4 production tent told CNBC that they used electrical tape to quickly repair cracks on plastic brackets and housings and worked through extreme heat, cold and wild-fire smoke. A Tesla spokesperson said that the employees' reports were "misleading and do not reflect our manufacturing practices or what it's like to work at Tesla."


Evija.Lotus' all-electric hypercar fully charges in nine minutes

This Evija is the first Lotus with an electrified powertrain, capable of 1,973 HP. It's inspired by race cars inside and out, but one distinguishing feature has to do with a different kind of speed. If plugged into an 800kW charger (none exist, but you don't have $2.1 million to buy the car, anyway), it's theoretically capable of fully charging the battery in under ten minutes. Using the 350kW chargers you can actually find in some places, it would take 18 minutes and offer up to 270 miles of range.


Something for casual runners, marathoners and everyone in between.The best GPS running watches for 2019

Engadget editor-in-chief and volunteer running coach Dana Wollman: "I often get asked which GPS watch to buy. (People also ask what I'm wearing and the answer is: All of them. I am testing all of them.) Without further ado, I bring you capsule reviews of four running watches, each of which I ultimately recommend; none of which is perfect. There are at least two watches on this list I like so much I switch back and forth between them in my own training."


Uh-oh.Is the Netflix business model bad news for indie games?

A lot of details are up in the air when it comes to subscription deals in the coming gaming generation. Indie developers are at the forefront, negotiating their games away and hopefully getting plenty in return.


The show premiered two years ago.Netflix edits '13 Reasons Why' suicide scene

If you decide to rewatch the first season of 13 Reasons Why, don't expect to see the controversial three-minute-long scene showing Hanna taking her own life in graphic detail. Netflix and the team behind the show have decided to tone down that part of the episode ahead of the third season's debut, following advice from medical experts.


Ready for photographers and videographers.A closer look at Sony's A7R IV full-frame, 61-megapixel mirrorless camera

At an event in New York City, the company introduced its A7R IV, a full-frame mirrorless camera that comes with a whopping 61-megapixel Exmor R sensor. Sony says this new shooter is all about offering "medium-format-level" image quality in a package that's both compact and lightweight. The A7R IV is set to arrive in September for $3,500 (body only), while the ECM-B1M digital shotgun mic will be available at the same time for $350.

But wait, there's more...


The Morning After is a new daily newsletter from Engadget designed to help you fight off FOMO. Who knows what you'll miss if you don't Subscribe.

Craving even more? Like us on Facebook or Follow us on Twitter.

Have a suggestion on how we can improve The Morning After? Send us a note.

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https://www.engadget.com/2019/07/17/the-morning-after-neuralink/

2019-07-17 11:02:26Z
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EU opens Amazon antitrust investigation - The Verge

The EU’s Competition Commission has opened a formal antitrust investigation into Amazon to investigate whether the company is using sales data to gain an unfair advantage over smaller sellers on the Marketplace platform. The Commission says it will look into Amazon’s agreements with marketplace sellers, as well as how Amazon uses data to choose which retailer to link to using the “Buy Box” on its site. The announcement comes on the same day that Amazon announced changes to its third-party seller service agreement in response to a separate antitrust investigation by German regulators.

“E-commerce has boosted retail competition and brought more choice and better prices,” said the EU’s Competition Commissioner Margrethe Vestager. “We need to ensure that large online platforms don’t eliminate these benefits through anti-competitive behavior. I have therefore decided to take a very close look at Amazon’s business practices and its dual role as marketplace and retailer, to assess its compliance with EU competition rules.”

Responding to the news, Amazon told The Verge that it “will cooperate fully with the European Commission and continue working hard to support businesses of all sizes and help them grow.”

It’s unclear how Amazon’s changes to its service agreement, also announced today, will affect the EU’s investigation. As part of the wide-ranging changes, Amazon agreed to give 30 days notice and a reason before removing sellers from its platform, and merchants will be able to take Amazon to court in their home countries, rather than being forced to do so in Luxembourg. After Amazon announced the changes, which are due to take effect in 30 days, German regulators agreed to drop their investigation.

Last September, European regulators announced that they were taking a preliminary look at Amazon’s data collection practices. “If you, as Amazon, get the data from the smaller merchants that you host, which can be of course completely legitimate because you can improve your service to these smaller merchants, do you then also use this data to do your own calculations?” Vestager said at the time.

The investigation is the latest, and potentially the last, antitrust action to have been opened by Vestager, who has served as the Competition Commissioner on the European Commission for the past five years. During her tenure, which is due to end in October, Vestager has fined almost all of the major tech giants, including Google, Qualcomm, and Facebook. Apple was also forced to pay back $15.4 billion in taxes, thanks to a ruling by Vestager. So far, Amazon has managed to avoid being fined by EU regulators, but that could all change as a result of this investigation.

Update July 17th, 7:45AM ET: Updated with statement from Amazon and details of its contract changes in response to German investigation.

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https://www.theverge.com/2019/7/17/20696214/amazon-european-union-antitrust-investigation-third-party-seller-marketplace

2019-07-17 11:00:58Z
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EU says it will investigate Amazon over possible anti-competitive business practices - CNBC

EU Commissioner for Competition Margrethe Vestager addresses a press conference on two state aid cases at the European Commission in Brussels on October 4, 2017.

Emmanuel Dunand | AFP | Getty Images

EU antitrust regulators will investigate Amazon to determine if the e-commerce giant's use of merchant data breaches competition rules, the European Commission said on Wednesday.

Competition Commissioner Margrethe Vestager said the EU opened a formal investigation to see if Amazon uses data from independent retailers who sell on the company's marketplace to its own advantage. The investigation centers on Amazon's "dual role" as both a retailer and a marketplace, Vestager said.

"Based on the Commission's preliminary fact-finding, Amazon appears to use competitively sensitive information – about marketplace sellers, their products and transactions on the marketplace," the regulator said in a statement.

The European Commission, the executive arm of the EU, began questioning merchants about how Amazon collects their data last year. If the EU determines Amazon breached competition rules, it could fine the company up to 10% of global annual revenues.

In a statement, Amazon said: "We will cooperate fully with the European Commission and continue working hard to support businesses of all sizes and help them grow."

Amazon is facing increased regulatory scrutiny around the world. Earlier on Wednesday, Germany's antitrust watchdog said it had reached a deal with the e-commerce giant to overhaul its terms of service for third-party merchants. In a hearing of the House Judiciary subcommittee on antitrust Tuesday, an Amazon executive said the company does not use data from third-party sellers to determine what new products to create.

The European Commission has previously conducted antitrust investigations into Alphabet's Google, imposing a total of $9.5 billion in fines since 2017.

Amazon shares traded flat in extended hours following the announcement of the EU investigation.

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https://www.cnbc.com/2019/07/17/eu-to-investigate-amazon-over-possible-anti-competitive-practices.html

2019-07-17 10:56:53Z
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