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Netflix Consumes 15% of the World’s Internet Bandwidth

Superior stream compression technology

When it comes to devouring bandwidth online, no company can hold a candle to Netflix The streaming video giant consumes 15% of the total downstream volume of traffic globally, according to the latest Global Internet Phenomena Report from Sandvine. In the United States, that figure jumps to 19.1% of total traffic. Demand for Stranger Things and other Netflix shows spikes even higher at night. “At peak hour on fixed networks, this number can spike as high as 40% on some operator networks in the region,” the study says.

Sandvine does credit Netflix for its superior stream compression technology, noting “Netflix could easily be 3x their current volume and at 40% of network traffic all the time”. Other traffic hogs on a global scale included HTTP media streams, such as embedded videos on websites, which took up 13.1% of bandwidth; YouTube, which commands 11.4% of the world’s bandwidth; and web browsing at 7.8% of downstream traffic.

http://www.fortune.com

U.S., China agree tentative trade truce

Ahead of G20 summit

The United States and China have agreed to a tentative truce in their trade dispute ahead of a meeting between leaders of the two nations at the G20 summit this weekend, the South China Morning Post reported on Thursday, citing sources.

Details of the agreement, which would halt the next round of U.S. tariffs on an additional $300 billion of Chinese goods, are being laid out in press releases and will be out as coordinated press releases and not a joint statement, the newspaper said.

Chinese President Xi Jinping’s meeting with U.S. President Donald Trump is conditional upon Washington agreeing to such a tentative agreement, SCMP reported, citing one source with knowledge of the plans.

Trump is set to hold much-anticipated trade talks with Xi in Osaka at 11:30 a.m. (0230 GMT) on Saturday, a White House spokesman told reporters on Wednesday.

http://www.reuters.com

Tesla Has Enough Orders to Set Delivery Record

Tesla shares have slumped 34% this year

Tesla Inc. could be on the verge of a quarterly record for vehicle deliveries, though the electric-car maker will need to go “all out” in the last few days of the month, Chief Executive Officer Elon Musk wrote in an internal memo. “There is a lot of speculation regarding our vehicle deliveries this quarter,” Musk told employees in an email Tuesday. “The reality is that we are on track to set an all-time record, but it will be very close. However, if we go all out, we can definitely do it!”

Tesla shares have slumped 34% this year, in part due to demand concerns that Musk has repeatedly downplayed. The company has forecast it will deliver 90,000 to 100,000 cars in the second quarter after handing over just 63,000 vehicles to customers in the first three months of the year. A Tesla representative didn’t immediately respond to a request for comment. The company’s previous best for quarterly deliveries was 90,700 vehicles in the last three months of 2018.

http://www.bloomberg.com

Bitcoin briefly surged above $11,000

One analyst predicts that price could hit $40,000 “in a few months”

After reaching the $10,000 mark for the first time in more than a year Friday, the price of bitcoin briefly surged above $11,000 on Saturday but was struggling to push past the fresh threshold in Sunday trading. Bitcoin BTCUSD, -2.87% was recently up 0.3% at $10,723.37 Sunday evening Eastern U.S. time, according to CoinDesk. Over the weekend, bitcoin traded as high as $11,307.69 intraday, its highest level since March 2018.

It was the third price milestone in a week, after the world’s largest cryptocurrency topped the $9,000 level for the first time in 13 months last Sunday. Bitcoin’s price is up 193% year to date, with most of the gain coming in the past three months. Last week, one bitcoin analyst predicted that prices could hit $40,000 “in a few months” now that the $10,000 level had been cracked. “Bottom line: Crypto winter looks over,” Fundstrat’s Thomas Lee said. After topping out above $19,000 in December 2017, bitcoin prices sank to as low as $3,122 in December 2018.

As of Sunday evening, bitcoin’s market cap sat at roughly $190 billion, according to Coinmarketcap.com.

http://www.marketwatch.com

The Federal Reserve left its key interest rate unchanged

Rate cuts are on the way

The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it’s prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats.

The Fed kept its benchmark rate — which influences many consumer and business loans — in a range of 2.25% to 2.5%, where it’s been since December.

It issued a statement saying that because “uncertainties” have increased, it would “act as appropriate to sustain the expansion.” That language echoed a remark Chairman Jerome Powell made two weeks ago that analysts interpreted as a signal that rate cuts were on the way.

http://www.abcnews.go.com

Huawei announces swingeing cuts to production

Sales plummet 40 per cent

Huawei has revealed revised plans for the next two years, and they’re not pretty. Company founder Ren Zhengfei has admitted that sales, since the US trade ban began, have plummeted 40 per cent outside China, leading to a revision of production targets.

The company will be slashing $30bn (£24bn) from its production budget over the next 24-months. This will mean that the company’s sales will flatline at $100bn during that time, where it had been widely expected to emerge as the biggest company in the mobile market sometime during that period. Mr Ren added that the company will have to “remain vigilant” in 2021, although sales in its home market of China remain buoyant.

http://www.theinquirer.net

Facebook’s Cryptocurrency Libra Is Coming

Everything We Know So Far

Codenamed Libra and possibly named GlobalCoin, Facebook’s big blockchain play will reportedly create a crypto-based payments ecosystem across Facebook, Messenger, Instagram, WhatsApp, and beyond. Here’s what we know right now. Facebook’s long-rumored cryptocurrency is about to get its big debut. The formal launch is expected sometime in 2020 after a testing phase later this year, but the social network is gearing up to officially announce it with a white paper on Tuesday laying out the basics of its crypto token. Here’s everything we know so far.

We’ve heard rumblings about a secret blockchain project since last May, when Cheddar’s Alex Heath reported that Facebook had been exploring blockchain and the creation of its own cryptocurrency for use within its apps since 2017. Facebook’s goal is to launch a virtual token allowing the company’s billions of users across Facebook, Messenger, Instagram, and WhatsApp to make digital payments. This includes both internally among other users within Facebook’s app ecosystem, and externally on e-commerce purchases and third-party services without ever leaving their Facebook-owned app of choice. The BBC reported it’ll be called GlobalCoin, but personally I’m still pulling for Facebucks.

http://www.pcmag.com

 

Boeing crisis

Trade tensions cast pall over air show

Safety concerns, trade wars and growing security tensions in the Gulf are dampening spirits at the world’s largest planemakers as they arrive at this week’s Paris Airshow with little to celebrate despite bulging order books.

The aerospace industry’s marquee event is a chance to take the pulse of the $150-billion-a-year commercial aircraft industry, which many analysts believe is entering a slowdown due to global pressures from trade tensions to flagging economies, highlighted by a profit warning from Lufthansa late on Sunday.

Humbled by the grounding of its 737 MAX in the wake of two fatal crashes, U.S. planemaker Boeing will be looking to reassure customers and suppliers about the plane’s future and allay criticism of its handling of the months-long crisis.

http://www.reuters.com

Huawei files to trademark mobile OS around the world after U.S. ban

Homgmeng to replace Android

China’s Huawei is in the process of potentially launching its “Hongmeng” operating system (OS) to replace the U.S. Android OS, an executive said on Thursday, after Reuters reported that the company has applied to trademark the OS in various countries.

Data from a U.N. body showed that Huawei Technologies Co Ltd is aiming to trademark the OS in at least nine countries and Europe, in a sign it may be deploying a back-up plan in key markets as U.S. sanctions threaten its business model. President Donald Trump’s administration last month put Huawei on a blacklist that barred it from doing business with U.S. tech companies such as Alphabet Inc, whose Android OS is used in Huawei’s phones. Andrew Williamson, vice president of Huawei’s public affairs and communications, said Hongmeng was moving forward.

Huawei, the world’s biggest maker of telecoms network gear, has filed for a Hongmeng trademark in countries such as Cambodia, Canada, South Korea and New Zealand, data from the U.N. World Intellectual Property Organization (WIPO) shows. It also filed an application in Peru on May 27, according to the country’s anti-trust agency Indecopi. Huawei has a back-up OS in case it is cut off from U.S.-made software, Richard Yu, chief executive of the company’s consumer division, told German newspaper Die Welt in an interview earlier this year.

http://www.reuters.com

Oil slumps 4% on U.S. crude build

Slowing demand fears

Oil prices tumbled 4% on Wednesday to their lowest settlements in nearly five months, weakened by another unexpected rise in U.S. crude stockpiles and by a dimming outlook for global oil demand. Brent crude futures fell $2.32, or 3.7%, to settle at $59.97 a barrel, the international benchmark’s lowest close since Jan. 28. U.S. West Texas Intermediate crude futures ended $2.13, or 4.0%, lower at $51.14 a barrel, its lowest settlement since Jan. 14.

The U.S. Energy Information Administration (EIA) reported domestic crude stockpiles rose unexpectedly for the second week in a row, climbing 2.2 million barrels last week after analysts had forecast a decrease of 481,000 barrels.

Amazon becomes the most powerful brand in the world

Amazon surpasses  Google and Apple

The US online business giant Amazon has overtaken the Google and Apple IT groups and taken the lead in the ranking of the world’s most powerful brands, according to a ranking established by the firm Kantar. According to this annual list BrandZ, the group founded by Jeff Bezos has raised the value of his brand by 52% to 315 billion dollars.

Kantar cabinet and its owner, the British public relations giant WPP, said Tuesday in a statement that Amazon had boosted the value of its brand through “intelligent acquisitions, excellent service to the consumer and its ability to outpace its competitors by proposing an ecosystem rich in products and services “.

Amazon jumps from third place to first, stolen from internet giant Google, which is down in third place, with an estimated brand value of $ 309 billion. Google is preceded by a blast by another behemoth of Silicon Valley, Apple, which retains its second place, to 309.5 billion dollars. Behind the rankings follow in order the Microsoft computer group, the Visa payments specialist, the Facebook social network and the Chinese online trading giant Alibaba.

https://www.tellerreport.com/

Start a business? Be customer-obsessed, be passionate, take big risks, and fail.

Amazon founder Jeff Bezos gives 4 key advices

Jeff Bezos has a message for budding entrepreneurs: be ready to take big risks and fail.

Bezos delivered that message at Amazon’s re:Mars conference on Thursday in Las Vegas, after he was asked what advice he would give to anyone looking to start their own business.

“Take risk. You have to be willing to take risk. If you have a business idea with no risk, it’s probably already being done,” he said, according to an Amazon transcript. “You’ve got to have something that might not work. It will be, in many ways, an experiment.”

https://www.businessinsider.com/

Congress launches antitrust investigation

Facebook, Google, Amazon and Apple shares drop

The federal government may be warming up its antitrust enforcement machine and pointing it at Big Tech. On Monday, the House Judiciary Committee announced a sweeping antitrust probe of unspecified technology companies. In a statement, it promised “a top-to-bottom review of the market power held by giant tech platforms,” which would be the first such Congress has ever undertaken.

Earlier in the day, shares of Facebook, Google, Amazon and Apple dropped significantly after published reports suggested that federal authorities are preparing for investigations into anticompetitive behavior by several of these technology giants.

Facebook’s stock dropped 7.5%. Shares of Google parent Alphabet fell 6.1%. Amazon declined 4.6%. Apple, which has only been mentioned tangentially in these reports, fell 1%.

https://www.usatoday.com/

Activists launch campaign to remove Zuckerberg from Facebook board

Is Mark Zuckerberg a barrier to civil rights and privacy reform?

Two activist groups on Monday launched a campaign to oust CEO Mark Zuckerberg from Facebook’s board of directors, arguing his “sweeping” control of the company presents a barrier to civil rights and privacy reform.

Digital civil rights group Color of Change and Majority Action, a corporate accountability organization, told the Securities and Exchange Commission (SEC) that they will be urging Facebook shareholders to withhold their support for nominating Zuckerberg to the board.

The two groups argue that Facebook’s corporate structure gives Zuckerberg “control without adequate checks,” pointing out that he is CEO and holds 57.7 percent of voting rights in the company.

https://www.msn.com/