Apple

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Ebay's PayPal Starts Accepting Bitcoin As 'Apple Pay' Unveiled





On the day when Apple unveils "Apple Pay," enabling hackers to now get access not only to actor selfies but to their credit card numbers too; following smaller online retailers' lead - such as Overstock - the world's biggest marketplace, Ebay, has announced its PayPal unit will begin accepting bitcoin for payments. As Bloomberg reports, Ebay said at TechCrunch's Disrupt conference, "over the coming months we’ll allow our merchants to accept bitcoin. On the consumer side it will be a sleek experience." As we previously noted, Overstock CEO Patrick Byrne's comments that "once we and some other major guys start accepting it things could change very quickly," and Ebay seems to agree, adding "we're at the right time for this, and to see how to propel it forward." Bitcoin prices have not reacted to this news as the virtual currency has become considerably more stable in recent months.

 
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Apple Set To Unveil iPhone Galaxy S6 Wearable Headphone Mobile Payment System - Live Feed





Here we go... Icahn's been adding and everyone's excited about a bigger screen (like Samsung), an iWatch (like Motorola and Samsung), payments (like NFC on Samsung phones), Health (like Samsung), or whatever magic Tim Cook and his 'innovators' have in store. Apple's launch of iPhone 6 et al. will take place shortly...

 
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Frontrunning: September 9





  • Showtime for Apple: Big phones, smart watches and high expectations (Reuters)
  • Bank of England Gov. Mark Carney Signals Spring Rate Rise (WSJ)
  • Quebec Shows Scots Question Returns Even If Answer Is No (BBG)
  • Hush money with a 9 year vesting period: Ex-SAC Fund Manager Martoma Sentenced to Nine Years in Prison (BBG)
  • Dreams on hold, Brazil's 'new middle class' turns on Rousseff (Reuters)
  • Fed to Hit Biggest U.S. Banks With Tougher Capital Surcharge (WSJ)
  • Egypt court sentences Brotherhood leader, cleric to 20 years in jail (Reuters)
 
Tyler Durden's picture

US Equity Futures Levitate As Yen Fireworks Continue; All Attention Still On Scotland





While overnight US equity futures have done nothing notable, what everyone's attention has been fixed on, in addition to the GBP and the read-through to all things UK-ish ahead of the Scotland independence referendum, is the sudden flare up in USDJPY trading and volatility, which exploded by some 100 pips in the past 24 hours hitting fresh post-2008 highs, on what appears to be a major capital reallocation move (it surely is not driven by any news) and/or forced squeeze. What is more perplexing is the change in correlations signals, because while until recently the USDJPY was synonymous with the E-Mini, and thus the S&P, as of late the USDJPY pair has moved tick for tick with the 10Year yield: almost as if the NY Fed's favorite HFT trading shop was instructed to change its vast array of signal inputs away from the S&P and to force a gentle levitation in the 10Y.

 
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Frontrunning: September 8





  • Scotland split jitters send sterling to 10-month low (Reuters)
  • S&P 500 Beating World Most Since 1969 Doesn’t Spark Flows (BBG)
  • Happy ending guaranteed: Vietnam building deterrent against China in disputed seas with submarines (Reuters)
  • China Posts Record Surplus as Exports-Imports Diverge (Bloomberg)
  • Russia, U.S. to hold talks on 1987 arms accord (Reuters)
  • Halcon’s Wilson Drills More Debt Than Oil in Shale Bet (BBG)
  • Deadly Disappointment Awaits at Ebola Clinics Due to Lack of Space (WSJ)
  • Latinos furious at Obama on immigration delay, vow more pressure (Reuters)
  • Japan GDP Shrinks at Fastest Pace in More Than Five Years (WSJ)
 
Tyler Durden's picture

5 Reasons To Question Apple's Data Security





In the wake of the theft of private images from several prominent celebrities, many people are rightly wondering whether how vulnerable their data is. The answer appears to be “very,” and if you use Apple, the following article from Slate may leave you seething with a sense of anger and betrayal.

 
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Frontrunning: September 5





  • Euro left reeling after ECB's liquidity splurge (Reuters)
  • Coalition Emerges to Battle Islamic State Militants (WSJ)
  • Ukraine Gas Chief Takes on Gazprom in Race With Winter (BBG)
  • Nato leaders fail to agree spending targets (FT)
  • JPMorgan Had Exodus of Tech Talent Before Hacker Breach (BBG)
  • Mercedes-Benz Sales Rise Despite Weak German Demand (WSJ)
  • Secret Network Connects Harvard Money to Payday Loans (BBG)
  • ICE looks to crack financial data market (FT)
 
Tyler Durden's picture

Is This Why Apple Is Falling?





Sure, it could be front-running the inevitable post-product-launch "it's great but not that great" sell-off... but one wonders if more is at play here...

 
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HealthCare.gov Hacked





Just when one thought the embarrassment for Obamacare, and its epically flawed website Healthcare.gov, which according to some accounts had over 100 million lines of code, the vast majority of which did not work as it is after all a government project, could not get any worse it just did following a report in the WSJ that the website which is reasonably expected to be the safest in the world (and at a price of over $500 million it should be the safest in the world) considering it holds not only the financial but personal and healthcare data of millions of Americans, has been hacked. According to the WSJ, a hacker broke into part of the HealthCare.gov insurance enrollment website in July and uploaded malicious software. And the punchline: neither the government, nor the security contractor, Blue Canopy Group, found out it had been hacked until two months later.

 
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Frontrunning: September 4





  • Global stocks bounce on sign ECB could launch ABS program (Reuters)
  • Putin unveils Ukraine ceasefire plan, France halts warship (Reuters)
  • Poroshenko Flummoxes Investors With About-Face on Truce (BBG)
  • No Free Lunch for Companies as IRS Weighs Meal Tax Rules (BBG)
  • Turkey Struggles to Halt Islamic State 'Jihadist Highway' (WSJ)
  • Lego Becomes World's Largest Toy Maker on Movie Success (WSJ)
  • U.N. says $600 million needed to tackle Ebola as deaths top 1,900 (Reuters)
  • Goldman Sachs Named 'Stabilization Agent' for Alibaba Stock Offering (WSJ)
 
Tyler Durden's picture

Unions Are Not Capitalism





Labor unions are a dying breed. According to the Pew Research Center, union membership in America “is at its lowest level since the Great Depression.” In 1983, there were approximately 17.7 million union workers. Today, that number stands at 14.5 million, with every estimate showing a continued downward trajectory. Clearly, the Norma Raes of the world are going extinct. But as Samuel Johnson quipped, one should never dismiss the triumph of hope over experience. With economic growth still staggering, the decline of union membership can’t come soon enough. Freed from the demands of overpaid bargainers, innovation and productivity inevitably rise. Increasing numbers of Americans are migrating to states with less strenuous union laws. When given a choice, workers go where the money is; not where there’s tough talk about bargaining rights. Ayn Rand had unions pegged best when she declared their purpose has never been to empower the average worker. “Unions and trade associations,” she wrote, “are not directed against employers or the public but against the best among their own members.” The goal has never been about “raising the weak in any way whatever, but simply forcing the strong down to the level of the moron.”

 
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Home Sweet Drone - Apple's New Global HQ Unveiled





Thanks to the ingenious combination of a camera and a drone, also known as a GoPro Camera-on-a-drone, we have the first aerial footage of Apple's new $5bn spaceship-shaped global headquarters in Cupertino, known imaginatively as Apple Campus 2...

 
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Frontrunning: September 3





  • Confusion as Ukraine and Russia announce progress towards peace (Reuters)... but not for stock buying algos, they know everything
  • Obama Expresses Skepticism About Possible Ukraine Cease-Fire (WSJ)
  • Fighters Unwind in Russia Where Beer Doesn’t Spell Death (BBG)
  • Despite dangers, U.S. journalist Sotloff was determined to record Arab Spring's human toll (Reuters)
  • New Beheading Video Spurs Calls for Global Response (BBG)
  • Christie’s Spending on Outside Lawyers Passes $50 Million (BBG)
  • IEX to Apply for Exchange Status (WSJ)
  • UK says not ruling out airstrikes against Islamic State, says hostage video genuine (Reuters)
 
Capitalist Exploits's picture

IQ, IP and 8 Commandments of Corporate Governance





Good corporate governance is a bedrock on which a company can let its intellectual creativity and innovation flourish. It is like a compost put into a vegetable patch for the spring planting.

 
Tyler Durden's picture

Frontrunning: September 2





  • Ukraine Shifts to Defense Against Russian Incursion (WSJ)
  • U.S. forces carry out operation against al-Shabaab in Somalia (Reuters)
  • Bond Markets Tilt Toward Frankfurt as Draghi Negates Fed (BBG)
  • Another "unexpectedly" - Swiss Economy Unexpectedly Stalls as Euro Area Takes Toll (BBG)
  • Japan's 'Abenomics' feared in trouble as challenges build (Reuters)
  • Germany Imposes Nationwide Ban on Uber's Cab-Hailing Service (WSJ)
  • Japan's 'forward guidance', the GPIF, has "already begun a highly anticipated portfolio reshuffle" (WSJ)
  • Detroit Brings Bankruptcy Plan to Court With Billionaires (BBG)
  • Burger King has maneuvered to cut U.S. tax bill for years (Reuters)
 
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