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Tuesday, September 2, 2014

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September 02, 2014
4K TV Shipments Are Ramping Up Much Faster Than HD TV Did In The Past 4K TV Shipments Are Ramping Up Much Faster Than HD TV Did In The Past
by Mark Hoelzel on Sep 2, 2014, 7:30 AM
4K TV shipments topped one million in March.


Obama Leaves For Europe Without Answering Questions About ISIS Video Obama Leaves For Europe Without Answering Questions About ISIS Video
by Hunter Walker, Brett LoGiurato and Colin Campbell on Sep 2, 2014, 4:31 PM
President Barack Obama reportedly ignored...


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US Unleashed 'Earthquake' Strike on al-Shabab (Newser Happy Hour 6-pack)

Newser Alert
The day's six most popular stories, in time to unwind.


US Unleashed 'Earthquake' Strike on al-Shabab

US Unleashed 'Earthquake' Strike on al-Shabab

(Newser) - The US says it carried out an operation against Islamic extremists in Somalia yesterday, but the military hasn't released other details of the strike on the al-Shabab network. "We are assessing the results of the operation and will provide additional information as and when appropriate," a Pentagon... More  »

 
On Hunt for Nude-Photo Hackers: FBI, Apple, Reddit

On Hunt for Nude-Photo Hackers: FBI, Apple, Reddit

(Newser) - Who is behind the huge leak of celebrities' nude photos ? The FBI says it is "addressing" the photo dump, Apple says it is "actively investigating" reports that its iCloud service was breached, the Los Angeles Times reports—and Reddit users are also on the case. Redditors have... More  »

 
Saudi Cops Beat Expat Who Went to Woman Cashier

Saudi Cops Beat Expat Who Went to Woman Cashier

(Newser) - Going to the wrong cashier in Saudi Arabia can be a painful mistake. Video has surfaced of a British expatriate being beaten by religious police after mistakenly trying to pay at a women-only supermarket cash desk accompanied by his Saudi wife. Only women are allowed to pay female cashiers in... More  »

 
Want to Lose Weight? Keep Eating Fats

Want to Lose Weight? Keep Eating Fats

(Newser) - If you're trying to lose weight on a low-fat diet and it's not working, here's why. Refined carbohydrates—found in processed foods like white breads, white rice, and pastas—tend to be loaded with sugar, which messes with our metabolisms, making it harder to burn calories. Eating... More  »

 
Pit Bull Saves Boy, 8, From Bee Swarm

Pit Bull Saves Boy, 8, From Bee Swarm

(Newser) - Hades the pit bull is doing her part to ensure the breed's good name. When Jesse-Cole Shaver; his sister, Jasmine; and some friends were playing in the Oregon woods, someone stepped on a rotten log—and bees zoomed out to attack. Jesse-Cole, 8, was stung some 24 times, and... More  »

 
Damage Unknown as Joan Rivers Brought Out of Coma

Damage Unknown as Joan Rivers Brought Out of Coma

(Newser) - As doctors bring Joan Rivers out of a medically induced coma, there's some concern the comedian could end up "either a vegetable or in a wheelchair," the New York Daily News reports. That news has her family considering a lawsuit. Whether or not Rivers, 81, has suffered... More  »

 

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STOCKS GO NOWHERE: Here's What You Need To Know

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Closing Bell
 

September 02, 2014

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Stocks were mixed, but little changed, on the first trading day of September, kicking off a busy week.

First, the scoreboard:

  • Dow: 17,067.56, -30.9, (-0.2%)
  • S&P 500: 2,002.28, -1.1, (-0.05%)
  • Nasdaq: 4,598.19, +17.9, (+0.4%)

And now, the top stories on Monday:

1. Three pieces of economic data were released Tuesday morning. ISM's August manufacturing index came in at its highest level since March 2011, coming in at 59.0 against expectations for 57.0. Following the report, Ian Shepherdson at Pantheon Macro said, "In one line: Very strong, but probably overstating the true performance of manufacturing." Markit's August manufacturing PMI came in at 57.9, up from 55.8 in July, and serving as the index's best reading since April 2010. "Improving domestic economic fundamentals remain the key engine of growth. However, there were finally signs of external demand gaining traction in August, despite weakness across the euro area," said Markit senior economist Tim Moore. Construction spending rebounded sharply in July, jumped 1.8% after falling -0.9% in June. Ian Shepherdson said the report was strong everywhere but housing, and he expects this split to continue.

2. The manufacturing reports also follow a rash of manufacturing data out of Europe yesterday, when U.S. markets were closed for the holiday. The latest run of data shows that U.S. manufacturing is currently the strongest in the world, with France pulling up the rear.

3. Home Depot shares were the Dow's biggest loser, falling more than 2% after security blog Krebs on Security reported that the company may be the victim of a massive data breach involving customer credit cards. Krebs reported that a preliminary analysis showed the breach may include all 2,200 of the company's U.S. stores. In a statement to Business Insider, Home Depot spokesperson Paula Drake said: "At this point, I can confirm that we're looking into some unusual activity and we are working with our banking partners and law enforcement to investigate."

4. Tesla shares were up more than 5% after Stifel Nicolaus upped its price target on the stock to $400, nearly 50% higher than the stock's pre-Labor Day price. Stifel's James Albertine said that production for the company's Model S has considerably increased from a year ago, but said ultimately momentum behind the stock may be enough to push it higher. "Tesla sentiment is like a freight train, in our view, benefiting from a well-manicured growth story that has caught the eye of a much broader investor base relative to most auto stocks," Albertine said.

5. Staples shares gained more than 8%, while Office Depot added more than 6% after Credit Suisse analyst Gary Balter wrote that the two companies should consider merging. Balter said a combination between the two companies makes "significant" financial sense, and said the cash flow position of Staples makes this company an attractive target for an activist investor or private equity firm. 

6. The IMF issued a report warning that its $17 billion lifeline to Ukraine might not be enough, with Ukraine potentially needing an additional $19 billion un finding by the end of next year. 

7. After the iCloud accounts of more than 100 celebrities were hacked over the weekend, Apple issued a statement on Tuesday that said, "None of the cases we have investigation ahs resulted from any breach in any of Apple's systems including iCloud of Find my iPhone." 

Don't Miss: How Delta Bought A Refinery And Wound Up Saving Its Rivals A Ton Of Cash »

SEE ALSO: Company Confirms That Deceased Former US President Richard Nixon Is Not A JPMorgan Banker

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4K TV Shipments Are Ramping Up Much Faster Than HD TV Did In The Past

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Business Insider Select
 
September 02, 2014
4K TV Shipments Are Ramping Up Much Faster Than HD TV Did In The Past 4K TV Shipments Are Ramping Up Much Faster Than HD TV Did In The Past

4K TV shipments topped one million in March.
Read»
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This Map Shows Which Countries Prefer China Over The US
This Map Shows Which Countries Prefer China Over The US
The power struggle between China and the United...  Read»
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The 10 Most Important Things In The World Right Now
The 10 Most Important Things In The World Right Now
1. Ukraine president Petro Poroshenko accused Russia in a speech on...  Read»
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It's Looking More And More Like Scotland May Just Vote To Go Independent
It's Looking More And More Like Scotland May Just Vote To Go Independent
The pound is falling.  Read»
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Microsoft Just Accidentally Revealed The Next Version Of Windows Is Coming Soon
Microsoft's Chinese division may have accidentally revealed the next...  Read»
This Author Says His Experience With Amazon Publishing Has Been 'Fantastic'
Last August, Amazon flew about 80 writers on its Thomas & Mercer...  Read»
19 Things I Learned As An American Expat In Holland
More than an ocean separates Amsterdam, my adopted city, from Newport...  Read»
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This Smart Shoe Sole Will Keep You Warm During The Winter And Track Your Activity At The Same Time
This Smart Shoe Sole Will Keep You Warm During The Winter And Track Your Activity At The Same Time
According to Karim Oumnia, a longtime engineer for designer shoe...  Read»
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Google Is Deliberately Showing You Lousy Old Versions Of Itself To Force You To Update Your Web Browser
Google Is Deliberately Showing You Lousy Old Versions Of Itself To Force You To Update Your Web Browser
Users were shocked to find that Google is intentionally displaying older versions of its site.  Read»
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ISIS Executes 2nd American Journalist
ISIS Executes 2nd American Journalist
The group calling itself the Islamic State (also ISIS or ISIL) has...  Read»
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Microsoft Might Be About To Make A Giant Move Into Android Phone Software
Microsoft Might Be About To Make A Giant Move Into Android Phone Software
The open source Android mod has caught the eye of some tech industry giants.  Read»
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See Also
19 Books Billionaire Charlie Munger Thinks Everyone Should Read
19 Books Billionaire Charlie Munger Thinks Everyone Should Read
In Book Recommendations from Billionaire Charlie Munger That will Make...
  Read»  
Reddit Now Has An Official App To Help You Keep Track Of Its Famous 'AMA' Interviews
Reddit Now Has An Official App To Help You Keep Track Of Its Famous 'AMA' Interviews
The massively popular news site, Reddit, finally has its own app. The...
  Read»  
On Sept. 15, Google Will Make A Massive Bet Against Apple's iPhone 6 Strategy
On Sept. 15, Google Will Make A Massive Bet Against Apple's iPhone 6 Strategy
$100 v. $700.
  Read»  
Female Tech Employee Who Was Approached For Sex By An Angel Investor Speaks Out In Powerful Essay
Female Tech Employee Who Was Approached For Sex By An Angel Investor Speaks Out In Powerful Essay
Sexism in the tech industry is a serious problem, but few women are...
  Read»  


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