It's decision time for the US Federal Reserve
- According to the CME's FedWatch Tool, which measures what the markets are predicting the Fed will do next, the probability of a quarter percentage point rate cut is only 56%, down from 92% just over a week ago.
- The New York Federal Reserve is running a special operation aimed at reducing short-term interest rates and easing stress in financial markets.
- On Tuesday morning, the NY Fed launched what's called an "overnight repo operation," during which the central bank attempts to ease pressure in markets by purchasing Treasuries and other securities.
- The episode demonstrates evidence of emerging strains in financial markets and raises concern that the Fed could be losing its grip on short-term rates.
- Contributing to that decline were global trade disputes, increased costs related to an expansion of FedEx's delivery services and the "loss of business from a large customer," a likely reference to Amazon.
Unprotected servers are leaking sensitive medical data belonging to millions of people
- Medical records belonging to millions of patients across the world, including echocardiograms and X-rays, are stored on insecure servers that did not have basic security precautions in place, a new investigation by ProPublica has found.
- The findings — published by the investigative journalism non-profit and German broadcaster Bayerischer Rundfunk — found 187 unprotected servers in the US and five in Germany, which were used to host sensitive data such as patient records, their dates of birth, doctors and the procedures undertaken.
- But given the permanence of medical information and frequency of data theft, the need for proactive monitoring and effective measures to combat security threats cannot be overstated.
- Recently Apple, Google, Amazon, and Microsoft joined with some of the biggest health insurers and hospitals in the US for a new standard to share health claims data, which includes tests, doctors’ visits and medical procedures.
Software Architecture Is Overrated, Clear and Simple Design Is Underrated
- I'll also admit that although I spent a lot of time reading and comprehending the Gang of four design patterns, they've had far less impact on becoming a better coder than the feedback I've gotten from other engineers on my code.
- Similarly, knowing about common architecture patterns is a good thing: it helps shorten discussions with people, who understand them the same way as you do.
- The next time you're starting a new project, instead of thinking, "How will I architect this system, what battle-tested patterns should I use and what formal methodology should I document it with?", think "How can I come up with the simplest possible design, in a way that's easy for anyone to understand?".
- Software architecture best practices, enterprise architecture patterns, and formalized ways to describe systems are all tools that are useful to know of and might come in handy one day.
FedEx profits slip after booting major customer Amazon
- The delivery company on Tuesday posted a slight revenue decline and a 12% drop in operating income for the three months ending August 31, compared to the same period last year.
- Contributing to that decline, the company said, were global trade disputes, increased costs related to the expansion of its delivery services and the "loss of business from a large customer," a likely reference to Amazon.
- Then in August, FedEx said it would also stop providing ground delivery services to Amazon.
- In its Tuesday statement, FedEx lowered the forecast for its full-year 2020 earnings, citing the loss of that "large customer," as well as global trade tensions and a weakening global economic outlook.
- In 2019, FedEx posted full year earnings per share of $2.03, a particularly low number owing to its acquisition of European express delivery company TNT Express.
Fossil fuel divestment has ‘zero’ climate impact, says Bill Gates
- Climate activists are wasting their time lobbying investors to ditch fossil fuel stocks, according to Bill Gates, the billionaire Microsoft co-founder who is one of the world’s most prominent philanthropists.
- Those who want to change the world would do better to put their money and energy behind the disruptive technologies that slow carbon emissions and help people adapt to a warming world, Mr Gates told the Financial Times.
- Pension funds, the Church of England and even a vehicle for the Rockefeller family’s oil fortune are among a growing group of investors that have divested their fossil fuel holdings in recent years, driven by a belief that finance can be a tool to combat climate change.
- However, Mr Gates questioned the divestment movement’s “theory of change”, arguing that investors who want to use their money to promote progress will have better results by funding innovative businesses such as Beyond Meat and Impossible Foods, two alternative protein companies he has backed.
Women drive the vast majority of spending decisions in the US — here are 4 crucial things all salespeople should know about selling to them
- Many times, I've been in a sales situation when the salesman asks my husband several questions about his career, and then asks me questions only about our kids.
- If that's the case, I'd say this: The dynamic between men and women in professional situations is changing, and now, more than ever before, it's crucial to be aware that what you're communicating with your words and actions might not be sending the message you're intending.
- Treating people with respect, showing them they can trust you, and going into conversations with an open mind are techniques you've likely heard before, but if you want to be effective selling to women now and in the future, they'll need a new level of awareness.
- Natalie draws on 15 years of comprehensive financial planning experience, six years with fintech startups, and a decade of professional speaking to share advice that works in real life, not just on paper.
Loadsmart is quietly dominating the digital freight-brokerage industry. The CEO explained to us how its take on technology has helped secure partnerships with huge names like Daimler, Oracle, and Coca-Cola.
- Rachel Premack: There are so many startups in the digital freight marketplace industry.
- How can we aggregate all this data so that we can overlay these networks between shippers and carriers and makes sense of them in a digital format so we can move more with less?
- Salgado: We actually don't view the other digital free broker companies as are our biggest competitors or the incumbents.
- Premack: We were talking earlier about B2B versus B2C, and the way other freight startups talk is almost a little more B2C, like they're trying to attract especially as many truck drivers as possible.
- The response of the market, and this is traditional, is that they'll go out there and say, "Listen, we have the brand, we have capital, we're massive, and we spend significant amount of cap-ex in that industry.
Kraft Heinz stock tumbles after its second-biggest investor sells a big chunk of its stock
- New York (CNN Business) - The nightmare year for Kraft Heinz continues.
- Shares of the troubled food company fell 4% Tuesday after Kraft Heinz reported that its second-largest investor, private equity firm 3G Capital, sold more than 25 million shares Monday.
- The company said in a statement to CNN Business that the 3G sale was "driven by periodic liquidity windows by 3G investors in the 3G fund that holds Kraft Heinz stock" and noted that this fund has made similar sales previously.
- Lemann, according to the statement, said he bought more stock in Kraft Heinz "because I believe in its potential for a turnaround, and plan to hold this investment for the long run." 3G was not immediately available for additional comment.
- Kraft Heinz's woeful performance is also hurting Warren Buffett's Berkshire Hathaway, which is the company's largest shareholder, with a nearly 27% stake.
The competitive advantage of intelligent digital workspaces (VB Live)
- Learn how intelligent digital workspaces and tools like desktop-as-a-service can simplify user work syles without adding complexity, lower costs and make your users more productive when you join this VB Live event!
- Intelligent digital workspaces mean enterprises are beginning to take into account the ways their employees want to work, the opportunities this affords the business, and the increasing complexity and cost of their own hybrid on-premise and cloud solutions.
- To learn more about how the cloud is making IT departments more agile, effective, and cost-conscious for both the business and its end users, what it takes to move desktop workloads into the cloud, and how desktop-as-a-service can be a big game changer for your org, don’t miss this VB Live event.
These are the 5 leaders in the self-driving-car race
- Tech companies and auto companies are all racing to be the first to roll out self-driving cars onto the road.
- The self-driving revolution and the prevalence of ride-hailing services such as Uber and Lyft threatens to reduce individual car ownership, which would eat into a sizeable piece of automakers' core business.
- Meanwhile, tech companies are jockeying for a piece of the self-driving car market, which Apple CEO Tim Cook dubbed "the mother of all AI projects." These companies are all looking to deploy self-driving cars as part of a commercial ride-hailing service that would operate similarly to how Uber and Lyft do now.
- In this report, Business Insider Intelligence, Business Insider's premium research service, takes an in-depth look at the most expansive self-driving car tests taking place in the US, and offers insights on the leaders in the self-driving car race.