Rabu, 01 Mei 2019

Private payrolls surge by 275,000 in April, blowing past estimates and biggest gain since July - CNBC

The U.S. economy added far more jobs than expected in April as payrolls in the services sector grew by the most in more than two years, according to data released by ADP and Moody's Analytics on Wednesday.

Private payrolls grew by 275,000 last month, the biggest increase since July, when they expanded by 284,000. Economists polled by Dow Jones expected private payrolls growth of 177,000.

Services-providing jobs increased by 223,000 in April, led by a gain of 59,000 jobs in professional and business services. Education and health services companies also added 54,000 jobs while employment within the leisure and hospitality industry expanded by 53,000.

Goods-producing jobs — which include construction, manufacturing and mining — rose by 52,000, led by a 49,000 payrolls increase in construction. The economy added just 5,000 manufacturing jobs while mining employment declined by 2,000.

Overall, medium-sized businesses, those that employ between 50 and 499 people, led the way in jobs creation last month by adding 145,000 jobs. Jobs within small businesses, meanwhile, increased by 77,000 while large companies hired 53,000.

"The job market is holding firm, as businesses work hard to fill open positions," Mark Zandi, chief economist at Moody's Analytics, said in a statement. "The economic soft patch at the start of the year has not materially impacted hi ring. April's job gains overstate the economy's strength, but they make the case that expansion continues on."

Wednesday's report came after the Commerce Department said last week the economy grew by 3.2% in the first quarter on an annualized basis. That was the best start to a year since 2015. The official jobs report for April from the government will be released this Friday.

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https://www.cnbc.com/2019/05/01/private-payrolls-surge-by-275000-in-april-blowing-past-estimates-and-the-biggest-gain-since-july.html

2019-05-01 12:16:05Z
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CVS Health beats first-quarter expectations, raises full-year forecast - CNBC

Pedestrians pass in front of a CVS location in New York.

Scott Mlyn | CNBC

CVS Health on Wednesday reported first-quarter earnings and revenue that beat analysts' expectations and raised its full-year earnings forecast.

Here's what the company reported compared with what Wall Street was expecting, based on average analysts' estimates compiled by Refinitiv:

  • Adjusted earnings per share: $1.62 vs. $1.50 expected
  • Revenue: $61.65 billion vs. $60.39 billion expected

This quarter was the first full one since CVS closed its $70 billion acquisition of health insurer Aetna in November.

On an unadjusted basis, CVS' fiscal first-quarter net income rose to $1.42 billion, or $1.09 per share, up from $998 million, or 98 cents per share a year earlier. When excluding the costs of integrating Aetna, store closures and some other items, CVS earned $1.62 per share, above the $1.50 per share expected by analysts surveyed by Refinitiv.

Revenue rose 35% to $61.65 billion — largely driven by the new Aetna business — beating expectations of $60.39 billion.

"Following the close of our Aetna acquisition in late November, our first full quarter of combined operations was a success in many ways," CVS CEO Larry Merlo said in a statement.

CVS raised its 2019 earnings forecast to between $6.75 and $6.90 per share, up from the previously guided range of $6.68 to $6.88 per share.

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https://www.cnbc.com/2019/05/01/cvs-health-q1-2019-earnings.html

2019-05-01 11:02:12Z
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Apple stock on a $327 billion rally after iPhone sales bottom out - Business Insider

Tim Cook HappyApple CEO Tim Cook.Getty
  • Apple's stock charged its way up to $212 in pre-market trading on Wednesday, after reporting its worst-ever decline in iPhone sales. 
  • It cements a $327 billion rally in its market cap since January 3, when Apple issued an explosive sales warning on holiday trading, blaming weak iPhone sales in China.
  • A number of analysts think the downturn in iPhone sales has got as bad as it is going to get, with the market bottoming out.
  • Visit Business Insider's homepage for more stories.

Apple stock has been on a steady recovery rally in recent months, which looks set to be cemented by a Wall Street vote of confidence in the iPhone maker's latest earnings.

Since hitting an 18-month low of $142.19 on January 3 — directly after Apple issued an explosive sales warning on holiday trading after iPhone sales took a hit in China — Apple's stock charged its way up to $212 in pre-market trading on Wednesday. 

If these gains hold during normal trading hours, it means Apple's stock will close the day on a high not seen since November last year.

The $212 pre-market share price marks a $327 billion rally since January 3, putting Apple's market cap at $999.7 billion. It means Apple is close to the trillion-dollar valuation it broke last year when it became the world's most valuable company.

AppleMarkets Insider

Wall Street responded warmly to Apple's second-quarter earnings, published Tuesday. The company beat expectations, posting revenue of $58 billion, with higher than forecast iPhone and services sales.

Read more: Apple's shares jump as its Q2 numbers beat the Street

The view of some analysts was that the downturn in iPhone sales has got as bad as it is going to get after Apple's brutal earnings warning in January, described by Wedbush at the time as "the darkest day in the iPhone era."

BII Q2 2019 Apple Quarterly Revenue, by Product SegmentiPhone sales stood at $31 billion in Q2, 2019.Business Insider Intelligence

iPhone sales may have fallen $7 billion year-on-year in Q2, but Wells Fargo said "we are now seeing indications stabilizing / bottoming iPhone demand" in a note to clients. Bank of America Merrill Lynch agreed: "iPhones/China have bottomed out and are improving." Credit Suisse also noted that the "iPhone likely bottomed."

It's a view that was echoed by Apple CEO Tim Cook, who struck a relieved note on an earnings call Tuesday. "We certainly feel a lot better than we did 90 days ago," he said. 

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https://www.businessinsider.com/apple-stock-on-a-327-billion-rally-after-iphone-sales-2019-5

2019-05-01 10:22:26Z
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CVS Health beats first-quarter expectations, raises full-year forecast - CNBC

Pedestrians pass in front of a CVS location in New York.

Scott Mlyn | CNBC

CVS Health on Wednesday reported first-quarter earnings and revenue that beat analysts' expectations and raised its full-year earnings forecast.

Here's what the company reported compared with what Wall Street was expecting, based on average analysts' estimates compiled by Refinitiv:

  • Adjusted earnings per share: $1.62 vs. $1.50 expected
  • Revenue: $61.65 billion vs. $60.39 billion expected

This quarter was the first full one since CVS closed its $70 billion acquisition of health insurer Aetna in November.

On an unadjusted basis, CVS' fiscal first-quarter net income rose to $1.42 billion, or $1.09 per share, up from $998 million, or 98 cents per share a year earlier. When excluding the costs of integrating Aetna, store closures and some other items, CVS earned $1.62 per share, above the $1.50 per share expected by analysts surveyed by Refinitiv.

Revenue rose 35% to $61.65 billion — largely driven by the new Aetna business — beating expectations of $60.39 billion.

"Following the close of our Aetna acquisition in late November, our first full quarter of combined operations was a success in many ways," CVS CEO Larry Merlo said in a statement.

CVS raised its 2019 earnings forecast to between $6.75 and $6.90 per share, up from the previously guided range of $6.68 to $6.88 per share.

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https://www.cnbc.com/2019/05/01/cvs-health-q1-2019-earnings.html

2019-05-01 11:01:50Z
CAIiENOnCb50nmroVtgfJEPWMLUqGQgEKhAIACoHCAow2Nb3CjDivdcCMJ-thQY

A huge Facebook redesign is coming - but it's far more than a new website - TechRadar

After a brutal 2018 that forced the brand to admit it hasn't got the best reputation when it comes to privacy, Mark Zuckerberg has big plans for the Facebook platform in 2019: Facebook is being redesigned.

Zuckerberg made the announcements during Facebook's F8 event near the company's home turf in San Jose, California, where he addressed the past year of issues with privacy, security and decreasing trust in the platform.

The new version of Facebook, codenamed 'FB5', will be the biggest change the social network has experienced in years: nearly every single aspect is changing in some way. There was a lot of information, but we've gathered everything you need to know right here.

Facebook F8 2019

New web and mobile designs

The fifth major redesign of the Facebook app is incoming, codenamed 'FB5', and it will make communities – known as Groups – the focus, featuring a sleek redesign that should make it faster and more reliable, not to mention more visually appealing.

The new Facebook mobile app should now be live too, as a much faster and more immersive experience. 

Facebook has made finding what you're looking for more convenient, and more importantly claims to have made it safer and more secure. This is the biggest change to the Facebook app in five years: even the Facebook logo is being updated for 2019.

There's a new Facebook desktop website, too, and it should be much lighter on system resources, with the same design language as the mobile app. It will be coming in the next few months, with some updates showing up right away. 

Facebook F8 2019

All about building community

Mark Zuckerberg made it clear that Facebook's focus is shifting to communities both public and private. This means that Groups are going to be the core focus: there are already tens of millions of active Groups on Facebook.

Groups will be easier to find, and easier to participate in, thanks to a new, redesigned Groups tab. This will show you a personalized feed of all of your groups, so you can focus on your communities in a single place, rather than parsing them out from the rest of your News Feed. 

Users will also notice that Group recommendations will crop up in more places, but they'll be more relevant to what you're doing in the app. For instance, you may see more "buy and sell" groups show up in the Marketplace, and Today in Gaming may suggest a new gaming group for you to join. 

The News Feed will also be redesigned so that you can more easily share content directly to your Groups. But, this new community approach goes beyond Groups.

Facebook F8 2019

Facebook is launching Facebook Dating in more countries, along with a new feature called "Secret Crush." The idea here is that you can opt-in to this program, and name up to nine of your friends that you have interest in. 

If they opt-in to the program and name you as one of their secret crushes, then you will be matched. However, if the secret crush isn't mutual, no one will know the names you entered.

Facebook Dating is already live in five countries, and will expand to 14 more today. The service will launch in the US at the end of the year. 

There will also be some new ways to meet friends, through the new "Meet New Friends" feature. This is also an opt-in feature, so that you will only be exposed to people who are open to meeting new people. This feature will also work with your Groups, so you can easily add new friends from your favorite community. 

Facebook F8 2019

Everything else

Facebook's Marketplace is also getting some improvements. Namely, you'll be able to both ship products across the continental US, and you'll have the ability to pay for stuff safely and securely through the Facebook app. This should make shopping on the Facebook platform more secure for both sellers and buyers.

The Events tab is also getting a makeover, and it will be easier to explore your city. You can coordinate with your friends, find local businesses and find a new favorite restaurant based on your own personal preferences. 

There are so many Facebook changes coming in the next few months, and it could change the way people use the platform day-in and day-out. At the very least, the hope is for these changes to make the social network grow more secure and less divisive.

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https://www.techradar.com/news/facebook-redesign-2019

2019-05-01 08:58:00Z
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Selasa, 30 April 2019

Apple stock falls ahead of earnings as Samsung, Google warn of smartphone issues - MarketWatch

Apple Inc. is about to give its take on smartphone demand, but not before its chief rivals painted a bleak picture of the current landscape.

Both Alphabet Inc. GOOGL, -8.09% GOOG, -8.15%  and Samsung Electronics Co. Ltd. 005930, -0.65% reported earnings late on Monday, alluding to continued slowdowns in their smartphone businesses.

“Hardware results reflect lower year-on-year sales of Pixel reflecting in part heavy promotional activity industry-wide given some of the recent pressures in the premium smartphone market,” Alphabet Chief Financial Officer Ruth Porat said on the company’s conference call.

She later tried to soften the blow by maintaining that while smartphone sales were down, Google Home smart speakers and other home devices have been demonstrating “ongoing momentum.”

Opinion: Google sales growth is slowing, and it sure would be nice to know why

Samsung predicted a “likely stagnant smartphone market” in the second half of the year and described how it’s had to adjust to changing conditions. Robert Yi, the company’s head of investor relations, explained that “the process of revamping our mass-market lineup amid softer overall smartphone demand” prompted a drop in sales volume for Samsung in the latest quarter.

When Apple AAPL, -1.71%  reports earnings this afternoon, a key focus will be on the company’s performance in China, after challenges there prompted the company to report a disappointing holiday quarter. Apple has cut prices in China as a result, but Samsung’s commentary suggests that the issues in China aren’t product specific, with Vice President Sang-Hyun Lee informing investors that the first quarter marked the start of “weak seasonality” in the region.

Apple earnings: How much of its massive cash pile will go into investors’ pockets?

Analysts are divided on what Apple’s China numbers will show, as Credit Suisse’s Matthew Cabral predicts that the company won’t be able to show “meaningful improvement” until it launches 5G iPhones in 2019. Morgan Stanley’s Katy Huberty is more upbeat, writing of her expectation that Apple saw “further iPhone stabilization in March.”

Apple shares were down 1.8% in afternoon trading Tuesday, while Alphabet shares were off 8.3%.

Want news about Asia delivered to your inbox? Subscribe to MarketWatch's free Asia Daily newsletter. Sign up here.

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https://www.marketwatch.com/story/apple-stock-falls-ahead-of-earnings-as-samsung-google-warn-of-smartphone-issues-2019-04-30

2019-04-30 17:14:00Z
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Facebook F8 developer conference Day 1: How to watch live - CNET

The past three years haven't been easy for the world's largest social network. Facebook has been beset with scandals, largely caused by self-inflicted wounds and years of negligent behavior.

On Tuesday, the company will attempt to chart a path forward. It's expected to discuss new ideas around its messaging services, photo sharing, artificial intelligence and more. 

It's a good bet that CEO Mark Zuckerberg will headline the event, as he has for each of the company's previous conferences. Last year, he discussed new ideas around dating apps, using AI to take on harassment and a new "clear history" tool to increase people's privacy. This year, among other things, it's a safe bet the company will announce the launch date for its newest VR headsets, the Oculus Rift S and Oculus Quest, both of which cost $399.

When it starts

Facebook's developer conference kicks off Tuesday, April 30 at 10 a.m. PT (1 p.m. ET). It'll continue Wednesday, May 1, with another keynote at the same time.

Where to watch

We'll be streaming the conference live, on this page.

What we can expect

It's a good bet you'll hear a mix of techno-optimism and some acknowledgment that, despite the "intense year" Facebook had before 2018's F8 conference, this one seems to have been even crazier.

Originally published April 29, 5 a.m. PT.
Update, 9:36 a.m.: Adds details.

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https://www.cnet.com/news/facebook-f8-developer-conference-day-1-how-to-watch/

2019-04-30 16:36:00Z
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