Megacap Tech Disappoints Market Where Nothing’s Good Enough

(Bloomberg) — Solid quarterly earnings from America’s biggest tech firms weren’t enough to keep investors from selling late Thursday, the latest sign sentiment is turning against ultra-expensive digital megacaps.

Futures on the S&P 500 tumbled 1.5% and Nasdaq 100 contracts were down 1.9% as of 2:24 p.m. in Tokyo. Stocks had rebounded from the worst selloff in four months during the cash session ahead of the slate of megacap results.

The slide follows a red-hot run this year that saw the tech giants help haul U.S. equities to new highs amid a rampant pandemic and severe economic downturn.

“As we’ve seen in reactions from some of the earnings from these large companies even beats are not strong enough to satisfy this market, which I think speaks to how fully valued a lot of these stocks are,” said Evan Brown, head of multi-asset strategy at UBS Asset Management.



chart: ETF tracking Nasdaq 100 falls after results from tech megacaps


© Bloomberg
ETF

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Earnings Season Has Mostly Looked Good for Chip Suppliers

Outside of one major chip company and one or two end-markets, earnings season has mostly yielded good news from chip suppliers.

Intel (INTC) , as many readers probably know, saw another post-earnings plunge after reporting major near-term pressures for its server CPU division amid both tougher competition from AMD  (AMD) and soft enterprise server demand. And there have also been some other firms, such as Seagate  (STX) and Texas Instruments (TXN) , that have reported seeing weak demand from enterprise hardware clients.

But otherwise, the disclosures and commentary shared by chip suppliers over the last three weeks has been pretty favorable. Here’s a quick recap:

  • Firms such as TI, Intel, STMicroelectronics (STM) and NXP Semiconductors (NXPI) have reported major Q3 rebounds for their automotive chip sales, thanks to both the end of production halts and improving consumer car demand.
  • Intel, AMD, TI, Western Digital  (WDC) and others have indicated PC
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Delete Facebook And You’ll Lose All Oculus Games For Good

If you have an Oculus VR headset and were thinking about deleting your Facebook account in order to go off the social media grid, you may want to reconsider. If you completely delete the Facebook account linked to your Oculus device, you will also lose access to all VR games you purchased.

You’re required to link a Facebook account when using the Oculus Quest 2 headset, and if your Facebook account isn’t in good standing, you will not be able to use the Quest 2 at all. Because of this connection, you must keep that account to have access to the purchases you’ve made. You don’t necessarily have to link a Facebook account yet on the older Oculus devices, including the first Quest, but as UploadVR pointed out, support for separate Oculus accounts ends in 2023 and then all users will need Facebook.

If you deactivate your Facebook account instead

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Buchanan launches ‘No Good for Florida’ attack website against Democrat challenger

Less than two weeks before an Election Day showdown, U.S. Rep. Vern Buchanan’s campaign is launching a website that goes after his Democrat challenger’s “fumbling campaign.”

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The website, announced in a Thursday morning press release, includes a compilation of negative articles and opinion pieces highlighting state Rep. Margaret Good’s campaign issues and voting record.

“These are serious times that require serious leadership. From violating election laws to opposing a bill aimed at protecting children from predators, Margaret has proved incapable of rising to the moment,” Max Goodman, Buchanan’s campaign manager, said in a prepared statement.

The list of articles includes previous reporting on a shakeup with Good’s campaign, months-old polling that shows her campaign trailing Buchanan by 20 points and allegations that the Democrat violated federal election law.

“We thought voters might like to see a partial list of local and national news clippings illustrating Margaret’s fumbling campaign,

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Vern Buchanan launches attack website against Democrat Good

Less than two weeks before an Election Day showdown, U.S. Rep. Vern Buchanan’s campaign is launching a website that goes after his Democrat challenger’s “fumbling campaign.”

The website, announced in a Thursday morning press release, includes a compilation of negative articles and opinion pieces highlighting state Rep. Margaret Good’s campaign issues and voting record.

“These are serious times that require serious leadership. From violating election laws to opposing a bill aimed at protecting children from predators, Margaret has proved incapable of rising to the moment,” Max Goodman, Buchanan’s campaign manager, said in a prepared statement.

The list of articles includes previous reporting on a shakeup with Good’s campaign, months-old polling that shows her campaign trailing Buchanan by 20 points and allegations that the Democrat violated federal election law.

“We thought voters might like to see a partial list of local and national news clippings illustrating Margaret’s fumbling campaign, so we’re

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Park Seo Joon Shares His Secret To Maintaining Good Relationships, His Best Attribute, And More

Park Seo Joon has graced the cover of ELLE’s November issue!

This is his first photo shoot after becoming a Chanel Beauty ambassador and he managed to take on the given concepts flawlessly. The pictorial focused on capturing the actor’s strong yet delicate features.


The interview following the photo shoot focused on how Park Seo Joon is doing after starting filming for the movie “Dream.” When asked about how he has become a representative “healthy young adult” due to his past works, especially “Itaewon Class,” he said, “Each moment that I am given to live is important. I think I’m still living out my youth because I have a dream for myself, and I have a lot coming up in the future.”

When asked about his best attribute, he replied, “Questions like these are the hardest to answer. I’m a person that wants to keep my acting as well as

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Man who tweeted ‘I am not OK’ says ‘people want good news’

Edmund O'Leary posted a tweet saying: 'I am not OK'. (ITV)
Edmund O’Leary posted a tweet saying: ‘I am not OK’. (ITV)

A man who received an outpouring of well-wishing after tweeting “I am not OK” during the coronavirus pandemic has said people are “yearning for hope and good news”.

Edmund O’Leary, 51, from Epsom, Surrey, posted an update about his mental health on Twitter on Friday night that went viral.

In his tweet, which has been retweeted more than 14,000 times and has more than 298,000 likes, he wrote: “I am not ok. Feeling rock bottom.

“Please take a few seconds to say hello if you see this tweet. Thank you.”

Following his tweet, the father-of-two, who has been struggling to find employment during the pandemic, received goodwill messages from all

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This company reinvented the computer mouse, with good reason |



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Julia Dapkus and her 8 year old daughter Isabelle doing virtual learning with her fidget mouse last month in Plymouth, Michigan. 




Navigating on a computer with a traditional mouse never came easy for 8-year-old Isabelle Dapkus, who has developmental disabilities.

Isabelle struggles with fine motor skills, which affects her ability to use online materials for virtual learning, said her mother, Julia Dapkus.

However, after countless moments of frustration, Isabelle is now able to access her schoolwork and scroll through YouTube on her own, all thanks to a fidget mouse — a tactile, multi-sensory device that resembles a toy.

“She’s never been able to use a mouse before, like ever, and it wasn’t for lack of trying, but it was just not the appropriate tool,” said Dapkus, 41, of Livonia, Mich. “The first time she was exposed to it, she took right

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Good Programming Skills Help in QA Testing

Software testing is an important part of the release of a new software. Before release, a lot of testing has to be completed in order to know about existing glitches and errors. Based on results obtained from testing, such glitches can be rectified. QA testing training can be completed both online as well in classrooms.

The need for QA testing

Quality control is very important for any software. QA testing helps in rolling out a robust software product. Codes and functionalities need to be checked in an effective manner. After a candidate completes QA testing, he or she is in a position to deeply scrutinise the quality of a software product.

Professionals can either be freshers in the field of software testing, or they may be already familiar with the technologies. Freshers need to understand why software needs testing and how it tends to acquire glitches. Candidates have to learn … Read More

Technology and Freedom; Good or Evil?

Many say that technology is evil in some way, they will tell us that technology limits us and takes away our freedoms. Those who oppose technology live in the fear of change, but will not address their fears, rather condemn our species forward advancement into the future. The demand a Utopia, but squash those who research and study to make it so. They will attack the entrepreneurs, engineers, scientists and those who cheer them on.

Yet if we look closely at the facts we find that technology can give you freedoms. It can also take them away. But mankind has been enslaving people anyway without technology and at times offered them their freedom either by decree, sword or guillotine. So let’s also understand that too, just like money is not evil rather a unit of trade; so you see the other side?

When the first automobiles started moving the horse … Read More