Week of Dec 30 2016 Weekly Recap & The Week Ahead
”Money cannot consistently be made trading every day or every week during the year” – Jesse Livermore
HAPPY NEW YEAR & WISHING YOU A PROSPEROUS 2017
1. Tesla to Manufacture Solar Cells in Buffalo NY — as part of a solar partnership first announced in October, Panasonic (OTCPK:PCRFY) and Tesla Motors (NASDAQ:TSLA) have agreed to begin production of photovoltaic cells and modules at a factory in Buffalo, New York. The two companies plan to start manufacturing in the summer of 2017 and increase to one gigawatt of module production by 2019.
2. Qualcomm Hit With Antitrust Fine In South Korea — the Korea Fair Trade Commission has fined Qualcomm (NASDAQ:QCOM) 1.03T won ($854M) for what it called unfair business practices in patent licensing and modem chip sales. Qualcomm said it would challenge the antitrust regulator’s decision in the Seoul High Court. The fine is the largest ever levied in South Korea.
3. Ford to Triple Size of Autonomous Test Fleet — it’s been three years since Ford (NYSE:F) launched its fleet of 10 first-generation Fusion Hybrid autonomous research vehicles, which have seen advancements like driving on snow-covered roads and operating in the dark without headlights. Joining the team in 2017 will be 20 next-generation autos (featuring new hardware, electrical controls and sensor technology) that will triple the Blue Oval’s stable of self-driving vehicles.
4. Twitter Starts 360-Degree Live Video Streaming — Twitter (NYSE:TWTR) has joined YouTube (GOOG, GOOGL), Facebook (NASDAQ:FB) and others in offering panoramic live views, marking a greater use of real-time video that is part of a broader trend of immersive experiences and virtual reality. Twitter (NYSE:TWTR) has joined YouTube (GOOGL), Facebook (NASDAQ:FB) and others in offering panoramic live views, but not everyone can post for now. Live 360-degree videos will be marked with a “LIVE 360” badge and users can change the angle of their view by either moving their phones or swiping their screens.
5. GOP Readies Swift Obamacare Repeal With No Replacement Ready — the first major act of the unified Republican government in 2017 will be a vote in Congress to begin tearing down Obamacare. However, the Republicans and President-elect Donald Trump have no agreement thus far on how to replace coverage for about 20 million people who gained insurance under the health-care law. Republicans are debating how long to delay implementing the repeal. Aides involved in the deliberations said some parts of the law may be ended quickly, such as its regulations affecting insurer health plans and businesses. Other pieces may be maintained for up to three or four years, such as insurance subsidies and the Medicaid expansion. Some parts of the law may never be repealed, such as the provision letting people under age 26 remain on a parent’s plan.
The week ahead — Economic data from Econoday.com:
Tags: Obama Care Repeal