Dow Vaults 300+, End 2-Day Slump

U.S. stocks rose on Wednesday to recover from two straight days of losses as investors piled into shares most sensitive to the economic recovery.

The Dow Jones Industrials restocked 316.01 points to close Wednesday at 34,137.31

The S&P 500 regained 38.48 points to 4,173.42.

The NASDAQ Composite popped 163.95 points to 13,950.22.

Shares of Norwegian Cruise Line Holdings led a pop in reopening plays after Goldman Sachs upgraded the stock. Norwegian jumped more than 10%, while Carnival picked 6.3%, and Royal Caribbean rose 4.4%.

United Airlines rebounded 3% after plunging 8.5% on Tuesday as the carrier reported its fifth consecutive quarterly loss and said that business and international travel is still far from a recovery.

Netflix shares plunged over 7% after the streaming giant reported subscriber additions that fell far short of Wall Street estimates as the demand surge from the pandemic started to fade. The company also said it … Read the rest

LoRaWAN Partners Unite to Solve Parking Problems in The City of Huntington

LoRaWAN Partners Unite to Solve Parking Problems in The City of Huntington
Anyone who spends a lot of time driving knows that parking can be a time consuming and frustrating business. With increasing congestion, parking restrictions and fewer stopping routes, drivers are finding it increasingly more difficult to find available spots. Adding to this difficulty is the challenge of paying the parking fee after a spot is finally secured. In some areas, meters are not easy to find, require coins or sometimes are even broken, all leaving the parker with even more frustration. It was all these challenges that the City of Huntington Park set forth to tackle in developing a new easy to use parking application for its citizens.

To make it all happen the city joined forces with Nobel Systems a cloud solution provider specializing in IoT Devices for utilities and municipalities. “The city wanted to get rid of manually paying spots and the city enforcement also needs a better Read the rest

Dow Sustains Back-to-Back Losses, Plunges 250

U.S. stocks fell for a second day on Tuesday as strong corporate earnings failed to boost a market already near record highs, while an alarming rise in global COVID cases raised concerns about the recovery.

The Dow Jones Industrials plummeted 256.33 points to close Tuesday at 33,821.30, as Boeing and Nike both dropped more than 4%.

The S&P 500 deleted 28.32 points to 4,134.94.

The NASDAQ Composite weakened 128.5 points to 13,786.27.

Reopening plays such as airlines and cruise line operators led losses on Tuesday. United Airlines plunged 8.5% after the carrier reported its fifth consecutive quarterly loss and said that business and international travel recovery is still far off. American Airlines fell 5.5%, while Carnival and Norwegian Cruise Line both slid over 4%.

The selloff in shares that are tied to a successful reopening came as the World Health Organization warned that global coronavirus infections were edging toward their … Read the rest

Queclink Partners with Sigfox to Enable Asset Management and Stolen Vehicle Recovery

Sigfox partners with Queclink to enable asset management and stolen vehicle recovery

Queclink, a world leading supplier of IoT devices and technologies, and Sigfox, the 0G network pioneer and the world’s leading IoT service provider, today announced their partnership.

The collaboration will see the launch of a series of initiatives designed to enable asset management and stolen vehicle recovery (SVR).

Queclink and Sigfox, two active participants in the IoT industry, share a common goal to empower a future where the physical world is connected to the digital universe. Queclink as an IoT hardware designer and manufacturer inspires data-driven solutions with smart devices, while Sigfox has revolutionized connectivity for IoT devices with its low power, low cost and long range 0G network spanning 72 countries.

These two leading IoT brands have joined forces to enhance asset management and SVR solutions worldwide. The first milestone of the partnership is marked by the launch of the GL52S, Queclink’s first Sigfox integrated tracking Read the rest

TSX Gives Back Gains from Late Last Week

Stocks in Toronto stumbled to begin the week as tech stocks proved a drag on the market.

The TSX fell 146.9 points to end Monday at 19,204.42.

The Canadian dollar slid 0.12 cents to 79.78 cents U.S.

As mentioned, tech stocks took the biggest bruises, as Hut 8 Mining dropped 78 cents, or 10.4%, to $6.70, while Shopify was pummelled $73.62, or 4.49%, to $1,436.72.

Among materials, Nutrien suffered a loss of $2.52 per share, or 3.6%, to $67.53, while Endeavour Silver let go of 23 cents, or 3.3%, to $6.77.

In the utilities sector, Boralex slipped $2.69, or 6.2%. to $40.87, while Innergex Renewable Energy doffed $1.24, or 5.3%, to $22.16.

Only consumer staples held out amid the negative tide, with Maple Leaf Foods gaining 85 cents, or 3.1%, to $28.06, while Alimentation Couche-Tard tallying 48 cents, or 1.2%, to $41.95.

ON BAYSTREET

The TSX Venture Exchange demurred 15.29 … Read the rest

Waylay Announces Waylay IO, the first low-code developer-friendly data automation and orchestration platform

Waylay Announces Waylay IO, the first low-code developer-friendly data automation and orchestration platform

Waylay IO holds the promise of coding at a fast pace, with minimal setup effort and guaranteeing quick deployment.

Waylay, a leading enterprise automation software company at the forefront of digital transformation has today announced Waylay IO, its new product offering for developers.

Waylay IO is a low-code development platform that reduces the complexity of the application development process. Its automation technology uses small snippets of code, reusable across different use cases, and orchestrated by the powerful rules engine. The automation platform offers necessary tools in one place and helps developers to experiment with data and create insightful new applications and business models quicker than ever before.

Veselin Pizurica, Founder & CTO of Waylay, said:

“The basic building blocks of our low-code platform are small snippets of code that can be re-used, just like lego bricks.”

“Serverless is the perfect environment for this low-code lego brick approach and Waylay IO Read the rest

Dow, S&P Soar to New Record

U.S. stocks rose again on Friday as the market’s rally to records carried on amid strong earnings from blue-chip companies as well as solid data signaling a snapback in the economy.

The Dow Jones Industrials jumped 164.68 points to close Friday at 34,200.67,

The S&P 500 added 15.05 points to 4,177.52, to hit another fresh high.

S&P 500’s strong performance in recent weeks has pushed its year-to-date gains to more than 11%. Cyclical sectors have been the biggest

winners this year with energy and financials leading the rally.

The NASDAQ Composite restored 13.58 points, to 14,052.34.

Wall Street wrapped up another winning week with the three major benchmarks all gaining more than 1%. The S&P 500 and the Dow posted their fourth straight positive week, while the tech-heavy NASDAQ has registered gains for three weeks in a row.

The last of the six largest U.S. banks to report– Morgan Stanley … Read the rest

Telit Launches NE310L2 Series of NB-IoT Modules for Power- and Cost-Sensitive IoT Applications

Telit Launches NE310L2 Series of NB-IoT Modules for Power- and Cost-Sensitive IoT Applications

  • The NE310L2 features best-in-class power consumption, optional 2G fallback, an ultra-compact footprint, and future integrated SIM support
  • Powered by the new Altair 5G-ready ALT1255 cellular IoT chipset from Sony Semiconductor Israel (Sony), the NE310L2 is ideal for smart meters, industrial sensors, asset trackers, and other battery-operated, cost-sensitive LPWA applications

Telit, a global enabler of the Internet of Things (IoT), today launched the NE310L2 series of 3GPP Rel. 14 compliant NB-IoT modules.

Featuring best-in-class power consumption, optional 2G fallback, an ultra-compact footprint and future integrated SIM support, the new modules are ideal for low-bandwidth, cost-sensitive applications that require long battery life and enhanced coverage.

The Telit NE310L2 series features the new cellular IoT Chipset from Sony, the ALT1255 low-power LTE Category NB2 chipset with an integrated SIM (iSIM), global LTE bands support, rich application layer, and GSM/GPRS fallback modem. The 5G-ready ALT1255 is designed for battery-powered, cost-sensitive, worldwide LPWA applications such … Read the rest

TSX Cements Gains for Positive Close

Stocks in Toronto concluded a strong week, with resource stocks pushing higher Friday.

The TSX gained 24.2 points to close the week at 19,346.12. The index leaped 361 points, or 1.9% on the week

The Canadian dollar gained 0.25 cents to 79.96 cents U.S.

Gold stocks stole the show Friday, as B2Gold gained 10 cents, or 1.6%, to $6.35, while Wesdome Gold Mines attached 10 cents, or 1%, to $9.95.

In other resource stocks, Canfor Corp. added $2.10, or 7.1%, to $31.83, while Interfor gained $1.91, or 6%, to $34.02.

Among communications winners, AcuityAd Holdings took on 33 cents, or 2.4%, to $14.12, while Shaw Communications hiked 51 cents, or 1.5%, to $34.97.

Energy, however, got somewhat bruised, as Vermilion Energy slid 36 cents, or 3.9%, to $8.77, while Crescent Point Energy dipped 14 cents, or 2.8%, to $4.86.

In techs, Hut 8 Mining lost 48 cents, or 6%, to … Read the rest

Kerlink & HYDRAO Team Up to Enable US Hospitality Chain To Save Water with Smart-Shower

Kerlink & HYDRAO Team Up to Enable US Hospitality Chain To Save Water with Smart-Shower

Hostelling International USA Is Deploying an Internet of Things System In More than 30 Hostels; Expects to Reduce Water Use by up to 1 Million Gallons a Year.

Two French Internet of Things companies are combining their technologies to install a smart-shower system for a large chain of U.S. hostels that is expected to reduce water use by up to 1 million gallons a year.

Kerlink, a specialist in solutions dedicated to the Internet of Things (IoT), and HYDRAO, which makes smart demand-management solutions that enable significant water and energy savings, will install the solution for Hostelling International USA, a U.S. nonprofit with more than 30 hostels.

The world’s-first deployment of a large-scale LoRa® smart-shower network will show HI USA’s overnight guests in real time how much water they are using while showering, via a colored-LED sequence (much like a traffic light).

HI USA’s nationwide, LoRaWAN®-based SmartShower program uses a … Read the rest