Dow Bruised for Second Straight Day

The Dow Jones Industrial Average fell for a second day as investors digested the Federal Reserve’s latest policy update, where it moved up its timeline for interest rate hikes and forecast higher inflation.

The 30-stock index dumped 210.22 points to close Thursday at 33,823.45, weighed down by 3% losses in Dow Inc. and Caterpillar as most commodity prices took a hit.

The S&P 500 dipped 1.84 points to 4,221.86

The NASDAQ gained 121.67 points to 14,161.35, as investors huddled in some Big Tech stocks with Tesla up 1.9% and Snowflake up 2.8%. Shopify took on 6.1% and Twilio gained 8%.

Materials-related stocks led the losses as the Fed’s move to eventually raise rates, along with a current campaign by China to tamp down metals prices, took the air out of a surge in commodity prices this year.

The closely-watched Federal Reserve meeting Wednesday spurred a selloff in equities after the … Read the rest

Arrow Electronics and ROOQ team to innovate sports tracking

ROOQ Boxing technology delivers sophisticated performance data via sensors, app and online portal.

Global technology solutions provider Arrow Electronics and ROOQ, an innovator in sports measurement and analytics technology, have teamed up to create the ROOQ BOX, a sensor technology that enables boxers to monitor and review their performance using data that was previously only available under laboratory conditions.

ROOQ BOX comprises a pair of sensors worn within a strap on each wrist. The sensors record the movements made during boxing activity. The data is then analysed in the accompanying ROOQ App and cloud using machine learning algorithms to provide a precise record of the session. Using this information, boxers and trainers can create a detailed picture of the training session including punch count, punch speeds, variability and punch force. The algorithm has been trained to identify eight different types of punches and to automatically categorize these while filtering out … Read the rest

Dow Tumbles as Fed Signals Two Rate Hikes

U.S. stocks dropped on Wednesday after the Federal Reserve raised its inflation expectations and moved up the time frame on when it will hike interest rates next.

The Dow Jones Industrials hurtled earthward 265.66 points to greet the closing bell Wednesday at 34,033.67.

The S&P 500 demurred 22.89 points to 4,223.70. The broad equity benchmark dropped as much as 1% in volatile trading as all 11 sectors fell into the red at one point.

The NASDAQ faded 33.17 points to 14,039.68.

Economic reopening plays provided the broader market with some support. Royal Caribbean and Norwegian Cruise Line both climbed about 2% after an upgrade from Wolfe Research. United Airlines and American Airlines also registered gains.

The policymaking Federal Open Market Committee indicated that rate hikes could come as soon as 2023, after signaling in March that it saw no increases until beyond that year.

he central bank gave no indication … Read the rest

EXACT Technology Selects Soracom’s IoT Connectivity to Build Infrastructure of the Future

EXACT Technology Selects Soracom’s IoT Connectivity to Build Infrastructure of the Future

By monitoring the temperature of new concrete pours in real-time, infrastructure is built to last.

Soracom, Inc., a global provider of advanced IoT connectivity, today announced it has partnered with EXACT Technology Corp., a leader in concrete monitoring technology, to help build the infrastructure of the future.

Utilizing Soracom’s IoT connectivity solutions, EXACT can simply and reliably ensure that the concrete used to build highways, bridges, dams, buildings and other large infrastructure projects cures properly and is built to last.

EXACT monitors $20B+ in private and public construction projects for clients globally, creating data-driven solutions for precasters, infrastructure constructors, and other large users of concrete. EXACT’s purpose-built cloud-based solutions help clients collect, organize, report, and leverage essential data to increase revenue, decrease costs and improve quality.

The first seven days of the concrete curing process are critical. The temperature of the concrete needs to be maintained consistently throughout the weeklong … Read the rest

Indexes Flounder Ahead of Fed Meeting

U.S. stocks fell slightly on Tuesday with the S&P 500 and the NASDAQ Composite slipping from their respective records, as investors awaited the key Federal Reserve’s monetary policy meeting.

The Dow Jones Industrials lost 94.42 points to 34,299.33.

The S&P 500 fell 8.56 points to 4,246.59

The NASDAQ tumbled 101.29 points to 14,072.86, as Apple, Alphabet, Alphabet and Microsoft all registered losses.

Real estate and tech were the biggest laggards on Tuesday, while the energy sector provided the broader with some support, rising 2.1%. Diamondback Energy jumped 5.1%, and Exxon Mobil and Occidental Petroleum climbed more than 3% each.

On the data front, the final demand index for producer prices advanced 6.6% for the 12 months ended in May, the largest increase since 12-month data were first calculated in November 2010.

On a monthly basis, the producer price index for final demand rose 0.8%, ahead of the Dow Jones estimate … Read the rest

$5 billion IoT Platforms Market Driven By Adoption of Large Enterprises

Key findings of the research include:

  • The IoT platforms market exceeded forecasts, growing 48% between 2015 and 2020, according to IoT Analytics 2021 market report on IoT Platforms.
  • Many large multinationals have adopted IoT Platforms in recent years.
  • Microsoft and AWS have emerged as frontrunners in the market.
  • IoT platform architectures and business models have undergone large changes.

IoT Platforms Market 2021: Bigger, Broader, Hyperscaler-dominated

IoT Analytics, a leading provider of market insights and competitive intelligence for the Internet of Things (IoT) and Industry 4.0, this month launched a 230-page market report examining the IoT platforms market size & outlook 2021-2026 and found that the market has grown into a mature $5 billion market over the last five years.

The growth is driven by the adoption of large enterprises and increasingly dominated by hyperscalers.

2015 -2020: THE STORY OF A MARKET TRANSFORMATION

Five years ago, when IoT Analytics forecasted that the IoT platforms market would have a … Read the rest

Nasdaq and S&P 500 Close at Record Highs

The Nasdaq and the S&P 500 on Monday closed at record levels as Wall Street prepared for a key meeting of the Federal Reserve later this week.

The S&P 500 closed up 0.18% to 4,255 to mark its third consecutive record closing high, while the Nasdaq climbed 0.74%.

The Dow Jones Industrial Average fell 85 points, or 0.25%, to 34,393.

Investors will be keeping a close eye on an upcoming announcement on interest rates from the Federal Reserve’s policy-setting body, the Federal Open Market Committee, on Wednesday, followed by a press conference from Fed Chairman Jerome Powell.

While the U.S. central bank isn’t expected to take any action with respect to rates or a tapering of monthly asset purchases, Wall Street will be monitoring the meeting closely for the Fed’s forecasts on inflation and the strength of the economic recovery.

Lordstown Motors (RIDE) said Monday that CEO Steve Burns and … Read the rest

Digital Matter Announces IoT Asset Tracking Support for LoRaWAN® band AS923-4 for Use in Israel

Digital Matter Announces IoT Asset Tracking Support for LoRaWAN® band AS923-4 for Use in Israel

Support for AS923-4 enables new low-power asset tracking applications across Israel.

Digital Matter, a global leader in GPS and IoT hardware development, today announced the latest updates to its LoRaWAN® radio stack including support for the AS923-4 region, which was recently authorized for LoRaWAN device use in Israel.

According to the LoRa Alliance®, until recently, “authorizations in Israel were for trials, with several cities in Israel conducting pilot network deployments. This new spectrum allocation provides certainty and confidence to the Israeli market that full commercial LoRaWAN deployments are open for business.”

“We developed our own LoRaWAN stack, optimized specifically for low-power operations, low latency, and global adaptability,” says Ken Everett, CEO and Founder, Digital Matter.

“Robust and flexible, owning our own stack means we are also well-positioned to adapt very quickly to updates to the LoRaWAN standard, as demonstrated by how rapidly we were able to support the new

Read the rest

TSX Finds New Heights

Equities leaped midday Friday, as energy stocks gained on higher crude prices and upbeat economic data bolstered optimism over an economic

rebound.

The TSX Composite index strengthened 98.3 points to reach noon hour EDT Friday at 20,147.77, another intraday record for the exchange.

The Canadian dollar erased 0.4 cents to 82.23 cents U.S.

Hudbay Minerals was up 25 cents, or 32.9%, to $8.77, while First Quantum Minerals popped 78 cents, or 2.7%, to $29.33.

Enghouse Systems fell $2.29. or 4.3%, to $51.55, after the software provider missed second quarter estimates, while NorthWest Healthcare Properties, fading 23 cents, or 1.8%, to $12.85.

The Bank of Canada said on Thursday that inflation could remain higher than projected if supply imbalances and pressures on capacity persist, which might lead it to reduce stimulus more quickly than currently expected.

ON BAYSTREET

The TSX Venture Exchange docked 0.43 points to 979.48.

All but two of … Read the rest

Aquamonitrix Revolutionizes Water Quality Monitoring With Sierra Wireless Octave Edge-to-Cloud IoT Solution

Aquamonitrix Revolutionizes Water Quality Monitoring With Sierra Wireless Octave Edge-to-Cloud IoT Solution

Octave all-in-one solution enables company to launch in less than five months a ground-breaking water quality analyzer for accurate, real-time information.

Sierra Wireless today announced that Aquamonitrix® is using Sierra Wireless Octave™, the all-in one edge-to-cloud solution for connecting industrial assets to the cloud, to enable its ground-breaking water quality analyzer to provide accurate, real-time information on nitrate and nitrite levels in fresh and effluent water.

Octave Provides Real-Time Continuous Information, Speeds Time-to-Market, and Reduces Costs

Working in conjunction with Sierra Wireless and Sierra Wireless’ partner Linkwave Technologies, Aquamonitrix Ltd – backed by the resources of its parent company T.E. Laboratories (TelLab) – has been able to use Octave to develop a new remote monitoring IoT application that enables water managers to react immediately to nitrate-related pollution events, helping them to avoid fines, environmental damage, and reputation loss. The application also allows for near-continuous monitoring, so that episodic pollution … Read the rest