event

3 key themes from Apple’s big event

By Tommy Flemm 1 year ago

This year’s edition of Apple’s WWDC, in which the hotly anticipated rumors are revealed, was muted by the coronavirus crisis, which made it impossible to have its customarily boisterous live audience to cheer.

Rumors of new devices and models did not materialize into announcements, but three overarching themes emerged amid a smattering of software announcements.

The first theme: A unified and flexible Apple experience.

Apple (AAPL) CEO Tim Cook left the job of emcee largely to his software chief Craig Federighi, who revealed updates of iOS, macOS, WatchOS, and AirPod OS. Many of these seemed incremental, but design-wise Apple said it considered the new macOS Big Sur the most revolutionary update since Mac OS X emerged in 2001 – 19 years ago.

While Apple didn’t blow anyone away, the updates across all operating systems highlighted flexibility, customization, and a flow of ideas between the devices. For example, phones took design

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Here’s what to expect from Apple’s WWDC 2020 event

By Tommy Flemm 1 year ago

Apple’s WWDC kicks off June 21. But rather than the company’s traditional developer conference held in a large, packed event space, the COVID-19 era has forced Apple to take one of its most important events of the year entirely online.

But don’t expect Apple (AAPL) to pull its punches in terms of news. You can count on the tech giant to make a host of major announcements including the debut of the latest version of iOS, and maybe even a few surprises.

Here’s what you can expect from WWDC 2020.

The first ARM-powered Macs

Apple has been rumored to be working on its own processors for its Mac and MacBook lines of computers for some time. And according to Bloomberg, the firm will finally make the move at WWDC. 

The company first began using Intel chips in its systems in 2006 after transitioning away from its PowerPC architecture. Intel’s chipsets

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Coronavirus payouts to top 100B in biggest ever non-life insurance event: Lloyd’s CEO

By Tommy Flemm 1 year ago

The coronavirus pandemic has had a dramatic effect on the insurance industry. So far, insurance market Lloyd’s of London estimates that the industry will pay out $100 billion — yet another “unprecedented” number during this crisis. Lloyd’s itself has been on the hook for $1.3 billion.

John Neal, CEO of Lloyd’s of London, highlighted the economic implications to the insurance industry in an interview with Yahoo Finance’s On the Move. The company isn’t an insurance company per se, but rather an insurance and reinsurance marketplace with many underwriters who share and spread the risk.

“The economic impact is so significant — the likes of which we’ve never seen in the industry,” Neal said. “We estimated that the claims payouts will total close to $100 billion, more than [Hurricane] Katrina and more than Harvey and Maria. It’s the single largest event the non-life insurance industry has ever encountered.”

Financially, this is

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Coronavirus a ‘seminal event’ that has ‘no playbook’ on how to recover

By Tommy Flemm 1 year ago

Plans to restart the U.S. economy must ensure that the coronavirus’ threat to public health has been contained, according to a top economist, because a resurgence of coronavirus cases could easily wreak more havoc.

A fissure has emerged between President Donald Trump and state governors about when stay-at-home orders can be lifted — and exactly who has the authority to do so — so that business activity can return to normal. However, the threat of a second wave of COVID-19, which has infected 2 million worldwide, has become an increasingly acute fear as a coalition of governors make plans to restore public life. 

“You want to make sure the health crisis is addressed first,” Moody’s Analytics chief economist Mark Zandi told Yahoo Finance on Monday, calling the pandemic a “seminal event” that will definitively alter American life for years to come.

“It would be a gamble to do otherwise because

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Coronavirus ‘possibly the biggest economic event of our all of lifetimes’

By Tommy Flemm 2 years ago

A former macro fund manager said on Thursday that the economic impact of the coronavirus — which is shaving trillions off the stock market and exerting a domino effect on the world economy — might be even worse than the 2008 financial crisis. 

Raoul Pal, a Goldman Sachs alum, previously co-managed GLG’s global macro fund, one of the largest in the world. Since retiring back in 2004, and he now authors a research letter, The Global Macro Investor, which is read by some of the most influential hedge fund managers.

Pal told Yahoo Finance that the rapid spread of COVID-19 — which the World Health Organization declared a pandemic amid soaring new infections and death — is something that “everybody is grappling” to understand. Currently, total confirmed cases around the world climbed past 127,800, while deaths passed 4,700.

“The question is, how big of an event is this? Because

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