News Stocks 

Dow jumps 150 points as North Korea tensions ease

“U.S. stock benchmarks rallied Monday afternoon, as a recent aversion to assets considered risky on the back of fears about tensions between the U.S. and North Korea receded somewhat” writes Mark Decambre for marketwatch.com. The Dow Jones Industrial Average DJIA, +0.68% rose 0.7% above 22,000, led by about 2% jumps in shares of Goldman Sachs Group Inc.In other corporate news, shares of Tesla Inc. TSLA, +1.64% rose nearly 2% higher after Baird analyst Ben Kallo, a longtime Tesla bull, hiked his price target for the electric-car maker’s stock to $411…

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Futures Markets News Stocks 

U.S. stock benchmarks set to add to losses as North Korean tensions simmer

“U.S. stock-index futures pointed to more losses for Wall Street on Thursday as tensions between the U.S. and North Korea showed few signs of easing” writes Markets Reporter for marketwatch.com. Dow Jones Industrial Average futures YMU7, -0.25%  fell 55 points, or 0.3%, to 21,963, while S&P 500 futures ESU7, -0.39%  dropped 9.50 points, or 0.4%, to 2,463.50.On the corporate side, investors will get earnings from Macy’s Inc. and Kohl’s, along with an update on producer prices. Source: marketwatch.com Share This:

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Markets News 

New rules for FTSE Russell index provider to exclude Snap, others from benchmarks

“Global index provider FTSE Russell said Wednesday it plans to require companies on its indexes to have a minimum of 5% of voting rights in the hands of unrestricted shareholders, specifically citing Snapchat parent Snap Inc” writes Claudia Assis for marketwatch.com. Snap raised more than $3 billion in its market debut in March; shares opened at $24 and on Wednesday closed at $13.40.Eligibility rules will become effective at the September quarterly and semi-annual index reviews, the company said. Source: marketwatch.com Share This:

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News Oil 

Energy ETF set for best one-day gain in 3 weeks as crude climbs

“The energy-focused Energy Select Sector SPDR ETF was up 2.2%, setting the ETF up for its sharpest one-day rise since a 2.4% gain on June 9” writes Mark Decambre for marketwatch.com. GE, +1.63% announced the completion of its deal to combine its energy business with Baker Hughes.A prominent fund used to bet on the energy sector on Monday was on pace to post its best daily climb since early June, according to FactSet data.BHI, +5.82% The climb in shares of Baker Hughes also comes as General Electric Co. Source: marketwatch.com Share…

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News 

Uber’s board shakeup continues, with Bill Gurley to leave

“Venture capitalist Bill Gurley, whose firm Benchmark was one of Uber’s earliest investors, has stepped off the ride-hailing company’s board and will be replaced by fellow Benchmark partner Matt Cohler, who helped broker Benchmark’s original investment in Uber” writes Dave Lawler for axios.com. Why: Gurley for years was a vocal supporter of Uber and CEO Travis Kalanick, but yesterday was part of the group of investors who requested that Kalanick resign from his job as the company’s chief (which he did, although he will remain on the board of directors). Source:…

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OnePlus 5 Benchmarks Controversy – Did OnePlus Cheat Reviewers with Manipulated Unit?

“When OnePlus was caught cheating in OnePlus 3 and OnePlus 3T, the company accepted its wrongdoing” writes News Writer for gizmochina.com. Unlike producing misleading benchmark scores on OnePlus 5, the company had previously cheating in OnePlus 3 and OnePlus 3T smartphones to decrease variance and thermal throttling.Therefore, we have allowed benchmark apps to run in a state similar to daily usage, including the running of resource intensive apps and games. Source: gizmochina.com Share This:

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OnePlus 5 caught cheating with benchmarks yet again; this time with review units

“In a piece put out earlier this year, XDA shamed a number of manufacturers including Samsung, HTC, Sony and OnePlus for cheating on benchmarks” reports firstpost.com. Oddly, that list does not include the folks at XDA, who have now claimed that the OnePlus 5, similar to the OnePlus 3T before it, has been caught cheating with benchmarks to produce unusually high scores for reviewers.As a result, every OnePlus 5 review citing benchmark scores as an accolade of the phone’s success is misleading both writers and readers, and performance analyses based on…

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Google ends support for popular browser benchmark because devs kept cheating it

“Google is ending support for a widely used browser benchmark after determining that the test had actually become detrimental to web performance” writes Apr Edt for theverge.com. The test also penalized some optimizations that were good for real-world performance, encouraging developers to build a worse JavaScript engine. Google isn’t saying benchmarks should be put aside altogether, but its announcement this week is an important reminder that benchmarks can easily outlive their usefulness. Source: theverge.com Share This:

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