Markets News 

CCI probing Google’s abuse of Android market dominance: report

“The European Commission had found Google guilty of abusing its market dominance by bundling its apps into Android phones and forcing Google Search and Chrome on Apple devices” writes Trisha Jalan for medianama.com. Android mobile phones capture 85% of the global market, and 98% of the Indian smartphone market, Reuters said, citing Counterpoint Research. Source: medianama.com

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Markets News Stocks 

One shocking chart suggests mega-cap tech juggernauts are in for a rude awakening — and that sharp losses could be coming

“Modest changes in economic growth and overall corporate profitability have a highly leveraged impact on the revenue growth and profitability of technology companies.”” writes Joe Ciolli for businessinsider.com. The plot points show company revenue as a percentage of 2018 trailing-12-month annual sales, relative to annual revenue growth over the subsequent two-year period.Tech stocks are frequently branded as the new torchbearers of the stock market.But what if tech stocks are just locked in a temporary cycle of expansion — one that’s doomed to give way to a hot new group at…

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News 

UAE favors global cooperation amid China’s rising tech dominance

“Several western governments have expressed concerned about ties between tech giant Huawei and the Chinese government” writes Sam Meredith for cnbc.com. The United Arab Emirates (UAE) is not worried about China’s rising dominance in the technology sector, according to the country’s artificial intelligence minister.The world’s largest telecom equipment maker is facing restrictions from several national governments, amid heightened fears its products could be used for spying. “We need to ensure that the playground globally for every citizen anywhere on earth is a fair playing field,” Al Olama said. Source: cnbc.com

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News Oil 

ANWR will assure US oil production dominance

“Drilling in ANWR oilfields, whose potential has few rivals in the history of U.S. oil production, certainly will be challenging, both technically and environmentally” reports washingtonexaminer.com. U.S. oil production has boomed in the decades since.By 2005, nearly 25 years after Carter left office, imported oil still accounted for more than 60 percent of domestic oil consumption.Oil production at Prudhoe Bay on Alaska’s North Slope, together with construction of the Trans-Alaska Pipeline System (which was built following the 1973 oil crisis) played a key part in America’s recent energy boom. Source: washingtonexaminer.com

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Industry groups fret shutdown is slowing Trump’s ‘energy dominance’ agenda

“The Chamber and other industry groups are particularly concerned about delays at the Interior Department, which oversees energy development on federal land and waters” reports washingtonexaminer.com. Industry groups and allies were already concerned before the shutdown that, because of court challenges, the Trump administration could fail to implement many environmental rules changes meant to promote energy development before the president’s first term ended.But some major work at Interior has continued unimpeded, pleasing industry groups and angering environmentalists who say the administration is improperly emphasizing energy development over other basic agency…

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Markets News Oil 

IEA: U.S. Dominance in Oil Markets Will Continue to Grow

“The U.S. has become a dominant competitor in oil markets in its own right, however, and has taken a place among the world’s largest oil producers, thanks to its shale oil revolution” writes unknown author for cnbc.com. The U.S. might have been left out from the big summit between OPEC and non-OPEC producers in Vienna last week but the country’s influence over global oil markets is only going to get stronger, the International Energy Agency (IEA) stated in its latest report.”Last week’s meeting reminded us that the Big Three of…

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Markets News Oil 

US dominance in oil markets is only going to get bigger, the IEA says

“The U.S. has become a dominant competitor in oil markets in its own right, however, and has taken a place among the world’s largest oil producers, thanks to its shale oil revolution” writes unknown author for cnbc.com. The U.S. might have been left out from the big summit between OPEC and non-OPEC producers in Vienna last week but the country’s influence over global oil markets is only going to get stronger, the International Energy Agency (IEA) stated in its latest report.”Last week’s meeting reminded us that the Big Three of…

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