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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 11, 2018
Page
18
Financial brief notes small changes across major indices and commodity prices. Dow Jones trends show modest gains while gold and silver edge higher, crude fluctuates, and a 30 year yield moves slightly, with overall mixed momentum in late trading.
Google CEO Sundar Pichai reveals Google Duplex a voice assistant that speaks with human cadence and understands context during the I O developers conference. In demo calls to a restaurant and a hair salon the AI used ums and uhs and sounded indistinguishable from a real person.
Comcast plans about 60 billion dollars in bridge financing for a potential offer on 21st Century Fox assets and Sky, as Walt Disney agreed to pay 52 billion dollars for Fox entertainment assets. Rupert Murdoch rejects the bid, regulators loom, and analysts warn Comcast could end up with neither outcome.
Equifax disclosed in filings to the SEC and Congress the breadth of last year’s data breach. The company lists 146.6 million names and dates of birth, 145.5 million Social Security numbers, 99 million addresses, 20.3 million phone numbers, 17.6 million driver licenses, 1.8 million emails and 97,500 tax IDs accessed by hackers. CEO Rick Smith retired, a new CEO took over in March, and a new data security chief joined from Home Depot.
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