Quibi on Wednesday revealed a new mobile video technique called Turnstyle that allows mobile video consumers to seamlessly switch between watching the same video on their smartphones either vertically or horizontally.
Why it matters: The technology, which was demoed to reporters on Tuesday at the Consumer Electronics Show (CES) in Las Vegas, is a huge part of what Quibi thinks will help differentiate its product from other mobile video experiences, like Snapchat or Instagram.
Foreign investors flocked back to emerging markets in December, data from the Institute of International Finance shows.
What happened: IIF estimates EM stocks and bonds drew $30.7 billion from foreigners in December, a significant increase from the $19.9 billion in November, and the continuation of a recovery from EM's summer slump.
Defense sector stocks have predictably seen major buying since the killing of Iran Gen. Qasem Soleimani, in particular Northrop Grumman and Lockheed Martin.
Why it matters: The gains may not be temporary, analysts say.
Even after a very tough year in which farm debt has risen, sales have declined and the prices of key exports like soybeans have plummeted, large-scale U.S. farmers remain upbeat on their prospects, a survey shows.
Driving the news: The latest results of the Purdue University and CME Group reading of the agriculture economy showed a slight decline in December, but that was down from an all-time high touched in November.
While U.S. manufacturing has fallen into its deepest hole in a decade, the all-important services sector keeps chugging along.
What's happening: The Institute for Supply Management's gauge of the U.S. services sector yesterday produced a reading solidly in expansionary territory and above expectations. That was a far cry from the company's manufacturing index, which last week hit its weakest level since June 2009.
TiVo at this year's CES show in Las Vegas unveiled a new low-cost device that would compete directly against the likes of Roku and Apple TV, marking a pivot to what the company says is its future.
Why it matters: When TiVo debuted its iconic digital video recorder 21 years ago at this very same gadget trade show, recording video and skipping commercials marked a revolution in consumer control over how and when to watch TV. But things have greatly changed since then.
NowThis, the millennial social video media outlet that's part of Group Nine Media, will announce Tuesday the launch of NowThis Impact, a new editorial division that covers social issues and is underwritten by non-profits and philanthropic organizations, including launch partner Emerson Collective.
Why it matters: Underwriting editorial content is becoming a bigger trend as more philanthropy and non-profit money floods into journalism.
In contrast to the blowout returns of their U.S. counterparts last year, European banks delivered uninspired returns to investors.
What happened: U.S. banks like Citigroup and JPMorgan drove a 32% return for the S&P financial sector, slightly edging the S&P 500's 31% rise. Europe’s bank stocks index ended 2019 up 8%, but trailed the broader European Stoxx 600, which rose 23%.
AT&T's advertising division Xandr is preparing to further integrate its advertising and data operations with WarnerMedia's advertising and data operations this year, Xandr CEO Brian Lesser said in an exclusive interview with Axios at CES in Las Vegas.
Why it matters: Lesser says that the integration is a necessary step in realizing the full value of AT&T's recent acquisitions of Time Warner and AppNexus, and that combining the brands is a top priority for 2020.
The continued decline in prices paid by manufacturers could be a major impediment to European policymakers' desire for higher inflation in the eurozone, and data released Monday shows things are not improving.
What happened: The producer price index for the eurozone fell for the fourth straight month in November.
One Medical has filed paperwork to go public, and the growing chain of physician offices has made it clear to prospective investors that large, dominant hospital systems are becoming a lot more crucial to its business.
The bottom line: "Our growth depends on maintaining existing, and developing new, strategic affiliations with health network partners," One Medical executives wrote in their IPO filing.
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