Category Archives: Office Web Apps

Bank of America just showed how terrified Wall Street is of cryptocurrencies (BAC)

Bank of America

  • Bank of America mentioned cryptocurrencies in a regulatory risk filing for the first time late Thursday.
  • The firm warned that cryptocurrencies could undermine many of its services, and that customers might go elsewhere if the firm fails to adapt. 

Bank of America has warned that cryptocurrencies could potentially undermine its entire business, the firm said Friday.

In a lengthy, 13,000-word regulatory filing late Thursday, the US’ third-largest bank by assets mentioned cryptocurrencies three times in the document’s risk factors section.

“The widespread adoption of new technologies, including internet services, cryptocurrencies and payment systems, could require substantial expenditures to modify or adapt our existing products and services as we grow and develop our internet banking and mobile banking channel strategies in addition to remote connectivity solutions,” the bank said.

All consumer banks have rapidly expanded their online and mobile offerings in recent years. Bank of America was one of the first institutions to launch Zelle, a Venmo-Like payment app that allows for instant settlement of money transfers, a core tenet of cryptocurrencies, but it’s still worried it could lose its grasp.

Bank of America also expressed concern about the regulatory consequences of cryptocurrencies. “Emerging technologies, such as cryptocurrencies, could limit our ability to track the movement of funds,” the bank continued. “Our ability to comply with these laws is dependent on our ability to improve detection and reporting capabilities and reduce variation in control processes and oversight accountability.”

Bank of America is also worried about banks falling out of favor with the public, as they flock to non-bank money services firms for everything from savings, to payments, to transfers.

“Technological advances and the growth of e-commerce have made it easier for non-depository institutions to offer products and services that traditionally were banking products,” it said. “And for financial institutions to compete with technology companies in providing electronic and internet-based financial solutions including electronic securities trading, marketplace lending and payment processing.”

When CEO Brian Moynihan was asked about cryptocurrencies in January his answer was simple. “We’ve basically told people that they could buy it in other accounts, but not at Merrill Lynch. And so it’s just our view that customers should be careful here,” he said.

Many financial institutions, including Bank of America, have blocked customers from using credit cards to purchase cryptocurrencies, saying they must use debit cards connected to checking accounts. This could drive people to competitors, the bank said.

“Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies,” it said.

SEE ALSO: Sign up to get the most important updates on all things crypto delivered straight to your inbox.

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NOW WATCH: Microsoft President Brad Smith says the US shouldn’t get ‘too isolationist’

Microsoft Office 2010
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An emotional support dog bit a six-year-old girl on a Southwest Airlines flight — and some people are blaming the child (LUV)

dog on plane

  • An emotional support dog bit a child passenger on a Southwest Airlines flight from Phoenix to Portland, Oregon on Wednesday night.
  • The contact resulted in a “minor injury” that was evaluated by emergency medical personnel before the flight departed.
  • Southwest said it’s continuing to review its policies around emotional support and service animals.

An emotional support dog bit a child passenger on a Southwest Airlines flight from Phoenix to Portland, Oregon on Wednesday night. The incident was reportedly first documented by another passenger, Todd Rice, on Twitter, though the tweet is no longer available.

“@SouthwestAir flight 1904 allows a support dog on the plane, bites kid, paramedics now on plane. Why are dogs on the plane?! Never again will I fly SWA,” Rice reportedly wrote.

Southwest told Business Insider in a statement that after the child approached the emotional support dog while boarding the flight, the dog’s teeth “scraped” the child’s forehead. The contact resulted in a “minor injury” that was evaluated by emergency medical personnel before the flight departed. The dog and its owner left the aircraft and took a later flight to Portland. 

The incident has provoked a surprising reaction on Twitter, where some users are blaming the child and her parents for failing to act responsibly.

“She was specifically told to stay away, clearly she nor her parents listened,” one user wrote. “She’s already six, teach her personal responsibility. The pet owner has every right to be angry, it’s not the dog’s fault the kid wasn’t supervised.”

southwest dog twitter

Southwest’s “assistance animal” policy says that passengers who wish to fly with an emotional support animal must provide documentation from a mental health professional. The policy also states that, “Service and emotional support animals must be trained to behave in a public setting. If an animal behaves poorly, it may be denied boarding.”

Since airlines can leave the question of what qualifies as an emotional support animal to medical professionals, the real trouble lies in ensuring that emotional support animals, which often don’t receive the same training as service animals, are fit to behave on their flights. Delta and United Airlines have attempted to address this problem by updating their policies to require that passengers flying with emotional support animals sign paperwork that states the animal is fit to behave in public. 

Southwest told Business Insider that it’s continuing to evaluate its policies around emotional support and service animals.


Here’s how people reacted to the Southwest incident on Twitter:

southwest dog twitter

southwest dog twitter

southwest dog twitter

southwest dog twitter

southwest dog twitter

SEE ALSO: Here’s how airlines decide if a pet qualifies as an emotional support animal

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NOW WATCH: Jim Chanos on the return of choppy markets, Tesla, and the ‘rent-seeking behavior’ that’s hurting our economy

Microsoft Office 2010
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Everyone should appreciate apps that put time and effort into explaining their software updates

iphone ios 6 app updates

Before iOS 7 launched in 2013, iPhone and iPad users would have to manually download any and all software updates for apps once they became available.

An aggressive red badge on the App Store icon would show you the number of apps that needed updating.

There was no automatic downloading for software updates. It was pretty annoying.

These days, since iOS app updates download automatically, there’s rarely a reason to visit the “Updates” tab in the App Store — and most app developers seem to be aware of this.

For many apps, an update will simply include a boilerplate explanation for any software update along the lines of “we update the app regularly to make it faster and more reliable.”

Usually, developers don’t bother detailing new features, or which bugs were fixed, since so few people ever look there.

Still, many app makers still make an extra effort to explain all their software updates — and it’s worth noting those that do this, if only to highlight developers that are transparent with their users.

Take a look:

SEE ALSO: 9 reasons you should buy an iPhone 8 instead of an iPhone X

DON’T MISS: I’ve owned an Amazon Echo for over two years now — here are my 19 favorite features

Great example: Medium doesn’t settle for a simple description, instead turning the update into a song (to the tune of “Dayman,” from “It’s Always Sunny In Philadelphia”).

Snapchat also does a good job at being transparent. Bullet points are better than nothing!

Amazon Kindle similarly keeps its users in the know.

See the rest of the story at Business Insider

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AI 101: How learning computers are becoming smarter

artificial intelligence social network eter9

Many companies use the term artificial intelligence, or AI, as a way to generate excitement for their products and to present themselves as on the cutting edge of tech development.

But what exactly is artificial intelligence? What does it involve? And how will it help the development of future generations?

Find out the answers to these questions and more in AI 101, a brand new FREE report from BI Intelligence, Business Insider’s premium research service, that describes how AI works and looks at its present and potential future applications.

To get your copy of the FREE slide deck, simply click here.

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Business Insider UK is hiring a paid fellow for its finance team

yuntian business insider

Business Insider UK is hiring a paid fellow who is fascinated by financial news and wants to write about it in an original and compelling way.

We’re looking for someone who is following the price of the pound, the economic impacts of Brexit, and banking culture.

The ideal candidate will be able to identify news reports, earnings releases, analyst calls, and economic data that may be affecting stocks, industries, and the markets as a whole. He or she should be able to present that information in an exciting way with a unique angle.

The dream fellow:

  • has a journalism background and experience working at a digital publication
  • has excellent writing skills, and can work quickly and independently
  • knows how to use blogs, Twitter, LinkedIn, Facebook, and other social media to attract and engage an audience

As a fellow at Business Insider, there is no getting coffee, filing, or making copies. You will be generating many clips each day. The role will involve writing a mix of articles, including short posts that analyse the most interesting news of the day, photo-based stories, and reported features.

APPLY HERE with a cover letter explaining why you are the right fit for this role. Please also include a link to your LinkedIn profile, plus links to your work.

This position requires that you work in our London office. Fellows are encouraged to work 40 hours a week for a six-month period from the start date.

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NOW WATCH: A Wharton professor predicts what city Amazon will choose for their new headquarters

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Apple's wireless charging pad that lets you top up your iPhone, Apple Watch, and AirPods simultaneously is reportedly launching next month (AAPL)

Phil Schiller AirPower

  • Apple announced the AirPower in September last year, saying that it would launch in 2018.
  • The AirPower is a physical, wireless pad which can charge multiple Apple devices at the same time without the need for cables.
  • A report from MacOtakara suggests the AirPower will launch as soon as March.

Apple is reportedly on track to release its AirPower charging unit later this year, according to a report from MacOtakara (which we first saw via 9to5Mac).

AirPower is Apple’s wireless charging pad; an oval-shaped surface large enough to hold your iPhone X, 8, or 8 Plus, or Apple Watch and charge them. The whole setup works without cables and can charge up to three devices at once.

AirPower will also work with AirPod headphones, provided you buy Apple’s new battery case for the headphones with wireless charging capabilities. It’s likely the AirPower units and the charging-enabled AirPods case will launch at the same time, though there’s no mention of that in MacOtakara’s report.

Apple is separately expected to launch a second-generation pair of AirPods.

MacOtakara doesn’t have a specific date, but it’s reporting that the AirPower should launch sometime in March, and that it will be available from both Apple and select third-party resellers such as Best Buy.

There are still no details on price. A Polish retailer last year suggested that the AirPower would cost $199 (£142), but it seems unlikely that an independent shop would have been clued up on a future Apple product.

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NOW WATCH: The NFL is using this football helmet that morphs on impact to reduce head injuries

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What’s new in Google’s Dart language

Google’s Dart language, once positioned a potential replacement for JavaScript in the browser, is being rebooted for client-side web and mobile development in Version 2 of the language. A beta version is now available.

Dart 2 features a strengthened type system, a cleaned-up syntax, and a rebuilt developer tool chain. Dart has a succinct syntax and can run on a VM with a just-in-time compiler, with the compiler enabling stateful, hot reload during mobile development.

Developers also gain from fast development cycles where code can be edited, compiled, and replaced in apps running on a device. Compiling code ahead of time provides fast startup, Google said.

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10 things in tech you need to know today (AAPL, GOOG, MSFT, AMZN, INTC, SNAP)

peter-dinklage-angry-birds

Good morning! Here is the tech news you need to start your Friday.

1. Apple is reportedly working on a new pair of AirPods. The new earbuds are said to support the “Hey Siri” command, have a new wireless chip, and be scheduled for this year, while a water-resistant version may be launched in 2019.

2. The FCC’s Restoring Internet Freedom order will become active on April 23. The order will repeal the 2015 Net Neutrality rules.

3. Top artificial intelligence (AI) experts and policymakers from 14 institutions have published a report on the malicious uses of AI. The 100-page paper outlines digital, physical, and political dangers.

4. Intel reportedly failed to disclose Spectre and Meltdown flaws to US cybersecurity officials before the news leaked online. Both Apple and Alphabet, Google’s parent company, as well as Intel, have said as much in letters sent to US congressmen.

5. Airbnb has debuted a new service called “Airbnb Plus.” The premium offering, active in 13 cities globally, has been designed to compete with hotels, and includes amenity-filled places that are professionally inspected and photographed.

6. Snap’s stock slid over 6% after an analyst warned of negative reactions to the recent update. Also, Kylie Jenner’s tweets that suggested that she uses the app less after the update may have contributed to the stock’s fall.

7. Amazon is reportedly planning to open up to six new Amazon Go cashier-less stores this year. There is no clear indication about their location, but rumours say that they will most likely be in Seattle and Los Angeles.

8. Apple Pay has an estimated 38 million active users in the US and 127 million globally, up from 62 million a year ago. That, in turn, means that only about 16% of iPhone users worldwide use Apple Pay.

9. “Angry Birds” maker Rovio’s stock has fallen over 50% to about €5 (£4.4/$6.2), well below its original €11.50 (£10.20/$14.20) IPO price. The revenue guidance for 2018 has been weak, too, with a maximum of €300 million (£265/$370 million) in forecast opposed to the €336 million (£292/$414 million) predicted by analysts.

10. Intel is partnering with several companies to launch 5G-powered Windows 10 machines in 2019. Partner firms include Microsoft, Dell, Lenovo, and HP.

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NOW WATCH: How compression pants work and why they are so popular

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BARCLAYS: A merger with Dell would be an 'obvious negative' for VMware shareholders (VMW)

VMware CEO Pat Gelsinger

  • Analysts at Barclays said in a note Thursday that uncertainty over a potential reverse merger with Dell could lead to volatility in the price of VMware shares in the near term.
  • Barclays said that if the deal goes through it would be an “obvious negative” for VMware shareholders.
  • Still, Barclays retained its price target of $145, and wrote that VMware’s fundamental business is on the right track.

Analysts are starting to get cranky about the impact that Dell’s uncertain future is having on VMware’s value.

In a note published Thursday, Barclays analysts Raimo Lenschow, Mohit Gogia, and David Rainville said they have faith in the fundamentals of VMware’s business, but fear that uncertainty over whether or not a merger with Dell is imminent is creating wild swings in the stock price.

“The news has created significant volatility in the stock which may have driven some long-term fundamental investors away from VMW. Hence, we believe that these recent dynamics, added to the unorthodox VMware ownership structure could overshadow the strong fundamental momentum the business is seeing,” the analysts wrote.

VMware stock, which traded at an all-time high of $150 in late January, has already seen a negative impact in the last few weeks. Shares currently cost around $125, though Barclays maintained its price target of $145. 

Dell is considering a so-called “reverse merger” with the publicly-traded VMware, as a means of taking itself public without going through the usual IPO process.  Dell currently owns 82% of VMware stock, and 97% of its voting interest, thanks to the 2015 Dell/EMC merger. This structure means that Dell could theoretically perform such a merger at any time, should it choose to go that route. 

However, the uncertainty is accelerated by reports that Dell is also considering a more traditional IPO for itself, or just remaining a privately-owned company. All of these options are still on the table.

Should a VMware/Dell “reverse merger” go through, Barclays said that it would be an “obvious negative” for VMware shares in the near term. And in the meanwhile, uncertainty around the issue could cause some continued price volatility, analysts said. 

“VMware continues to be an attractive fundamental investment given its undemanding valuation, combined with its growth and margin profile,” the note reads. “We also like the company’s hybrid cloud positioning here with its partnership with [Amazon Web Services]. However, we accept that the recent news flow around Dell will create more volatility in the shares until we get more clarity.”

Analysts at Morgan Stanley issued a similar warning last week, calling a Dell/VMware merger a “worst case scenario” for shareholders. Morgan Stanley analyst Keith Weiss also maintained a price target of $143 for VMware in a note published Thursday. 

VMware is scheduled to report financial results for its fourth quarter and fiscal year 2018 on March 1. 

SEE ALSO: MORGAN STANLEY: A Dell and VMware merger is a ‘worst case scenario’ for shareholders

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NOW WATCH: A new discovery with gravitational waves has helped scientists fill in a gaping hole in the periodic table

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Conan package manager brings C and C++ to devops

Conan, a distributed, open source package and dependency manager, promises to bring C and C++ into devops.

The multiplatform package manager builds and shares native binaries. Conan’s ability to quickly create builds, port packages, and run them on different operating systems (Windows, Linux, MacOS, and FreeBSD) helps make C and C++ suitable for devops, said Harry Manley, a senior solutions engineer at JFrog, which sposors the Conan project.

C and C++ provide fragile builds, where it is difficult to re-create the build when moving from one system to another. Conan helps to overcome these limitations, Manley says. Developers specify dependencies on libraries, and Conan finds the libraries in a remote repository based on architecture, operating system, and platform and makes them available to a build, with build systems incuyding Visual Studio MSBuild and CMake.

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