Apples iPhone X has been delayed because of two parts, dubbed Romeo and Juliet, which are used for facial recognitions. The iPhone X sports a feature which allows the phone to unlock when a user looks at the phones. According to the Wall Street Journal the two modules are creating an imbalance in supply and a bottleneck in the production of the new phones. The parts issue could explain why Apple will start taking orders next month before the its official launch in November, instead of releasing it earlier this month alongside its new iPhone 8 device.
On Wednesday, Ford announced it will integrate its autonomous cars with Lyft’s ride-hailing software. At first, human-driven cars from Ford will carry Lyft passengers. Then the automaker plans to connect its self-driving test cars to Lyft’s network. Ford’s autonomous cars will not carry passengers until they have been fully tested. The companies did not give specifics for when they two systems will be fully integrated. Ford says it expects the partnership to accelerate its self- driving car efforts which it would like to develop by 2021.
Asia: Asian indexes closed mixed on Thursday after a positive handoff from Wall Street.
Europe: European shares closed higher on Wednesday as a tax overhaul plan backed by President Donald Trump fueled a revival of the Trumpflation trade.
U.S: U.S. stocks closed higher on Wednesday after the GOP’s tax plan and framework was released. DJIA: +56.39 22,340.71 Nasdaq: +73.10 6453.26 S&P: +10.20 2507.04
Word of the Day:
The value of a bond at maturity, or any asset at a specified future valuation date, considering interest rates, the current value of the asset, and assuming a stable growth rate.
Drink or Drink:
1/2 oz. light rum
1/2 oz. Strega® herbal liqueur
1 tbsp. passion-fruit syrup
2 tsp lemon juice
1/2 oz. egg white
Combine all ingredients with 1/2 cup crushed ice in an electric blender and blend at a low speed for a short length of time. Pour into a champagne flute and serve.