Google unveiled several new gadgets on Tuesday as the company aims to assert itself in the market as a strong competitor to Apple and Samsung. Among the new gadgets the company’s long awaited entry into the smart phone market called Pixel. The new Pixel has among other features, a highly touted camera with unlimited storage and will run Google’s version of Apple Siri. During Tuesday’s event the company also unveiled Google Home, a Wi-Fi enabled, voice-controlled device that will use Google Assistant to play music or answer questions. Google also spent a lot of time introducing its Daydream View, a virtual reality headset. The Daydream View will be available in November priced at $79.
The International Monetary Fund (IMF) has downgraded their forecast for the U.S. economy this year and warns political discontent threatens global growth. On Tuesday, the fund cut its estimate for U.S. economic growth in 2016 to 1.6 percent down from 2.2 percent it had predicted in July.
On Wednesday, private payroll provider ADP released its monthly jobs report. According to the report the private sector created 155,000 jobs below analyst expectations of 166,000. Next stop, Friday’s NFP jobs report which tells us how many jobs the overall economy added.
Asia: Asian indexes closed mixed on Wednesday after comments from a Fed official had the dollar climbing.
Europe: European markets closed higher as investor place bets on the effects of a lower U.K currency.
U.S: Stocks fell on Tuesday, as investors become more nervous about the timing and the pace of any additional rate hikes. DJIA: -85.40 18,168.45 S&P: -10.71 2,150.49 NASDAQ: -11.22 5,289.66
Word of The Day:
The risk investors could lose their principal or financial reward when a borrower fails to repay a loan or otherwise meet a contractual obligation. Investors are compensated for assuming credit risk by higher interest payments from the borrower or issuer of a debt obligation.
Dinner or Drink:
The Italian Job
4 shots vodka
3 oz. Cointreau® orange liqueur
5 oz. pineapple juice
fill with blackcurrant squash
top with fresh cream
Whisk with a fork, until all mixed in. Add cream after mixing.