NYSE ramps up threats to leave over transaction tax

Elroy Mariano

Good Monday morning!

With an electronic financial transaction tax proposal gaining currency with the legislature and governor, the New York Stock Exchange is sending a message to New Jersey: It takes very little effort for them to up and leave.

The Wall Street Journal broke the news Friday that the NYSE, which has made the threat before, will run one of its exchanges from a backup site in Chicago for a week to demonstrate that its threat is serious. There’s an implication, not stated, that other exchanges with their servers in New Jersey would also leave if the proposal becomes law.

This brings up some questions I’d like some help figuring out. How much do these companies contribute to New Jersey’s economy and tax revenues? How many people does the NYSE employ at its Mahwah data center?

This is a question of leverage. To gauge the threat of their departure,

Read More

COVID-19: UV LED Technology Market- Roadmap for Recovery | Ban on Mercury-based Products to Boost the Market Growth

Elroy Mariano

Technavio has been monitoring the UV LED technology market and it is poised to grow by USD 1.27 bn during 2020-2024, progressing at a CAGR of over 28% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200910005484/en/

Technavio has announced its latest market research report titled Global UV LED Technology Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report

Read More

Our quantum internet breakthrough could help make hacking a thing of the past

Elroy Mariano

(MENAFN – The Conversation) The advent of mass working from home has made many people more aware of the security risks of sending sensitive information via the internet. The best we can do at the moment is make it difficult to intercept and hack your messages – but we can’t make it impossible.

What we need is a new type of internet: the quantum internet . In this version of the global network, data is secure, connections are private and your worries about information being intercepted are a thing of the past.

My colleagues and I have just made a breakthrough, published in Science Advances , that will make such a quantum internet possible by scaling up the concepts behind it using existing telecommunications infrastructure.

Our current way of protecting online data is to encrypt it using mathematical problems that are easy to solve if you have a digital ‘key’

Read More

New gadgets to expect later today

Elroy Mariano

Apple is set to announce new gadgets later today, but there are rumours the next-generation iPhone will be kept back until October.

the reflection of a building: Apple has a product showcase planned for later today

© Getty
Apple has a product showcase planned for later today

Here’s what to expect – and what not to expect.

Due to the coronavirus, the event is being held online – like Apple’s developer conference in June – and will broadcast at 6pm UK time later today (10am locally in California).

You’ll be able to follow along on the Sky News website and app.

An invite sent to media from Apple has confirmed the title of the event as “Time Flies” – potentially a reference to the new Apple Watch 6, which is among the devices expected to be announced.

a close up of a speaker: Tim Cook will reportedly not unveil new iPhones until October

© Getty
Tim Cook will reportedly not unveil new iPhones until October

Alongside that, the iPad Air 4 could be making an appearance, but there are

Read More