Month: June 2020

After deadly clash, India bans 59 Chinese mobile apps over ‘security’

India on Monday banned 59 Chinese mobile apps, including the wildly popular TikTok and WeChat, over national security and privacy concerns two weeks after a deadly Himalayan border clash between the nuclear-armed neighbours.

Relations between the world’s two most populous nations have been strained following the deaths of 20 Indian troops in hand-to-hand fighting with their Chinese counterparts on the western end of the high-altitude, contested border in mid-June.

The apps “are engaged in activities… prejudicial to sovereignty and integrity of India, defence of India, security of state and public order,” the Ministry of Information Technology said in a statement.

“The government of India has decided to disallow the usage of certain apps… This decision is a targeted move to ensure safety and sovereignty of Indian cyberspace.”

The statement said the move was taken after the ministry received several complaints alleging theft of users’ data and violations of user privacy.

Read More

‘It’s Really Hard To Parent From Behind Bars’

Brittany Jefferson says one of the hardest things about being incarcerated is not being around to help her children with their education. She tells them: “You only get one education, so you really need to be focusing hard if you want to do something successful in life.” (Photo: Illustration: Damon Dahlen/HuffPost; Photos: Christine Zuniga/Getty Images)
Brittany Jefferson says one of the hardest things about being incarcerated is not being around to help her children with their education. She tells them: “You only get one education, so you really need to be focusing hard if you want to do something successful in life.” (Photo: Illustration: Damon Dahlen/HuffPost; Photos: Christine Zuniga/Getty Images)

This story about children of incarcerated parents was produced as part of the series Critical Condition: The Students the Pandemic Hit Hardest, reported by HuffPost and The Hechinger Report, a nonprofit, independent news organization focused on inequality and innovation in education.

This winter, before the pandemic changed everything, Brittany Jefferson spent weekdays at a call center, putting in hours through a work release program as she neared the end of a four-year stint in prison. About once a week, after Brittany finished work, Christine Zuniga, her kids’ grandmother, would be waiting outside with

Read More

Make the Most of the Big Tech Rally With These ETFs

Investors seem to be mostly braving their fears over the second wave of coronavirus infections on the latest updates from the technological sector. With support from the major tech players, the Nasdaq Composite index rose to a fresh record on Jun 23.

Gaining for eight straight days (longest streak since December 2019) and marking the second straight all-time closing high, the tech-heavy index rose 0.7% in yesterday’s trading session along with Dow Jones Industrial Average rising 0.5% and S&P 500’s 0.4% increase. In the ETF arena, major Nasdaq ETF like Invesco QQQ (QQQ) hit a 52-week high in yesterday’s trading session. Meanwhile, popular technology ETFs like iShares U.S. Technology ETF (IYW) and Vanguard Information Technology ETF (VGT) soared to their 52-week high level.

Tech giant Apple AAPL led the rally with 2.1% gain to its all-time high level. It was the sixth time in June that the stock closed at

Read More

Microsoft Trading At All-Time High After V-Shaped Recovery

Microsoft Corp. (MSFT) performed admirably during the first quarter’s pandemic swoon, beating fiscal Q3 2020 consensus estimates with $1.40 earnings-per-share (EPS) on $35.02 billion in revenue. Outstanding performance in the Productivity, Business Processes, and Intelligent Cloud divisions underpinned an impressive 14.6% year-over-year revenue growth while the company boasted that COVID-19 had a minimal impact on the bottom line.

‘Mr. Softee’ could lose commercial product sales in coming quarters, despite the first quarter’s remarkable results, because U.S and European corporations are primed to slash information technology budgets to cope with historic revenue contraction, triggered by the pandemic. I.T. spending tends to follow natural economic cycles, increasing during periods of economic growth and shrinking when recessions and downturns depress free cash flow across a vast customer base. These headwinds could eventually undermine the company’s long-term bullish outlook.

Protest Impact And Initiatives

Microsoft is headquartered in Seattle, on the front line of protests

Read More