FourKites, a startup whose software helps shippers track their freight and spot possible delays, raised $35 million in its most recent funding round. The company will use the money to further develop its technology and to expand abroad.
Members of Congress are increasingly worried about software that can make high-quality fake videos that appear real to the viewer. Experts say the ability to produce convincing fake news using such software is a potentially dangerous development.
Small Giant Games, a Finnish mobile games studio, has raised $41 million in a funding round. The company's first game, Empires & Puzzles, generated $33 million in revenue in less than a year.
Dynamic Signal, a startup that helps businesses with employee communications and engagement, raised $36.5 million in a funding round that included investments from several large tech companies. Cisco Investments, Microsoft Ventures and Time Warner Investments joined the round.
More than half of US adults in a Northeastern University/Gallup survey said they doubted they would ever feel comfortable using self-driving cars regularly. The pollsters suggested respondents were underestimating their eventual willingness to embrace the technology.
Several economists are betting the Federal Reserve will raise interest rates four times this year, with up to three more hikes next year based on the recent federal government spending package. UBS economist Seth Carpenter, a former Fed and Treasury official, says while he doesn't forecast a recession, "we believe the risk is material and rising."
Technical analyst Jim Bianco, CMT, writes that the risk-on/risk-off trading environment, which assumes stocks and bonds do not decline simultaneously, might have ended and that inflation is due to return. Bianco cites a chart of market movement during the past 15 days that shows stocks and bonds are falling in unison in a manner not seen since the financial crisis and that suggests inflationary expectations are preoccupying investors.
Technical analyst Serge Berger writes that his chart reading predicted last week's rally on the Standard & Poor's 500 index but does not indicate further gain, and downward pressure looks likely in the near term. He points out that the rally narrowly failed to break through the support line or the 21-day moving average, which suggests weakening, and contends volatility that disrupted the market last month looks set to prevail.
American Express made a modest ascent in January, but chart indicators show the stock is set to decline, writes technical analyst Bruce Kamich, CMT. Falls for the moving average convergence divergence oscillator and the on-balance-volume line on AmEx's weekly chart suggest the stock could slip from $97 to test support at $85.