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Tesla to Unveil Model 3 on March 31

March 24, 20160

Apart from that there is very little known about this Model 3 to mention. Perhaps they’ve learned their lesson after Model S and Model X production delays.

The Model 3 release date will still be a ways off – No one (except maybe Musk) will be driving away from the event on March 31 with an actual Tesla Model 3.

By the looks of it the Model 3 will take on a similar design approach as showcased by the larger Model S, with muscular front wheel arches, a low-profile roofline, and a wide and sturdy stance.

Tesla is gearing up for what may be its biggest debut yet – an entry-level, mass-market electric vehicle known as the Model 3. In fact, you can tell a lot about what Tesla’s stock will do based on the news about the Model 3.

Tesla Motors Inc (NASDAQ:TSLA) has earned an average rating of “Hold” from the twenty-eight analysts that are now covering the firm, MarketBeat reports. Details on how to receive a ticket were sent out in a customer email. On Jul 20, 2015, the shares registered one year high at $286.65 and the one year low was seen on Feb 9, 2016. To that end, prioritizing current Tesla owners over new prospective buyers might seem like a backwards strategy. A drivable version at the event might indicate the company is further along than some investors thought. Instead, the automaker depends partly on media coverage by technology press and websites that publish automotive content. Along with this, Tesla gets attention through the Twitter activity of its CEO, Elon Musk, who has 3.6 million followers on his personal account.

“Model 3 reservations will open in Tesla stores on March 31 at 10am PST, as well as online immediately when the event (which will also be accessible via a live stream) begins”. For starters, Tesla understandably wants to reward current owners who are already champions of the brand and the company’s mission.

Finance

Red Hat Receives a Buy from Drexel Hamilton

March 22, 20160

Red Hat Enterprise Virtualization 3.6 now available

Zacks Investment Research downgraded Red Hat from a “buy” rating to a “hold” rating in a report on Tuesday, November 24th. Last quarter, Red Hat, Inc.

Other institutional investors have also recently bought and sold shares of the company. The Hedge Fund company now holds 100,000 shares of RHT which is valued at $7,409,000.

During the same quarter a year ago, Red Hat posted adjusted earnings of 43 cents per diluted share on revenue of $464 million.

The stock increased 1.88% or $1.37 on March 18, hitting $74.11. The stock was sold at an average price of $80.15, for a total transaction of $1,520,605.80. ProShare Advisors LLC’s holdings in Red Hat were worth $3,930,000 as of its most recent SEC filing. New Mexico Educational Retirement Board reduced its stake in RHT by selling 600 shares or 2.92% during the fourth quarter. The Hedge Fund company now holds 19,948 shares of RHT which is valued at $1,477,947.

Wall Street is expecting the Raleigh, NC-based software solutions company to report earnings of 47 cents per share on revenue of $537.2 million. Analyst had a consensus of $0.46. For the quarter ending Aug-16, 25 analysts have a mean sales target of 578.13 million whilst for the year ending Feb-16, 32 analysts have a mean target of 2,053.81 million. The company’s revenue was up 14.8% compared to the same quarter previous year. But it looks like Red Hat is rebounding firmly from the Software Sag of ’16 that battered many of Red Hat’s rivals and tech players in January through early February. RBC Capital increased their target price on shares of Red Hat from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, December 18th. With the constructive P/E value of Red Hat, Inc., the investors are able to forecast the positive earnings growth of the company.

The price-to-book ratio of 10.08 for Red Hat, Inc.

Trading above its 50-day moving average, Red Hat stock is still below its 200-day line near 75. The company has a market cap of $13,284 million and the number of outstanding shares have been calculated to be 182,625,150 shares. The companyÂ’s products include Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in physical, virtual, container, and cloud environments; Red Hat Enterprise Virtualization, which includes standalone virtualization functionality and management tools for server and desktop deployments; and Red Hat JBoss Middleware that offers middleware for developing, deploying, and managing applications, as well as integrating applications, data and devices, and automating business processes. The open source development model allows it to use the collective input resources and knowledge of a global community of contributors who can collaborate to develop maintain and enhance software because the human-readable source code for that software is publicly available and licenses permit modification. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,521 shares of the open-source software company’s stock valued at $4,763,000 after buying an additional 5,874 shares during the last quarter. The Company provides its software offerings primarily under annual or multi-year subscriptions as well as on-demand through cloud service providers.

Finance

Americans are suddenly taking global warming way more seriously

March 21, 20160

Americans Finally Realize That We Cause Climate Change

Finally, a new U.S. Gallup poll indicates that more people from the U.S. are concerned about global warming now than before.

“Climate change denial is simply no longer plausible, and the American people are recognizing that”.

A Gallup poll released this week shows an all-time high of 65 percent of Americans who said climate change was caused by human activities, up from 55 percent just past year.

For the latest survey, researchers asked a random sample of 1,019 adults (aged 18 and older) some questions via telephone. All of the respondents live in the US and, more specifically, in the District of Columbia.

A prominent climate scientist at Pennsylvania State University, Michael Mann, said that the increase of “overall warmth” being witnessed worldwide in recent years and an increasing number of natural disasters including floods, droughts or massive wildfires are main factors that influence public attitudes. Independents feeling the same about the issue recorded 64 percent.

Similarly, 38 percent of Republicans felt the increased temperatures of the Earth were due to human activities, up slightly from 34 in 2015, while 85 percent of Democrats agreed human intervention was the cause, climbing from 74 percent in 2015.

But is it really surprising that Americans have had a change of heart, in light of the past winter? The U.S. has experienced unusually warm temperatures this February, especially in the western part of the country. In the winter, the temperature was 2.1 degrees above the average in the 20th century.

As expected, the concerns over global warming split along political party lines, with 84 percent of Democrats saying they were anxious a “great deal” or a “fair amount” over the issue, and only 40 percent of Republicans agreeing.

Such findings are relevant in terms of tackling climate change in the future.

Sci-Tech

Amazon Confirms Plans For Air Cargo Network In Wilmington

March 14, 20160

Inc to Boost its Own Delivery Efforts The e-commerce giant has partnered with Air Transport to lease 20 Boeing 767 freighter aircraft

Confirming what local leaders had long suspected, Air Transport Services Group, Inc. said Wednesday it had reached agreements with Amazon Fulfillment Services Inc., an affiliate of Amazon.com Inc., to operate an air cargo network out of the Wilmington Air Park to serve Amazon customers in the United States.

ATSG’s Cargo Aircraft Management subsidiary will lease the 767s, which will be flown by the company’s subsidiary airlines-ABX Air, a Part 121 cargo airline, and charter carrier Air Transport International. The agreement sent shares of ATSG soaring 17% in trading Wednesday.

The duration of the 20 leases will be five to seven years; the agreement covering the operation of the aircraft will be for five years. “At our scale, supporting growth requires adding some of our own logistics capabilities”, said spokeswoman Kelly Cheeseman.

While Amazon presently depends on UPS, the U.S. Postal Service, and FedEx to fulfill orders, this latest move will allow the online retailer to really take matters into its own hands. The air transport company revealed that it has been using five aircraft as a pilot program with Amazon.

Many analysts see the deal as a move that will enable Amazon to assume greater control over its business and shipping costs. At the same time, Amazon has sometimes struggled to deliver packages on time during surges in sales, especially around the holidays.

In a related move, Amazon is to open two fulfillment centers near Manchester and Birmingham airports in the United Kingdom employing a total of 1,500 people.

A Wall Street Journal report explained that while it would likely take years for Amazon to establish its own delivery network, Amazon is a “major customer for both UPS and FedEx, helping drive volume growth at the delivery giants”. Head of French company La Poste said in a local newspaper last month: “Amazon is our biggest customer”. These cargo planes are quite efficient and are created to ensure smoother cargo handling while at the same time ensuring optimum load-hauling to bring down delivery cost. It is quite clear Amazon intends to significantly cut down the expenses involved in delivering the products it sells, and operating its own air delivery fleet is the fastest and cheapest way. Shipping costs is among one of the fastest growing expenses for the company, totaling about 12.5% of fourth quarter sales, compared to 10.9% a year ago

Global

Zuckerberg outlines his vision of merging social media with virtual reality

March 13, 20160

In a blog post the day before the Samsung event, Facebook announced that it will soon bring its 360 video streaming technology to the Samsung Gear VR headset.

Fellow smartphone giant HTC was also unveiling virtual reality technology with its new headset.

“VR is the next platform, where anyone can create and experience anything they want”, he said. “We believe in encryption, and we think that that’s an important tool that honestly people are going to find a way to get anyway”.

Facebook’s Internet.org initiative, which Free Basics was originally part of, has been bouncing other project ideas around, including the potential to beam internet connections down from drones using lasers. Be that as it may, Zuckerberg’s appearance may have overshadowed Samsung’s VR technology.

The hope is the work will lead the cheaper network infrastructure gear, so it will be more economical to expand Internet access to places where it’s too expensive at present, Zuckerberg said.

“We’re going to do our first trials at full scale a bit later this year”, said Zuckerberg, speaking at Mobile World Congressin Barcelona.

The men who were tapped to lead Facebook’s Social VR team are Daniel James, a game developer known for Puzzle Pirates, and Mike Booth, the creator of the popular Left 4 Dead franchise. “Imagine being able to sit in front of a campfire and hang out with friends anytime you want”, he said. While sharing some virtual reality statistics, Zuckerberg mentioned that more than 1 million hours of videos had already been watched on Gear VR headsets.

Facebook has reiterated its commitment to the long-term future of social virtual reality with the creation of a new “social VR team“.

Group meetings will be held at any destination around the world, at any time of choice.

“There are two real things that we are focused on with VR”, he said.

Sci-Tech