Soccer app giving behind-the-scenes access to Messi and Beckham raises $64 million

Former England soccer captain David Beckham has joined forces with several other famous names including Barcelona forward Lionel Messi and the world’s most expensive player Neymar Jr to launch a new online content-sharing platform. OTRO is intended to be a digital fan club fueled by content created by the world’s leading soccer players. OTRO has been formed in partnership with sports investment firm 23 Capital and it’s reported around $64 million has been put into making the platform a success.


Former England soccer captain David Beckham has joined forces with several other famous names including Barcelona forward Lionel Messi and the world’s most expensive player Neymar Jr to launch a new online content-sharing platform. OTRO is intended to be a digital fan club fueled by content created by the world’s leading soccer players. OTRO has been formed in partnership with sports investment firm 23 Capital and it’s reported around $64 million has been put into making the platform a success.
Soccer app giving behind-the-scenes access to Messi and Beckham raises $64 million Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-07  Authors: adam reed, clive rose, getty images
Keywords: news, cnbc, companies, messi, worlds, giving, soccer, theres, launch, beckham, raises, including, world, platform, fans, 64, otro, app, behindthescenes, million, access, players


Soccer app giving behind-the-scenes access to Messi and Beckham raises $64 million

Former England soccer captain David Beckham has joined forces with several other famous names including Barcelona forward Lionel Messi and the world’s most expensive player Neymar Jr to launch a new online content-sharing platform.

OTRO is intended to be a digital fan club fueled by content created by the world’s leading soccer players. Its makers insists fans joining OTRO will be able to enjoy daily exclusive material, including original films and interviews, as well as live Q&As and challenges set by the players giving them the chance to win prizes, including meet and greets.

“Football fans all over the world want a deeper connection with their heroes and this is where OTRO comes in,” said its CEO Jeremy Dale at the official launch this week.

OTRO has been formed in partnership with sports investment firm 23 Capital and it’s reported around $64 million has been put into making the platform a success.

“There’s a lot of access to stars on the pitch, but once the game’s finished there’s very little engagement,” said Jason Traub, co-founder of 23 Capital to the company’s website. “Given the size of the market and the excitement surrounding these players, there’s a world of opportunity to unite them with their fans.”

Other players who’ll be part of the platform include; three-time Champions League winning coach Zinedine Zidane, Luis Suarez and Toni Duggan, who play for Barcelona’s men’s and women’s teams respectively.


Company: cnbc, Activity: cnbc, Date: 2018-12-07  Authors: adam reed, clive rose, getty images
Keywords: news, cnbc, companies, messi, worlds, giving, soccer, theres, launch, beckham, raises, including, world, platform, fans, 64, otro, app, behindthescenes, million, access, players


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Oil prices dip as stock markets slide, but trading tepid ahead of OPEC meeting

Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October. International Brent crude oil futures were down 7 cents, or 0.1 percent, at $61.49 per barrel. Traders said oil prices were being weighed down by weak global financial markets, which saw stock markets tumble on Thursday. Led by Saudi Arabia, OPEC


Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October. International Brent crude oil futures were down 7 cents, or 0.1 percent, at $61.49 per barrel. Traders said oil prices were being weighed down by weak global financial markets, which saw stock markets tumble on Thursday. Led by Saudi Arabia, OPEC
Oil prices dip as stock markets slide, but trading tepid ahead of OPEC meeting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-06
Keywords: news, cnbc, companies, supply, prices, markets, million, oil, stock, production, dip, producer, meeting, tepid, slide, opec, crude, trading


Oil prices dip as stock markets slide, but trading tepid ahead of OPEC meeting

Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.

U.S. West Texas Intermediate (WTI) crude futures were at $52.66 per barrel at 0140 GMT, down 23 cents, or 0.4 percent, from their last close.

International Brent crude oil futures were down 7 cents, or 0.1 percent, at $61.49 per barrel.

Traders said oil prices were being weighed down by weak global financial markets, which saw stock markets tumble on Thursday.

Since early October, crude oil has lost around 30 percent of its value amid surging supply and fears that an economic downturn will erode fuel demand.

The Organisation of the Petroleum Exporting Countries (OPEC) is meeting at its headquarters in Vienna, Austria, on Thursday to decide its production policy.

Led by Saudi Arabia, OPEC’s crude oil production has risen by 4.1 percent since mid-2018, to 33.31 million barrels per day (bpd).

Oil output from the world’s biggest producers – OPEC, Russia and the United States – has increased by a 3.3 million bpd since the end of 2017, to 56.38 million bpd, meeting almost 60 percent of global consumption.

The increase alone is equivalent to the output of major OPEC producer United Arab Emirates.

Russia, a major oil producer but not a member of OPEC, will meet with the producer cartel on Friday to discuss production levels, and it is widely expected that a supply cut will be agreed.

“Markets…believe the production cut deal will be in range of 1-1.3 million bpd,” ANZ bank said on Thursday.


Company: cnbc, Activity: cnbc, Date: 2018-12-06
Keywords: news, cnbc, companies, supply, prices, markets, million, oil, stock, production, dip, producer, meeting, tepid, slide, opec, crude, trading


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World food prices fall to lowest in more than two years in Nov

World food prices declined in November to their lowest level in more than two years, led down by much weaker vegetable oil, dairy and cereal prices, the United Nations food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 160.8 points last month, down from a revised 162.9 in October, reaching its lowest level since May 2016. The October figure was pre


World food prices declined in November to their lowest level in more than two years, led down by much weaker vegetable oil, dairy and cereal prices, the United Nations food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 160.8 points last month, down from a revised 162.9 in October, reaching its lowest level since May 2016. The October figure was pre
World food prices fall to lowest in more than two years in Nov Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: benjamin boshart, bloomberg, getty images
Keywords: news, cnbc, companies, million, fall, level, dairy, forecast, food, world, prices, previous, tonnes, nov, lowest


World food prices fall to lowest in more than two years in Nov

World food prices declined in November to their lowest level in more than two years, led down by much weaker vegetable oil, dairy and cereal prices, the United Nations food agency said on Thursday.

The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 160.8 points last month, down from a revised 162.9 in October, reaching its lowest level since May 2016.

The October figure was previously given as 163.5.

FAO said global cereals output in 2018/19 was seen at 2.595 billion tonnes, down marginally from the previous forecast and 2.4 percent below last year’s record high production.

FAO’s forecast for world wheat production in 2018/19 was 725.1 million tonnes, 2.8 million tonnes lower than the previous forecast.


Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: benjamin boshart, bloomberg, getty images
Keywords: news, cnbc, companies, million, fall, level, dairy, forecast, food, world, prices, previous, tonnes, nov, lowest


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Start-up that uses A.I. to detect phone fraudsters with ‘99.995%’ accuracy raises $90 million

Security start-up Pindrop has raised $90 million from investors including Vitruvian Partners and Goldman Sachs. The seven-year-old firm, which uses artificial intelligence (AI) technology to detect fraudulent phone calls, said Wednesday that it would use the latest funding to boost its European expansion plans. Atlanta, Georgia-based Pindrop uses machine-learning technology that is fed large amounts of data to learn the difference between a legitimate and fraudulent phone call. Currently, it ana


Security start-up Pindrop has raised $90 million from investors including Vitruvian Partners and Goldman Sachs. The seven-year-old firm, which uses artificial intelligence (AI) technology to detect fraudulent phone calls, said Wednesday that it would use the latest funding to boost its European expansion plans. Atlanta, Georgia-based Pindrop uses machine-learning technology that is fed large amounts of data to learn the difference between a legitimate and fraudulent phone call. Currently, it ana
Start-up that uses A.I. to detect phone fraudsters with ‘99.995%’ accuracy raises $90 million Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: ryan browne
Keywords: news, cnbc, companies, phone, accuracy, detect, 99995, startup, ai, officer, fraudulent, calls, technology, raises, investors, million, uses, pindrop, fraudsters, goldman


Start-up that uses A.I. to detect phone fraudsters with '99.995%' accuracy raises $90 million

Security start-up Pindrop has raised $90 million from investors including Vitruvian Partners and Goldman Sachs.

The seven-year-old firm, which uses artificial intelligence (AI) technology to detect fraudulent phone calls, said Wednesday that it would use the latest funding to boost its European expansion plans.

Vitruvian, a European private equity firm that has invested in the likes of Just Eat and Farfetch, led the funding round, while Goldman Sachs and Singapore’s corporate investment arm EDBI were among new investors that backed the deal.

The company is also backed by Google parent Alphabet, Citigroup and Silicon Valley venture capital stalwart Andreessen Horowitz.

Atlanta, Georgia-based Pindrop uses machine-learning technology that is fed large amounts of data to learn the difference between a legitimate and fraudulent phone call.

Pindrop says its tech can analyze 1,380 features of a voice from a phone call to help identify information such as the caller’s location and what type of phone they’re using, creating what it calls a “phoneprint.” Currently, it analyzes about 650 million calls a year, and expects that number to increase to 1.1 billion by the end of 2018.

Vijay Balasubramaniyan, Pindrop’s co-founder, chief executive officer and chief technology officer, said the firm’s accuracy when it comes to detecting fraudulent phone calls is around “99.995 percent,” adding that it has caught roughly $350 million worth of fraud attempts this year alone.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: ryan browne
Keywords: news, cnbc, companies, phone, accuracy, detect, 99995, startup, ai, officer, fraudulent, calls, technology, raises, investors, million, uses, pindrop, fraudsters, goldman


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Oil prices extend gains on expected OPEC-led supply cuts

Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output. International Brent crude oil futures were up 40 cents, or 0.7 percent, at $62.09 per barrel. It added that it expected a joint effort by OPEC and Russia to withhold supply to push Brent oil prices “above the mid-$60 per barrel level”. OPEC’s biggest problem is surging production in the United States, where output has grown by around 2 million b


Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output. International Brent crude oil futures were up 40 cents, or 0.7 percent, at $62.09 per barrel. It added that it expected a joint effort by OPEC and Russia to withhold supply to push Brent oil prices “above the mid-$60 per barrel level”. OPEC’s biggest problem is surging production in the United States, where output has grown by around 2 million b
Oil prices extend gains on expected OPEC-led supply cuts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: andrew burton, getty images
Keywords: news, cnbc, companies, opec, crude, extend, bank, united, million, cuts, gains, bpd, production, opecled, expected, output, supply, prices, oil, vienna


Oil prices extend gains on expected OPEC-led supply cuts

Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output.

The 90-day truce in the trade dispute between the United States and China was also still supporting markets, traders said.

U.S. West Texas Intermediate (WTI) crude futures were at $53.35 per barrel at 0137 GMT, up 40 cents, or 0.8 percent, from their last close.

International Brent crude oil futures were up 40 cents, or 0.7 percent, at $62.09 per barrel.

Both crude benchmarks climbed by around 4 percent the previous session after Washington and Beijing agreed a truce in their trade disputes and said they would negotiate for 90 days before taking any further action.

The Middle East dominated Organization of the Petroleum Exporting Countries (OPEC) will on Dec. 6 meet at its headquarters in Vienna, Austria, to agree a joint output policy.

It will also discuss policy with non-OPEC production giant Russia.

“We expect OPEC to follow suit and agree to a production cut in Vienna this coming Thursday,” U.S. bank Goldman Sachs said in a note to clients.

“A cut in OPEC and Russia production of 1.3 million barrels per day (bpd) will be required to reverse the ongoing counter-seasonally large increase in inventories,” the bank said.

It added that it expected a joint effort by OPEC and Russia to withhold supply to push Brent oil prices “above the mid-$60 per barrel level”.

Helping OPEC in its efforts to rein in emerging oversupply was an order on Sunday by the Canadian province of Alberta for producers to scale back output by 325,000 bpd until excess crude in storage is reduced.

OPEC’s biggest problem is surging production in the United States, where output has grown by around 2 million bpd in a year to more than 11.5 million bpd.

China in November resumed imports of U.S. crude oil, taking in one tanker at the end of last month, according to ship-tracking data, with another on order for delivery in January.

Britain’s Barclays bank pointed out that production in the state of Texas alone “reached 4.69 million bpd in September, compared with Iraqi output of 4.66 million by our estimates”.

Iraq is OPEC’s second-biggest oil producer, behind only Saudi Arabia.


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: andrew burton, getty images
Keywords: news, cnbc, companies, opec, crude, extend, bank, united, million, cuts, gains, bpd, production, opecled, expected, output, supply, prices, oil, vienna


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SAS earnings: Fourth-quarter pretax higher than expected

SAS CEO: Environment is an ‘existential issue’ for us 9 Hours Ago | 04:10Scandinavian airline SAS posted on Tuesday a bigger rise than expected in fiscal fourth-quarter pretax profit but warned of an increased loss in its current quarter due to higher fuel costs and more competition. Pretax profit for the August to October period was 809 million Swedish crowns ($90.1 million) against a year-ago 657 million and mean forecast of 729 million in a Reuters poll of analysts. The company said it expect


SAS CEO: Environment is an ‘existential issue’ for us 9 Hours Ago | 04:10Scandinavian airline SAS posted on Tuesday a bigger rise than expected in fiscal fourth-quarter pretax profit but warned of an increased loss in its current quarter due to higher fuel costs and more competition. Pretax profit for the August to October period was 809 million Swedish crowns ($90.1 million) against a year-ago 657 million and mean forecast of 729 million in a Reuters poll of analysts. The company said it expect
SAS earnings: Fourth-quarter pretax higher than expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: reuters with cnbccom
Keywords: news, cnbc, companies, fiscal, sas, expected, profit, company, warned, fourthquarter, work, yearago, higher, environment, ceo, earnings, pretax, million


SAS earnings: Fourth-quarter pretax higher than expected

SAS CEO: Environment is an ‘existential issue’ for us 9 Hours Ago | 04:10

Scandinavian airline SAS posted on Tuesday a bigger rise than expected in fiscal fourth-quarter pretax profit but warned of an increased loss in its current quarter due to higher fuel costs and more competition.

Pretax profit for the August to October period was 809 million Swedish crowns ($90.1 million) against a year-ago 657 million and mean forecast of 729 million in a Reuters poll of analysts.

The company said it expects to deliver a positive result before tax and nonrecurring items in its fiscal year 2018/19.

Rickard Gustafson, the CEO of Scandinavian Airlines, told CNBC’s “Squawk Box Europe” the company still has work to do to ensure it has a solid offering for customers and continues to increase efficiencies.

“We anticipate that it’s going to be a very, very competitive environment,” he said, adding that there’s the potential for price reductions in the short term.


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: reuters with cnbccom
Keywords: news, cnbc, companies, fiscal, sas, expected, profit, company, warned, fourthquarter, work, yearago, higher, environment, ceo, earnings, pretax, million


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A popular Q&A website says hackers stole information on 100 million users

Quora, the popular question-and-answer website, said Monday evening that hackers broke into one of its systems and compromised information from approximately 100 million users. CEO Adam D’Angelo said in a blog post the company discovered last week that a malicious third party had gained unauthorized access to one of its systems. Account information, including names, email addresses and encrypted passwords, may have been illegally accessed, according to the post. But the majority of the content t


Quora, the popular question-and-answer website, said Monday evening that hackers broke into one of its systems and compromised information from approximately 100 million users. CEO Adam D’Angelo said in a blog post the company discovered last week that a malicious third party had gained unauthorized access to one of its systems. Account information, including names, email addresses and encrypted passwords, may have been illegally accessed, according to the post. But the majority of the content t
A popular Q&A website says hackers stole information on 100 million users Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, accessed, qa, website, users, post, compromised, stole, information, wrotewere, week, data, dangelo, 100, popular, hackers, million


A popular Q&A website says hackers stole information on 100 million users

Quora, the popular question-and-answer website, said Monday evening that hackers broke into one of its systems and compromised information from approximately 100 million users.

CEO Adam D’Angelo said in a blog post the company discovered last week that a malicious third party had gained unauthorized access to one of its systems.

Account information, including names, email addresses and encrypted passwords, may have been illegally accessed, according to the post. User-imported data from other social networks could also have been taken.

But the majority of the content the hackers accessed was already public on the site — such as questions, answers, and comments, D’Angelo wrote.

“We’re in the process of notifying users whose data has been compromised,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, accessed, qa, website, users, post, compromised, stole, information, wrotewere, week, data, dangelo, 100, popular, hackers, million


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Ryan Toysreview: YouTube’s highest-earning star is seven years old

YouTube’s highest-earning star made $22 million in 12 months – and is only seven years old. According to a Forbes estimate published Monday, Ryan — the child star behind YouTube channel Ryan ToysReview — earned $22 million in the year to June 2018, and is one of the platform’s top “influencers” with 17.3 million followers. Ryan’s following has built up since the 2015 launch of his channel, which showcases videos of himself reviewing toys. He also has his own line of toys in Walmart and Target, F


YouTube’s highest-earning star made $22 million in 12 months – and is only seven years old. According to a Forbes estimate published Monday, Ryan — the child star behind YouTube channel Ryan ToysReview — earned $22 million in the year to June 2018, and is one of the platform’s top “influencers” with 17.3 million followers. Ryan’s following has built up since the 2015 launch of his channel, which showcases videos of himself reviewing toys. He also has his own line of toys in Walmart and Target, F
Ryan Toysreview: YouTube’s highest-earning star is seven years old Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: chloe taylor, eric piermont, afp, getty images
Keywords: news, cnbc, companies, watching, seven, star, ryan, forbes, old, channel, toysreview, toys, 22, youtube, highestearning, million, youtubes


Ryan Toysreview: YouTube's highest-earning star is seven years old

YouTube’s highest-earning star made $22 million in 12 months – and is only seven years old.

According to a Forbes estimate published Monday, Ryan — the child star behind YouTube channel Ryan ToysReview — earned $22 million in the year to June 2018, and is one of the platform’s top “influencers” with 17.3 million followers.

Ryan’s following has built up since the 2015 launch of his channel, which showcases videos of himself reviewing toys. He also has his own line of toys in Walmart and Target, Forbes reported.

In an interview with NBC News last month, Ryan said other children liked watching his channel because he was “entertaining and funny.”


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: chloe taylor, eric piermont, afp, getty images
Keywords: news, cnbc, companies, watching, seven, star, ryan, forbes, old, channel, toysreview, toys, 22, youtube, highestearning, million, youtubes


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Oil prices soar more than 4.5 percent after US, China suspend trade hostilities

Most of Alberta’s oil is exported to the United States. International Brent crude oil futures were up $2.8 per barrel, or 4.8 percent, at $62.30 a barrel. The trade war between the world’s two biggest economies has weighed heavily on global trade, sparking concerns of an economic slowdown. Russian oil output stood at 11.37 million bpd in November, down from a post-Soviet record of 11.41 million bpd it reached in October, Energy Ministry data showed on Sunday. Meanwhile, oil producers in the Unit


Most of Alberta’s oil is exported to the United States. International Brent crude oil futures were up $2.8 per barrel, or 4.8 percent, at $62.30 a barrel. The trade war between the world’s two biggest economies has weighed heavily on global trade, sparking concerns of an economic slowdown. Russian oil output stood at 11.37 million bpd in November, down from a post-Soviet record of 11.41 million bpd it reached in October, Energy Ministry data showed on Sunday. Meanwhile, oil producers in the Unit
Oil prices soar more than 4.5 percent after US, China suspend trade hostilities Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: spencer platt, getty images
Keywords: news, cnbc, companies, trade, suspend, million, bpd, china, soar, 45, oil, prices, crude, united, meeting, hostilities, states, tariffs


Oil prices soar more than 4.5 percent after US, China suspend trade hostilities

Oil prices surged on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut.

U.S. West Texas Intermediate (WTI) crude futures were at $53.63 per barrel at 0358 GMT, up $2.73 per barrel, or 5.4 percent from their last close.

U.S. crude prices were further pushed up by an announcement from Canada that Alberta province will force producers to cut output by 8.7 percent, or 325,000 barrels per day (bpd), to deal with a pipeline bottleneck that has led to crude building up in storage. Most of Alberta’s oil is exported to the United States.

Stephen Innes, head of trading for Asia/Pacific at futures brokerage Oanda in Singapore said Alberta’s decision was “an unprecedented step to ease a crisis in the Canadian energy industry.”

International Brent crude oil futures were up $2.8 per barrel, or 4.8 percent, at $62.30 a barrel.

China and the United States agreed during a weekend meeting in Argentina of the Group of 20 (G-20) leading economies not to impose additional trade tariffs for at least 90 days while the pair hold talks to resolve existing disputes.

The trade war between the world’s two biggest economies has weighed heavily on global trade, sparking concerns of an economic slowdown.

Crude oil has not been included in the list of hundreds of products each side has slapped with import tariffs, but traders said the positive sentiment of the truce was also driving crude markets.

“The agreement to keep talking for 90 days during which tariffs are paused is an upside surprise,” U.S. bank Morgan Stanley said in a note to clients on Monday. It added, though, that trade negotiations would be “bumpy”.

Overall, Morgan Stanley said it saw a “slight upside in our 2019 growth outlook” because of the renewed talks.

Looking ahead, oil traders will eye a meeting by the Organization of the Petroleum Exporting Countries (OPEC) on Dec. 6. At the meeting, the producer group, along with non-OPEC member Russia, is expected to announce cuts aimed at reining in a production overhang that has pulled down crude prices by around a third since October.

No official announcements regarding supply cuts have yet been made, but most analysts expect a reduction of 1 million-1.4 million bpd versus October levels, which were the highest by OPEC as a group since December 2016.

Russian oil output stood at 11.37 million bpd in November, down from a post-Soviet record of 11.41 million bpd it reached in October, Energy Ministry data showed on Sunday.

“Expectations are for coordinated cuts to reduce an oversupplied market and to realign with slower growth in demand,” said Fitch Solutions in a note on Monday.

Meanwhile, oil producers in the United States continue to churn out record amounts of oil, with crude output at an unprecedented level of more than 11.5 million bpd.

With drilling activity still high, most analysts expect U.S. oil production to rise further in 2019.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: spencer platt, getty images
Keywords: news, cnbc, companies, trade, suspend, million, bpd, china, soar, 45, oil, prices, crude, united, meeting, hostilities, states, tariffs


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Apple will launch new AirPods in 2019, sales expected to grow

Kuo, who has a track record for accurately predicting Apple product launches, said AirPods are Apple’s most popular accessory ever. In the note, Kuo said Apple AirPods have the fastest growth momentum of any Apple product. “Over 1 billion iPhone users worldwide offer great potential growth opportunities for AirPods,” Kuo said. “We believe that there is a greater likelihood of legacy iPhone users buying AirPods than upgrading to new iPhone models.” Apple’s stock has taken a large hit over the las


Kuo, who has a track record for accurately predicting Apple product launches, said AirPods are Apple’s most popular accessory ever. In the note, Kuo said Apple AirPods have the fastest growth momentum of any Apple product. “Over 1 billion iPhone users worldwide offer great potential growth opportunities for AirPods,” Kuo said. “We believe that there is a greater likelihood of legacy iPhone users buying AirPods than upgrading to new iPhone models.” Apple’s stock has taken a large hit over the las
Apple will launch new AirPods in 2019, sales expected to grow Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: todd haselton, getty images
Keywords: news, cnbc, companies, users, sales, wireless, 2019, growth, units, grow, iphone, airpods, million, launch, apple, expected, kuo


Apple will launch new AirPods in 2019, sales expected to grow

Apple’s wireless AirPods headphones could see massive growth over the next few years, TF International Securities analyst Ming-Chi Kuo wrote in a research note released last week. It’s a positive sign for Apple as it seeks new growth areas that can help the company squeeze more revenue out of each iPhone user.

Kuo, who has a track record for accurately predicting Apple product launches, said AirPods are Apple’s most popular accessory ever.

In the note, Kuo said Apple AirPods have the fastest growth momentum of any Apple product. Kuo estimates Apple will ship 26-28 million AirPod units this year, up from 14-16 million in 2017. Kuo also expects Apple to release a new version of AirPods next year with wireless charging that will help propel shipments to 50-55 million units next year, 70-80 million in 2020 and 100-110 million units in 2021.

Apple does not disclose how many accessories like AirPods and Apple Watches it sells, and lumps the revenue those products generate into its “Other Products” category.

“Over 1 billion iPhone users worldwide offer great potential growth opportunities for AirPods,” Kuo said. “We believe that there is a greater likelihood of legacy iPhone users buying AirPods than upgrading to new iPhone models.”

Apple’s stock has taken a large hit over the last month, following a slew of reports that iPhone sales are falling below expectations. Apple also said last month that it will no longer report unit sales for the iPhone, which rattled investors. The rout caused Apple to lose its position as the largest U.S. public company by market cap to Microsoft on Friday.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: todd haselton, getty images
Keywords: news, cnbc, companies, users, sales, wireless, 2019, growth, units, grow, iphone, airpods, million, launch, apple, expected, kuo


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