FAO Schwarz makes its return to New York. Here’s what its new store looks like inside

Iconic toy retailer FAO Schwarz is making its return to New York City after shutting its famed flagship store on Fifth Avenue in 2015, when the brand was still owned by Toys R Us. FAO Schwarz, meanwhile, has already embarked on expanding around the globe. And, of course, FAO Schwarz brought back its iconic keyboard on the floor. FAO Schwarz will also be selling its own branded items inside other retailers including Kohl’s and Hudson’s Bay this holiday season. Back at 30 Rock, FAO Schwarz will of


Iconic toy retailer FAO Schwarz is making its return to New York City after shutting its famed flagship store on Fifth Avenue in 2015, when the brand was still owned by Toys R Us. FAO Schwarz, meanwhile, has already embarked on expanding around the globe. And, of course, FAO Schwarz brought back its iconic keyboard on the floor. FAO Schwarz will also be selling its own branded items inside other retailers including Kohl’s and Hudson’s Bay this holiday season. Back at 30 Rock, FAO Schwarz will of
FAO Schwarz makes its return to New York. Here’s what its new store looks like inside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: lauren thomas, fao schwarz
Keywords: news, cnbc, companies, walls, store, experiential, heres, fao, inside, toys, threesixty, makes, toy, space, return, york, 30, looks, schwarz


FAO Schwarz makes its return to New York. Here's what its new store looks like inside

Iconic toy retailer FAO Schwarz is making its return to New York City after shutting its famed flagship store on Fifth Avenue in 2015, when the brand was still owned by Toys R Us.

Now under a new owner, FAO Schwarz will bring its plush stuffed animals and walk-on piano keyboard — featured in the 1988 movie “Big” with Tom Hanks — back to life, and just in time for the 2018 holiday season. The store opens Friday at 30 Rockefeller Plaza in Manhattan. FAO Schwarz, meanwhile, has already embarked on expanding around the globe.

The goal is to make the space “experiential” and one that can “deliver theater and can drive customers,” David Conn, CEO of FAO Schwarz’s parent company ThreeSixty Group, told CNBC last month.

Brands featured in the 20,000-square-foot 30 Rock store include two of those also owned by ThreeSixty — electronics from The Sharper Image and toys from Melissa & Doug. There are walls of Barbie dolls, a Build-A-Bear Workshop station, a racetrack for kids to play with cars, a space where a magician will teach tricks, a candy shop and so much more for visitors to do there, beyond shopping.

And, of course, FAO Schwarz brought back its iconic keyboard on the floor. (This time it’s also on the ceiling, in bright lights, to spark the curiosity of those walking by.) The massive clock tower is there too, along with a new centerpiece, a rocket ship.

Without Toys R Us now that it’s bankrupt, there is a huge share of the toy market left up for grabs, giving FAO Schwarz the chance to make a name for itself again. FAO Schwarz will also be selling its own branded items inside other retailers including Kohl’s and Hudson’s Bay this holiday season.

Back at 30 Rock, FAO Schwarz will offer everything from hot items like Hatchimals to the brands older generations of consumers grew up with, like Steiff teddy bears. Its goal is to be a store that customers remember and keep coming back to.

The experience is the key. It’s a strategy many retailers are employing to lure consumers out of their homes and into the stores — but it’s also part of FAO Schwarz’s heritage. The fun of going to the old store is a memory for many generations, but today’s shoppers may find many “Instagrammable” moments inside the walls of the new store

“We think this transcends even just toys,” Conn said. “We joke around … we were experiential before it was cool to be experiential.”


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: lauren thomas, fao schwarz
Keywords: news, cnbc, companies, walls, store, experiential, heres, fao, inside, toys, threesixty, makes, toy, space, return, york, 30, looks, schwarz


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Nvidia plummets after earnings — here’s how to trade the chips now

Shares of semiconductor manufacturer Nvidia plunged on Thursday after reporting quarterly earnings. After a 40 percent crash from Nvidia’s 2018 peak to its October low, TradingAnalysis.com founder and technical analyst Todd Gordon is bullish on the name. So I’m constructive on tech as well as chips in here,” Todd Gordon, founder of TradingAnalysis.com, said Thursday afternoon on CNBC’s “Trading Nation.” “I think the big, overarching theme was the concern around China and trade tariffs, and that


Shares of semiconductor manufacturer Nvidia plunged on Thursday after reporting quarterly earnings. After a 40 percent crash from Nvidia’s 2018 peak to its October low, TradingAnalysis.com founder and technical analyst Todd Gordon is bullish on the name. So I’m constructive on tech as well as chips in here,” Todd Gordon, founder of TradingAnalysis.com, said Thursday afternoon on CNBC’s “Trading Nation.” “I think the big, overarching theme was the concern around China and trade tariffs, and that
Nvidia plummets after earnings — here’s how to trade the chips now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: rebecca ungarino, rick wilking, samxmeg, getty images, chris ratcliffe, bloomberg, hazir reka, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, tradinganalysiscom, trade, trading, heres, space, earnings, semis, todd, chips, stock, technical, plummets, nvidia


Nvidia plummets after earnings — here's how to trade the chips now

Shares of semiconductor manufacturer Nvidia plunged on Thursday after reporting quarterly earnings. The company reported third-quarter revenue results that came in below analysts’ expectations, and its fourth-quarter revenue guidance also missed estimates.

After a 40 percent crash from Nvidia’s 2018 peak to its October low, TradingAnalysis.com founder and technical analyst Todd Gordon is bullish on the name. He said that from a technical perspective the stock is gaining strength.

“What I like about this and the overall space is we’re showing relative strength in the semis, which was a major source of NASDAQ weakness over the last few months. I like the move up. We’ve made a higher low, and we’re starting to see semis move back. I’m not involved in Nvidia, but I did buy AMD yesterday for my portfolio. So I’m constructive on tech as well as chips in here,” Todd Gordon, founder of TradingAnalysis.com, said Thursday afternoon on CNBC’s “Trading Nation.”

Nvidia shares are now up just 5 percent this year after several years of meteoric gains; the stock rose 224 percent in 2016 and 81 percent in 2017. More broadly, the trade war between the U.S. and China has rocked the semiconductor group this year given their exposure to China.

Gina Sanchez, CEO of Chantico Global, is wary of the name living up to expectations in several areas of its report.

“I think the big, overarching theme was the concern around China and trade tariffs, and that certainly weighs on the semis. But you also have this combination of oversupply of semi stocks, along with waning demand, and that’s not good. Nvidia’s bread and butter is gaming, so they have to show continued positive growth in the gaming space,” she said Thursday on “Trading Nation.”

Sanchez added: “Their up-and-comer has to be the cloud. They have to also really knock the lights out with the cloud,” and there’s some vulnerability for the stock if its earnings report does not reflect that.

Shares of Nvidia were trading nearly 4 percent higher on Thursday, around $204.43. Wall Street analysts are expecting earnings of $1.71 per share, according to FactSet data.


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: rebecca ungarino, rick wilking, samxmeg, getty images, chris ratcliffe, bloomberg, hazir reka, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, tradinganalysiscom, trade, trading, heres, space, earnings, semis, todd, chips, stock, technical, plummets, nvidia


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As Macy’s shrinks its stores, CEO Jeff Gennette says this is what he will do with the extra space

In rethinking its real estate, there are three ways Macy’s could fill the leftover space in its “neighborhood” stores, Gennette explained. Then, Macy’s will consider bringing its off-price concept, known as Macy’s Backstage — a competitor with the likes of TJ Maxx and Nordstrom Rack — to move into the space, Gennette said. Macy’s currently has 166 Backstage locations open across the U.S., and continues to add more. Last, Macy’s could use the extra space to fill online orders, like a mini-fulfill


In rethinking its real estate, there are three ways Macy’s could fill the leftover space in its “neighborhood” stores, Gennette explained. Then, Macy’s will consider bringing its off-price concept, known as Macy’s Backstage — a competitor with the likes of TJ Maxx and Nordstrom Rack — to move into the space, Gennette said. Macy’s currently has 166 Backstage locations open across the U.S., and continues to add more. Last, Macy’s could use the extra space to fill online orders, like a mini-fulfill
As Macy’s shrinks its stores, CEO Jeff Gennette says this is what he will do with the extra space Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: lauren thomas, getty images
Keywords: news, cnbc, companies, jeff, macys, gennette, look, backstage, stores, retailers, space, ceo, shrinks, extra, currently, locations, nordstrom


As Macy's shrinks its stores, CEO Jeff Gennette says this is what he will do with the extra space

Macy’s is testing smaller stores to save money, leaving it with room to bring in new concepts.

The company said it’s picked four of its existing stores to test as “neighborhood” locations, where it will cut as much as a fifth of square footage, thereby trimming excess inventory and staffing. CEO Jeff Gennette said Wednesday during a call with analysts that Macy’s will look in 2019 to see what format works best before deciding what it will roll out to other stores across the U.S.

“We want to create a vibrant destination,” Gennette told CNBC Wednesday after Macy’s reported better-than-expected quarterly earnings. “When you look at what the customer needs, it’s more about fulfillment and convenience. You need less space in order to do that.”

Despite the earnings beat and an increased forecast, Macy’s shares fell nearly 6 percent Wednesday. The stock is up about 35 percent so far this year.

In rethinking its real estate, there are three ways Macy’s could fill the leftover space in its “neighborhood” stores, Gennette explained.

One way is by partnering with other retailers. Macy’s already has brought Starbucks and Sunglass Hut into its stores, for example. Gennette said it will continue to look at food-and-beverage concepts and other retailers that don’t cannibalize what Macy’s is currently selling. This mimics a similar initiative taken by Kohl’s, which is dividing some of its bigger stores to make space for retailers such as Aldi.

The CEO added that other retailers could include those currently trying out Macy’s recently launched pop-up marketplaces, which are in a handful of cities today. “You could turn that [excess space] over to a suite of retailers,” he said.

Then, Macy’s will consider bringing its off-price concept, known as Macy’s Backstage — a competitor with the likes of TJ Maxx and Nordstrom Rack — to move into the space, Gennette said. The company has said its full-price locations with Backstage shops inside them are helping lift sales. Macy’s currently has 166 Backstage locations open across the U.S., and continues to add more.

Last, Macy’s could use the extra space to fill online orders, like a mini-fulfillment center, according to Gennette. He said one location in a market could be used to reach surrounding homes, and even other Macy’s stores. Nordstrom, similarly, is trying a small-shop concept known as Nordstrom Local in Los Angeles, where it can pull inventory from other surrounding shops and serve as a hub for online orders.

“We will test and iterate until we land on the right formula to scale,” Gennette told analysts Wednesday.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: lauren thomas, getty images
Keywords: news, cnbc, companies, jeff, macys, gennette, look, backstage, stores, retailers, space, ceo, shrinks, extra, currently, locations, nordstrom


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Macy’s is testing smaller stores to save money

Macy’s is testing smaller stores to slash expenses on staffing and inventory, according to a report by The Wall Street Journal. Not needing so many locations — and with some being unprofitable — Macy’s in early 2017 shut 100 stores as it’s been working to whittle down its real estate. Macy’s had roughly 690 locations, including those under the Bloomingdale’s banner, still open as of the latest quarter. Macy’s “neighborhood stores” will reportedly have more self-service options and an area dedica


Macy’s is testing smaller stores to slash expenses on staffing and inventory, according to a report by The Wall Street Journal. Not needing so many locations — and with some being unprofitable — Macy’s in early 2017 shut 100 stores as it’s been working to whittle down its real estate. Macy’s had roughly 690 locations, including those under the Bloomingdale’s banner, still open as of the latest quarter. Macy’s “neighborhood stores” will reportedly have more self-service options and an area dedica
Macy’s is testing smaller stores to save money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: lauren thomas, getty images
Keywords: news, cnbc, companies, nordstrom, save, estate, macys, space, testing, locations, stores, including, money, working, store, real, smaller


Macy's is testing smaller stores to save money

Macy’s is testing smaller stores to slash expenses on staffing and inventory, according to a report by The Wall Street Journal.

The department store chain currently is trying the idea at four locations, including at Stamford Town Center in Connecticut, to cut its real estate by as much as a fifth there and turn those shops into “neighborhood stores.” It mimics similar initiatives already taken by rivals Kohl’s and Nordstrom. Kohl’s is dividing some of its bigger stores to allow room for new tenants like grocer Aldi, while Nordstrom is trying a small-shop concept known as Nordstrom Local in Los Angeles. Even mall operators like Macerich are looking at store space in a new way, rolling out stores that showcase a number of brands for a short period.

“If your store is too big and your dollars per square feet are too low and you can’t lease the space to someone else, then you’ve got to hive off a floor,” Macy’s CEO Jeff Gennette told the Journal in an interview. “If we were building stores today, we’d build them smaller.”

Not needing so many locations — and with some being unprofitable — Macy’s in early 2017 shut 100 stores as it’s been working to whittle down its real estate. It’s also been working with Brookfield Asset Management to allow the real estate firm to redevelop all or part of 50 select properties. Macy’s had roughly 690 locations, including those under the Bloomingdale’s banner, still open as of the latest quarter.

Macy’s “neighborhood stores” will reportedly have more self-service options and an area dedicated to picking up online orders. It’s unclear what Macy’s will do with the space leftover after the store shrinks in size. A spokeswoman didn’t immediately respond to CNBC’s request for comment.

Macy’s, meanwhile, has set aside about 350 of its more productive stores to get a facelift, including expanded merchandise, remodeled dressing rooms, Starbucks coffee shops, couches for lounging and more, Gennette told the Journal. He said sales at these newly renovated “magnet stores” are surpassing expectations already.

Macy’s is set to report fiscal third-quarter earnings before the bell on Wednesday, when it is planning to discuss its real estate strategy in greater detail.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: lauren thomas, getty images
Keywords: news, cnbc, companies, nordstrom, save, estate, macys, space, testing, locations, stores, including, money, working, store, real, smaller


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One part store, one part lab: Mall owner debuts Brandbox, a new way to fill vacant space

Macerich this weekend is launching a concept known as “Brandbox” at Tysons Corner Center just outside Washington, D.C., one of the most valuable shopping malls in the U.S. Each brand will have its own mini store inside a roughly 11,000-square-foot space, with new retailers funneling in and out each year. Macerich plans to take Brandbox to its malls in Santa Monica, California, Philadelphia and Scottsdale, Arizona, next. It also says it envisions adding multiple Brandbox locations inside some sho


Macerich this weekend is launching a concept known as “Brandbox” at Tysons Corner Center just outside Washington, D.C., one of the most valuable shopping malls in the U.S. Each brand will have its own mini store inside a roughly 11,000-square-foot space, with new retailers funneling in and out each year. Macerich plans to take Brandbox to its malls in Santa Monica, California, Philadelphia and Scottsdale, Arizona, next. It also says it envisions adding multiple Brandbox locations inside some sho
One part store, one part lab: Mall owner debuts Brandbox, a new way to fill vacant space Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: lauren thomas
Keywords: news, cnbc, companies, brand, malls, lab, space, mall, debuts, brandbox, store, concept, shopping, owner, brands, way, retailers, vacant


One part store, one part lab: Mall owner debuts Brandbox, a new way to fill vacant space

One of the biggest mall owners in the U.S. has come up with a way to fill empty storefronts, and it’s offering young brands plenty of perks to move in.

Macerich this weekend is launching a concept known as “Brandbox” at Tysons Corner Center just outside Washington, D.C., one of the most valuable shopping malls in the U.S. There, it will house six brands, including apparel retailer Naadam and makeup company Winky Lux, to start, for a period of six to 12 months. Each brand will have its own mini store inside a roughly 11,000-square-foot space, with new retailers funneling in and out each year. The mall owner says it will provide fixtures like shelving, data on foot traffic, RFID tagging for inventory, marketing and even help finding staffing — the retailers simply need to show up and pay rent.

The rollout of Brandbox comes as more than 140 million square feet of retail space has been shuttered across the U.S. in malls and shopping centers already this year, according to real estate research group CoStar. That’s easily more than the 105 million square feet of space that closed in 2017. Closures by Sears and Toys R Us are leaving a blank canvas at many malls for new uses like these so-called pint-sized and modern-day department stores.

Macerich plans to take Brandbox to its malls in Santa Monica, California, Philadelphia and Scottsdale, Arizona, next.

The idea could eventually end up, in some form or fashion, at all of its malls across the U.S. It also says it envisions adding multiple Brandbox locations inside some shopping centers, where there’s more demand for shopping smaller retailers over department stores.

“I think what we’re learning as an industry is that we need to have modular space that can be reconfigured,” Macerich Chief Digital Officer Kevin McKenzie told CNBC. The physical walls within each Brandbox will be movable, he said. Sometimes two companies might fill the space, sometimes seven.

DKNY, an already established fashion brand, will also be inside Brandbox at Tysons Corner Center at launch to test a new concept. McKenzie said the space can be a way for even traditional retailers to try out a new market before investing in establishing a permanent presence there.

The space also can help retailers born online come to life. This is a key goal, according to McKenzie, who said it is not only about how to fill empty space at the mall left behind from Claire’s, Gap and others closing stores.

“These companies don’t have the real estate groups like Lululemon has, Tesla has or Apple has,” he said. “Traditionally you get a broker, a store designer and a lawyer. You figure out what technology you want to put in. There’s a lot of things that can go wrong that these companies can’t afford.”

Brands are appreciative of the real estate and the perks.

“We view Brandbox as a safe environment to test our brand in a mall environment,” said Matt Scanlan, the co-founder and CEO of Naadam, which will be in Tysons Corner Center. The technology Macerich is offering is a “major perk,” he said. “They have set us up with retail technologies and subscription software that are normally inefficient to install for a pop-up but can be transformative in terms of learnings.”

In addition to what Macerich is doing, there are plenty other examples of this trend popping up across the country.

A concept called “The Gathering Shops” opened earlier this month at Westfield Garden State Plaza in New Jersey, the largest mall in the state. There, it houses about 15 brands — many of them local to the area and just starting to raise awareness — within a 4,800-square-foot space at the mall. Similar to Macerich, The Gathering Shops is offering point-of-sale systems, staff, security and marketing to the tenants in the space, which are expected to rotate every few months.

A company called Fourpost just opened spaces for brands at Mall of America in Minnesota and West Edmonton Mall in Alberta, Canada — both of which are run by Triple Five Group.

Fourpost founder Mark Ghermezian said he plans to roll out a handful of additional locations in 2019. Similar to The Gathering Shops, Fourpost will offer its tenants fixtures, Wi-Fi and point-of-sale hardware to make the move from the web to bricks-and-mortar retail as painless as possible. Fourpost’s investors include Warby Parker co-founder Dave Gilboa and Parachute founder Ariel Kaye, putting the concept in good hands with already well-established e-commerce brands.

“This is disrupting the department store model,” Ghermezian said. “I want it to be like you are walking through story by story, getting that individual experience on a per-brand basis.”

Another company that bills itself as “a new type of department store” — Neighborhood Goods — opens in a shopping center in Plano, Texas this month. At launch, the space will include born-online sneaker brand Stadium Goods, Walmart’s new bedding brand Allswell and men’s wellness brand Hims.

“We want to encourage these brands to be playful, somewhere they haven’t opened yet, where they don’t have so many pressures on the economics side,” Neighborhood Goods founder Matt Alexander said.

Macerich is uniquely the first major mall operator to announce plans to roll out a concept like this at a large scale, and one that’s been incubated from within the company. Rival Simon has been testing a rotating pop-up exhibit called “The Edit” at Roosevelt Field mall in New York, but has yet to open other locations.


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: lauren thomas
Keywords: news, cnbc, companies, brand, malls, lab, space, mall, debuts, brandbox, store, concept, shopping, owner, brands, way, retailers, vacant


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Space unicorn Rocket Lab reaches orbit again in key first commercial launch

“Perfect flight,” Rocket Lab CEO Peter Beck said in a tweet after the launch. The launch keeps Rocket Lab – valued at more than $1.2 billion and based in New Zealand and California – at the front of the pack in the small rocket race. But Rocket Lab has another launch scheduled for December, as well as 16 launches planned for 2019. Rocket Lab aims to be launching at a weekly rate in 2020. Rocket Lab sees greater-than-expected growth coming to the small satellite industry, as the company’s Electro


“Perfect flight,” Rocket Lab CEO Peter Beck said in a tweet after the launch. The launch keeps Rocket Lab – valued at more than $1.2 billion and based in New Zealand and California – at the front of the pack in the small rocket race. But Rocket Lab has another launch scheduled for December, as well as 16 launches planned for 2019. Rocket Lab aims to be launching at a weekly rate in 2020. Rocket Lab sees greater-than-expected growth coming to the small satellite industry, as the company’s Electro
Space unicorn Rocket Lab reaches orbit again in key first commercial launch Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-11  Authors: michael sheetz
Keywords: news, cnbc, companies, commercial, rocket, small, zealand, launch, key, industry, unicorn, company, orbit, spacecraft, space, lab, reaches, beck


Space unicorn Rocket Lab reaches orbit again in key first commercial launch

This small-rocket unicorn wants to be the FedEx of space 6:01 PM ET Sat, 10 Nov 2018 | 04:32

Rocket Lab put seven spacecraft in orbit on Saturday with its first commercial launch, as the company grew its lead in the burgeoning small rocket industry.

Delayed from this past spring, the “It’s Business Time” launch marks the beginning of Rocket Lab’s acceleration toward launching at a weekly rate. The rocket builder reached orbit for the first time in January with its final test launch but saw this commercial attempt delayed due to a “motor control” issue with the rocket.

“Perfect flight,” Rocket Lab CEO Peter Beck said in a tweet after the launch. “Orbital accuracy was exquisite.”

Rocket Lab is building small rockets priced at about $5.7 million a launch. The company’s Electron rocket is designed to launch spacecraft up to the size of a refrigerator, especially for the premium small satellite part of the rocket market. Small rockets like Electron can save customers months of time getting to orbit but come at a higher cost compared to flying as a “rideshare” on a larger rocket like the SpaceX Falcon 9.

“It’s Business Time” launched six satellites for Spire, Tyvak, Fleet and the Irvine CubeSat STEM program. The launch also included a spacecraft built by HPS GmbH to demonstrate a new technology to reduce space debris.

The launch keeps Rocket Lab – valued at more than $1.2 billion and based in New Zealand and California – at the front of the pack in the small rocket race. Beck estimates there are over 100 companies trying to catch up. But Rocket Lab has another launch scheduled for December, as well as 16 launches planned for 2019.

Rocket Lab has a backlog of launches for the next 18 months, Beck said, which is “around a $3 billion pipeline.” The factories in New Zealand and California “have been specifically designed to produce one rocket a week,” Beck said. Rocket Lab aims to be launching at a weekly rate in 2020.

“Next year we’re starting off at one a month, trying to move to one every two weeks,” Beck said.

Beck says the company took the time to look at the motor control issue from spring and fixed it, while continuing to build Rocket Lab’s infrastructure. This year the rocket company brought on Adam Spice as chief financial officer from the semiconductor industry, opened a new mass production facility in New Zealand and announced it will build a U.S. launchpad in Virginia.

“Happy to delay a launch for a few months to solidify and strengthen the company,” Beck told CNBC.

Beck estimated Rocket Lab will soon be profitable, saying when the company completes “these couple of launches by the end of this year we’ll be cash flow neutral.”

Rocket Lab sees greater-than-expected growth coming to the small satellite industry, as the company’s Electron rocket begins to meet demand. Beck believes his side of the industry is set to unlock a flurry of technologies as more and more satellites are launched.

“The small rocket industry is the enablers to the small spacecraft industry and then in turn the small spacecraft industry are really enablers to a whole lot of new technologies, a whole lot of new services to us down on Earth,” Beck said.


Company: cnbc, Activity: cnbc, Date: 2018-11-11  Authors: michael sheetz
Keywords: news, cnbc, companies, commercial, rocket, small, zealand, launch, key, industry, unicorn, company, orbit, spacecraft, space, lab, reaches, beck


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Quanttus: Blood pressure startup alumns at Apple, Amazon, Verily, Nike

Many of these companies now have blood pressure projects of their own. Verily, Microsoft, Apple and Samsung all have teams working on the problem, and have been dabbling in the blood pressure space for years, according to multiple sources familiar with their internal projects. “Sensor technology is advancing quickly,” said Jack Ahn, vice president of Samsung health strategy and R&D, in an interview. “We are paying attention and we want to bring that capability (continuous blood pressure monitori


Many of these companies now have blood pressure projects of their own. Verily, Microsoft, Apple and Samsung all have teams working on the problem, and have been dabbling in the blood pressure space for years, according to multiple sources familiar with their internal projects. “Sensor technology is advancing quickly,” said Jack Ahn, vice president of Samsung health strategy and R&D, in an interview. “We are paying attention and we want to bring that capability (continuous blood pressure monitori
Quanttus: Blood pressure startup alumns at Apple, Amazon, Verily, Nike Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-10  Authors: christina farr, david he
Keywords: news, cnbc, companies, apple, space, quanttus, amazon, pressure, verily, blood, samsung, health, went, nike, tech, startup, alumns, microsoft


Quanttus: Blood pressure startup alumns at Apple, Amazon, Verily, Nike

Notable alumns include co-founder David He, an MIT researcher who went on to become the technical lead at Alphabet’s health tech group, Verily, bringing at least three top engineers with him. His labmate on the academic project, Eric Winokur, did not join Quanttus but went on to join Apple as an engineer behind the original Apple Watch heart rate monitor.

Then there’s Yoky Matsouka, a short-lived former Quanttus CEO, who went on to the Apple health team in 2016 before joining Alphabet’s home-automation division, Nest, as its Chief Technology Officer the following year. Jordan Rice, who managed hardware at Quanttus and ran the team behind the watch, is now a senior hardware leader at Nike. Maulik Majmudar, the resident cardiologist who helped lead Quanttus clinical studies, went to Amazon in August for a new health-tech bet. Euan Thompson, a board member and interim CEO, went on to become the head of digital health at Samsung and is now at Johnson & Johnson. Other alumns joined Facebook, Microsoft, Fitbit, AthenaHealth and the Chan Zuckerberg Initiative. The list goes on and on.

Many of these companies now have blood pressure projects of their own.

Verily, Microsoft, Apple and Samsung all have teams working on the problem, and have been dabbling in the blood pressure space for years, according to multiple sources familiar with their internal projects. (Verily and Apple declined comment. Microsoft did not return a request for comment.) Apple, Microsoft and Samsung have all applied for one or more patents in the space, too.

Samsung has been the most public about its efforts, as it has a blood pressure-related partnership with UC San Francisco. “Sensor technology is advancing quickly,” said Jack Ahn, vice president of Samsung health strategy and R&D, in an interview. “We are paying attention and we want to bring that capability (continuous blood pressure monitoring) to the wearable.”

The first to crack it will be richly rewarded. A May 2017 report from Grand View Research puts the market for blood pressure monitoring at nearly $12 billion by 2025. Other investors in the space say it’s more like $40 billion, if you include all the potential applications for more continuous monitoring with a wearable.

If these tech giants succeed, Quanttus may turn out be the most influential failed tech company since General Magic, which anticipated the mobile revolution in the early 1990s and boasts alumns like Android co-creator Andy Rubin, iPod creator and Nest co-founder Tony Fadell and eBay founder Pierre Omidyar.

To learn more about Quanttus and its tantalizing brush with success, CNBC spoke to nine former Quanttus employees and boardmembers, some on the condition of anonymity as they are not authorized by their current employer to talk to press.

They shared new insight into the company’s wild history, including high-level talks with Fitbit to buy the company shortly after its IPO in mid-2015. Others spoke about secretive meetings with Apple, Fitbit and Samsung to discuss potential collaborations, investments, and other opportunities, which gave employees a reason to believe that they were onto something big.


Company: cnbc, Activity: cnbc, Date: 2018-11-10  Authors: christina farr, david he
Keywords: news, cnbc, companies, apple, space, quanttus, amazon, pressure, verily, blood, samsung, health, went, nike, tech, startup, alumns, microsoft


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Google reportedly plans to significantly expand its New York City presence

Tech giant Google is planning to expand its office space in New York City, potentially allowing the company to significantly increase staffing in the city, according to a report from The Wall Street Journal. The WSJ said that Google declined to comment on any talks about the St. John’s Terminal property. Additionally, Google is also planning to expand its existing property at Chelsea Market by about 300,000 square feet, the Journal reported. That, along with its announced plans for 250,000 squar


Tech giant Google is planning to expand its office space in New York City, potentially allowing the company to significantly increase staffing in the city, according to a report from The Wall Street Journal. The WSJ said that Google declined to comment on any talks about the St. John’s Terminal property. Additionally, Google is also planning to expand its existing property at Chelsea Market by about 300,000 square feet, the Journal reported. That, along with its announced plans for 250,000 squar
Google reportedly plans to significantly expand its New York City presence Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: saheli roy choudhury, bryan r smith, afp, getty images
Keywords: news, cnbc, companies, reportedly, wall, tech, york, street, office, expand, space, significantly, city, presence, st, plans, terminal, google


Google reportedly plans to significantly expand its New York City presence

Tech giant Google is planning to expand its office space in New York City, potentially allowing the company to significantly increase staffing in the city, according to a report from The Wall Street Journal.

People familiar with the matter told the Journal that Google is nearing a deal to buy or lease a planned 1.3 million-square-foot office building at St. John’s Terminal in Manhattan’s West Village neighborhood. When completed, that building would give the Alphabet unit space for more than 8,500 staff.

Google did not immediately respond to CNBC’s emailed request for comment.

The WSJ said that Google declined to comment on any talks about the St. John’s Terminal property.

Additionally, Google is also planning to expand its existing property at Chelsea Market by about 300,000 square feet, the Journal reported. That, along with its announced plans for 250,000 square feet of office space at Pier 57, could provide sufficient office space for more than 3,500 additional workers, the newspaper said.

The tech giant bought the Chelsea Market property earlier this year for about $2.4 billion.

Read The Wall Street Journal’s full report on Google expanding its office space in New York City here.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: saheli roy choudhury, bryan r smith, afp, getty images
Keywords: news, cnbc, companies, reportedly, wall, tech, york, street, office, expand, space, significantly, city, presence, st, plans, terminal, google


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Forget financials, payment stocks could be a way to play the space

Mark Newton, president of Newton Advisors, is long-term bullish on financials but sees recent weakness as a reason for caution. “I still believe that financials are trending higher, but we’re really within a downtrend that began at the beginning of the year. Newton says avoiding regional brokers and other sector stocks that have been badly beaten and finding financials-adjacent picks in the tech space could be a sensible move. “Visa is my pick in terms of within the whole financial space. Howeve


Mark Newton, president of Newton Advisors, is long-term bullish on financials but sees recent weakness as a reason for caution. “I still believe that financials are trending higher, but we’re really within a downtrend that began at the beginning of the year. Newton says avoiding regional brokers and other sector stocks that have been badly beaten and finding financials-adjacent picks in the tech space could be a sensible move. “Visa is my pick in terms of within the whole financial space. Howeve
Forget financials, payment stocks could be a way to play the space Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: keris lahiff, stephen desaulniers, drew angerer, getty images, norm betts, bloomberg, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, banks, financials, sector, stocks, forget, payment, space, mastercard, higher, think, susquehanna, way, play, newton, trading, visa


Forget financials, payment stocks could be a way to play the space

Banks are stuck in a correction, but one name in the group could charge higher 3:55 PM ET Wed, 7 Nov 2018 | 03:31

Financials are lagging the market after falling nearly 10 percent from highs, while banks have tumbled 14 percent.

Mark Newton, president of Newton Advisors, is long-term bullish on financials but sees recent weakness as a reason for caution.

“I still believe that financials are trending higher, but we’re really within a downtrend that began at the beginning of the year. So unfortunately even with rates moving higher the group has been under a lot of pressure, and you’ve really had to be a lot more selective,” Newton said on CNBC’s “Trading Nation” on Wednesday.

Newton says avoiding regional brokers and other sector stocks that have been badly beaten and finding financials-adjacent picks in the tech space could be a sensible move.

“Visa is my pick in terms of within the whole financial space. Visa and Mastercard both look very attractive. I think those continue to do well,” he said.

Visa and Mastercard have both rallied this year. Visa is up 27 percent this year, and Mastercard has added 37 percent, while the XLK technology ETF to which they both belong has added 11 percent. The XLF financials ETF has dropped 2 percent.

Stacey Gilbert, head of derivative strategy at Susquehanna, says she is not a buyer of the financials sector given the headwinds that are anathema to banks: weak loan growth and a flattening yield spread.

However, she does have one financials pick that she believes could weather any troubles facing the sector.

“It would be KeyCorp,” Gilbert said on “Trading Nation” on Wednesday. “Relative to peers, it does have loan growth, and that’s one of the things that we think is obviously incredibly important for a bank. So, sector as a whole? No, we wouldn’t own it. Is there a name that if you have to own it that we’d focus on? It would be Key.”

Gilbert’s Susquehanna colleague Jack Micenko has a buy rating on KeyCorp and a price target of $25, implying 33 percent upside from current levels. The stock is down 7 percent this year.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: keris lahiff, stephen desaulniers, drew angerer, getty images, norm betts, bloomberg, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, banks, financials, sector, stocks, forget, payment, space, mastercard, higher, think, susquehanna, way, play, newton, trading, visa


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Alphabet Healthcare Workshop featuring Jeff Dean, other Google leaders

Alphabet is convening employees from across its various health units, including life-sciences R&D unit Verily and health-focused artificial intelligence project Google Brain, for an invitation-only two-day conference at the company’s Sunnyvale campus. It’s also one of the first times that Alphabet has organized a big gathering for its health groups, which are spread out across the organization. Some of these teams sit within Google, like the Google Fit wearables team; home automation group Nest,


Alphabet is convening employees from across its various health units, including life-sciences R&D unit Verily and health-focused artificial intelligence project Google Brain, for an invitation-only two-day conference at the company’s Sunnyvale campus. It’s also one of the first times that Alphabet has organized a big gathering for its health groups, which are spread out across the organization. Some of these teams sit within Google, like the Google Fit wearables team; home automation group Nest,
Alphabet Healthcare Workshop featuring Jeff Dean, other Google leaders Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: christina farr, source, chris wong
Keywords: news, cnbc, companies, leaders, alphabet, space, jeff, google, healthcare, dean, including, teams, featuring, research, health, verily, twoday, workshop, various


Alphabet Healthcare Workshop featuring Jeff Dean, other Google leaders

Alphabet is convening employees from across its various health units, including life-sciences R&D unit Verily and health-focused artificial intelligence project Google Brain, for an invitation-only two-day conference at the company’s Sunnyvale campus.

The event showcases Alphabet’s growing interest in the space. It’s also one of the first times that Alphabet has organized a big gathering for its health groups, which are spread out across the organization.

Some of these teams sit within Google, like the Google Fit wearables team; home automation group Nest, which CNBC has reported is interested in health-tech scenarios, such as helping seniors living independently for longer; and Google Brain. Others are independent companies within Google holding company Alphabet, including Calico, which is doing anti-aging research, and Verily.

The keynote speakers for the Alphabet Healthcare Workshop are high-profile leaders at Google, including artificial intelligence chief Jeff Dean, who is billed to speak on Wednesday, as well as some big names in health and academia, like Robert Califf, a former commissioner of the U.S. Food and Drug Adminstration who now advises Verily, as well as the cardiologist and author Eric Topol.

It’s an opportunity for Google teams to present some of the research they’ve been working on and publishing in scientific journals, including efforts to diagnose disease with imaging scans and its work to analyze medical records. It’s also a chance to network with others across the organization who are also interested in health, as most of the various project teams are sending over a few employees.

A Google spokesperson confirmed the two-day conference.

Alphabet is just one of the technology companies that has made moves in health in recent years. Apple is also making investments in the space, particularly in health hardware, and Amazon is looking into a number of areas, including prescription medicines, medical supplies and employer health.


Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: christina farr, source, chris wong
Keywords: news, cnbc, companies, leaders, alphabet, space, jeff, google, healthcare, dean, including, teams, featuring, research, health, verily, twoday, workshop, various


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