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LG Electronics To Build Shopping Cart that Follows Shoppers

How about a shopping cart that follows you around as you shop for groceries instead of you having to push it all around the supermarket?

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Arthur J. Villasanta – Fourth Estate Contributor

Seoul, South Korea (4E) – How about a shopping cart that follows you around as you shop for groceries instead of you having to push it all around the supermarket?

South Korea’s LG Electronics in 2019 will demo a machine called the “smart-cart robot” that will do just that. The firm signed a deal yesterday with “emart,” South Korea’s largest retailer and discount store, to develop this new type of service robot that will assist shoppers at supermarkets. emart has close to 200 supermarkets throughout South Korea

Both firms will jointly develop the smart-cart robot. This machine will be able to automatically identify obstacles and follow shoppers as they walk through aisles.

Powered by electric motors, the new robot will free shoppers from the necessary but tiring job of pushing heavily laden carts by themselves. LG Electronics said the smart robot will be developed by its research laboratory.

Proof-of-concept testing will begin in the first half of 2019. emart has been testing automated smart car called eli since April.

Over the past years, the company has developed and sold a series of eight robots under the CLOi brand. The ClOi Robots were built to handle different tasks, including guiding, cleaning and mowing lawns.

There’s a robot called the CLOi SuitBot that can help people lift and move heavy objects. There also the CLOi ServeBot, CLOi GuideBot and CLOi CleanBot, among others.

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Finance

Facebook Unable to Identify Who Was Behind Network of Fake Accounts

Facebook said Tuesday it had been unable to determine who was behind dozens of fake accounts it took down shortly before the 2018 U.S. midterm elections.

“Combined with our takedown last Monday, in total we have removed 36 Facebook accounts, 6 Pages, and 99 Instagram accounts for coordinated inauthentic behavior,” Nathaniel Gleicher, head of cybersecurity policy, wrote on the company’s blog.

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San Francisco, CA, United States (VOA) – Facebook said Tuesday it had been unable to determine who was behind dozens of fake accounts it took down shortly before the 2018 U.S. midterm elections.

“Combined with our takedown last Monday, in total we have removed 36 Facebook accounts, 6 Pages, and 99 Instagram accounts for coordinated inauthentic behavior,” Nathaniel Gleicher, head of cybersecurity policy, wrote on the company’s blog.

At least one of the Instagram accounts had well over a million followers, according to Facebook.

A website that said it represented the Russian state-sponsored Internet Research Agency claimed responsibility for the accounts last week, but Facebook said it did not have enough information to connect the agency that has been called a troll farm.

“As multiple independent experts have pointed out, trolls have an incentive to claim that their activities are more widespread and influential than may be the case,” Gleicher wrote.

Sample images provided by Facebook showed posts on a wide range of issues. Some advocated on behalf of social issues such as women’s rights and LGBT pride, while others appeared to be conservative users voicing support for President Donald Trump.

The viewpoints on display potentially fall in line with a Russian tactic identified in other cases of falsified accounts. A recent analysis of millions of tweets by the Atlantic Council found that Russian trolls often pose as members on either side of contentious issues in order to maximize division in the United States.

– Courtesy VOA

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At $50M, the ‘Pink Legacy’ Diamond Shines Brightest in Christie’s Sale

The ‘Pink Legacy’, a diamond weighing just under 19 carats, fetched a record 50.375 million Swiss francs ($50 million) as it outshone all other auction lots at Christie’s in Geneva on Tuesday.

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Geneva, Switzerland (VoA) – At $50M, ‘Pink Legacy’ Diamond Shines Brightest in Christie’s Sale

The ‘Pink Legacy’, a diamond weighing just under 19 carats, fetched a record 50.375 million Swiss francs ($50 million) as it outshone all other auction lots at Christie’s in Geneva on Tuesday.

Graded “vivid”, the highest rating for a pink diamond’s color, the gem is internally pure with a rectangular cut, and mounted on a platinum ring.

Once owned by the Oppenheimer Family, who built De Beers into the world’s biggest diamond trader, the diamond had a pre-sale estimate of $30 to $50 million. The identity of the seller was not disclosed.

Vivid colored diamonds are the most strongly saturated gems, displaying the optimum hue of the stone. Most pink diamonds of this color weigh less than one carat, the auction house – which was holding its semi-annual jewellery sale – said.

Christie’s said the ‘Pink Legacy’ achieved a new per-carat record for a pink diamond, and was the second most expensive one ever sold at auction.

($1 = 1.0073 Swiss francs)

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Wall Street Woes Continue for Second Straight Day

Stocks fell again Tuesday on unpredictable trading, not as lavishly as Monday’s bloodbath, but still bad enough for investors to warn of continuing volatility for the remainder of the year.

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Arthur J. Villasanta – Fourth Estate Contributor

Neew York, NY, United States (4E) – Stocks fell again Tuesday on unpredictable trading, not as lavishly as Monday’s bloodbath, but still bad enough for investors to warn of continuing volatility for the remainder of the year.

Apple was again a major source of Wall Street’s woes Tuesday, and was joined by oil, whose price fell by more than 7%. Apple’s stocks continue to bleed from the news one of its major Chinese suppliers cut its outlook for its fiscal second quarter in 2019 because Apple predicted lower sales.

The Dow Jones Industrial Average yesterday fell 100.69 points to 25,286.49. The S&P 500 was a well of bad news, stumbling 0.2 percent to 2,722.18 for its fourth straight decline. The NASDAQ Composite closed almost unchanged at 7,200.87.

At their session highs, the Dow and S&P 500 rose more than 100 points and 1 percent, respectively. The NASDAQ had gained as much as 1.6 percent. The major indices hit their session highs after the White House confirmed reports of renewed talks between the U.S. and China on trade. But Apple and oil doused whatever optimism was generated by this seeming piece of good news on the trade front.

Yesterday, energy was the worst-performing sector after crude prices fell to their lowest levels in a year. Wall Street now appears to be held hostage by Apple. Stock again sank into the red in the afternoon after Apple tumbled on the lack of positive news.

“I’m not convinced this tech skittishness is over,” said Randy Frederick, vice president of trading and derivatives at the Schwab Center for Financial Research. “Normally, I wouldn’t say one sector can drag the entire market lower, but tech is the biggest sector.”

On Monday, the Dow Jones Industrial Average fell an enormous 602 points in another day of extreme and unnerving volatility at U.S. equity markets.

Monday’s huge losses brought the Dow’s decline over the past two sessions to 804 points. The Dow closed at 25,387.18. The tech-heavy NASDAQ Composite retreated 2.8 percent to 7,200.87 and fell back into the correction territory it first entered during the October market rout.

The S&P 500 tech sector stumbled into correction territory, dropping 2% to 2,726.22 as financials tanked, led by Goldman Sachs. Goldman shares posted their biggest drop in seven years after news broke that Malaysia’s finance minister is demanding a refund of fees paid to Goldman for its work in scandal-plagued state investment fund 1MDB.

Analysts blamed the new rout and weak investor sentiment on a sharp decline in Apple shares; a rise in the U.S. dollar and perssistent worries about global trade, especially a ramped-up U.S. trade war.

The major indices hit their lows of the day in late-afternoon trading media reported the White House had circulated a draft report on auto tariffs that plans to impose a 25% tax on all luxury cars imported into the U.S. Shares of General Motors turned negative following the report.

Apple led the rout in tech, its shares falling by 5% after Lumentum Holdings, which makes technology for the iPhone’s face-recognition feature, cut its outlook for its fiscal second quarter in 2019. Lumentum CEO Alan Lowe said one of its largest customers (Apple) asked the company to “materially reduce shipments” for its products. Shares of Lumentum plunged 33 percent at the news.

The S&P 500 tech sector is down more than 10 percent from its 52-week high. Nearly 70 percent of the stocks in the sector are in a correction. One analyst said the FAANG trade is dead and the market is struggling to find a replacement.

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