Author: blogadmin

Tech Stock in Trouble

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Billions of dollars have been lost as stock value of companies like Apple, Amazon and Microsoft are hit by the continued drop in Tech Stock.

This my not seem important to most, as people don’t actively participate in the Stock Market. But if you have a 401(K) or IRA, which is most North American citizens, then its likely you have investments in one or two popular companies.

This is important news as Tech companies (Facebook, Apple, Google and Microsoft) are positioned as top most popular mutual stock fund investment. Tech companies have gained increasing importance in relation to the US economy, which in turn makes it difficult to not want to invest in them.

Tech Stock has usually been viewed as a durable, long-term investment which will see continued growth in the long run, so people are quick to bet on companies like Facebook and Amazon and new markets they are opening. But because of this very reason, research into unknown an untested technologies ins VR, OS, storage, phones or game consoles can cause people to doubt a company and their directions.

This is worth considering as the start of drop can be linked to a selloff in Apple stock, closely after their WWDC and may be related to their new lineup of computers and laptops as well as OS.

 

CV Not Important for Jobs Search?

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Recent surveys have found that 77% of executives prefer to use networking to find candidates for open job positions, with interviewing and social media presence also identified as important factors.

This survey revealed that 2% will only read a CV for two minutes and 50% will only take 5 minutes reading a resume during a job search process.

The length of time that executives spend reading a candidate’s CV during the job search process was also revealed, with over 50 per cent spending just five minutes and 13 per cent only two minutes.

This doesn’t mean you have to stop updating your CV, they still mater and the experience portion has been identified as the most important piece of information on a candidate’s resume.

Here are three more interesting stats

50% executives will only take 5 minutes reading a resume during a job search process and 2% will only read a CV for two minutes

15% of executives the quality of the previous employer is important information.

2% of executives consider education as really important information.

Multi-million Dollar Loss for Uber

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Following its last 3 months of 2016 and the financial loss of 991 million dollars, this recent quarter has resulted on a 702 million dollar loss and the departure of Gautam Gupta, their Finance Head. He is only the latest of executive to depart the company.

Uber has lost their Head of Communication and President among multiple other top level executives and has suffered its fair share of scandals involving sexual harassment and the Department of Justice looking into recent allegations of Uber undermining and trying to thwart authorities trying  to determine if they comply with regulations.

This is all negative news for the company, but at the moment they are siting safe with approximately 7.2 billion dollars saved up. It is up to Uber to improve their culture, management and leadership in its field and try to avoid acting or conducting themselves in ways that could lead to more lawsuits and allegations against them.

Extraditing Hackers

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A Czech court ruling on a case involving the hacking of computers belonging to US companies states the alleged hacker can be extradited to Russia or USA.

The hacker, Yevgeniy Nikulin, was arrested by Czech police with the help of the FBI after Interpol issued the international warrant. Yevgeniy is sought after by the US because of his involvement in hacking Linkedin and Dropbox, among other companies. Russian had also been after him for a separate charge of Internet theft in 2009. Because of this, the Russians have been trying to prevent his extradition to the US and have him sent to Russia.

With the new ruling, both extradition request have been validated and currently Nikulin has only appealed his extradition to the United States. He has three days to decide if he will agree to being extradited to Russia.

This story could take a step deeper, if a statement of the accused is true.

The defense lawyers have rejected the US charges, stating the US has been looking to turn him into a political pawn; urging him to falsely testify that he cooperated in the hacking attack on the Democratic National Committee ordered by Russian authorities and in exchange, he would receive money and a life in the United States.

This is part of the US ongoing investigation and accusation of alleged Russian involvement in their presidential elections. An accusation Russia has vigorously denied that.

Benefits of Using MT5

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  1. Flexibility – MT5 has two position accounting types: market depth and orders and deals. The different order types and execution modes offered by MT5 enable you to exercise a great deal of flexibility. You can make use of any trading strategy to successfully trade the financial markets.
  2. Analysis – Both technical and fundamental analysis can be carried out on MT5. Technical allows you to examine currency and stock quotes from all possible angles. While the fundamental analysis enables you to better understand the impact on the currencies caused by different economic and industrial indicators.
  3. Copy Trading and Trading Signals – Allows you to “copy” all the trades executed by a successful trader in your trading account. You can choose from a large number of free as well as paid signals.
  4. Mobile Trading – Offer iOS and Android apps that allow you to trade from any place.
  5. Algorithm Trade – MT5 allows you to makes use of trading robots . These special applications analyze quotes and place trades on the basis of an underlying algorithm. You can purchase or rent thousands of trading robots as well as technical indicators
  6. Virtual Hosting – Excellent function to keep your account active even if your computer is turned off.