E*TRADE Generation Trader: Highlights from Mobile World Congress
Technology and mobile giants gathered in Barcelona for Mobile World Congress this week. In this episode Cheddar's Brad Smith and Baker Machado explore how announcements from this event are impacting industry leaders.
Samsung unveiled its Galaxy S9 and S9+ at its keynote address. The phone's high-end camera is Samsung's latest attempt to take on Apple's iPhone X. Shares of T-Mobile surged after the news that Samsung's new product will be the first phone on its new spectrum. Sony also unveiled its Xperia ZX2 at the event. Over the course of three months, shares of Sony are up about 6.5 percent.
The race for 5G is also heating up. AT&T and Verizon admitted phones will not be available in time for the launch of 5G mobile service. Shares of both companies are falling a bit this week. Both AT&T and Sprint have unveiled their first 5G cities in the last few days. Meanwhile, T-Mobile announced it is looking to build its initial 5G network in 30 cities this year.
While some of these announcements might drive up investor sentiment, many plans are still in early stages. It will be interesting to keep tabs over the course of 2018.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
