- Better than expected China PMI over the weekend and ECB meeting on Thursday with LTRO announcement being anticipated and a (speculative) rate cut to help boost their economy.
- $GOOG is planning on extending its customer base by offering internet usage to the un-wired regions of the world via satellite and boost revenue as well as earnings. The new project's estimated price ranges from $1B-$3B, and will start with 180 small, high-capacity satellites orbiting Earth at low altitude. 180 "low altitude"? Just how many are up there anyway? lol
- Cost-cutting in a digital age to continue. Imagine the possibilities. For example one bank digitized it's mortgage-application and decision process, cutting the cost per new mortgage by 70% and slashing time to preliminary approval from several days to just one minute. A telecom created a self-serve, prepaid service where customers could order and activate phones without back-office involvement. A shoe retailer built a system to manage its in-store inventory that enabled it to know immediately whether a shoe and size was in stock—saving time for customers and sales staff. An insurance company built a digital process to automatically adjudicate a large share of its simple claims. Full post at McKinsey
- AAPL will unveil more Beacon tech at the World Wide Developers Conference in San Francisco starting today. Virgin Atlantic has already installed beacons in London's Heathrow Airport so a smartphone automatically displays a boarding pass when the passenger comes to the gate or security. LabWerk has used the technology to create an app to alert drivers of empty spots in parking garages. Apple (AAPL) has designed the beacons to transmit the Bluetooth signal within 500 feet of a phone. (hat tip S/A)
- With an aging baby boomer population and given the recent scandal at the Veterans Administration, I found this quite timely. Technology and expenditure growth in Healthcare (hat tip Ritholtz)