Silicon Valley – Tags Area Tue, 11 Jan 2022 22:00:56 +0000 en-US hourly 1 Silicon Valley – Tags Area 32 32 As U.S. technology tumbles, traditional stocks are back in force Tue, 11 Jan 2022 22:00:56 +0000

In less than two weeks and 2022 has already delivered its first stock market drama. A large sell-off in tech stocks – which started last week and continued on Monday – rocked U.S. stock markets.

This technological rout was also bad news for UK investors, including the Scottish Mortgage Investment Trust.

As one of Britain’s most popular investments, the trust has long provided investors with an easy way to support businesses in Silicon Valley and beyond.

Reversal: As technology plummeted, stocks in the ‘old economy’ – including energy and banks – rose, giving London’s FTSE 100 a boost

But while its long-term performance has wowed customers – tripling their money in five years – its stock price has now fallen 23% in two months.

It was a similar story for other popular tech-heavy funds, with Baillie Gifford American losing 25% in the same time frame.

Richard Hunter, head of markets for investment platform Interactive Investor, attributes the tech crisis to a familiar theme: inflation.

He says large investors are increasingly worried that persistent inflation will force central banks to toughen policies to control the economy.

More importantly, it could mean that the US Federal Reserve is raising interest rates faster than many had expected.

On Monday, investment bank Goldman Sachs revealed it now expects four rate hikes (in the United States) this year, up from three last month. “Since many large tech companies are trading at very high valuations, they are particularly sensitive to rising rates, says Hunter.

This is because the stock prices of companies like Tesla and Amazon are based on expectations of future earnings.

A large sell-off in tech stocks - which started last week and continued on Monday - rocked U.S. stock markets

A large sell-off in tech stocks – which started last week and continued on Monday – rocked U.S. stock markets

If higher interest rates make money more expensive, expected profit margins will drop, causing the stock price to fall today. This explains why several of the big tech companies have fallen in recent months, with Tesla and Amazon now down 13.97% and 12.62% since November.

As technology plummeted, stocks in the “old economy” – including energy and banks – rose, giving London’s FTSE 100 a boost.

“The current rotation period has inflated stock prices in areas where rising interest rates and inflation can benefit the business model,” adds Hunter.

He quotes Shell, Barclays and Lloyds. Over the past month, they gained 8.54%, 16.34% and 19.35% respectively.

And now travel stocks, the sector worst hit by the pandemic, are showing signs of recovery.

With the government confirming the end of pre-departure testing (a scarecrow for airlines), easyJet and IAG are up 24.97% and 25.65% in the past month.

So, should these latest twists encourage retail investors to rethink their portfolios?

As always, it’s important to keep things in perspective. Swings like last week’s massive sell-offs used to be a hit, but they also tend to balance out over time.

For this reason, Hunter warns investors shouldn’t be in too much of a hurry to get rid of tech assets they might own.

Investors who have held up particularly well to the tech boom of recent years might want to check that they are not overexposed to the sector.

Investors who have held up particularly well to the tech boom of recent years might want to check that they are not overexposed to the sector.

But investors who have weathered the boom of recent years particularly well might want to check that they are not overexposed to the sector.

Platforms like Hargreaves Lansdown and Charles Stanley offer free guides and tools to help clients understand where their money is being invested.

“Now might be a good time to build the resilience of your portfolio and stay away from stocks with a high degree of exuberance and speculation,” said Rob Morgan, investment analyst at Charles Stanley.

He names the Ruffer Investment Trust as a solid option for investors looking to ensure their portfolio is prepared for a possible downturn. In addition to a wide range of stocks and bonds, the trust also invests in options designed to retain their value in times of uncertainty, including gold and derivatives.

While performances have been less remarkable than equity-focused funds (with £ 10,000 invested for five years for £ 12,500), its positions should hold up better if things go wrong.

For another option, Morgan cites the FTF ClearBridge Global Infrastructure Income Fund, a specialist fund that invests in large-scale infrastructure projects.

“The vast majority of the underlying assets are inflation linked, which means the fund should be able to continue to generate income in an environment of higher inflation,” he said.

Over the past five years the fund has turned an investment of £ 10,000 into £ 16,100. While considered a higher risk investment (due to its narrow focus), it can help investors ensure that all the bases are covered in times of uncertainty.

As for funds that will benefit from continued rotation into the ‘old economy’, River & Mercantile’s UK Dynamic Equity fund is looking for undervalued companies across the FTSE, with large holdings in energy and banking.

Meanwhile, Ninety One’s UK Special Situations fund has significant stakes in easyJet and Jet2.

In five years, the two funds transformed £ 10,000 into £ 12,800 and £ 12,100 respectively.

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Dobson goes endlessly to win Silicon Valley Amateur Mon, 10 Jan 2022 03:59:16 +0000

Dobson goes endlessly to win Silicon Valley Amateur

Sean-Karl Dobson, 2022 Silicon Valley amateur champion

Sean-Karl Dobson, a student at Westlake High School in Austin, TX, was not looking to duplicate Saturday’s record-breaking performance. He was focused on winning a golf tournament. Because how to follow a 62 under par, without a bogey? “Of course I was trying to keep the momentum going,” Dobson said. “But every time you shoot a little number like that the next day you just don’t have the same magic anymore. You have to work with what you have. And today I really didn’t have my best. stuff, so it was a chore.

That grind culminated in the difficult par-3 8th at Baylands Golf Links, where Dobson made a double bogey to bring eventual finalist Cameron Keith back to a two-stroke hitting distance. Keith, a student at De La Salle High School in Concord, Calif., Birdied ninth to climb to a headshot, setting up a spectacular nine-to-one battle between two future college golfers.

“He’s got one of the best short games I’ve ever seen,” Dobson said of Keith, who will play for Dartmouth University in the fall. “He has to be one of the best chippers and putters in all of junior golf. It’s incredible.”

The pair would each go 3 under the closing nine, pocketing three birdies each, including two on the same hole. Although it was Dobson who rose par at 18 to win the Baylands title, just three miles from where he will play in college next season at Stanford University.

As Saturday’s round broke records, including both the competitive course record and the circuit record, Sunday’s victory rang a different note. Dobson joins a list of past winners, including Max Homa (2011) and Collin Morikawa (2016).

“It means a ton. I haven’t won in a long time, ”said Dobson. “Coming out and playing a new event in a new state with new herbs and winning is really, really great.”

* * * * *

Mid-Amateur, Senior and Super Senior Divisions

Nate Jetter, who won the Mid-Amateur title for the second consecutive tournament, placed fifth overall after rounds of 68 and 72. Third place went to 2021 Winter Invitational champion Beau Forest at 7 years, followed by St. Mary’s College recruit Mitchell Hoey. a return shot at 6 cents.

Michael staskus

Senior champion Michael Staskus pushed back a late run from runner-up Daniel O’Connor to win his second Tour event in his last three tries. The 2021 Christmas Classic winner topped the field by two strokes after day one and closed a narrow victory over another member of the Olympic club.

“The hybrid would have come too high and left a really tough chip,” Staskus said of his club selection in the ninth par-5. “So I went with the big gun. “

The choice paid off as O’Connor’s final three-bird set in four holes meant Staskus needed a birdie to win instantly. From a tight lie in a shaved ravine next to the green, Staskus executed a perfect chip to leave himself eight feet for the eventual winning birdie.

“Earlier I was doing the big number, but I started to manage my game better,” Staskus said of his recent game.

The Super Senior title went to Michael Wishart, who, like Staskus, went from thread to thread. He turned his lead from one stroke to three with a holed eagle to start his day on the 10th par-4. He would go on to post his second 75 in a row and win the crystal with a three-stroke victory over Tom Pera.

ABOUT AGC Silicon Valley Amateur


The Silicon Valley Amateur is the first tournament to have a MAJOR champion on its list of previous winners. It would be Collin Morikawa, who won the 2016 title. A little over 4 years later, he won the PGA Championship next door at TPC Harding Park in San Francisco.

2021 marked the announcement of Baylands Golf Links as the new host site for the tournament. And wow, did the players like it. Its location in Palo Alto is apt – because the original garage where Hewlett Packard was founded is located there, and today’s biggest tech companies dot the map of the region, like Canadian geese on the fairways. and wetlands near Baylands in winter. Like Corica Park in Alameda, Baylands has recently been completely redesigned as a new course from the ground up, under the hand of architect Forrest Richardson, and the results are breathtaking.

For players aged 25 to 49. Compete alongside the young players in the Championship Division (same tees, same prize opportunities) and if there are at least 10 Mid-Ams, a separate prize and trophy will be awarded.

For players aged 65 and over. Compete against young players in the senior division (same tees, same prize opportunities) and a separate prize and trophy will be awarded for the super low seniors.

View full tournament information

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CSU Spur Campus Opens at National Western Stock Show Complex – News, Weather & Sports for All of Colorado Sat, 08 Jan 2022 00:47:53 +0000

Adams 14 to switch to virtual learning January 10-14 due to increase in COVID casesAdams County School District 14 will transition to virtual learning for the week of January 10-14.

National Western Stock Show traditions will continue despite COVIDThe National Western Stock Show opens this weekend, despite an upsurge in COVID Omicron cases in Colorado.

President Joe Biden pledges to support those affected by the Marshall firePresident Joe Biden visited the burnt area of ​​Marshall Fire and visited families affected by the blaze.

Louisville residents affected by Marshall fire talk about President Joe Biden’s visitPresident Joe Biden finished a tour of fire-damaged areas in Boulder County on Friday after hours of talks with local and state leaders in Colorado as well as homeowners affected by the Marshall fire.

48 Hours: What Happened in Steve Pankey’s Trial for the Murder of Jonelle Matthews in 1984?What happened during Steve Pankey’s trial for the murder of Jonelle Matthews in 1984?

Macy’s Closes More Stores Across Country, Two Are In ColoradoMacy’s at the Streets of Southglenn is closing, along with the 29th Street store in Boulder.

King Soopers and City Market workers union say they will strike next weekColorado employees at King Soopers and City Market grocery stores may be leaving their jobs soon.

More snow for a few places on SaturdayWatch Dave Aguilera’s forecast

President Biden spoke to those affected by the Marshall fire during his visit on FridayThe President visited the Louisville Recreation Center to speak with families and those affected by the fire.

Elijah McClain dies: officers and medics appear before judgeThree police officers from Aurora and two doctors appeared in court on Friday after being charged with the death of Elijah McClain.

President Joe Biden arrives in Colorado, meets families affected by Marshall fire and wreaks havoc on ToursPresident Joe Biden touched down at Denver International Airport on Friday afternoon en route to Boulder County. The President will tour the destruction left by the Marshall Fire and meet some of the families affected by the most destructive fire in Colorado history.

Silicon Valley of Agriculture”: the CSU Spur campus opens its doors at the National Western Stock Show ComplexColorado State University and the City and County of Denver officially opened the first phase of the “CSU Spur” campus, a brand new research and learning campus on the National Western Stock Show Complex called the “Silicon Valley of Agriculture”.

Coroner confirms Robert Sharpe was killed in Marshall fireA 69-year-old man was killed in the destructive Marshall fire, the Boulder County Coroner’s Office has confirmed.

The DIA Pikes Peak bundle is definitely reopened!The parking lot had been closed for lack of drivers.

Masks will be required in interior areas when the National Western Stock Show opens this weekendThe National Western Stock Show opens in Denver this weekend despite the increase in omicron cases in Colorado. The 16-day show runs from January 8 to 23.

King Soopers and City Market workers union say they will strike this weekendColorado workers at King Soopers and City Market grocery stores may be leaving work this weekend.

Soft and dry Friday before the next storm arrives on SaturdayWatch Callie Zanandrie’s forecast.

Traffic Alert: Closures will be in place on I-25 and Highway 34 in Loveland for several nights to comeFreeway 34 and I-25 in Loveland will be closed overnight for CDOT teams to widen the freeway.

Poll: Colorado business leaders feel positive about hiring jobs in 2022Colorado business leaders feel better about hiring jobs in 2022 despite the increase in COVID-19 cases.

4 things to watch out for in the Broncos-Chiefs gameJustin Adams shares his things to watch out for in the Denver Broncos’ upcoming game against the Kansas City Chiefs.

Justin’s picks of the weekJustin Adams shares his picks of the week.

Omicron Surge causes worker shortage at RTDThe omicron surge is starting to affect RTD services with a labor shortage forcing public transport to make many changes to their routes.

Superior Mayor Clint Folsom talks about President Joe Biden’s visit after the Marshall firePresident Joe Biden will visit Colorado on Friday afternoon.

Digital TV news 1-07-22CBS4 covers Colorado first.

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Silicon Valley companies virtually attend CES, delay plans to return to office Thu, 06 Jan 2022 06:50:19 +0000

the Consumer Electronics Show in Las Vegas kicked off Wednesday, with some notable Silicon Valley tech companies opting to virtually attend the industry show. At the same time, Bay Area tech workers are wondering how long they’ll be working virtually as companies indefinitely delay plans to return to the office.

CES offers a glimpse of what to look for in tech, and this year, beyond the products, it’s the virtual environment to pay attention to.

Larry Magid, CEO of, and a Silicon Valley-based tech industry analyst, broadcast CES from his home, noting that he enjoyed the opening presentation from General Motors CEO Mary Barra, who presented virtually from Detroit.

“They were able to integrate a lot of media elements that would have been much more difficult to do in a live presentation, said Magid. “So there are ways both to exhibit from a distance and certainly ways to observe from a distance.”

The Consumer Technologies Association announced last week that it would end a day earlier, Friday because of the omicron variant. Over 2,200 exhibitors attend in person.

The biggest companies in Silicon Valley, including Google, Meta, Intel and Twitter, have chosen to participate remotely.

“I’m not at all surprised,” Magid said. “Facebook and Google have been very, very careful, maybe more than a lot of other industries… They’re really curling up, trying to protect people.”

Google had planned to bring its employees back to its US offices on January 10, but report his return to the office plans indefinitely, given the current increase in COVID-19 cases.

Apple also doesn’t have a return-to-office date and Meta gives employees the option to work from home on a regular basis. create virtual workplaces called Horizon Workrooms that work through virtual reality and the web.

Magid believes the hybrid way of working is here to stay, a hope shared by technical Bay Area workers who love the flexibility of being able to work in the office and at home.

“I think I’m so used to working from home that I can’t give it up that easily,” said Max, a software engineer at a large tech company in Silicon Valley.

At software company Twilio Segment, Hannah Campbell specializes in creating employee engagement experiences for remote workers.

“There’s always that gender issue, you really want that engagement and that face-to-face connection of being in the office,” Campbell said of working remotely. “We’re really doing our best to make sure you get the same kind of experience in that remote environment, to make sure you’re connected.”

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Why Silicon Valley can’t escape Elizabeth Holmes Tue, 04 Jan 2022 10:57:22 +0000

SAN JOSE, Calif .– In 2016, start-up founders sang, “Theranos doesn’t stand for, we’re better,” in a vacation video created by venture capital firm First Round Capital.

Over the following years, several columnists wrote that Silicon Valley shouldn’t be blamed for Theranos.

Last month, Keith Rabois, a venture capitalist, said on twitter that articles linking Theranos to Silicon Valley culture contained “more fabrications than anything Trump has ever said.”

Technorati in Silicon Valley and beyond have long been trying to part ways with Theranos, the blood testing startup from Palo Alto, Calif., Which has been exposed for lying about its abilities. But the fraud lawsuit of company founder Elizabeth Holmes showed that just as Bernard Madoff was a creature of Wall Street and Enron represented the excesses of the get-rich-quick scheme of the 1990s, Theranos and its leader were in great shape. part of Silicon Valley products. .