Retailers have reported steady sales gains for July, as larger discounts and sweltering hot weather forced shoppers into air conditioned shopping centers. However, with growing economic concerns, many analysts worry that the back-to-school shoppers will stick to the habits they demonstrated during the Great Recession – sticking to necessities only and waiting around for bigger discounts.
Earnings reports released on Wednesday afternoon from BJ’s Wholesale Club and Target show that consumers are spending cautiously due to higher gas and food prices. The results demonstrate discretionary spending; meaning retailer margins could remain pressured this year.
Investors are most concerned with the prospects for Target, as shoppers are purchasing food and necessities, but avoiding non-essential purchases.
Swiss researchers have invented a small three-phase motor that may be used as the power-source for a new breed of wristwatches. These watches could then operate as GPS units, app devices or mobile phones. These are activities that normally require quite a bit of energy, and can be costly and overbearing, but this micro-electromechanical system can be more than enough.
At Lausanne’s Swiss Federal Institute, researchers have invented this small motor, which is said to put out over three times the energy as that of a typical motor.
Are you concerned with internet privacy? You should be, and it’s worse than you imagined! With newly invented technology for facial recognition, your tagged Facebook photos may help the authorities, or even a stranger, ID you while you walk down the street.
Apple is facing a class-action suit, which accuses the company with conspiring to jack up the prices on e-books. A law firm in Seattle is targeting Apple in part because of their dominance of tablet and smartphone sales, according to the managing director of the firm.