Category: Technology Development

Why OneConnect Financial Technology Rocketed 103.6% Higher in 2020

What happened

Shares of OneConnect Financial Technology (NYSE:OCFT) rocketed 103.6% higher in 2020, according to data provided by S&P Global Market Intelligence. The Chinese fintech player actually had its IPO back in December of 2019, so 2020 marked its first year as a public company. Like many software stocks, OneConnect rocketed higher beginning in April, as investors anticipated the acceleration of the digital economy, which was soon borne out by strong financial results.

Middle-aged Asian man smiles while looking at his laptop.

Image source: Getty Images.

So what

Although the COVID-19 pandemic caused the world economy to plunge into a recession, with financial companies pulling back on lending and

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Radar technology key for NOAA’s hurricane forecasts hits setback

The $70 million funding bid over five years failed because of flaws in NCAR’s proposal, according to two senior NOAA officials who spoke on the condition of anonymity because they were not authorized to speak on grant decision-making.

The decision follows the busiest hurricane season on record, when communities were ravaged by rapidly intensifying storms, which are difficult to forecast and are increasingly common in a warming world.

The radar, known as airborne phased-array radar or APAR, would be mounted on aircraft and flown into storms, scanning hurricanes and other storms in all directions.

Compared with the current generation of

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3 Fintechs That Might IPO Soon

Fintech, or financial technology, is a growing field and has been one of the biggest gainers of the pandemic. Loosely, fintech companies provide technology solutions for payments and other financial transactions. The leader in the field is PayPal (NASDAQ:PYPL), which pioneered digital payments, and an upcoming disruptor is Square (NYSE:SQ), whose stock gained nearly 250% in 2020.

As these companies grow, they often get significant funding from venture capital firms, and eventually issue stock in an initial public offering (IPO). It’s often profitable to buy shares in an IPO, since the price can escalate quickly, usually ending the

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Should You Buy Intel on Recent Activist Investor Involvement?

Despite a general boom in technology stocks this year, one big notable exception has been Intel (NASDAQ:INTC). Long known as the dominant player in the computer processor space, “Chipzilla” saw it moat against rivals deteriorate further this year due to internal technology problems, and the stock has responded by falling 14.7% in 2020, including dividends. That’s a huge underperformance against the semiconductor sector, which gained a whopping 55.5% last year.

INTC 1 Year Total Returns (Daily) Chart

INTC 1 Year Total Returns (Daily) data by YCharts

Intel’s underperformance and bargain-basement valuation of just 9.75 times earnings has recently attracted activist investor Dan Loeb to invest roughly

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Foreign aid workers who father children abroad tracked down by researchers using genealogy tech

British foreign aid workers who father children abroad are being tracked down using genealogy technology by researchers at King’s College London.

It comes in the wake of the Oxfam scandal of 2011, when the aid sector was rocked by allegations that staff had engaged in sexual misconduct with victims of the 2010 Haitian earthquake.

Six test cases have already been completed in the Philippines, with men identified in Australia, Canada, the United States and Britain as having fathered children in the country, either through sex tourism or in relation to aid work.

One British man, a former aid worker for

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