Tag: September

September 2020 Was Warmest On Record, Arctic Sea Reaches Second Lowest Extent

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September 2020 was the warmest September on record globally, according to scientists at the European Union’s Earth observation program Copernicus. The agency also revealed that the Arctic sea ice is at its second lowest extent since satellite records began in 1979.

September temperatures were well above average in many regions across the globe, including off the coast of northern Siberia, in the middle East, in parts of South America and Australia, with the exception of eastern tropical Pacific. The month was 0.05 C warmer than September 2019, the previous warmest September on record. 

Scientists also said that the

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Last Month Warmest September On Record Globally: EU

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Earth’s surface was warmer last month than during any September on record, with temperatures since January tracking those of the hottest ever calendar year in 2016, the European Union’s Earth Observation Programme said Wednesday.

This year has now seen three months of record warmth — January, May and September — with June and April virtually tied for first, the Copernicus Climate Change Service reported.

“There is currently little difference between 2020 and 2016 for the year-to-date,” Copernicus senior scientist Freja Vambourg told AFP.

For the 12-month period through September, the planet was nearly 1.3 degrees Celsius above pre-industrial levels.

That is alarmingly close to the 1.5C threshold for severe impacts detailed in a major 2018 report by the UN’s climate science advisory panel, the IPCC.

The Paris Agreement has enjoined nations to cap global warming at “well below” 2C, and 1.5C if feasible.

2020 has thus far seen three record-warm months -- January, May and September -- with two others, June and April, virtually tied for first 2020 has thus far seen three record-warm

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Analytics Insight Names ‘The 10 Most Influential Women in Technology’ in September 2020

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Analytics Insight has named ‘The 10 Most Influential Women in Technology 2020’ in its September magazine issue. The issue is the fourth volume featuring Influential Women in Technology in 2020.

The issue recognizes ten trendsetting women shaping the world of technology with ground-breaking innovation powered by dynamic leadership. These influential women leaders have transformed their organizations to deliver breakthrough value with farsighted vision and commitment, setting a benchmark for the industry. Here are the outstanding leaders that made it to the list:

Featuring as the Cover Story is Terese Lam, Chief People Officer at Wind River. She is also a member of the Executive Leadership Team, responsible for its global HR function. During her 21-year-plus professional career, Terese has built several businesses from scratch, enabling her to gain an intimate understanding of the workings of a business, securing customers, and what it means to manage finances.

This issue features

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2 reports offer mixed signals for US technology jobs in September

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CompTIA’s tracker shows overall gains but IT-related job losses. BLS shows a second consecutive month of growth.

Woman in front of laptop

Image: nesharm, Getty Images/iStockPhotos

A new jobs’ report shows a mix of good and not-so-good news in the IT sector, with employment gains and disappointing news in IT occupation job losses, according to analysis by the nonprofit association for the global technology industry CompTIA, in its IT Employment Tracker for October.

This was confirmed by the monthly data from the US Bureau of Labor Statistics (BLS), which noted that recovery from the COVID-19 crisis remains both unpredictable and uncertain. While many businesses are still operating in the new normal, some have fully returned to the office, others are doing some combination of the two. 

An estimated 12,900 new net workers in tech and non-tech jobs were recorded by the sector for its industry for September, the second consecutive month in which there was

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Taiwan September exports seen up for third month in row

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TAIPEI (Reuters) – Taiwan’s exports likely rose for a third straight month in September, up 6.6% from a year earlier as people bought electronic goods to work from home during the COVID-19 pandemic, according to a median forecast of 12 analysts polled by Reuters.



a large ship in a body of water: FILE PHOTO: Cargo cranes are seen at Keelung Port during sunset hour in Keelung,

© Reuters/ANN WANG
FILE PHOTO: Cargo cranes are seen at Keelung Port during sunset hour in Keelung,

Taiwan is one of Asia’s major exporters, especially of technology goods, and its export trends are a key gauge of demand for tech gadgets worldwide. Its largest trading partner is China.

Forecasts ranged widely between a growth of 3.8% and 21.6% in the midst of uncertainties over the coronavirus outbreak that has disrupted global supply chains and sent major economies into recession.

Taiwan’s exports have been helped by demand for laptops and tablets to support the work-from-home trend during the pandemic that has forced millions around the world to

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Why Shares of 2U, Inc. Fell 18.2% in September

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What happened

Shares of 2U, Inc. (NASDAQ:TWOU) fell 18.6% in the month of September, according to data from S&P Global Market Intelligence. The online education provider cooled off after the stock had run up over the first eight months of the year, like much of the technology sector. 2U did recently sell shares to the public, but that was back in August after a strong second quarter earnings report.

Additionally, the company may have suffered from some guilt-by-association after another online education rival came under scrutiny by a short-seller.

A college-aged woman take an online class on her laptop.

Image source: Getty Images.

So what

In the second week of September, online education rival K12 (NYSE:LRN) fell after the Miami-Dade schools district cut ties with K12 after trying it out. Short-selling firm Safkhet Capital applauded the decision and called K12 an “education vulture.”

The heightened scrutiny of K12 might have affected how investors view the risk of other companies in

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7 Tech Stocks to Buy for October Opportunities After September Sell-Off

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We’re coming up on 10 months into a year that has utterly upended the world as we know it and roiled the stock market.

Pharmaceutical stocks are hot, fueled by the pursuit of a novel coronavirus vaccine. Electric car stocks have posted big gains. Meanwhile, airlines and cruise lines have seen their stocks tank.

Tech seemed like a safe sector for investment — until the start of September when a broad selloff hit many tech stocks. So which stocks to buy at this point?

I still think there are some promising tech stocks here, despite the losses many have been hit with in recent weeks. Here are 7 tech stocks to buy for October opportunities:

  • Apple (NASDAQ:AAPL)
  • AudioCodes Ltd (NASDAQ:AUDC)
  • Qualcomm (NASDAQ:QCOM)
  • Cognizant Technology Solutions Corp (NASDAQ:CTSH)
  • Garmin Ltd (NASDAQ:GRMN)
  • Pegasystems Inc (NASDAQ:PEGA)
  • SS&C Technologies Holdings, Inc (NASDAQ:
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Mirroring National Jobs Data, US Technology Employment Mixed in September

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DOWNERS GROVE, Ill., Oct. 2, 2020 /PRNewswire/ — The latest data from the monthly U.S. Bureau of Labor Statistics (BLS) Employment Situation report confirms a recovery that remains uneven and unpredictable. Mirroring this pattern, the #JobsReport shows a mix of good news in IT sector employment gains and disappointing news in IT occupation job losses, according to analysis by CompTIA, the nonprofit association for the global technology industry and workforce.

The tech sector recorded its second consecutive month of employment growth, adding an estimated 12,900 net new workers in both technical and non-technical positions. The IT services and custom software development category led the way in job gains, with positive growth also coming in tech manufacturing and the information services category.

The industry’s employment growth was countered by an unexpected loss of 324,000 tech occupation jobs, which span all industry sectors across the economy. As always, caution should be

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Big Tech stocks close out a ‘nightmare’ September

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The Apple logo is displayed at the Nasdaq MarketSite just before the opening bell in New York on Thursday, Aug. 25, 2011.

Scott Eells | Bloomberg | Getty Images

September has been a tough month for traders overall, but a perfect storm left Big Tech stocks, a sector that normally leads the market, with losses. 

“It’s been a ‘Nightmare on Elm Street’ month of September for tech investors,” Dan Ives, managing director at Wedbush Securities, told CNBC.

The Nasdaq, which gets about 40% of its value from just a handful of technology stocks, lost more than 5% in September. At the same time, the S&P 500 has dropped nearly 4%. The Dow Jones Industrial Average has lost more than 2% since Sept. 1.

Apple, which had managed to weather the Covid-19 pandemic and posted impressive results in its fiscal third quarter, closed down 10.25% from the closing price on Aug.

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Tough September Is Finally Over

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Apple investors can finally breathe a sigh of relief. The past month was Apple’s worst in the stock market since February 2020, and the toughest month of September since the 2008 Great Recession: -10%.

As the graph below illustrates, Apple stock fell off a cliff in the first part of the month, finally recovering only in the last five trading days. Compared to the rest of the FAAMG group, Apple underperformed in September by more than 1 percentage point. Against the S&P 500, Apple shares lagged by even more: 6.5 percentage points.

Valuation-driven correction

From a business fundamentals perspective, there wasn’t much about the month of September that could fully explain the drastic swing in Apple share price. In my view, the 22% top-to-bottom decline can be almost completely justified by a correction in valuations that had skyrocketed in August.

On the bearish side, in addition to the

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