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Monthly Archives: November 2017

Twitter is about to pass a historic milestone

Twitter shares are doing something unusual this year — they are going up. In every full calendar year since the social media company’s initial public offering in November 2013, the stock has posted double-digit losses. This year, Twitter is up nearly 29 percent year to date, on pace for its …

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AWS launches DeepLens artificial intelligence camera

Source: Amazon Web Services Andy Jassy, CEO of Amazon Web Services and Infrastructure. Amazon has a track record of coming out with hardware like tablets and smart speakers. And a couple of years ago Amazon’s cloud division joined in the fun with a box full of hard drives for moving …

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JPMorgan is one surging bank stock to buy right now

Financials just hit its highest level in over a decade, and Rich Ross of Evercore ISI has one surging name to buy. As the markets soared to record highs on Wednesday, the financial sector hit its highest level since Oct. 30, 2007. The move higher follows comments Tuesday by Jerome …

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M&A tempered by high valuations

Patrick T. Fallon | Bloomberg | Getty Images Andy Jassy, chief executive officer of web services at Amazon.com Inc. Amazon’s behemoth cloud division has swallowed eight or nine companies in the past few years — and it would buy up even more if not for Silicon Valley’s sky-high valuations, the …

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$20 trillion national debt ‘should keep people awake at night’

Jacquelyn Martin | AP Federal Reserve Chair Janet Yellen attends a hearing of the Federal Reserve Board Joint Economic Committee, Wednesday, Nov. 29, 2017, on Capitol Hill in Washington. With Congress wrestling over a tax reform plan that critics say would explode the government budget deficit, Federal Reserve Chair Janet …

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Allergan shares jump as ‘better Botox’ are overdone

Jason Alden | Bloomberg | Getty Images A clinical technician holds a syringe and a vial of Allergan Botox, produced by Allergan. Shares of Allergan jumped more than 2 percent Wednesday after analysts at Morgan Stanley downplayed concern over competitive pressure for its key product, Botox. “Fears about a ‘better …

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Trump says ‘additional major sanctions’ coming for North Korea

Jung Yeon-Je | AFP | Getty Images People watch a television news screen showing pictures of US President Donald Trump (C) and North Korean leader Kim Jong-Un (R) at a railway station in Seoul on November 29, 2017. U.S. President Donald Trump on Wednesday called on Chinese President Xi Jinping …

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Bitcoin surges through $11,000 less than 24 hours after topping $10,000

The Bitcoin rally is accelerating. The digital currency spiked through $11,000 Wednesday morning, hours after surpassing the $10,000 level for the first time. Bitcoin traded at an all-time high of $11,155.20 at around 9:00 a.m. ET, according to industry site CoinDesk. By 9:16 a.m., bitcoin had leaped all the way …

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Facebook shares to soar nearly 20%, Barclays predicts

Stephen Lam | Reuters Facebook Founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook F8 developers conference in San Jose, California, U.S., April 18, 2017. Facebook should be able to drive advertising prices higher to help offset a deceleration in ad impressions, according to Barclays. Instagram and …

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Amazon’s cloud service signs Disney, Expedia, NFL

Christophe Morin | Bloomberg | Getty Images Attendees stand near Amazon.com Web Services signage during the Station F startup campus launch party in Paris, France, on Thursday, June 29, 2017. Amazon has signed heavy-hitters Disney, Expedia and the NFL to its cloud services, the company announced Wednesday. The contracts are …

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