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Monthly Archives: July 2018

Here’s how much money Apple has

Getty Images A customer purchases the new iPhone X at an Apple store on November 3, 2017 in Palo Alto, California. Apple now has $243.7 billion in cash on hand, the company reported along with its third-quarter earnings Tuesday. That’s $23.5 billion down from the $267.2 billion it posted in …

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Pence says ‘Russia meddled’ in 2016 elections, explains security plans

Andrew Harrer | Bloomberg | Getty Images Vice President Mike Pence speaks in the East Room of the White House in Washington, D.C., U.S., on Friday, May 18, 2018. Vice President Mike Pence described several new initiatives meant to prevent cyberattacks against U.S. elections systems on Tuesday. The Federal Bureau …

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Apple Q3 2018: Services revenue

Josh Edelson | AFP | Getty Images Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Apple posted $9.55 billion in software and services revenue for its third quarter, as the hardware giant …

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Don’t worry about the yield-curve recession indicator

Peter Foley | Bloomberg | Getty Images Burton G. Malkiel, professor emeritus of economics at Princeton University, speaks at the John C. Bogle Legacy Forum in New York, U.S., on Tuesday, Jan. 31, 2012.  Investing pioneer Burton Malkiel believes investors shouldn’t worry too much about a key recession indicator or …

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Facebook has detected attempts to interfere in midterm elections

Matt McClain | The Washington Post | Getty Images Facebook CEO, Mark Zuckerberg Facebook confirmed it has identified a coordinated political influence campaign believed to be working ahead of November’s midterm elections. The social media company announced on Tuesday it had detected and removed 32 fake accounts and pages from …

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Shopify shares dive as it may issue more stock, gives tepid guidance

Shopify initially rose after releasing better-than-expected earnings on Tuesday before the market. The stock then turned lower later in the morning and was last down 7 percent as traders reacted to lukewarm guidance , a new offering of stock and a possible slowdown in net merchants added to the platform. …

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Businesswoman Gina Miller on standing up for what you believe in

Photo by Matthew Whiteley, Courtesy of AllBright SCM Direct founder & Transparency Campaigner Gina Miller (L) and AllBright Co-founder Debbie Wosskow OBE (R) at the 2018 AllBright FoundHER Festival in London. Speaking at the AllBright’s FoundHER Festival in London earlier this month, Miller explained how she learned to listen to …

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US and China reportedly seeking to restart talks to avert trade war

Nicolas Asfouri | AFP | Getty Images U.S. President Donald Trump and China’s President Xi Jinping leave a business leaders event at the Great Hall of the People in Beijing on November 9, 2017. The U.S. and China are seeking to restart talks to avert a trade war, according to …

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Trump fires back at Koch brothers network

Mark Wilson | Getty Images President Donald Trump talks about his meeting with Russian President Vladimir Putin, during a meeting with House Republicans in the Cabinet Room of the White House on July 17, 2018 in Washington, DC.  President Donald Trump is tired of hearing the conservative Koch network’s criticism …

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Twitter upgraded by Nomura Instinet

Wall Street’s expectations for Twitter have been appropriately reset as evidenced by the recent nosedive in the company’s stock, according to Nomura Instinet, which upgraded shares to neutral from reduce on Tuesday. “Dealing with traffic and content quality on these platforms as well as protecting users’ privacy comes at a …

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