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Monthly Archives: August 2018

Caesars stock tumbles on poor Las Vegas outlook

Caesars Entertainment stock fell sharply during the second-quarter earnings conference call on Wednesday as the gaming company revealed a cautious forecast for the upcoming quarter. CFO Eric Hession told investors on the call that the demand in July and August “saw some softening,” causing Caesars “to be cautious about how …

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AWS now has $16 billion of unrecognized revenue 

Rex Curry | Reuters Jeff Bezos, CEO of Amazon, speaks at the George W. Bush Presidential Center’s Forum on Leadership in Dallas, Texas, April 20, 2018. Amazon’s cloud service is locking its customers into bigger and longer-term contracts, signaling a deeper commitment from its already market-leading user-base. Amazon disclosed in …

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Apple investors should thank Trump’s tax cuts for the stock’s record high

Zach Gibson | Bloomberg | Getty Images President Donald Trump, right, speaks as Tim Cook, chief executive officer of Apple Inc., listens during the American Technology Council roundtable hosted at the White House in Washington, D.C. Wall Street is buzzing over Apple’s strong earnings results, driving its shares to a …

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Facebook’s WhatsApp expands business offerings, revenue opportunities

Justin Sullivan | Getty Images Mark Zuckerberg, Facebook CEO Facebook’s chat service WhatsApp is adding more ways for companies to communicate with customers, and opening up a new way for the parent company to cash in. While WhatsApp doesn’t have advertising outright, it is increasing functionality for businesses on its …

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Why Apple is making original TV shows

David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Apple CEO Tim Cook explained why the company is making a big push into original TV programming on Tuesday’s earnings call. “The cord cutting in our view is only going to accelerate and probably accelerate …

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Jefferies upgrades Papa John’s stock: Turmoil, fear create opportunity

Joe Raedle | Getty Images A Papa John’s pizza box is seen on July 11, 2018 in Miami, Florida.  Jefferies upgraded Papa John’s shares to buy from hold on Wednesday, saying the “fear that the brand is permanently impaired” has created an opportunity for investors. The third-largest pizza chain has …

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Sending ‘a box of short shorts’

Alberto E. Rodriguez | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. David Einhorn’s hedge fund Greenlight Capital said the firm’s bet against Tesla shares “was our second biggest loser” in the most recent quarter. The billionaire also said in the Greenlight letter he was “happy …

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Every major Wall Street analyst on Apple’s earnings report

Getty Images Apple CEO Tim Cook delivers the keynote address during Apple WWDC on June 8, 2015, in San Francisco. Apple shares rallied after the company beat Wall Street expectations on both the top and bottom lines as well as for average iPhone selling price. Apple’s stock jumped more than …

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Rio Tinto sees first-half profit rise, plans $1 billion share buyback

Ian Waldie | Bloomberg | Getty Images A train loader fills train carriages with lump iron ore at Rio Tinto Group’s West Angelas iron ore mine in Pilbara. The miner’s plans to replace trains with driverless ones hit a delay in Q1. Rio Tinto reported a rise in first-half profit …

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