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Monthly Archives: September 2018

Nvidia shares rise after Needham cites ‘dominance’ in machine learning

Tyrone Siu | Reuters Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Needham believes Nvidia’s leadership in artificial intelligence hardware and software makes it uniquely positioned to usher in the next wave of computing. Analyst Rajvindra Gill …

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From financial crisis to homelessness to life in Peru

Mario Tama | Getty Images A man waits on line with other job seekers at the Internal Revenue Service (IRS) Career Open House October 28, 2008 in New York City.  Yet for some folks, the lingering effects of the recession would last much longer. “I never really bounced back,” said …

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Costco downgraded by Wells Fargo

Daniel Acker | Bloomberg | Getty Images Shoppers at a Costco Wholesale store in East Peoria, Illinois. Costco shares may have peaked after the stock’s strong performance this year, according to Wells Fargo Securities. The firm lowered its rating to market perform from outperform for Costco shares, citing the retailer’s …

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Smartphone makers bet on folding screens and more cameras to boost growth

Marlene Awaad | Bloomberg | Getty Images An attendee inspects a P20 Pro smartphone, manufactured by Huawei Technologies Co., during its unveiling in Paris, France, on Tuesday, March 21, 2018.  The smartphone market is slowing, users are holding onto their devices for longer and some manufacturers are feeling the heat. …

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Automotive industry hit most by both US and China tariffs

U.S. automakers in China are feeling the most pain as some American companies are getting hurt by new tariffs from both the White House and Beijing, according to a survey released this week from the American Chamber of Commerce in Shanghai and Beijing-based American Chamber of Commerce in China. The …

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Sears slows same-store sales decline, hints at more closures ahead; shares rise 22%

Scott Olson | Getty Images A sign announcing the store will be closing hangs above a Sears store in Chicago, Illinois. Sears Holdings on Thursday reported the smallest decline in quarterly same-store sales in more than three years, as the embattled department store chain continues to trim its fleet of …

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AMD shares go from positive to worst day since July, down 5%

Shares of Advanced Micro Devices posted their worst day since July on Thursday as the popular semiconductor stock appeared to take a breather. AMD’s stock sank 5.3 percent by the closing bell, finishing the day at $30.48, well below recent 12-year highs. The shares, which opened the day higher, rose …

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Jeff Bezos’ Amazon shares bring ‘muscle’ to space

Jeff Bezos is better known for building the e-commerce empire of Amazon than his entrepreneurial work at rocket-builder Blue Origin – but Morgan Stanley says that may change. “We believe investors may want to pay far more attention to another emerging force for the advancement of efforts in Space that …

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Defense Secretary James Mattis hit 4 cities and a war zone in 5 days

Tech Sgt. Vernon Young Jr. | Department of Defense Defense Secretary James Mattis walks into the Pentagon in Washington, D.C., April 11, 2018. ABOARD A US MILITARY AIRCRAFT — Under the cover of predawn hours, Secretary of Defense James Mattis disembarked a 20-hour flight from the Middle East at Andrews …

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Japanese carmaker Nissan cashes in on Naomi Osaka’s US Open tennis victory

Jun Sato | WireImage | Getty Images Naomi Osaka attends the press conference at Nissan Global Headquarters on September 13, 2018 in Yokohama, Japan. “This week has been a dream come to life, and I’m so honored to represent Japan and Nissan on the world stage,” Osaka said. “I was …

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