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Monthly Archives: January 2019

Apple’s CEO sees optimism as trade tension between US and China lessens

Yves Herman | Reuters Apple CEO Tim Cook delivers a keynote during the European Union’s privacy conference at the EU Parliament in Brussels, Belgium October 24, 2018. Apple CEO Tim Cook said trade tensions between the U.S. and China have improved since late December, giving the tech giant “some optimism.” …

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Amgen earnings Q4 2018

Ricardo Dearatanha | Los Angeles Times | Getty Images A research associate performs a buffer exchange for protein formulation at AMGEN, a drug research and development laboratory. Shares of Amgen fell 3 percent after the company issued weak 2019 guidance which overshadowed its better-than-expected fourth-quarter earnings on Tuesday. The biotech …

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After long slump, ‘this could be gold’s year’

Gold prices are hitting eight-month highs, thanks to investors looking for an alternative to stock market volatility. Prices are also being supported by a weaker dollar and buying by global central bankers and Asian jewelry buyers. Gold futures closed above the key $1,300 per troy ounce this week, and the …

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Severe winter weather grounds more than 1,000 flights

Scott Olson | Getty Images Workers deice a Southwest Airline aircraft at Midway Airport on January 22, 2019 in Chicago, Illinois. Severe winter weather is snarling air travel from the upper midwestern U.S. to Georgia this week. Airlines have called off more than 1,000 flights scheduled for Tuesday and Wednesday …

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Apple, Facebook have better chance than Amazon of beating expectations

If history is a guide, there’s a very good chance Apple’s earnings will be better than expected when it reports Tuesday afternoon, but the stock may not perform all that well. Bespoke Finance Group studied three FANG-related stocks reporting earnings this week and found that Facebook has the best track …

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This chart shows the stock market only cares about Apple right now

All of Wall Street’s eyes are on Apple right now. Apple is scheduled to report quarterly earnings after the close Tuesday and the broader market is currently trading in lockstep with the tech giant. Source: KoyFin.com The SPDR S&P 500 ETF Trust (SPY) hit its high of the day at …

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Trump pal Roger Stone pleads not guilty in Mueller case

Chip Somodevilla | Getty Images Roger Stone, a longtime adviser to President Donald Trump, arrives at the Prettyman United States Courthouse before facing charges from Special Counsel Robert Mueller that he lied to Congress and engaged in witness tampering January 29, 2019 in Washington, DC. A self-described ‘political dirty-trickster,’ Stone …

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Robocallers tried to cash in on the federal government shutdown

The phone rings and you run to pick it up, only to hear an automated recording. You are not alone. There are approximately 5 billion robocalls made every month, according to robocall blocking app, YouMail. That number has been consistent, but the context of those calls changes. The most recent …

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JP Morgan says market is about to hit critical levels

For investors pondering if January’s comeback is a revival of the bull market or just a bounce before the coming bear, the market is about to tell them, according to J.P. Morgan’s chart analyst. The market is still not out of the woods yet even after the S&P 500 rebounded …

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New US sanctions on Venezuela will mean cheap oil for China and India

According to National Security Advisor John Bolton, the move will block some $7 billion in state assets, and represents around $11 billion in lost export revenue from the U.S. market. That will deal a further blow to PDVSA. The firm’s financial situation was already “on a knife-edge” with only about …

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