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AT&T shares stumble after rivals T-Mobile, Verizon pick up new subscribers

Kena Betancur | AFP |Getty Images People walk past an AT&T store in New York on October 23, 2016. Shares of telecom giant AT&T stumbled Wednesday after rivals T-Mobile and Verizon crushed expectations for new subscribers. Traders seem to be predicting a zero-sum game among the cable providers. Growth by …

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Qualcomm calls Apple CEO Tim Cook’s comment ‘misleading’

Ethan Miller | Getty Images Qualcomm Inc. CEO Steve Mollenkopf speaks during a keynote address at CES 2017 on January 6, 2017 in Las Vegas, Nevada. Qualcomm said on Tuesday Apple Chief Executive Officer Tim Cook’s comment that there was no recent settlement discussions between the iPhone maker and the …

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Amazon Alexa gadgets debut at CES

Alex Wong | Getty Images Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland.  There are two things I’d like to tell you about CES 2019. …

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Hulu hits 25 million subscribers, CEO says it can catch up to Netflix

Getty Images Streaming player menu screen featuring Netflix, Amazon, Vudu, Hulu, and Redbox Instant. Netflix has a total of 58 million U.S. subscribers. It added 1.09 million domestic subscribers in the third quarter of 2018, 674,000 in the second quarter and 1.96 million in the first quarter. It is expected …

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‘Informal’ boycott of American products by China may be behind Apple iPhone sales slump

Chinese consumers may be staging an informal boycott of some American products and that could be a factor behind Apple’s revenue shortfall, according to Bank of America Merrill Lynch economists. Others on Wall Street have made the same claim. Apple last week stunned investors when it revealed its revenues would …

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Google plans to lease office space in Los Angeles

Stephen Lam | Reuters Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Google is expanding in L.A., the Wall Street Journal reported Tuesday. The company plans to lease office space from what is now a mall in …

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WeWork rebranding as The We Company, SoftBank invests $2 billion

Mandel Ngan | AFP | Getty Images A man enter the doors of the ‘WeWork’ co-operative co-working space in Washington, DC. WeWork is rebranding as The We Company, with plans to move even further beyond office space rentals and launch a bank, according to a new report by Fast Company. …

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Apple analysts let down their clients, but it shouldn’t be a surprise

Scott Eells | Bloomberg | Getty Images The Apple logo is displayed at the Nasdaq MarketSite just before the opening bell in New York on Thursday, Aug. 25, 2011. Apple analysts, huh, what were they good for? Absolutely nothing. Say it again… Yep, that’s right, I just butchered one of …

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Profits likely fell 80 percent

SeongJoon Cho | Bloomberg | Getty Images The LG Electronics logo is seen at the World IT Show in Seoul, South Korea, on May 23, 2018. South Korea’s LG Electronics said on Tuesday its fourth-quarter operating profit likely fell 80 percent from the same period a year earlier, far below …

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Apple hasn’t been this unloved by Wall Street since 2005

Apple has become more unloved by Wall Street analysts than at any time in the past 14 years. Wall Street analysts have the lowest percentage of ‘buy’ ratings on Apple stock since 2005 — at 49 percent, according to FactSet. Another 51 percent are ‘holds.’ As Apple shares plummeted in …

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