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Monthly Archives: November 2017

Facebook launches Facebook Creator App

Stephen Lam | Reuters Facebook Founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook F8 developers conference in San Jose, California, U.S., April 18, 2017. Facebook hoping to court more video creators to its platform with the launch of a new app. The Facebook Creator App will …

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BuzzFeed IPO stymied as revenue misses target: DJ

Lucy Nicholson | Reuters Jonah Peretti, Founder and CEO, Buzzfeed, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 18, 2017. Media start-up BuzzFeed is no longer on track to go public next year as its revenue for 2017 is on pace to fall far …

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Shares of home goods retailer RH soar 25% on strong forecast

Shares of RH popped 25 percent on Thursday after the company issued guidance stronger than Wall Street analysts expected. The company expects adjusted earnings per share between $1.02 a share and $1.04 a share. Analysts were expecting RH to issue guidance of about 80 cents per share. “Our updated third …

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Overshooting employment goal could trigger rate hike

Daniel Acker | Bloomberg | Getty Images Robert Kaplan, president of the U.S. Federal Reserve Bank of Dallas. Dallas Federal Reserve Bank President Robert Kaplan on Thursday said he was open-minded about raising rates at the Fed’s next meeting, because the U.S. economy is at or close to full employment, …

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Kenya Supreme Court could end presidential election crisis

Yasuyoshi Chiba | AFP | Getty Images Lawyers at the Supreme Court in Nairobi, Kenya, on November 14, 2017, ahead of a hearing on October 26’s repeat presidential election. Kenya’s Supreme Court has until Monday to decide whether it will uphold last month’s disputed presidential election result, a ruling that …

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Chinese traders a growing force in global copper trading markets

“We believe this new contract, which will complement CME Group’s existing physically delivered benchmark COMEX copper futures, will become a reference price for copper traded in or delivered to China,” Young-Jin Chang, executive director of metals products and global head of metals at CME Group, said in a statement. Year-on-year …

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Dow surges 200 points as Wal-Mart jumps; Cisco leads Nasdaq to all-time high

Brendan McDermid | Reuters Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 7, 2016. The S&P 500 gained 0.9 percent, with consumer staples and information technology as the best-performing sectors. Wal-Mart was among the best-performing stocks in the index after …

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John Malone says Disney-Fox deal makes sense and benefits both sides

Scott Eells | Bloomberg | Getty Images John Malone, Liberty Media On the side of Bob Iger’s Disney, Malone said the company would get global reach and be able to accelerate its plans to launch a direct-to-consumer streaming product. “If I was Bob I would be looking at [buying 21st …

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China’s bitcoin crackdown has helped Japan embrace the cryptocurrency movement

Dan Kitwood | Getty Images A visual representation of the digital Cryptocurrency, Bitcoin on October 24, 2017 in London, England. Mai Fujimoto, known as Miss Bitcoin in Japan, has become a type of “crypto evangelist,” blogging and tweeting about all things bitcoin. She said that although regulations built trust in …

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Siemens to cut 6,900 jobs worldwide, half of them in Germany

Getty Images Hard hats with the lettering ‘Siemens’ hang on a wall in Nuremberg, southern Germany in a steam turbine plant on June 22, 2017. German manufacturing conglomerate Siemens announced on Thursday that it was cutting 6,900 jobs worldwide in response to changes in the energy and commodity sectors. Roughly …

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