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Monthly Archives: December 2017

Eric Schmidt stepping down as Alphabet’s executive chairman

Patrick T. Fallon | Bloomberg | Getty Images Eric Schmidt, Alphabet Inc. Chairman Eric Schmidt will be stepping down as the executive chairman of Alphabet’s board of directors and transitioning to technical advisor, the company announced. He will continue to serve on the company’s board. Schmidt first joined Google as …

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Tax bill ‘winners’ could help drive the year-end Santa rally

Oh by gosh by golly, it’s time for the Santa rally. According to Stock Trader’s Almanac, the Santa rally, officially begins Friday, the start of the final five trading days of 2017, and ends at the close Jan. 3, the end of the second trading day of the new year. …

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Three Dow stocks, including Microsoft, are poised for a major breakout

First, Ross pointed to a ’90s tech darling: Microsoft. “It really doesn’t get any better than this,” he said Wednesday on CNBC’s “Trading Nation.” According to the technician, the stock has just broken out of a 17-year base, which he says is a rare occurrence. But on top of that …

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Stocks are the most overbought in 22 years, and history says that’s bullish

It’s proved to be a major market theme this year: Stocks are hitting all-time high after all-time high in what appears to be an unstoppable juggernaut of an equity rally. Many say that’s cause for concern, as the broader market has seen so few pullbacks this year amid virtually no …

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History shows bond yields could reverse next week after sudden spike

The Treasury market was buzzing with tax talk this week, and yields quickly moved higher. But all the chatter about a bigger deficit, more government debt issuance and fears of faster Fed interest rate hikes could take a rest next week—and bond prices could move higher. The 10-year yield was …

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Millennials are more interested in catalogs than your grandmother is

AP Photo In this August 26, 1948 file photo, Ruth Parrington, librarian in the art department of the Chicago Public Library, studies early Sears Roebuck catalogs in the library’s collection, in Chicago. Catalogs may seem like an outdated way to grab shoppers. But not if your target is millennials. Studies …

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Larger batteries in 2019 iPhones, KGI says

Justin Sullivan | Getty Images Apple CEO Tim Cook (L) takes a picture with David Casarez (R) who just purchased the new iPhone X at an Apple Store on November 3, 2017 in Palo Alto, California. Apple is already sourcing smaller components for its 2019 iPhones in an effort to …

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UN General Assembly votes to declare US recognition of Jerusalem as Israel’s capital ‘null and void’

Pacific Press | Getty Images U.S. Ambassador to the UN Nikki Haley is seen during the Security Council meeting. The United Nations Security Council convened an emergency meeting to consider new sanctions against North Korea following the nation’s July 3 and July 28 tests of intercontinental ballistic missiles. A resolution …

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No, bitcoin isn’t likely to consume all the world’s electricity in 2020

The integrity of electric power forecasts is a subject close to Koomey’s heart. He was part of the team in the mid-1990s that debunked widely circulated projections of power consumption by the internet. Those studies overstated the internet’s share of U.S. electricity consumption by at least a factor of 8 …

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Apple patents navigation system for self-driving cars

Stephen Lam | Reuters Tim Cook, CEO, holds an iPad Pro after his keynote address to Apple’s annual world wide developer conference (WWDC) in San Jose, California, U.S. June 5, 2017. A patent application published on Thursday revealed details on Apple’s autonomous vehicle research, which CEO Tim Cook has called …

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