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Monthly Archives: December 2017

Apple’s Irish back taxes total $15 billion after Paradise Papers

Josh Edelson | AFP | Getty Images Apple CEO Tim Cook speaks during a media event at Apple’s new headquarters where Apple is expected to announce a new iPhone and other products in Cupertino, California on September 12, 2017. Ireland expects iPhone maker Apple to start paying up to 13 …

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GOP tax cuts good for stocks, but maybe not American workers

Saul Loeb | AFP | Getty Images Demonstrators protest against the Republican tax reform plan during a rally organized by Our Revolution and Americans for Tax Fairness Action Fund on Capitol Hill in Washington, DC, November 15, 2017. The GOP’s tax bill is excellent for the stock market, but perhaps …

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Xiaomi IPO could reach $50 billion: Report

ChinaFotoPress | Getty Images Lei Jun, chairman and CEO of China’s Xiaomi, presents the company’s new product, the Mi Note, in Beijing, China, Jan. 15, 2015. Chinese smartphone maker Xiaomi is eyeing a $50 billion IPO as early as next year, according to a report from Bloomberg. The Beijing-based company …

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Holiday shoppers are spending more on themselves this year

If she really wants it, she’ll buy it for herself. In the wake of the onset of the holiday shopping season, and a strong one at that, NPD Group analyst Marshal Cohen said he’s noticed more shoppers picking up items for themselves, especially when compared to past years. A recent …

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Barclays sees Blue Apron rebounding more than 20%, looks like a ‘stabilization point’

Richard Drew | AP The Blue Apron logo appears above a trading post on the floor of the New York Stock Exchange, July 18, 2017. Blue Apron could be reaching a “stabilization point” given its stock’s disappointing performance since its last earnings report, according to Barclays. Shares of the company …

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Amazon’s amazing run is headed for trouble, technical strategist says

Shares of Amazon have been under pressure, and the charts are pointing to more downside, according to one technical strategist. The stock posted its first negative week after five-straight weeks of gains, its longest winning streak since March. Despite the impressive streak, Amazon is showing signs of short-term exhaustion around …

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‘I feel very badly for General Flynn’

Jonathan Ernst | Reuters President Donald Trump speaks to reporters as he departs for travel to Utah from the White House in Washington, U.S. December 4, 2017. President Donald Trump expressed sympathy on Monday for Michael T. Flynn, saying the FBI “ruined” the life of his former national security adviser, …

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iOS 11.2 update released for iPhone

Justin Sullivan | Getty Images The iPhone X is displayed during an Apple special event at the Steve Jobs Theatre on Sept. 12, 2017 in Cupertino, Calif. It’s time to update the software on your iPhone again. Apple released iOS 11.2 over the weekend — instead of on Tuesday as …

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Toys R Us UK to close stores in restructuring

Andrew Matthews | PA Images via Getty Images Sale signs outside a Toys R Us store in Basingstoke, Hampshire, as the company has put forward plans to close at least 26 U.K. stores, putting up to 800 jobs at risk. Toys R Us U.K. is to seek creditor approval for …

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China in pole position amid global race to secure lithium supplies

Dale De La Rey | Bloomberg | Getty Images Xi Jinping, China’s president, raises a glass to make a toast during a dinner banquet. China is outpacing the U.S. and other countries in a global race to secure supplies of an all-important element for electric cars. China has emerged as …

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