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Monthly Archives: March 2018

Wall Street analyst makes an evidence-based case for holding (or ‘HODLing’) bitcoin for long term

Looking through the lens of stock investing, a Wall Street analyst says bitcoin is an attractive buy while it remains under pressure here. If an investor didn’t hold stocks through the 10 best days for the S&P 500 each year, the annualized return would drop to 5.4 percent from 9.2 …

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It’s not true that the iPhone isn’t built in the US

John Gress | Reuters Tim Cook, Chief Executive Officer of Apple Inc., takes part in an education-focused event at Lane Technical College Prep High School in Chicago, Illinois, U.S., March 27, 2018. Apple CEO Tim Cook said Wednesday the iPhone is in fact largely made in the U.S. He clarified …

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Democrats try to win House in midterms with moderates like Conor Lamb

Brendan McDermid | Reuters Democratic congressional candidate Conor Lamb is greeted by supporters during his election night rally in Pennsylvania’s 18th U.S. Congressional district special election against Republican candidate and State Rep. Rick Saccone, in Canonsburg. “This is something that you’re not going to see repeated, because they didn’t have …

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Equifax names Mark Begor as its CEO

Brendan McDermid | Reuters Equifax trading information and the company logo are displayed on a screen where the stock is traded on the floor of the New York Stock Exchange in New York. Equifax says Mark Begor will become its CEO as the credit reporting company continues to try to …

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Final reading on US Q4 GDP is up 2.9%, vs 2.7% growth expected

Matthew Busch | Bloomberg | Getty Images An employee inspects a component for hybrid electric vehicle motors at the Toshiba International manufacturing facility in Houston, Texas. The government said while provisions of the income tax overhaul that came into effect in January had no effect on corporate profits for current …

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Goldman Sachs slashes Apple iPhone sales estimates

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. Goldman Sachs has slashed its Apple iPhone sales estimates for the first two quarters of the year. The investment bank said for quarter …

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North Korea, tariffs on the menu for expected Trump-Abe summit

Brendan Smilalowski | AFP | Getty Images Japan’s Prime Minister Shinzo Abe and US President Donald Trump wait for a meeting in the Oval Office of the White House on February 10, 2017 in Washington, DC. Japanese Prime Minister Shinzo Abe is finalizing details for a summit with President Donald …

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Three Facebook users sue over collection of call and text history

Jaap Arriens | NurPhoto | Getty Images The Facebook Messenger application is seen on a iPhone on December 1, 2017. Three users of the Facebook Messenger app sued Facebook on Tuesday, saying the social network violated their privacy by collecting logs of their phone calls and text messages, in the …

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US and South Korea to revise trade pact with currency side deal

Chung Sung-Jun | Getty Images U.S. President Donald Trump talks with South Korean President Moon Jae-In at the presidential Blue House on November 7, 2017 in Seoul, South Korea. The United States and South Korea have reached agreement on a revised trade pact that includes a side deal aimed at …

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Uber gives up autonomous vehicle testing rights in California

Adriano Machado | Reuters The chief executive of Uber Technologies, Dara Khosrowshahi. Uber will not renew its permit to test autonomous vehicles on California public roads when it expires Saturday. And the company will have some explaining to do if it wants to get a new permit. California’s Department of …

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