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Monthly Archives: May 2018

Nvidia upgraded at Barclays as chipmaker’s ‘unparalleled scale’ in autos, robotics spell upside

David Paul Morris | Bloomberg | Getty Images Jen-Hsun Huang, CEO, Nvidia Barclays upgraded Nvidia to overweight on Thursday, citing swelling demand for semiconductors over the next several years and conceding to investors that they were behind the times on the company until now. “We obviously are late to the …

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Korean janitor could keep seven gold bars he found in the trash

Yoshikazu Tsuno | AFP | Getty Images Gold bars on display in Tokyo on September 27, 2010. A janitor in South Korea who discovered seven gold bars in a garbage bin could keep them if no-one else claims ownership. The unidentified male cleaner found the discarded gold bars, that each …

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Gold demand posts weakest first quarter since 2008 financial crisis

Leonhard Foeger | Reuters A worker places gold jewelery into a melting furnace at the Austrian Gold and Silver Separating Plant in Vienna, Austria. Gold demand slumped to its weakest first quarter since the global financial crisis, the World Gold Council said Thursday, as the prospect of rising interest rates …

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China, Hong Kong, Japan, South Korea

Tianhan Chen | Cpressphoto | Getty Images The skyline of the city of Beijing, China on March 25, 2016. Beijing China’s capital stands out ahead of its Asian peers in terms of the scale and valuation of its start-up scene. Home to as many as 7,000 start-ups and more than …

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Tesla CEO Elon Musk continues to say he has no plans to raise capital

Daniel Acker | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors, center, participates in the opening bell ceremony at the Nasdaq Marketsite with his twin boys Griffin, green shirt at center, and Xavier, right in blue shirt, and his fiancee (at the time) Talulah Riley, second …

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Tesla stock drops as Elon Musk gives bizarre earnings call

Diego Donamaria | Getty Images Elon Musk speaks onstage at Elon Musk Answers Your Questions! during SXSW at ACL Live on March 11, 2018 in Austin, Texas. Shares in Tesla took a nosedive in after-hours trading today as Elon Musk cut off analysts during a first-quarter earnings call. He dismissed …

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Square says it sold $34 million of bitcoin in first quarter

Louis Ascui | Fairfax Media | Getty Images Jack Dorsey, CEO of Square Payments processing company Square said it sold a total of $34.1 million in bitcoin in the first quarter. However, the company spent $33.9 million to buy bitcoin to allow people to trade it through its Cash mobile …

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Ford expands recall to nearly 100,000 Transit vans in North America

Getty Images The first production Ford Transit commercial van waits on the assembly line to be unveiled at the Ford Kansas City Assembly Plant April 30, 2014, in Claycomo, Missouri. Ford is expanding a safety recall for its Ford Transit vans. The recall now includes nearly 100,000 of the cargo …

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Apple (AAPL) stock opens higher after Q2 2018 earnings

Beck Diefenbach | Reuters Apple Inc CEO Tim Cook is shown with TV personality James Corden and musician Pharrell during a taped comedy bit in this image shot from a projection screen during an Apple media event in San Francisco, California, U.S. September 7, 2016. Apple shares gained more than …

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Cambridge Analytica is shutting down

Henry Nicholls | Reuters Alexander Nix, CEO of Cambridge Analytica, center, arrives at the offices of Cambridge Analytica in central London, Britain, March 20, 2018. Cambridge Analytica is shutting down, NBC News has learned. The political research firm with ties to the Donald Trump campaign has been caught in a …

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