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Monthly Archives: November 2018

Since WWII, history shows 100% chance of post-midterm election rally

A long-time Wall Street market watcher is offering investors encouragement. According to LPL Financial’s Ryan Detrick, the stock market’s wild swings will likely fade following Tuesday’s midterm elections. His case stems from history. He went back to World War II, found all of the October closes in midterm years and …

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2019 revenue growth a catalyst

Patrick T. Fallon | Bloomberg | Getty Images A customer exits a Wells Fargo & Co. bank branch in Los Angeles Patrick T. Fallon/Bloomberg via Getty Images Citi Research upgraded Wells Fargo shares to a buy rating from neutral on Friday, saying the bank has a “clear path to improving …

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Black Friday secrets:  Goods shipped to retailers offer holiday hints

Giant containers of plush bathrobes, air fryers, scooters and flat-screen televisions have made their way from Asia to the U.S. in time to fill retailers’ shelves for the start of the holiday shopping season. Retailers ordered a stockpile of cookware, toys, appliances and mattresses as well, according to import and …

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Trump reportedly asks officials to draft deal

Jonathan Ernst | Reuters President Donald Trump and China’s President Xi Jinping make joint statements at the Great Hall of the People in Beijing, Nov. 9, 2017. U.S. President Donald Trump has asked officials in his administration to start drafting the terms of a possible trade deal with China, Bloomberg …

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Apple is moving from a hardware to services business, says analyst

Shannon Stapleton | Reuters Apple CEO Tim Cook speaks during an Apple launch event in the Brooklyn borough of New York, U.S., October 30, 2018.  Apple’s decision to make major changes to its reporting structure from the next quarter — and stop reporting the break-down on unit sales — is …

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Apple earnings drag tech stocks down after hours

ARis Oikonomou | AFP | Getty Images Tim Cook, CEO of Apple Inc talks at the Debating Ethics event at the European Parliament in Brussels on October 24, 2018.  Just as tech stocks began to turn around from their worst month since the 2008 recession, Apple dragged down the Nasdaq …

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Apple will stop reporting how many iPhones, iPads and Macs it sells

Shannon Stapleton | Reuters Apple CEO Tim Cook speaks during an Apple launch event in the Brooklyn borough of New York, October 30, 2018.  Apple will stop reporting how many iPhones, Macs and iPads it sells each quarter, beginning with the December quarter, Apple CFO Luca Maestri said on the …

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Commerce Department launches audit of steel tariff waivers

Patrick T. Fallon | Bloomberg | Getty Images A contractor guides a steel beam into place while working on the Korean Air Lines Co. Wilshire Grand hotel and office building in downtown Los Angeles, California. The Commerce Department’s internal watchdog has launched an audit of waivers that companies have received …

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Apple now has $237.1 billion in cash on hand

Drew Angerer | Getty Images Tim Cook, chief executive officer of Apple, attends the annual Allen & Company Sun Valley Conference, July 12, 2018 in Sun Valley, Idaho.  Apple now has $237.1 billion in cash on hand the company reported in its fourth-quarter earnings report on Thursday. It now has …

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Apple earnings Q4 2018

Justin Sullivan | Getty Images Tim Cook, chief executive officer of Apple, speaks during an event at the Steve Jobs Theater at Apple Park on September 12, 2018 in Cupertino, California.  Apple is expected to report its fiscal fourth quarter earnings after the bell Thursday. The September quarter is key, …

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