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Apple’s recent weakness is just the ‘pause that refreshes’: Analyst

It’s hard out there for an Apple investor. The stock has been on a roller-coaster ride since unveiling its next generation products, as underwhelming reviews and weak demand for the iPhone 8 have sent shares tumbling. “Apple looks very, very sick. It’s rolling over and trading below its 50-day moving …

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New York Yankees venture into esports industry with new partnership

Getty Images Gary Sanchez #24 of the New York Yankees celebrates with Didi Gregorius #18 after a solo home run during the seventh inning against the Houston Astros in Game Five of the American League Championship Series at Yankee Stadium in the Bronx, New York on October 18, 2017. The …

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Legislation would require Facebook, Google to publicly archive ads

Pete Marovich | Bloomberg | Getty Images Senators Amy Klobuchar, D-MN and John McCain, R-AZ. Legislation to be unveiled Thursday would for the first time impose some regulation on internet advertising giants like Facebook and Google. The Honest Ads Act would require digital platforms to archive in a publicly available …

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Amazon’s HQ2 race draws offers of as much as $7 billion

Mike Kane | Bloomberg | Getty Images Jeff Bezos, chief executive officer of Amazon.com Inc. U.S. cities are offering Amazon as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters. The world’s largest online retailer has won promises from …

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Elon Musk says The Boring Company’s second digger is ‘almost ready’

Getty Images SpaceX CEO Elon Musk speaks at the International Astronautical Congress on September 29, 2017 in Adelaide, Australia. Musk detailed the long-term technical challenges that need to be solved in order to support the creation of a permanent, self-sustaining human presence on Mars. Elon Musk said Wednesday the second …

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Blue Apron cuts 6 percent of its workforce

Dan Acker | Bloomberg | Getty Images Recipe cards from a Blue Apron Holdings Inc. meal-kit delivery are arranged for a photograph in Tiskilwa, Illinois, U.S., on Wednesday, June 14, 2017. Blue Apron on Wednesday said it cut about 6 percent of its workforce, nearly four months after the meal-kit …

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Wall Street veterans are trickling into digital asset management

The author of an investment newsletter said Wednesday he will help a major digital assets fund open its New York office at the beginning of November. The announcement follows news in September that former Fortress hedge fund manager Michael Novogratz plans to launch a similar $500 million fund. Paul Brodsky …

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IBM post-earnings shares see biggest jump in 8 years

David A. Grogan | CNBC Ginni Rometty, Chairwoman, President and CEO of IBM, at the World Economic Forum in Davos, Switzerland. IBM saw its biggest stock jump in eight years in early trading Wednesday following an after-the-bell earnings beat on Tuesday. The stock was up 9 percent in morning trading, …

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Tech companies spend more on lobbying as changes to NAFTA loom

Chris Wattie | Reuters Canada’s Foreign Minister Chrystia Freeland (C) speaks before the start of a trilateral meeting with Mexico’s Economy Minister Ildefonso Guajardo (L) and U.S. Trade Representative Robert Lighthizer during the third round of NAFTA talks involving the United States, Mexico and Canada in Ottawa, Ontario, Canada, September …

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Qudian (QD) IPO spikes more than 40 percent

Michael Nagle | Bloomberg | Getty Images Traders work in front of a monitor displaying Equifax Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York. Chinese fintech company Qudian jumped nearly 40 percent on its opening day of trading on the NYSE Wednesday. Shares …

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