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4 Reasons Why Apple Stock Is Still a Great Long-Term Bet

August 8, 2018 admin Comments Off

Every few years, investors start to turn on tech giant Apple (NASDAQ:AAPL) as worries surface about the firm’s ability to continue to innovate and whether the firm’s iPhone sales will continue to bring in the kind of growth they’ve become accustomed to. The firm’s most recent earnings results quashed the most recent wave of AAPL stock skepticism and took the stock from $190 per share to nearly $210 per share in a matter of days. Although I’ll admit such a massive market cap is a little bit intimidating, Apple’s long-term growth story is too strong to pass up. …read more […]

Roku’s platform drives quarterly revenue beat

August 8, 2018 admin Comments Off

Roku Inc topped Wall Street estimates for quarterly revenue on Wednesday as the company added more subscribers to its ad-supported platform, sending its shares up nearly 9 percent.

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S&P 500, Dow edge down as oil prices, trade worries weigh

August 8, 2018 admin Comments Off

The S&P 500 closed slightly lower on Wednesday as falling crude prices and trade jitters held markets in check.

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Ford executive says baby offroader in product pipeline

August 8, 2018 admin Comments Off

The new model, which will share parts with the Focus and Escape, will feature “offroad positioning and imagery” and will carry a premium price, according to Hau Thai-Tang, executive vice president of product development and purchasing. The vehicle, as yet unnamed, is an all-new model with a design intended to recall Ford’s classic mid-1960s Bronco offroader, according to a source familiar with the company’s plans. Thai-Tang cited the vehicle as an example of how the U.S. automaker is changing its product development process to use more flexible vehicle architectures, increase parts commonality and speed new products to market …read more […]

Fox tops profit, revenue estimates as cable earnings rise

August 8, 2018 admin Comments Off

Twenty-First Century Fox Inc’s quarterly profit and revenue topped Wall Street estimates on Wednesday, as the Rupert Murdoch-controlled media company earned higher fees from cable distributors.

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Ford executive says baby offroader in product pipeline

August 8, 2018 admin Comments Off

Ford Motor Co plans to introduce a small utility vehicle based on its compact Focus sedan, with more rugged offroad styling cues than the Escape, a top executive said on Wednesday.

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U.S. SEC examining Musk’s tweets on taking Tesla private: WSJ

August 8, 2018 admin Comments Off

U.S. regulators are examining how Tesla Inc Chief Executive Elon Musk announced his plan to take the electric carmaker private and whether his statement was truthful, the Wall Street Journal reported on Wednesday.

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Roku reports 57 percent rise in quarterly revenue

August 8, 2018 admin Comments Off

Roku Inc reported a 57.4 percent rise in quarterly revenue on Wednesday, helped by higher number of subscribers for its ad-supported video streaming platform.

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Tronc weighing offer to sell newspaper business: report

August 8, 2018 admin Comments Off

Tronc Inc is weighing an offer to sell the Chicago Tribune and the rest of its newspaper holdings to a private equity firm, the Chicago Tribune reported on Wednesday.

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U.S. Sanctions Russia Over Nerve-Agent Attack on Ex-Spy in U.K.

August 8, 2018 admin Comments Off

The U.S. announced new sanctions on Russia Wednesday, saying it’s made a final determination that Vladimir Putin’s government was responsible for the March 4 nerve-agent attack on former double agent Sergei Skripal and his daughter in the U.K. …read more […]

Oil drops on China import data, weighing on equities

August 8, 2018 admin Comments Off

Oil prices slumped after Chinese import data showed a slowdown in demand and weighed on world equity markets, which traded near break-even as U.S. technology shares extended recent gains.

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Wall St. dips as oil slide drags down energy shares

August 8, 2018 admin Comments Off

U.S. stocks were slightly lower on Wednesday as a steep fall in crude oil prices hit energy shares, more than offseting gains in technology and bank stocks.

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Beer drinkers lose U.S. appeal over Anheuser-SABMiller merger

August 8, 2018 admin Comments Off

A federal appeals court on Wednesday rejected an antitrust challenge by 23 beer drinkers to Anheuser-Busch InBev SA’s $107 billion purchase in 2016 of SABMiller Plc, which they claimed would thwart competition and raise prices in the U.S. beer market.

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China, Germany defend Iran business ties as U.S. sanctions grip

August 8, 2018 admin Comments Off

China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump’s warning that any companies trading with the Islamic Republic would be barred from the United States.

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