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Apple is not the iPhone company anymore Apple has finally delivered concrete, positive proof that it has a life beyond the iPhone. The iPhone has accounted for less than half of Apple's total revenue in one of the company's fiscal quarters for the first time since 2012. That's thanks to new hardware like ...
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Here's what the Federal Reserve should do about interest rates: Nothing The Federal Reserve is not just at a crossroads — it is at an absolute crossroads. The headline economic numbers show sustained growth and strong job creation. A net addition of 224,000 jobs last month, an unemployment rate sitting near a 50-year low and ...
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Americans say not investing in a 401(k) is the biggest financial mistake Three out of four Americans admit they've made a financial mistake. The biggest? Not investing in their 401(k), according to a Harris Poll of over 1,000 U.S. adults commissioned by TD Ameritrade. When it comes to retirement, Americans need to be in the ...
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Amgen results beat estimates, lung cancer trial planned Amgen on Tuesday said its second-quarter revenue fell 3% due to more competition for its older off-patent drugs, but rising sales of newer medicines helped its results exceed Wall Street forecasts. Amgen also said its experimental cancer drug AMG510 has ...
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Fiat Chrysler defies slowdown thanks to North America performance MILAN (Reuters) - Fiat Chrysler (FCHA.MI) (FCAU.N) took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its RAM pick-up brand in North America helped it to defy an industry slowdown.
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Dish wireless — a result of T-Mobile, Sprint merger — could give metro Denver a second shot at telecom glory Dish Network's agreement to build a new national wireless network has the potential to bring thousands of jobs to metro Denver and restore the region's faded status as a telecommunications hub. As a condition of approving T-Mobile's $26.5 billion acquisition ...
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AMD stock falls amid fears about 'very difficult' fourth quarter A Susquehanna analyst wonders if AMD is setting itself up for another downward revision to its forecast. AMD. AMD lowered its full-year revenue forecast in conjunction with its latest earnings report. By ...
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Bunge swings to quarterly profit on venture investment, South America strength CHICAGO (Reuters) - Agricultural commodities trader Bunge Ltd swung to a profit in the second quarter from a year-ago loss, helped by an unrealized gain from its stake in plant-based burger venture Beyond Meat Inc and improved results at its South ...
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UK markets watchdog: cryptoassets have 'no intrinsic value' LONDON (Reuters) - People should be cautious about putting money into unregulated cryptoassets like bitcoin that have "no intrinsic value" and few protections, Britain's Financial Conduct Authority said on Wednesday. A collection of Bitcoin (virtual currency) ...
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Spotify revenue beats but adds fewer-than-expected paid subscribers Spotify Technology reported better-than-expected second-quarter revenue on Wednesday, but added fewer paid subscribers than estimated, sending its shares down 2.2% in trading before the bell. The world's most popular paid music streaming service said ...
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Credit Suisse second-quarter net profit jumps 45%, beating expectations Credit Suisse reported a net income of 937 million Swiss francs ($945 million) for the second quarter of this year, beating analyst expectations. Analysts polled by Reuters expected a net profit of 720.3 million Swiss francs ($726.13 million) for the ...
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Impossible can't make its meatless food fast enough. Now it's partnering with a company that makes meat New York (CNN Business) Impossible Foods is partnering with a major meat processor to increase its capacity. Impossible which makes meatless alternatives to burgers and sausage, has struggled to keep up with a surge in orders. Demand for meat ...
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Key India Equity Gauges Eke Out Gains, Cap Worst July Since 2002 Key Indian equities indexes capped their worst decline for the month of July in 17 years, even as shares eked out gains on Wednesday. The benchmark S&P BSE Sensex climbed 0.2% to 37,481.12 at the 3:30 p.m. close in Mumbai, easing its decline this ...
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US private sector adds 156000 jobs in July: ADP (Reuters) - U.S. private employers added 156,000 jobs in July, above economists' expectations and supporting the view of a firm domestic labor market, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast ...
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GE burns through another $1 billion. But its outlook is improving New York (CNN Business) General Electric burned through another $1 billion in cash during the second quarter, but the struggling conglomerate continues to make headway in recovering from a disastrous past few years. GE's (GE) better-than-feared results ...
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British homebuilder Taylor Wimpey reports small drop in first-half profit (Reuters) - Britain's third-largest homebuilder Taylor Wimpey Plc (TW.L) on Wednesday forecast a fall in full-year margins and reported a small drop in first-half pretax profit, as it was hit by higher costs. High demand for materials amid a buildup of buffer stocks ...
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Singapore Exchange's Earnings Exceeds Expectations — Earnings Review By Justina Lee. Singapore Exchange Ltd. (S68.SG) on Wednesday reported fourth-quarter results. Here is what you need to know: NET PROFIT: SGX posted net profit of 103.9 million Singapore dollars (US$75.8 million) for the quarter, up from S$83.7 million ...
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West Norfolk's ambulance service still not good enough say inspectors The East of England Ambulance Service has been told that once again it "requires improvement" by the health service watchdog, the Care Quality Commission (CQC). The report released today found the service provided by the EEAST as lacking in many ...
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Intu boss insists shops aren't dead, despite High Street pain leading to deeper losses Struggling Intu's new boss on Wednesday insisted stores are not dead, despite High Street woes slashing the value of the shopping centres owner's property empire and pushing it to losses of more than £800 million. Shares in the FTSE 250 landlord plunged ...
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Puma ups 2019 ambitions after strong Q2, Man City deal By Agence France-Presse. German sportswear maker Puma on Wednesday reported rising sales and profits in the second quarter, raising its full-year financial targets after a strong start to a sponsoring deal with Manchester City. (REUTERS / MANILA ...
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