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Archive Monthly Archives: October 2018

Oil Density High

Oil prices were little changed in volatile trade on Wednesday as strong U.S. demand for fuel helped offset a sixth straight week of crude builds and evidence of rising global supply despite sanctions that are already curbing Iranian crude exports.The Brent crude December LCOc1 futures contract, which expires Wednesday, fell 21 cents to $75.70 a […]

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China’s Dadoa Double Edged

President Trump and his trade advisor Peter Navarro have been ramping up the rhetoric on China ever since the 2016 campaign.Then came real economic pressure beginning in March, when the president announced the first round of tariffs on Chinese goods. China slapped retaliatory tariffs on American goods in response, a move as predictable as it […]

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Google’s Waymo Cruisin’

California’s Department of Motor Vehicles (DMV) on Tuesday (Oct. 30) issued Waymo the state’s first permit to test self-driving cars on public roads without a human in the driver’s seat. Alphabet’s autonomous-driving subsidiary has had permission to test autonomous vehicles with safety drivers since 2014, but it can now dispense with humans to test three […]

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Teva Potency Slipping

Teva Pharmaceutical Industries Ltd. (TEVA) is scheduled to post its third-quarter 2018 earnings on Nov 1, before the opening bell. So, what is in store for the generic drugmaker’s shares that have moved 4% up this year vs. the industry’s 5.8% dip?Teva is in a good place now, since it beat expectations in three of […]

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Buffett Changes Strategy

Multinational holding conglomerate Berkshire Hathaway – which counts outspoken crypto critic Warren Buffett as its CEO and chairman – has invested around $600 million in two fintech payment firms focused on emerging markets, the Wall Street Journal (WSJ) reported Oct. 29.Both investments are said to have been spearheaded by one of Berkshire’s two portfolio managers, […]

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$34 Billion Bet on A Trillion

IBM’s $34 billion acquisition of open-source software developer Red Hat (RHT) is “resetting” the cloud landscape, according to IBM (IBM) CEO Ginni Rometty. Announced on Sunday, the move puts a 60% premium on Red Hat’s Friday closing stock price.But Rometty sees it as the best way for IBM to capture a greater share of the […]

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LL Cool J Kind of Day

U.S. stocks traded higher Tuesday as markets looked to pare steep October losses in volatile trading.The S&P 500 gained 0.65 percent as gains in real estate, communications and materials stocks carried the index out of correction territory. The Dow Jones Industrial Average rose 100 points as Goldman Sachs, McDonald’s and Boeing all outperformed.The tech-heavy Nasdaq […]

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Incoming Calls Restricted

Donald Trump’s administration is planning to propose by early December tariffs on “all remaining Chinese imports” if an upcoming summit between the president and his Chinese counterpart Xi Jinping does not work out, Bloomberg reported on Monday, a move that if enacted would virtually guarantee pain for companies like Apple that have so far evaded […]

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Mario Brothers Back For The Holidays

Nintendo sold 5.07 million Switch hybrid consoles in the first half of 2018, but revenues grew only 4 percent to $3.9 billion in the six months ended September 30.The Kyoto, Japan-based company said profit was $815 million, up 32 percent from a year earlier. Nintendo said it would not change its previous forecast for the […]

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The Day One Company Lifted a Market

Pretty much everything has been said about Tesla: it was selling vehicles at a loss and would never be able to make them under the right conditions and fast enough, that its founder was crazy and would lead the company to ruin, while one industry veteran acclaimed the Model S, calling on car collectors to […]

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