Apple reported its fiscal third quarter 2017 earnings after the bell on Tuesday, noting that it sold 41 million iPhones during the quarter. Wall Street was looking for Apple to sell 40.7 million iPhones during the quarter, according to a StreetAccount consensus estimate. Apple sold 40.4 million iPhones in the year-ago quarter. iPhone sales always […]
Read moreA new survey of Tesla owners continues to fuel one analyst’s concerns that the Model 3 may eat into sales of Tesla’s higher-end cars. More than 30 percent of current Tesla owners in recent survey held reservations for the Model 3, according to a note sent Tuesday from Bernstein analyst Toni Sacconaghi. About 70 percent […]
Read morePresident Trump said Tuesday that he was told “off the record” by Foxconn chairman Terry Gou that the company plans to spend $30 billion on a new U.S. plant — which would be three times the amount of money the company has previously pledged. Trump’s comments came a press conference during small business event at […]
Read moreApple is set to report earnings after the bell on Tuesday, when investors will get a last look at the company’s business ahead of a highly anticipated iPhone launch. – Adjusted EPS: $1.57 per share expected by a Thomson Reuters consensus estimate – Revenue $44.89 billion expected by a Thomson Reuters consensus estimate – iPhone […]
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The early bitcoin mining pioneers are giving way to giant organizations operating on multiple continents. Nearly a decade after an online user named Satoshi Nakamoto published a paper describing how “Bitcoin: A Peer-to-Peer Electronic Cash System” does not need to rely on trusted institutions, individual bitcoin mining is growing more difficult, while large enterprises have […]
Read moreFacebook is currently developing a “video chat device” designed for use in the home, according to a new report from Bloomberg. The product, which could be announced next spring, includes a large touchscreen, wide-angle camera, microphones, and speakers. In concept, this sounds very similar to the Echo Show that Amazon recently released to build out […]
Read moreCurrency, United States Finance
Brexit backers think leaving EU worth 'significant damage' to economy, poll finds
Voters who supported the United Kingdom‘s exit from the European Union seem adamant that they made the right decision last year. A recent YouGov poll found that 61 percent of people who voted to leave the EU said Brexit would be worth “significant damage to the British economy.” The poll comes as Prime Minister Theresa […]
Read moreAmazon‘s rapidly expanding influence on a wide portion of the American public has become impossible to ignore — and it is giving rise to a whole new side of the advertising industry. As more people live large portions of their lives in Amazon’s ecosystem, ad agencies are increasingly offering specialized services to help brands take […]
Read moreArtificial intelligence researchers in recent days have been speaking out against media reports that dramatize AI research that Facebook conducted. An academic paper that Facebook published in June describes a normal scientific experiment in which researchers got two artificial agents to negotiate with each other in chat messages after being shown conversations of humans negotiating. […]
Read moreGoldman Sachs Chief Financial Officer Marty Chavez said on Tuesday that the market for fixed income trading has not improved much since the second quarter. Chavez said on a call with fixed income investors that low volatility—which caused a slump in trading revenue for Goldman during the second quarter—had “essentially continued into this quarter.” Goldman […]
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