Apple shares are sitting in correction territory, down 10 percent from their March highs, but one technician says the tech giant is ripe for a breakout when it reports earnings after the bell on Tuesday. “Obviously things move on earnings, I’m going to bet that [Apple’s move] is going to be to the upside,” Carter […]
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Security experts have named “lone jihadi” attacks the biggest terror threat during the 2018 World Cup in Russia this summer. Sunni Islamist militants, particularly Russian jihadists returning from conflict zones, are the primary source of concern for Moscow, according to a report released Tuesday by Jane’s, the defense and security wing of IHS Markit. The […]
Read moreEthereum prices took a hit Tuesday after a report that regulators are exploring whether it and other cryptocurrencies should be treated like securities. Both U.S. commodities and securities watchdogs are questioning whether the same rules for stocks should apply to these digital currencies, The Wall Street Journal reported Tuesday. Until now, cryptocurrencies have not been […]
Read moreU.S. factory activity slowed for a second straight month in April, weighed down by shortages of skilled workers and rising capacity constraints, but strengthening global demand continues to support manufacturing. The Institute for Supply Management (ISM) survey published on Tuesday also showed a jump in the cost of raw materials, with prices for steel and […]
Read moreBritain is set to enforce greater transparency in tax havens after a minister for the U.K. government announced Tuesday it would not oppose a legal amendment proposed by a cross-party alliance of lawmakers. Some overseas British territories that are notorious for being tax havens for the world’s wealthiest, such as the Cayman Islands and the […]
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Bitcoin fell below $9,000 Tuesday, the first trading day of May. The cryptocurrency traded 3.9 percent lower around $8,880 as of 8:49 a.m. ET, according to CoinDesk’s bitcoin price index. The decline followed a gain of about 33.5 percent for April. There was no immediately apparent reason for bitcoin’s drop, which began overnight. Bitcoin has […]
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The United States is failing to keep up with Europe in regulating technology corporations like Facebook and Google, a congressman told CNBC on Monday. Rep. John Sarbanes, D-Maryland, said that he was concerned about the U.S.’s lack of tools for dealing with tech companies that fail to prevent the misuse of users’ data. Facebook has […]
Read moreAmazon is adding 2,000 jobs to its Boston tech hub in fields including cloud computing and speech science, the company announced Tuesday. Boston is one of the tech giant’s largest footholds and is a finalist to win the company’s second headquarters. Amazon has been paying visits to each of the 20 North American finalists. Amazon […]
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Iran’s fragile economic recovery is in jeopardy with President Donald Trump widely expected to scrap an internationally-brokered nuclear deal and re-impose sanctions against the regime. Trump has given the European nations that helped broker the 2015 nuclear deal — which he called “terrible” — until May 12 to change it, but that is looking increasingly […]
Read moreMore earnings reports from companies linked to Apple have resulted in further evidence that the technology giant could be winding down or stopping production of the iPhone X. Nasdaq-listed Cognex is the latest company to provide clues that Apple may be going down this path. It reported first quarter earnings on Monday that were up […]
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