Apple 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 […]
Read moreAs the most valuable American company by market capitalization, Apple‘s financial results are an event that often has markets on edge. But as expectations for the next iPhone overshadow spring sales, the top and bottom line may not top of mind for many on Wall Street. Luckily, Tuesday night’s report promises a wealth of data […]
Read moreDow transports and Dow industrials diverged in July: here’s what it means. While transports fell 4 percent last month, the Dow industrials rose almost 3 percent. This divergence is notable since transports had just hit new highs. But across the board, airlines, railroads, truckers and logistics firms declined. What’s going on? You can only stretch […]
Read moreApple needs to increase its market share in China, but it shouldn’t have bowed to the country’s smartphone demands to do so. By removingVPN applications from the iTunes App Store in China earlier this week, it helps the government stifle its residents’ access to internet content it deems inappropriate, including news from around the world. […]
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