Archive for December 21st, 2017

Apple admitted Wednesday that it has been throttling the battery power of older iPhone models.

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The Dow is on track to post its ninth straight monthly gain, matching a streak last seen nearly 59 years ago.

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<p>Analysis by a leading Washington thinktank, the Center for American Progress (CAP), finds that changes to business rules will save Trump roughly $11 million to $15 million per year, while an amendment to the estate tax – the tax on the transfer of an estate of a deceased person – would potentially save his heirs $4.5 million.</p>

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2018 is the year to watch out for risks involving Bitcoin, initial coin offerings, and "cryptocurrency contracts for difference."

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Very early in the morning of November 5, 1956, the 668 men of the 3rdBattalion of the British 16th Independent Parachute Brigade, the famed Red Devils, boarded their Hastings and Valetta transport planes in Nicosia, Cyprus. They were bound for the El Gamil airfield, a narrow strip of land about three miles west of the Egyptian city of Port Said. Their objective was to secure the airbase, destroy a bridge west of the field, and then push toward the city linking up with RM Commandos in order to clear enemy forces in preparation for larger amphibious landings the next day.
The Red Devils were…

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No one wants to be the skunk at the garden party. Nevertheless, it must be said: The decision by large companies like AT&T, Boeing and Comcast to provide employee bonuses as a form of tribute in return for tax cuts and other government favors is an example of crony capitalism at its worst, not market capitalism at its best.
AT&T, facing a Department of Justice suit aimed at blocking its $84.5 billion purchase of Time Warner, greeted the corporate tax cut with an immediate promise to provide a $1,000 bonus to each of its 200,000 employees, and $1 billion in capital expenditures. For all…

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Here we are in the home stretch of my 15 Surprises for 2018. Here are Surprises Nos. 11 through 15 (click here or here for the previous surprises.)
Surprise #11: Company Share Buybacks Drop Dramatically
Contrary to the consensus, slowing domestic economic growth, rising interest rates, contracting corporate profit margins, disappointing S&P profit growth and political uncertainty weigh on buybacks, which plummet to a three-year low despite the tax bill’s cash repatriation provision and a sharp drop in the corporate tax rate.
Surprise #12: European Bonds Sour
The European Central Bank (ECB)…

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The U.S. Securities and Exchange Commission has charged a Florida-based group of unregistered investment companies and its owner for allegedly operating a $1.2 billion Ponzi scheme that targeted seniors among other investors, the agency said on Thursday.

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Private-equity firms that plunged headlong into subprime auto lending are discovering just how hard it might be to get out.

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Subway on Facebook Subway's US store count dropped by 909 locations in 2017. The 900-plus store closures could just be the beginning of a closure crisis at the chain, as franchisees petition against a new…

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Northeast and California homeowners may miss out on price appreciation because of the bill's harsh treatment

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Saudi Arabia is hunting for an energy deal in American shale country, as economic upheaval pushes it to seek its first international oil-and-gas production investments.

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