Month: July 2018

The record services revenue is partly the result of a one-time line item totaling $236 million related to lawsuits, the company said. It also saw a boost from increased paid subscribers through the App Store, a 50 percent year-over-year increase in cloud revenue, and higher Apple Pay usage rates. “Apple Pay continues to expand with
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Archer Daniels Midland‘s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.–China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New York Stock Exchange. Operating profits
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Wall Street’s expectations for Twitter have been appropriately reset as evidenced by the recent nosedive in the company’s stock, according to Nomura Instinet, which upgraded shares to neutral from reduce on Tuesday. “Dealing with traffic and content quality on these platforms as well as protecting users’ privacy comes at a cost and is likely to
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Jack Guez | AFP | Getty Images Bitcoin is a borderless digital currency that eliminates the need for a bank. Therefore, understanding this concept hinges on conceiving financial transactions without banks. Perhaps less surprising is that predictions of bitcoin’s demise fail to account for technological factors. Bitcoin is, after all, technology, but you don’t have
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Euro area economic growth for the second quarter of this year is to be published on Tuesday morning, as well as the inflation rate. German retail sales and unemployment figures for June, as well as Italian economic growth and inflation for the second three months of the year, will also be released. Tuesday is also
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The global esports industry is on fire and, now, some investors are getting bullish on the industry. “No question this is changing the landscape for media companies and how people are participating in sports,” Tim Seymour, co-founder and managing partner at Triogem Asset Management, a hedge fund, said on “Fast Money” Monday. Last weekend, the
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If you think traditional and Roth individual retirement accounts are the same, think again. There are some big differences between these popular retirement savings plans. And what you don’t understand about the particular rules that apply can cost you, according to IRA expert Ed Slott, founder of Ed Slott & Co. With traditional IRAs, you
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Several Wall Street firms are cautioning their clients about the prospects for Twitter shares, saying the social media company’s stock will not outperform until user growth returns. On Friday the company posted slightly lower-than-expected second-quarter monthly active user (MAU) numbers. But the bigger disappointment was Twitter’s guidance for the third quarter, when it forecasts a
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