Apple’s cash pile swelled again this quarter, hitting a record $261.5 billion, compared with $256.8 billion last quarter. That’s up 13 percent year over year. To put it in context: If all of that money could be put to work today, it would be enough to buy Oracle outright and still have $54 billion left
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Bitcoin traded slightly lower Tuesday morning as digital currency miners officially completed the process to split the currency in two, according to Bitcoin Magazine. Futures for the new “bitcoin cash,” an alternative version promoted by a minority of developers, briefly jumped 48 percent to $422, before giving back much of those gains to trade near
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“It’s what I’d call a lame-duck quarter,” Nehal Chokshi, an analyst at Maxim Group, told CNBC’s “Squawk Box” on Monday. “It doesn’t really matter what they say or do. And this is because everybody knows that the June quarter results, you know — we’re at the end of the product cycle. And everybody gives them
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Alan Greenspan, the former Federal Reserve chairman who has a knack for saying memorable things about the markets, is warning of a bond bubble. “By any measure, real long-term interest rates are much too low and therefore unsustainable,” Greenspan told Bloomberg News in an interview. “When they move higher they are likely to move reasonably
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Before Tesla cultivated a year-long waiting list for its fully electric Model 3 sedan, “pure electric” vehicles — cars that run entirely on electricity, as opposed to hybrid cars — seemed like something of a niche market. Electric-only cars make up just 0.5 percent of total U.S. vehicle sales, according to Jessica Caldwell, senior analyst
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Sprint on Tuesday swung to a quarterly profit for the first time in three years and its chief executive said an announcement on merger talks should come in the “near future,” sending shares in the No. 4 U.S. wireless carrier up more than 6 percent. Sprint, majority owned by Japan’s SoftBank, is exploring options including
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But for a person going through a temporary hard time or in a chemical withdrawal period or on a new medicine, the desire may be short-lived. Making it hard for them to physically act may buy time for a change in the circumstances that led to the desire. Things change, and when they do, that
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Pfizer reported quarterly revenue on Tuesday that missed Wall Street estimates, driven by lower demand for its rheumatoid arthritis treatment Enbrel and pneumonia vaccine Prevnar. Sales of Enbrel, which Pfizer sells outside the United States and Canada, tumbled about 19.5 percent to $617 million on competition from biosimilars. Prevnar sales declined 8.2 percent to $1.15
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When it comes to your financial stability, planning ahead is essential. A home-equity line of credit can give you an added level of financial security for the future and is best considered while you’re in a healthy financial position. Having an open line of credit on your house can be a valuable tool. It serves
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In a stock market with possible winners everywhere, Jim Cramer likes to highlight its unsung heroes. On Monday, he chose Baxter International, Becton Dickinson and Boston Scientific, crowning them “the killer B’s.” “Why call them ‘the killer B’s,’ aside from the obvious? Because these guys simply refuse to stop going higher. Their stocks almost never
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With Washington lawmakers still at odds over health care and tax reform and unpredictable agents like North Korea seemingly gaining power, it can be tough for Jim Cramer to stay bullish. “It’s really hard to stay positive about this market in the face of conventional wisdom that is so darned negative,” the “Mad Money” host
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The way OregonSaves is constructed involves a payroll deduction that is allowed under ERISA and comes with no fiduciary requirements imposed on the employer. And although the Obama administration had created a provision to protect these programs from legal challenges, that carve-out was removed in May by congressional lawmakers. Supporters think the concerns are overblown.
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Stock market adrenaline junkies are in luck. Several companies reporting earnings over the next two weeks are expected to see big moves on their results. Among large companies, the ones expected to see the largest pops or drops are Groupon, Weight Watchers, Yelp, Twilio and Snap, according to MKM Partners derivatives strategist Jim Strugger. “If
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“It’s very clear to us that the government has suffered a defeat today,” said Julio Borges, president of the opposition-controlled but largely powerless National Assembly. “This vote brings us closer to the government leaving power.” Opposition leader Henrique Capriles urged Venezuelans to protest again Monday. Maduro called the vote for a constitutional assembly in May
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