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America's 4,300 public companies publish financial statements every three months under a rule from the Securities and Exchange Commission (SEC) that dates back to 1970. private. "She said, two times a year reporting, not quarterly". "One of the inherent issues with quarterly reporting is that it does tend to drive management to make decisions geared toward short-term metrics, which is not always in everyone's best interest".
  • Oil Prices Slide As China Imposes 25 Tariff On U.S

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    Washington has long criticized China's trade surplus with the United States and has demanded Beijing cut it. A spokeswoman for the U.S. Trade Representative's office could not immediately be reached for comment on China's retaliation announcement or whether this would trigger Trump's next round of threatened tariffs on $200 billion worth of Chinese goods.
  • Facebook asks US banks for financial info to boost user engagement

    Facebook asks US banks for financial info to boost user engagement

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    Far less trusted Facebook, probably because it is in the business of marketing personal information to others, and more recent surveys have indicated user trust in the company has taken a nosedive . "We haven't shared any customer information or data with Facebook or any other technology platform", Dana Ripley, a spokesman for US Bancorp, said in an emailed statement.
  • Elon Musk says he's considering taking Tesla private

    Elon Musk says he's considering taking Tesla private

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    Some outlets are questioning whether or not the tweet came from Musk himself, but considering how Tesla's stock price reacted to the tweet (at the time of writing, it's up nearly $20 per share over its opening price), it could be just another way to keep burning the folks shorting Tesla stock, who have been the target of many Musk tweets in the past.
  • Honey, I shrunk US$1 trillion Apple's profit margins

    Honey, I shrunk US$1 trillion Apple's profit margins

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    Apple's services division alone is on pace to generate about $35 billion in revenue this fiscal year - more than all but a few dozen US companies churn out annually. 1990s: Competitive pressure from lower-priced personal computers from Microsoft running on Windows software, and some failed products, puts a financial squeeze on Apple , which cuts staff and changes top executives.
  • Sales tax 'holiday' weekend approaches

    Sales tax 'holiday' weekend approaches

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    That's because shoppers went shopping over the weekend in droves. Not everything you may want to purchase though will be exempted from sales tax, but most clothing , footwear, school supplies , and backpacks (under $100) will be tax-free.
  • Apple becomes first $1 trillion company

    Apple becomes first $1 trillion company

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    The company's share jumped by more than 8% this week after it reported impressive quarterly earnings on Tuesday, driven largely by increase in sales of iPhones. The milestone reinforces the massive power Apple has in the tech world - and with its momentum, the company is poised to further shake up Hollywood with an expected video-subscription launch some time later this year.
  • Facebook is sued after stock plunge 'shocked' market

    Facebook is sued after stock plunge 'shocked' market

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    In midday trading Thursday, the company's market value (the number of outstanding shares multiplied by the value of a single stock), fell by more than $122 billion. More likely, though, market buzzards are holding off because of how quickly some analysts are turning on the company. What's more, Zuckerberg warned that the company would continue to make investments going forward, not only in safety and security measures to prevent things like the Russian disinformation campaign seen in the ...
  • Trump is right to check Germany on trade

    Trump is right to check Germany on trade

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    Trump's progress with European Union leaders was greeted by farm-state lawmakers who have been concerned about the impact of retaliatory tariffs on soybeans and other crops. In announcing the farmer assistance program, USDA secretary Sonny Perdue sent a signal that the Trump administration is willing to help US industries hurt in the trade war .
  • European Union prepares retaliatory tariffs on $20 billion of US goods

    European Union prepares retaliatory tariffs on $20 billion of US goods

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    Trump tomorrow is to meet with European Commission president Jean-Claude Juncker, who will try to dissuade the US president from escalating the trans-Atlantic trade conflict. Republican Senator Ben Sasse , a frequent Trump critic, said the president's trade policies recalled a past of perilous economic instability. "I don't want us to have yet another one".
  • China Building a Free Trade Network

    China Building a Free Trade Network

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    Its complaint to the organization, which oversees global trade rules, comes less than one week after the US government proposed 10 percent tariffs on a $200 billion list of Chinese goods, to take effect in September at the earliest. However, Nikkel reported that the Eastern nation will tariff 25 percent of energy commodities such as crude oil. The WTO faces collapse after the United States told the organisation last week that the "reckoning" over China's unfair trade policies is urgent and ...
  • Pound slumps on inflation figures

    Pound slumps on inflation figures

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    Analysts' expectations had been for inflation's Consumer Prices Index 12-month rate to have risen to 2.6 per cent last month. "The economic data from the United Kingdom economy continues to be confusing and may lead markets to doubt the expected interest rate rise at the start of next month".
  • British PM Theresa May faces down revolt over Brexit trade bill

    British PM Theresa May faces down revolt over Brexit trade bill

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    She said Labour was in an "even greater mess" than the Conservatives, with the 'old Trotskyists in charge. "Problem is, I don't think she's in charge any more". This week's votes "showed that the hard Brexit Conservatives have the numbers to sway the government's Brexit strategy, in contrast to the Rebel Remainers who have lost or withdrawan some of their key amendments".
  • Murdoch's Fox beats Comcast with agreed $32.5 billion bid for Sky

    Murdoch's Fox beats Comcast with agreed $32.5 billion bid for Sky

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    Hong Kong-based hedge fund Case Equity Partners, a Sky investor, said the fact Disney was in a slightly more favourable position for Fox's USA media assets meant Comcast would fight even harder to get Sky. Sky's shares were trading 3% higher as investors were betting on a higher bid from Fox to see off Comcast's competition. RBC Capital Markets analyst Steven Cahall issued a report today noting that, with the bid for Sky, Comcast may be choosing sides as the cable giant simply can't afford ...
  • Prime minister faces critical moment as David Davis quits

    Prime minister faces critical moment as David Davis quits

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    Another two Conservative MPs have just resigned from their roles over Theresa May's plans for Brexit . "I get along with her very well, I have a very good relationship", he said. Pro-Europeans want to retain close economic ties with the bloc and its market of 500 million people, while some Brexit supporters want a clean break to make it possible to strike new trade deals around the world.
  • Six boys exit the cave, says senior official

    Six boys exit the cave, says senior official

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    Chiang Rai's Governor Narongsak Osotthanakorn announced that no further action would be taken until the Thailand rescue team ensured everyone that all conditions were stable for a second wave of evacuations. Narongsak Osatanakorn, who is overseeing the mission. Falling oxygen levels, and with numerous boys not able to swim well, present further risks should they panic as they are guided slowly through the pitch-black waters.