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Microsoft views Amazon’s entry into new business areas as a great opportunity to steal cloud customers. During an appearance at Citi’s Global Technology Conference in New York on Thursday, Judson Althoff, the executive vice president heading up Microsoft’s worldwide commercial business group, pointed to trust as one reason that Microsoft’s public cloud is growing faster
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Consumers routinely pay hundreds of dollars (or $1000 at the top end) for smartphones with increasingly advanced photo capabilities. So is $48,000 for a digital camera asking too much? Sweden-based Hasselblad, the maker of luxury cameras that easily cost four figures, doesn’t believe so. The latest iteration of its multi-shot camera, called the H6D-400c MS,
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Robert Chapman believes Tesla shares are extremely overvalued and will drop precipitously. Chapman downplayed concerns over CEO Elon Musk’s erratic behavior, instead focused on the carmaker’s financials for his bearish view. “I actually don’t think you should short it on his [Musk] judgement. I think he is a fascinating businessman, probably the most incredible entrepreneur
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Tesla‘s now former chief accounting officer Dave Morton quit the company after concluding CEO Elon Musk wasn’t interested in accounting details around a potential take-private transaction, according to a person familiar with the matter who has spoken to Morton in recent days. Morton resigned September 4, according to a company filing released on Friday. Morton
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Broadcom on Thursday forecast current-quarter revenue largely above estimates on higher demand for components that power data centers, while the launch of Apple’s new iPhones is expected to bolster its wireless business. Shares of Broadcom rose 4 percent to $224.90 in extended trading after the chipmaker also reported third-quarter profit that topped analysts’ estimates. Revenue
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Piper Jaffray is optimistic over Apple’s upcoming lineup of iPhones. The firm reiterated its overweight rating for Apple shares, predicting the smartphone maker will sell more iPhones in its next fiscal year than the Street currently expects. Apple is widely-expected to announce new iPhones of varying sizes on Sept. 12. A broader spectrum of choices
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House Republicans are moving closer to introducing tax legislation that would make changes to savings accounts that Americans rely on for retirement, education and more. The House Ways and Means Committee on Thursday provided Republicans with an updated version of what will be included in so-called Tax Reform 2.0, which largely aims to make the
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Wall Street may be whirling about Facebook and Twitter’s brushes with Congress, but CNBC’s Jim Cramer doesn’t believe the hype. “I’ve got a sneaking suspicion that the so-called experts who bloviate about the death of advertising on the web don’t actually, you know, communicate on the web,” the “Mad Money” host said Thursday. Cramer argued
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Mainland Chinese buyers are expected to snap up an increasing amount of overseas real estate this year — even despite political resistance and sensitivity about such investments around the world. Chinese investments from infrastructure to property buying have been political hot potatoes during elections and beyond, with newly elected governments — such as Malaysia’s —
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When advising executives on managing their finances, more complex strategies are often employed because executive planning typically has more intricacies involved. One such executive strategy we often run into is net unrealized appreciation. Many executives are heavily concentrated in their company’s publicly traded stock: stock options, restricted units and even large portions of their 401(k).
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The Department of Justice is investigating a banking unit of Wells Fargo after the bank’s review found that employees’ altering of documents was a more pervasive practice than previously thought, according to The Wall Street Journal on Thursday. The government’s latest examination of potential fraud by Wells Fargo is focused on its wholesale banking unit,
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