Month: January 2021

Portland, Oregon protest. (Photo by Nathan Howard/Getty Images) Getty Images How long does it take for a city to die? Downtowns across the country have emptied due to the pandemic, causing many stores and restaurants to close. Suburbs are doing much better, in many cases hardly touched by the recession. But in Portland, Oregon, continued
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Apple delivered its largest quarter by revenue of all time on Wednesday at $111.4 billion in its first-quarter earnings report for fiscal 2021. It’s the first time Apple crossed the symbolic $100 billion mark in a single quarter, and sales were up 21% year over year.   Apple stock dropped 2% in extended trading. Apple’s results for the quarter ending in December weren’t just driven by 5G
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The wild trading involving GameStop shares presents a broader threat to the U.S. equity market, the chief securities regulator in Massachusetts told CNBC on Wednesday. “The marketplace should be a place where risk is taken, but not reckless risk and not a situation that undermines the system, and that’s what we’re looking at here,” Massachusetts
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Signage stands in a GameStop Corp. store in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images It’s the stock rally no one quite predicted. In recent years, GameStop, a video game retailer, has been shrinking its retail presence by closing hundreds of stores. Yet this week, its stock popped dramatically. On Wednesday, GameStop shares
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Facebook stock remained relatively flat in after-hours trading on Wednesday after the company reported its fourth-quarter earnings. The company warned the looming changes in Apple’s iOS 14 and a reversal in pandemic trends could hurt its advertising business. Here are the numbers: Earnings: $3.88 per share vs $3.22 per share forecast by Refinitiv Revenue: $28.07 billion vs $26.44
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Bill Gates was “very surprised” when he and Dr. Anthony Fauci became the targets of “crazy” and “evil” conspiracy theories related to the ongoing coronavirus pandemic, Gates told Reuters on Wednesday. The billionaire Microsoft co-founder and White House advisor Fauci, the nation’s top infectious diseases expert, have been frequent targets for baseless coronavirus conspiracy theories,
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