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Top 100 Stories to Know for 17 Nov 2017 - United States

Targeting Those Telecom Payout Yields

Barron's - 11 Nov 2017 05:06
Targeting Those Telecom PayoutDespite battered share prices, telecoms still boast healthy dividend yields. How to sort through the sector.
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Always a pioneer in efficiencies, BBDO has found the perfect way to get employees to do their timesheets--by combining it with another crappy task. Check out Time$hits, the new initiative from BBDO... Canada that takes advantage of those 18 minutes of otherwise wasted time staffers spend in the loo each day. That's more than enough...
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MEXICO CITY
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Leonardo Da Vinci's SalvatorIt's not every day that one of Leonardo's masterpieces goes on the block - hence, its extraordinary price.
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U.S. Trade Back On Track To $4Thanks to the rising price of oil and increased Chinese imports, U.S. trade will go up for the first time since 2014 when annual figures are released early next year. It will be the second highest... total on record.
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Bitcoin Prices Could Reach $196,165.79

Forbes - 16 Nov 2017 03:35
Bitcoin Prices Could ReachThe average Bitcoin investor expects the digital currency to reach $196,165 per coin - roughly 30x the digital currency's current value--before selling it.
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The crypto coin offering thatThomson Reuters A lawsuit alleges that a cryptocurrency initiativethat raised $232 million misled participants The cyrpto project, called Tezos, raised money from people who believed they were... investors. But the funds were raised as non-refundable donations. A second lawsuit was filed this week against the organizers of cybercurrency technology project Tezos, an initiative that raised $232 million to issue a cryptocurrency that does not exist and fund development of a transaction system that has no clear end date. The class action lawsuit, filed in a U.S. District Court in Florida by Coral Springs-based law firm Silver Miller, alleges that Tezos' organizers broke U.S. securities laws and defrauded and misled participants in the online fundraiser, according to court documents. Many who put...
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China may have peaked -- and the world should prepare

Business Insider - 14 Nov 2017 00:48
China may have peaked -- andReuters/Jonathan Ernst As President Trump travels through Asia this week trying to rally support against North Korea, we are missing what is an even greater challenge, something that could very well... change the very nature of international politics as we perceive it. In fact, Asia’s greatest challenge today is not a nuclear Pyongyang armed with missiles that can hit most parts of the planet, but something far more complex: a People’s Republic of China that is out of space to grow economically, and has in fact peaked. The ramifications of this fact could be profound, and indeed reorder our thinking of global politics not just in the Asia-Pacific, but on a global scale. To be fair, a few years ago, I would have argued that anyone who uttered such a phrase was completely nuts. I would...
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Read This Before You Buy AGetting things in writing may save heartache down the road.
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Will Traditional Auto MakersGlobal auto makers are rapidly innovating and restructuring legacy operations.
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Russia remains unfazed by US oil sanctions

Business Insider - 11 Nov 2017 06:25
Russia remains unfazed by USReuters Russian oil companies have overcome US sanctions by finding new partners in Asia and taking use of their free cash flow. Oil companies have been primarily interested in shallow water, while... most geologists say that the sweetest spots for oil is found in deep water. A Russo-Italian consortium will put US sanctions to test in December, when it starts exploration drilling in the Russian Black Sea sector. Western energy sanctions vis-à-vis Russia have become a steady phenomenon of the global oil and gas market. Most Russian oil companies don’t expect sanctions to be scrapped anytime soon—an assessment espoused by the political elites of the country, too. The sides even seem to have resigned their minds to the current frosty relations. The Russian economy has swung back to growth...
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Bitcoin Cash Surpasses $1,000What is next for Bitcoin Cash after breaking through $1,000?
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Buzzfeed's revenue to fall $70M short of target

New York Post - 17 Nov 2017 05:03
Buzzfeed's revenue to fallBuzzFeed's expected IPO is now expected to be MIA. The 11-year-old digital publisher once famous for lightweight "listicles" will likely push back plans to go public next year, as it has fallen... heavily behind projected revenue growth, according to a report on Thursday. Revenue in 2017 is expected to come in $70 million short of...
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Russia will never break its dependence on oil

Business Insider - 17 Nov 2017 04:00
Russia will never break itsREUTERS/Sergei Karpukhin Russia's economy is in clear need of diversification as it climbs out of a recession Wages and consumer spending are on the rise, but high oil prices will tempt the country to... place more emphasis on oil. Despite improving oil prices, Russia’s economic growth is slowing, with GDP rise for the third quarter at 1.8 percent on an annual basis, versus 2.5 percent for the second quarter, Russia’s state statistical bureau, Rosstat, said earlier this week. Analysts say it’s the latest indication that Russia’s economy needs major reforms. Let’s state the obvious: Russia needs an economy overhaul that will reduce the contribution of oil to its budget revenues. This overhaul is something that the central bank governor Elvira Nabiulina put a price tag on last year,...
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Bitcoin bursts through $8,000

Business Insider - 17 Nov 2017 03:47
Bitcoin bursts through $8,000NASA Bitcoin pushed past $8,000. Pricesrebounded after it fell as low as $5,600 over the weekend. The surge comes amid more regulatory developments in the cryptocurrency market. Bitcoin (BTC) demand... is ramping up to end the week, with the world’s biggest cryptocurrency pushing through $8,000 on major trading exchanges. Here are this week’s moves in BTC on the Bitfinex exchange, via Investing.com: Investing.com Prices have steadily rebounded after demand for offshoot bitcoin cash (BCH) skyrocketed over the weekend, which sent BTC falling as low as $5,600. Since then though, the BTC juggernaut has rolled on while BCH continues to decline from recent highs. The latest BTC surge comes amid further regulatory developments in the cryptocurrency market. Overnight, the CEO of the Chicago...
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Goldman Sachs want to helpYouTube/Marcus by Goldman Sachs Goldman Sachs is revamping GS Bank, its online retail banking service. GS Bank will be rebranded as "Marcus by Goldman Sachs," and offer a new mobile experience for... users, according to an email sent out to customers by the US Bank. Goldman Sachs isrevamping GS Bank, its retail online bank aimed at Main Street. The US banksent an email to customersof GS Bank Thursday, saying thebank was rebranding the serviceto "Marcus by Goldman," was improving the "mobile experience," and would soon roll out tools to "improve your financial wellness." The bank is also rolling out a chat function where users can communicate with "savings specialists." "Our brand name change and website enhancements will be ready in December," the bank wrote in the email alert. "For now,...
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A breakdown of iPhone manufacturing costs over time

Business Insider - 17 Nov 2017 02:36
A breakdown of iPhoneThe iPhone X is the most expensive mobile phone on the market. It is a fact that consumers have largely gotten used to, and many early buyers now acquiescethat the high price is worth it. During... Apple's Q4 earnings call, CEO Tim Cook commented on the price point, saying: "We’re not trying to charge the highest price we could get or anything like that. We’re just trying to price it for what we’re delivering." As we can see in this chart from Statista, Cook was not lying. While the X does have a 64% gross profit margin, it is the priciest phone the company has ever made. According to 9to5Mac, the most expensive part of the iPhone X is the OLED screen. It costs Apple $65.50 to make, almost thirty dollars more than the LCD screen on the iPhone 8. It's important to note that these...
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In Just 9 Words Elon MuskWhether you like Musk or not, there is no denying his perfect vision statement.
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Yes, You Can Make Office Politics Less Toxic

Harvard Business Review - 16 Nov 2017 15:05
Here’s how to avoid dysfunction and maintain integrity.
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Why India's Bitcoin Scene IsAt a banking event, RBI executive director Ganesh Kumar said that the organization won't be using bitcoins anytime soon. This isn't the first time the RBI has expressed its discomfort about... cryptocurrency in India. But it's not holding back Indians from exploring the technology.
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Russia's central bank justShutterstock "Hopefully, ICO[s] will take a rightful place on Russia’s financial market," a senior Russian central bank official reportedly said. The non-regulatory Bank of Russia published a stern... warning about ICOs in September. Shvetsov's remarks come weeks after Russian president Vladimir Putin issued several official orders related to cryptocurrencies, including one that mandated the creation of new rules around ICOs. A senior official at Russia's central bank said earlier today that he believes initial coin offerings (ICOs) could drive funding opportunities for startups. According to the state-owned news service TASS,Bank of Russia first deputy chairman Sergei Shvetsov said that the central bank would "support the development" of the blockchain funding model. It's a notable...
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Is the stock market starting to show signs of strain, after a mostly unceasing climb into the ionosphere?
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Papa John's flips the bird toCommercials TV/YouTube Papa John's sought to distance itself from the far-right movement after its controversial response to national anthem protests from several NFL players. Papa John's flipped a... bird to neo-Nazis in a message on Twitter on Tuesday night, while promising to "work with players and the league to find a positive way forward." CEO John Schnatter complained about NFL players' national anthem demonstrations on an earnings call earlier this month, and seemed to blame a decline in Papa John's sales on the fallout from those protests. Papa John's sought to distance itself from the political far-right movement that has associated itself with the pizza chain, following controversial remarks from CEO John Schnatter, who previously railed against NFL players' national-anthem...
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A Nigerian man has been sentenced to seven years in federal prison for his role in the bilking of over $11 million via an identity-theft scheme from the Internal Revenue …
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War between Iran and SaudiNabil al-Jurani/AP Tensions between rivals Saudi Arabia and Iran are at all-time highs. War between the two OPEC nations could push oil prices well past the already unsustainable$60. A fire erupted at... an oil pipeline connecting Bahrain and Saudi Arabia, and the two Arab allies are pointing the finger at Tehran. Iranian officials denied any involvement, but the incident is the latest in a series of events that are intensifying conflict between the Middle Eastern rivals. The oil pipeline resumed operations in a matter of hours, but the war of words is heating up. Bahrain’s Foreign Minister Khalid Al-Khalifa said on Twitter that the “attempt to bomb the Saudi-Bahraini oil pipeline is a dangerous Iranian escalation that aims to scare citizens and hurt the global oil industry.” A...
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