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Business News

Location American Business News for 10 September 2017

Apple's Trillion Dollar iPhone

Wall Street Journal - 10 Sep 2017 18:00
Apple's market value has surged in anticipation of a strong cycle, which makes further upside more challenging.
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Elegy for the Sunshine State

The New Yorker - 10 Sep 2017 23:10
As Hurricane Irma arrives in Florida, Dexter Filkins writes about the state's natural beauty, rampant overdevelopment, and environmental problems.
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Brigade Capital duped by Craig Carton's alleged Ponzi scheme You have to figure it's tough for hedgies to make a profit. Perhaps the most surprising aspect of the news that sports radio host Craig Carton was allegedly running a ticket-selling Ponzi scheme is that he reportedly dup...
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I'm Not Here to Get Back Together

The New Yorker - 10 Sep 2017 17:00
Olivia de Recat writes a humorous plea from one ex-lover to another insisting that she does not want to reunite, but giving mixed messages.
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Vevo is set to pull in nearly $200 million in upfront ad deals this year -- thanks in part to Taylor Swift Vevo – the so-called Hulu for music videos – is seeing a surge in audience, thanks to artists like Taylor Swift. Since embracing a TV-like selling model, Vevo has locked in nearly $200 million in upfront ad buys this...
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China looks at ending sales of gasoline cars

Miami Herald - 10 Sep 2017 08:37
China is joining France and Britain in announcing plans to end sales of gasoline and diesel cars. China's industry ministry is developing a timetable to end production and sale of …
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This 'liquid millionaire' always keeps his cash handy

New York Post - 10 Sep 2017 06:53
This 'liquid millionaire' always keeps his cash handy Lee Munson admits he has a cash problem. The 41-year-old is a "liquid millionaire" by his own account, with a net worth of around $2.5 million, almost all of that invested in stocks. As chief investment officer of Portfo...
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Crypto Markets Suffer Weakness As Regulatory Uncertainty Worsens Does regulation represent a legitimate threat to cryptocurrencies?
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There's an Old Rumor That Warren Buffett Dislikes Tech Stocks, and It's Not True If you look at their sector allocation over the last fourteen years, they are actually increasing their allocation in information technology companies.
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My 48-Hour Existential Ordeal With MoviePass The movie ticket subscription service is a textbook study in customer alienation.
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Cortana vs. Elo -- The computers have made their picks for Week 1 of the NFL Maddie Meyer/Getty The NFL season is back and it is time to make picks and everybody could always use a little help. Below we take a look at two popular systems used to pick NFL games — Cortana, Microsoft's digital ass...
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These homeowners made six-figure profits when they cashed out.
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80% of donations happen in the days immediately following a disaster.
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Lloyd Blankfein thinks the markets are too high

Business Insider - 10 Sep 2017 18:58
Lloyd Blankfein thinks the markets are too high Analysts and commentators are often derided for saying that stocks are overpriced and due for a correction. Behavioral economics, the fad at the moment, holds that making predictions is like throwing darts at a dartboard...
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Axovant Sciences David Hung wants to do things differently at his new company. Hung's the CEO of Axovant, a company that has a shot tolaunch the first new Alzheimer's drug in 15 years. Before joining the company in April...
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SURVEY: The majority of CoinDesk readers think there's a bubble in cryptocurrencies CoinDesk The explosive growth of the cryptocurrency market even has readers of blockchain news siteCoinDeskthinking there is a bubble in the $164 billion market. Since the beginning of the year, the market cap for digita...
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ROBERT SHILLER: Bitcoin is the 'best example right now' of a bubble Wendy Carlson/Getty Images Robert Shiller, the Nobel-winning author who predicted the two biggest speculative marketsin recent history, is repeating that bitcoin is in a bubble. The cryptocurrency is "the best example ri...
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Even Great Managers Tend To Make These 4 Innovation Mistakes You need to treat innovation differently than operations
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Bell Pottinger's Middle East arm seeks split as collapse looms The division's head says "nothing official had been said" about reports the firm will collapse.
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Warren Buffett wins $1M bet made with hedgie a decade ago The Oracle of Omaha once again has proven that Wall Street's pricey investments are often a lousy deal. Warren Buffett made a $1 million bet at end of 2007 with hedge fund manager Ted Seides of Protégé Partners. Buffet...
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Single mothers are overrepresented at for-profit colleges, new study finds.
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UBS: Technologies like blockchain are IBM's 'best hope for recovery' (IBM) AP/Google Blockchain may be IBM's saving grace. That's the thesis of a research note by a trio of analysts at UBS, theSwitzerland-based bank,out Tuesday morning. IBM, the New York-based technology company, has witnessed ...
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