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Theranos' Founder Owes Her Company $25 Million
Thursday, April 6, 2017 - 10:48am | 403Elizabeth Holmes, the founder of Theranos, owes her own company $25 million. This may be an issue since her net worth as of June of 2016 plummeted from $5 billion to zero. The Wall Street Journal reported Wednesday Holmes owes her failed blood testing company millions of dollars. The debt comes...
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Apple Watch Setting Sales Records, According To Tim Cook
Tuesday, December 6, 2016 - 10:34am | 444Only a day after IDC issued some sour comments concerning the Apple Inc. (NASDAQ: AAPL)'s Apple Watch, the company's CEO Tim Cook scrambled to quell anxieties. Apple Watch sales hit a record in the first week of holiday shopping, according to a Reuters report that quoted Cook. Cook Upbeat On...
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Investment Group Asks SEC To Investigate T-Mobile's Questionable Accounting Practices
Wednesday, November 23, 2016 - 4:06pm | 379A formal letter of complaint from CtW Investment Group has been sent to the SEC on Wednesday, asking regulators to investigate further into the company’s accounting practices. CtW maintains that T-Mobile US Inc (NASDAQ: TMUS) overstated GAAP earnings by around $122 million from the fourth...
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Fear Of Commitment? Millennials Prefer To Lease Over Buying Their Cars
Thursday, September 29, 2016 - 2:50pm | 356Millennials are a stereotyped demographic. They have been said to have a fear of ownership when it comes to large-scale purchases, from home buying to car buying. Certainly, it appears this group has a fear of commitment. Automakers have long worried that millennials were not interested in car...
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S&P 500 Technical Bear Trap Rekindles Debate Over The Validity Of Chart Patterns
Monday, June 13, 2016 - 10:18am | 338A recent failed head and shoulders technical pattern in the S&P 500 has once again raised the age-old debate about whether technical chart patterns are actually useful to traders. MarketWatch reported the bearish head and shoulders pattern that the S&P 500 formed from March to May was...
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Starbucks' Cards Hold More Cash Than Some Banks Hold In Deposits
Thursday, June 9, 2016 - 3:49pm | 329If you think people go to Starbucks Corporation (NASDAQ: SBUX) just to throw a few dollars down for a cup of joe, than you have the culture surrounding the grounds giant greatly mistaken. A report on Marketwatch said customers of the coffee giant have loaded more than a billion dollars onto their...
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Once Again, You're Better Off Letting A Monkey Pick Your Portfolio Than Investing In A Hedge Fund In 2016
Friday, June 3, 2016 - 9:48am | 415Unfortunately for hedge fund investors, stories like this one have gotten fairly commonplace. The latest data from Wall Street hedge funds indicates fund investors would have been better off letting monkeys pick their stock portfolio. According to the HFRX Global Hedge Fund Index, the average...
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Tiki Barber Talks About His Biggest Financial Blunder And Why He Started Thuzio
Thursday, May 26, 2016 - 2:38pm | 339Tiki Barber is a former three-time Pro Bowl NFL pro who retired from the game as the New York Giants' all-time rushing and reception leader in 2006. What Is Thuzio? Barber went on to co-found Thuzio, a company that provides businesses and professionals with an "all access pass to celebrity talent...
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Why A Bayer-Monsanto Merger Would Be Dangerous For Producers And Consumers
Tuesday, May 24, 2016 - 4:14pm | 573On Tuesday, Monsanto Company (NYSE: MON) rejected Bayer AG (ADR)(OTC: BAYRY)’s $62 billion acquisition offer, arguing that it was "incomplete and financially inadequate." However, the former assured it is open to continued discussions regarding the terms of a buyout with the German...
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U.S. Economy: Will April Showers Bring May Flowers?
Monday, May 16, 2016 - 1:57pm | 313U.S. retail sales posted a 1.3 percent gain in April, their largest leap in more than a year. But, do the latest retail numbers mean that fear of a U.S. recession and/or a major stock market pullback is no longer in play? “This is clear evidence that consumer spending is alive and well,...
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Airbnb Under Fire For Allowing 'Illegal' Listings On Disputed Land Controlled By Israel
Thursday, May 12, 2016 - 2:22pm | 300Airbnb recently came under fire at TechCrunch's Disrupt competition, where a protester from CodePink held up a banner that read "Airbnb hosts apartheid [emphasis omitted]." Airbnb has allowed users to list properties on land that Israel occupied and displaced Palestinians. Critics have blasted the...
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How Overpriced Is Gold Right Now?
Tuesday, April 19, 2016 - 12:30pm | 350Gold for June delivery rose 1.73 percent to $1,256.40 an ounce on failed Doha deal that would have cut the output at January levels. Investors are flocking to the gold due to its safe-haven status. Is gold valued more than its worth? According to a study by Campbell Harvey and Claude Erb, the...
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Rolfe: Berkshire Still Better Bet Than Small Caps
Wednesday, March 9, 2016 - 9:12am | 312David Rolfe, chief investment officer of Wedgewood Partners, recently provided an update on a 10-year market bet he made with Marketwatch columnist Nicholas Vardy about two years ago. The bet was that, over a 10-year stretch starting last March, Berkshire Hathaway Inc. (NYSE: BRK-B)’s stock...
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Coffee Prices 50% Off Peak Made In 2011 And Mid-'90s; What's It Mean For Coffee Retailers?
Friday, March 4, 2016 - 1:17pm | 652Coffee prices and coffee retailers appear to have an inverse correlation, and a strong one at that, according to Bloomberg. Commodity-dependent retailers like Starbucks Corporation (NASDAQ: SBUX) and Keurig Green Mountain Inc (NASDAQ: GMCR) have enjoyed low coffee prices because, as explained...
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iPhone Sales Slowed, So Now What?
Thursday, January 28, 2016 - 9:09am | 475Over the past 24 hours, Apple Inc. (NASDAQ: AAPL)'s share price has fallen more than 6 percent as investors digested the company's lackluster fourth quarter results. While the company's cash coffer remains impressive, iPhone sales grew very little, sparking a hot debate as to...