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Tag Archives: business news

Skyworks gives weak preliminary results, cites weakness across largest smartphone customers

Skyworks Solutions issued weak first quarter guidance Tuesday. The semiconductor company lowered revenue projections to $970 million from $1 billion to $1.02 billion. “First fiscal quarter results were impacted by unit weakness across our largest smartphone customers,” said Liam K. Griffin, president and chief executive officer of Skyworks, in a …

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Trump may have to make deal with China as markets fall

However, Dutt said the U.S. and China are unlikely to come to a comprehensive deal at the end of the 90-day truce, though there will likely be some sort of a smaller agreement. “They are negotiating over very complex and difficult issues — so this is not just about ‘I’ll …

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Rock Health investors says digital health is not quite in a bubble

Future venture capital funding for digital health largely rests on two factors: the health of the economy as a whole, and the dynamics driving investment in health care innovation. First, where the broader venture capital market goes, digital health will go. Digital health’s growth over the past five years mirrors …

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Slowdown fears rise as markets await Powell, jobs report

Investors are hoping a strong December jobs report and dovish words from the Federal Reserve chairman will ease rising concerns about an economic slowdown. The December employment report, released at 8:30 a.m. ET Friday, is expected to show 177,000 non-farm payrolls were added, after 155,000 in November, and an unchanged …

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Expect 2019 IPOs to price ‘well below’ expectations

Fred Wilson, a venture investor known for early bets on Twitter, Zynga and Coinbase, is predicting the high-profile IPOs expected in 2019 will price “well below the lofty expectations they have in mind right now.” Uber, Lyft and Airbnb are all preparing to go public this year — each at …

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Thousands march in Hong Kong against China ‘repression’

Thousands of demonstrators marched in Hong Kong on Tuesday to demand full democracy, fundamental rights, and even independence from China in the face of what many see as a marked clampdown by the Communist Party on local freedoms. Over the past year, countries such as the United States and Britain …

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Throngs to pack New York’s Times Square for a mild, rainy New Year’s Eve

Rain or shine, performers will try to light up the crowd. Bastille and New Kids On The Block will perform medleys of their hit songs on “Dick Clark’s New Year’s Rockin’ Eve,” and singer songwriter Bebe Rexha will perform John Lennon’s “Imagine” before the 60-second countdown to the midnight ball …

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Gas prices drop, but here’s why drivers shouldn’t get too used to them

Crude oil’s sharp fall in 2018 has helped put some extra money in consumers’ pockets, in the form of falling gas prices. According to AAA, nine states saw prices at the pump drop below $2 a gallon late this week, a gift for drivers this holiday season. Over the last …

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Is the buyback surge over? Don’t bet on it

Brendan McDermid | Reuters A trader works at his post on the floor of the New York Stock Exchange, December 19, 2018. The Wall Street Journal reports Apple has lost nearly $9 billion this year buying back its own stock. Apple is one of those buyback monsters that has spent …

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