Business Buzz

A collection of the latest articles to help you spot business news, trends, and tools. Curated by DKE Inc. Comprehensive Wealth Counsel.

By Michael Hartley CFP®

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China
Chinese state media urges retribution after UBS economist's 'insult'
Reuters India - by Ryan Woo
BEIJING (Reuters) - Those who insult Chinese people should pay the price in order to deter would-be offenders from following suit, Chinese state media said in a sharply worded commentary, after remarks
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Broadcom
Broadcom's $2 billion warning rattles global chip sector
Reuters - by Helen Reid in London
LONDON/BENGALURU (Reuters) - Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies
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Huawei
Huawei Has 56,492 Patents and It's Not Afraid to Use Them
Bloomberg - Susan Decker
As Huawei Technologies Co. comes under unrelenting pressure from the Trump administration, the Chinese telecom giant has one advantage that the U.S. …
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Tech Industry
Why Apple Will Keep Most iPhone Production in China Despite Tariff Threat
Fortune - Don Reisinger
Earlier this week, Apple’s biggest manufacturing contractor said that it could move iPhone production from China so that Apple could avoid any …
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Tesla
Tesla loses key Autopilot engineer to self-driving truck start-up Embark
CNBC - Lora Kolodny
Zeljko Popovic, a leader within Tesla's Autopilot team, is leaving for Embark, the autonomous trucking start-up in San Francisco, according to a …
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Technology
Target is now offering same-day delivery directly through its website
The Verge - Andrew Liptak
Target announced today that US customers — with some geographic exceptions — can now select same-day delivery for orders placed directly through its website that total more than $35 for a flat fee of or
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Technology
Slack to Be Valued Around $17 Billion in IPO Next Week
Fortune - Sonali Basak
Slack Technologies Inc. is expected to be valued by investors at $16 billion to $17 billion when it lists its shares publicly next week, according to …
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Fiat Chrysler
The Renault Deal Is Dead, But Fiat Chrysler Still Desperately Needs a Partner
Fortune - Bernhard Warner
For the second time in under a year, Fiat Chrysler Automobiles’ (FCA) top brass is staring down a now what? moment. The maker of Jeep, Maserati and …
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Sergey Brin
Elusive Google co-founders make rare appearance at town hall meeting
CNET - by Richard Nieva
Larry Page and Sergey Brin show up at their first "TGIF" all-hands meeting in six months.
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Lockheed Martin
Lockheed Martin unit wins $542 million U.S. defense contract: Pentagon
investing.com
WASHINGTON (Reuters) - Lockheed Martin (NYSE:LMT) Corp's Sikorsky Aircraft Corp has won a $542 million modification to a U.S. defense contract for …
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Amazon Web Services
Walmart vs. Amazon: Who is ahead in battle for retail dominance?
FOX Business - Brittany De Lea
The ongoing retail rivalry between giants Walmart and Amazon is escalating as the companies strive to innovate faster – but one still has a leg up in the consumer-centered arena of the competition, experts
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Investing
Is Buying Tableau. These Stocks Could be Next.
Barron's - Connor Smith
Salesforce.com (ticker: CRM) announced Monday that it will buy Tableau Software (DATA) for about $15.7 billion in stock. That got investors …
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Bankruptcy
Opioid manufacturer Insys files for bankruptcy after $225m settlement
Guardian US - Chris McGreal
A leading drug maker, whose founder and top executives have been convicted of bribing doctors to prescribe a highly addictive painkiller, has become the first opioid manufacturer to declare bankruptcy
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Celebrity News
Vice Media Loses Its HBO Show and a Top Executive
The New York Times - By MARC TRACY and JOHN KOBLIN
There were significant changes at Vice Media on Monday as the company — which was once operated more like a frat party than a business — takes shape under new leadership. First came the news that HBO canceling
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Theranos
Apple, Google, Uber: Where former Theranos employees work now
Quartz - Liz Webber
When Elizabeth Holmes and her blood-testing startup Theranos were charged with fraud, many rank-and-file workers were put in a tough spot—and not just because the company laid off much of its staff in
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Barnes & Noble
Elliott Management buys Barnes & Noble for about $476 million
Axios - Dan Primack
Elliott Management has agreed to buy book retailer Barnes & Noble (NYSE: BKS) for around $476 million in cash, or $6.50 per share. Why it matters: …
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Tesla Model 3
Tesla’s Strong Brand Gives It Unusual Expansion Potential
Harvard Business Review - Eddie Yoon
Tesla recently announced it will offer its customers car insurance. This move could add significantly to its per-vehicle profits, and could prove the first in a series of moves into other adjacent categories.
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Business
Analysts doubt feds will go 'nuclear' on big tech, but see the increased scrutiny as a growing risk
CNBC - Kate Rooney
A group of Wall Street analysts are flagging the risk of more regulatory scrutiny for big technology companies. But for the most part, they have …
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Business
CVS to close some unprofitable stores as pharmacy chain looks to expand new HealthHUBs
CNBC - Angelica LaVito
CVS Health will close some unprofitable locations as it redesigns about 15% of its 9,800 stores to focus more on health services, a top executive …
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Uber
Uber says IRS probing its 2013-14 tax returns
Reuters - by Vibhuti Sharma
(Reuters) - The U.S. Internal Revenue Service is auditing Uber Technologies Inc's taxes for 2013 and 2014 and the ride-hailing company expects unrecognized tax benefits to be reduced within the next year
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Jaguar design boss Ian Callum officially steps down
Roadshow - by Steven Ewing
From the original XF to the brand-new I-Pace, Ian Callum has truly transformed Jaguar's design language.
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Cryptocurrency
How Some of the World's Oldest Banks Are Moving to a Digital Future
Fortune - Beth Kowitt
At nearly 120 years old, Leumi is the largest and oldest bank in Israel. But thanks to the launch of its mobile-only bank, Pepper, it’s also the …
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Apple Music
How Apple Killed Off iTunes And What It Means
Forbes - David Phelan
Apple has killed iTunes, after 18 years. Apple keynotes are always compelling and enjoyable events. The one that opened the developers’ conference, WWDC, earlier today, saw Craig Federighi raise the topic
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Tesla
Tesla's Secret Source of Cash Has Finally Been Revealed
Fortune - Miles Weiss
For years, Tesla Inc. has hauled in revenue by selling credits to other carmakers that needed to offset sales of polluting vehicles to U.S. …
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Business
Sephora to shut U.S. stores for diversity training after racial incident
investing.com
NEW YORK (Reuters) - LVMH's Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to …
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Carl Icahn
Lawsuit says Carl Icahn has built a $1.68B dollar stake in Occidental
CNBC
CNBC's David Faber and Jim Cramer discuss the latest details in the Occidental and Anadarko merger.
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Eddie Lampert
Sears Buyer May Skip $43 Million in Severance Owed to Laid Off Workers
Fortune - Chris Morris
When Eddie Lampert committed to buy out Sears from bankruptcy, he agreed to pay displaced workers up to $43 million. Now that may not happen. Lampert …
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Entertainment Industry
Hollywood’s Georgia Boycott Grows as Disney and Netflix Consider Joining
Fortune - Dan Reilly
As more states pass stricter anti-abortion bills, Hollywood is turning up the heat on Georgia, the state that—thanks to its tax breaks for film, …
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Mark Zuckerberg
Angry Facebook Shareholders Fail to Dislodge Mark Zuckerberg as Chairman
Fortune - Danielle Abril
Facebook CEO Mark Zuckerberg will remain as chairman after a shareholder vote to curtail his power failed. The proposal, voted down at Facebook’s …