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Apple slides into a bear market — now down 20% from its...

Richard Drew/AP Apple slid into a bear market Wednesday, down 20% from its October peak. In August, the tech giant became the first US company with a $1 trillion valuation. Shares have been hit hard after the company reported underwhelming iPhone sales and suppliers warned of a slowdown in the smartphone market. Watch Apple trade…

Fox News announces it’s supporting CNN’s lawsuit against the Trump administration...

Read full storyAP Photo/Evan VucciIn this Nov. 7, 2018, photo, CNN journalist Jim Acosta does a standup before a new conference with President Donald Trump in the East Room of the White House in Washington.Fox News announced Wednesday it is supporting CNN in the network's lawsuit against the Trump administration's revocation of White House correspondent…

New York City’s top tabloids have weighed in on Amazon HQ2...

Read full storyNew York Daily News / New York PostNew Yorkers have had mixed reactions to the HQ2 news.New York City's two major tabloids both sported front pages referencing the Amazon HQ2 news on Wednesday.The New York Post depicted Amazon CEO Jeff Bezos as leaning out of a helicopter, holding bags brimming with cash.The New…

Here’s why Walmart is betting on Microsoft’s AI to challenge Amazon...

Microsoft is acquiring a Texas-based AI startup as it prepares for the next wave of the cloud warsThis $20 billion startup is reportedly cutting lavish perks as it tries to kill its employees' 'entitlement syndrome' ahead of a possible IPOMeet the CEO who once turned down $500 million offer for his startup - and just…

The cannabis producer Canopy Growth is getting whacked after missing big...

Canopy Growth Canopy Growth reported second-quarter revenue that missed even the lowest estimate by a wide margin. Shares fell more than 7% early Wednesday. The cannabis producer received a $4 billion investment from the beverage maker Constellation Brands earlier this year, sparking a so-called green rush into the sector. Watch Canopy Growth trade live. Canopy…

10 things you need to know before the opening bell (SPY,...

Reuters/Thomas PeterHere is what you need to know. Oil could extend its record losing streak. West Texas Intermediate crude oil fell by as much as 1% to $55.13 a barrel early Wednesday but is now little changed near $55.75. Any down close would extend its record losing streak to a 13th straight day. The world's…

Oil drops for a 13th straight day as analysts warn it...

Read full storyduggar11/FlickrOil prices remain under pressure and look set to extend their losing streak into a 13th day.Prices dropped as much as 7% on Tuesday after US President Trump again pushed back against Saudi Arabia's plans to increase production.Analysts fear that the price per barrel of oil could fall below $50.You can track oil…

Amazon’s New York headquarters could mean millions in tax breaks from...

Read full storyReutersAmazon CEO Jeff Bezos.Amazon announced it is splitting its second headquarters, or "HQ2", between Virginia and the the Long Island City neighborhood of Queens in New York City.Long Island City is a designated "opportunity zone," a tax benefit scheme that was rolled out as part of President Trump's tax reforms.Opportunity zones are meant…

Tech companies in the US and China are locked in a...

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Amazon officially announces its HQ2 will be split between New York...

Amy Harris/Invision/APAmazon CEO Jeff Bezos.Amazon has officially announced that it will split its second headquarters project, which it calls HQ2, in two.The winning cities are the Long Island City section of Queens, New York, and the National Landing area of Arlington, Virginia.It follows nearly a year of speculation by business leaders, local leaders, and the…

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