Stablecoins:  Bitcoin’s Cousin Fights For Respect
Stablecoins: Bitcoin’s Cousin Fights For Respect
October 30, 2020  |  Investments

At a time when hundreds of cryptocurrencies are battling alongside bitcoin to earn the trust and mass embrace of consumers, business and banks, their digital...

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Apple Services Revenue Jumps, Subscription Bundles Debut
Apple Services Revenue Jumps, Subscription Bundles Debut
October 30, 2020  |  Earnings

Apple outsold analyst expectations on services, iPads and Macs. But the iPhone missed analysts’ expectations as sales were down over 20 percent year over year...

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Alphabet Strikes Retail-Friendly Pose In Q3 Earnings
Alphabet Strikes Retail-Friendly Pose In Q3 Earnings
October 29, 2020  |  Earnings

Google parent Alphabet reported Thursday (Oct. 29) that it enjoyed solid Q3 revenues as consumers began to spend again and advertisers followed by reopening their...

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Report: Accounting Firms Turn Down Greensill Auditing Role
Report: Accounting Firms Turn Down Greensill Auditing Role
October 29, 2020  |  B2B Payments

A number of large accounting groups have turned down requests to audit Greensill Capital as the SoftBank-backed firm mulls a stock market listing, the Financial...

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Indonesian Wireless Network Telkomsel Eyes Investing $150M In Gojek
Indonesian Wireless Network Telkomsel Eyes Investing $150M In Gojek
October 29, 2020  |  Partnerships / Acquisitions

Indonesia’s biggest wireless carrier, state-owned Telekomunikasi Selular, is considering buying $150 million of convertible bonds issued by ride-hailing startup Gojek, Bloomberg reported, citing unnamed sources....

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Starbucks China Comp Sales Drop 3 Pct Amid Pandemic
Starbucks China Comp Sales Drop 3 Pct Amid Pandemic
October 29, 2020  |  Earnings

Starbucks Corp. reported on Thursday (Oct. 29) as part of its Q4 earnings that comparable-store sales dropped 3 percent in China, with comparable transactions lower...

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Judge Orders Insurer To Pay Restaurant For COVID Losses
Judge Orders Insurer To Pay Restaurant For COVID Losses
October 29, 2020  |  Legal

A North Carolina judge has ruled that an insurance company that sold business interruption coverage to the owners of two high-profile restaurant groups in the...

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Amazon Focuses On Fulfillment After Another Record-Setting Quarter
Amazon Focuses On Fulfillment After Another Record-Setting Quarter
October 29, 2020  |  Earnings

Amazon earnings announcements in 2020 have become an exercise in financial superlatives. It was almost a given that the company would post another such exercise...

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Netflix Raises Monthly Subscription Fees
Netflix Raises Monthly Subscription Fees
October 29, 2020  |  Subscriptions

Just in time for cold weather in the Northern Hemisphere and an anticipated round of fresh COVID-19-related restrictions that will keep people at home, Netflix...

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