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Thread: Business news 2019

  1. #191
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    Next month, people who want to upgrade their 1996 Motorola StarTAC flip-phone and can afford $2,000 (plus tax) will finally be able to get Samsung's new foldable phone. Wooh!

    Samsung's revised $2,000 foldable Galaxy Fold smartphone is reportedly launching on September 6

    https://www.businessinsider.com/sams...-report-2019-8

  2. #192
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    Donald the Delusional Demagogue believes the Dow would be at 36,355 today if he hadn't started a trade war. Hoo boy! Welcome to Trumpworld.

    Trump says the Dow would be '10,000 points higher' if he hadn't started a trade war with China

    https://markets.businessinsider.com/...9-9-1028499473

  3. #193
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    Trump says we're winning the trade war with China. We aren't. Trump says the Chinese are paying for the tariffs. They're not. We are. American businesses, faced with higher costs, have only two choices: pass the extra costs on to consumers or keep prices where they are, thereby lowering their profits. I think we all know which choice they'll go with.

    China tariffs could derail Amazon's chance to dominate holiday sales
    With tariffs set to potentially force Amazon to raise prices, competing retailers might be able to steal sales from the e-tailer this holiday season.

    https://www.businessinsider.com/amaz...tariffs-2019-9

  4. #194
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    Emperor Trump spends way too much time on Twitter – and he uses it mainly to attack Democrats, to attack the news media, to spread lies and conspiracy theories and to tell us how great he thinks he is. He would die without Twitter.

    JP Morgan has created a 'Volfefe Index' to track the effect of Trump's tweets on market volatility

    https://www.cnbc.com/2019/09/08/dona...nd-market.html

  5. #195
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    Sears. Kmart. Chico's. Gymboree. Walgreens. Family Dollar. All 371 Shopkos. All 520 Fred's. All 650 Dress Barns. All 2,500 Payless Shoes. And when the President brags about our nation's "great economy" – for which he takes sole credit – he never mentions the many thousands of store closures and the hundreds of thousands of job losses. He doesn't dare.

    More than 8,200 stores are closing in 2019 as the retail apocalypse drags on

    https://www.businessinsider.com/stor...19-list-2019-3

  6. #196
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    The new iPhone 11 contains a chip capable of one trillion operations per second. I'd love to know how Apple's designers were able to verify that number.

    Apple unveils new iPad, Apple Watch and 3 new iPhones at its biggest event of the year

    https://www.businessinsider.com/appl...he-iphone-11-1

  7. #197
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    A woman playing this new game will get $240 for passing "Go." A man will get only $200. I wonder if the game will include a "Sue for gender discrimination" card for the men who play.

    Hasbro is releasing a new Ms. Monopoly board game where women make more money than men

    https://www.businessinsider.com/hasb...han-men-2019-9

  8. #198
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    GameStop operates more than 5,700 stores in 16 countries. GME shares dropped 10% after the announcement of store closures and a larger-than-expected Q2 loss. GME has fallen 63% so far this year and 71% in the past 12 months.

    GameStop, world's biggest video game retailer, is closing 200 stores as it attempts to stay afloat – and that's just the first wave of closures

    https://www.businessinsider.com/game...-stores-2019-9

  9. #199
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    MoviePass was founded in 2011 in New York City. Initially, subscribers could pay a fee and see as many movies as they wanted. Then MoviePass would pay the admission prices directly to the theaters. So let's see: I buy a $50 membership, see a hundred movies at my local theater and MoviePass will pay the theater $1,050. Yeah, that's a good business model. I'm surprised MoviePass lasted this long.

    MoviePass, the game-changing ticketing service, is shutting down

    https://www.cnn.com/2019/09/13/media...own/index.html

  10. #200
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    FedEx CEO Fred Smith, a free-trade advocate and longtime Republican donor, has repeatedly warned that Trump's tariffs and trade war with China will hurt economic growth. He is correct. In the most recent quarter, FedEx profit fell 11% and the company sharply slashed its profit forecasts for the next six months. Right now, FedEx shares are down $23.87, a drop of 13.75%. UPS, Boeing, Tesla, Deere, Caterpillar and Harley-Davidson are among the many other companies being hurt by the tariffs and trade war – and Trump and Treasury Secretary Steve Mnuchin continue to insist the tariffs and trade war are hurting China, not American consumers and manufacturers. Trump and Mnuchin are lying.

    FedEx stock price tumbles after profit miss on 'trade tensions'

    https://www.cbsnews.com/news/fedex-s...ty-over-trade/

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