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Business

GE In The "Verge of Insolvency" Claims Whistleblower Report

GE stock plummeted on Thursday after a whistleblower report accused the company of committing a "bigger fraud than Enron", according to a website specifically set to address the issue, gefraud.com . The author of the report, Harry Markopolos, became a whistleblower during the Enron fraud. In the report, Markopolos stated that GE, referred to by the "GEnron" website, poses serious …

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Luckin counts the cost of a Starbucks fight

Luckin Coffee Inc's store count stands at 2,963, approximately 1,000 less than Starbucks & # 39 ;. By the end of the year, Luckin aims to open 4,500 stores. (AP photo) BEIJING: Luckin Coffee Inc. in a larger-than-expected loss as costs hit store openings and heavy discounts aimed at competing with Starbucks Corp, which pushed US-listed US stocks down Wednesday. …

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Crypto Exchange Coinbase Acquires Xapo & # 39; s Custody Institution

The Coinbase Coinbase exchange has acquired the institutional business of cryptocurrency purse and Xapo custody service provider. $ 7 billion. According to a Fortune report on Thursday, Coinbase acquired Xapo's institutional business for $ 55 million after defeating another strong opponent, the Fidelity-based giant. in the crypto lending business in the future. "Primarily, we need to help our investors earn …

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Google is the only customer with silicon in size

Jensen Huang, president and CEO of Nvidia, spoke during the company's event at the 2019 Consumer Electronics Show in Las Vegas on January 6, 2019. David Paul Morris | Bloomberg | Pictures of Getty Nvidia CEO Jensen Huang, had reason to worry about other chipmakers, such as AMD. But he's not worried about Nvidia's own big customers becoming competitors. Amazon, …

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There is something unique about Amazon's Ambassadors

But just because Amazon is one of the richest companies in the world doesn't mean much of that building actually makes it down to the rank and file of people who make machines. If recent reports, like John Oliver's segment from July below, are to be believed, working with one of the conglomerates of many fulfillment centers could be a …

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Nvidia Q2 2020 earnings

Nvidia stock rose 7% on Thursday after hours, after the company reported better-than-expected second-quarter fiscal earnings. shares, excluding some items, compared to $ 1.15 per share as analysts had expected, according to Refinitiv. 17% on an annualized basis in the quarter, which ended July 28, according to a statement. estimate to analysts surveyed by FactSet. Nvidia saw fewer shipments of …

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United Has Offering Personal TVs With 737 MAX Aircraft

We know that of the "big three" US carriers, Delta is at its best when it comes to the entertainment they offer. They have personal television in almost all of their main fleet lines, and that trend continues even with the newly delivered aircraft. Brand new Delta A220, with TVs in every seat This is in sharp contrast to American …

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Stock market news: August 15, 2019

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "US stock rose after strong earnings results from the Dow outfit Walmart ( WMT ) helped lift the 30-stock index after & nbsp; China threatened & nbsp; & # 39; countermeasures & # 39; amidst its trade war in China. …

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