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Oil prices dip as short covering rally fizzles out
By Henning GloysteinSINGAPORE (Reuters) - Oil prices eased in early trading on Friday, but remained well above this week's lows as traders covered short positions after profiting from sharp declines...
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Asia gains on BoE easing boon, key U.S. jobs data awaited
By Shinichi SaoshiroTOKYO (Reuters) - Asian shares joined a rise in global stock prices on Friday after the Bank of England (BoE) launched a potent post-Brexit stimulus campaign, but some caution...
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THE PAYMENTS INDUSTRY EXPLAINED: The trends creating new winners and losers...
The way we pay is changing dramatically. For example, people are beginning to use their smartphones for every kind of formal and informal transaction — to shop at stores, buy songs online, and even...
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19 cities where first-time homebuyers can live large
Buying your first home can be hard.You have to take out a loan, find a quiet neighborhood, and get a home near good schools and shopping. The list goes on for what seems like forever.But no matter how...
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Card networks begin to deploy EMV solutions (MA, V)
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.New Leaf Community Markets, a California-based natural grocery chain, has...
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BIOMETRICS IN THE PAYMENTS INDUSTRY: Why biologically based authentication is...
Passwords and PINs are being rendered irrelevant thanks to rising digital fraud, growing concern about data privacy, and difficulty remembering an endless stream of letters and numbers. That’s been...
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Wall Street is now bracing for its worst 2 years since the financial crisis
It's official: Wall Street thinks earnings growth in 2016 will be negative.And if this forecast comes to bear, it will mark the first time since 2008-09 that earnings for the S&P 500 declined in...
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Alibaba says it is not making an investment in Netflix
SAN FRANCISCO (Reuters) - Alibaba Group Holding Inc is not making an investment in Netflix Inc, Alibaba spokesman Bob Christie told Reuters on Friday.Christie was responding to market rumors about a...
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The 25 best STEM high schools in the US
Jobs in science, technology, engineering, and math are booming in the US — and average salaries for STEM jobs are nearly twice the national average.It's no surprise, then, that high schools across the...
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Berkshire Hathaway earnings miss by $108 per share (BRK.A, BRK.B)
Berkshire Hathaway reported second-quarter earnings that showed a jump in net income and a miss on operating earnings per share.On Friday, the company headed by Warren Buffett reported operating...
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Berkshire profit rises 25 percent, helped by insurance, investments
(Reuters) - Berkshire Hathaway Inc on Friday said second-quarter profit rose 25 percent, helped by improved results from insurance underwriting and investments and the purchase of Precision Castparts...
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Apple just spent $200 million for more artificial intelligence (AAPL)
Apple has bought Turi, a Seattle-based machine learning startup.The purchase price was "around" $200 million, Geekwire reports, citing a source close to the deal. Turi was founded by a University of...
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Investors could see U.S. profit slide continue into third quarter
By Caroline ValetkevitchNEW YORK (Reuters) - The U.S. profit recession may go on, dashing hopes of investors and business people who had been banking on a turnaround in the third quarter for companies...
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Here are the countries that have historically dominated the Summer Olympics
With the 2016 Olympics beginning in Rio de Janeiro this weekend, we decided to take a look at how countries have fared in past Games.Conveniently, Wikipedia has a breakdown of the total medal counts...
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Exclusive: Genesys in bid to buy Avaya's call center business - sources
By Liana B. Baker and Greg Roumeliotis(Reuters) - Genesys Telecommunications Laboratories Inc, a U.S. provider of call center software, is in talks to acquire the contact center business that its peer...
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Tesla says Gigafactory costs may exceed expectations
(Reuters) - Tesla Motors Inc said the cost of building and operating the Gigafactory could exceed the company's current expectations.The Gigafactory may also take longer than anticipated to come...
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Google executive departs self-driving car project
(Reuters) - Chris Urmson, an executive who was instrumental in building Google's self-driving car project, said on Friday he is leaving the team after seven and a half years.Alphabet Inc's Google had...
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Don't move to any of these 13 cities if you want a big starter home
You've heard of tiny houses, the small homes, sometimes on wheels, whose occupants have to creatively build to live comfortably.Most first-time homebuyers aren't looking for a tiny home when they first...
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Aeropostale discusses sale to Versa Capital
By Jessica DiNapoliNEW YORK (Reuters) - Aeropostale Inc has been negotiating a potential sale to private equity firm Versa Capital Management LLC that would save thousands of jobs at the bankrupt U.S....
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5 ways fintech is shaping the future of financial services
Fintech is upending processes throughout the financial services industry. These transformations are presenting new opportunities for fintech startups and legacy financial institutions.BI Intelligence,...
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