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China’s WeChat captures almost 30% of the country’s mobile app usage: Meeker report

“Approximately 900 million hours a day out of a total of roughly 3.1 billion hours of mobile app usage took place in WeChat, the report said” writes Jordan Novet for cnbc.com. Tencent’s QQ, Baidu’s iQiyi and Alibaba’s UC Browser and Weibo are among the mobile apps that lag behind WeChat, Meeker’s chart shows.In China, not all mobile apps are created equal. Source: cnbc.com Share This:

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Hillary Clinton: ‘I take responsibility for every decision I made, but that’s not why I lost’

“Weaponized information” was one of the key factors that swung the U.S. election, former presidential candidate and Secretary of State Hillary Clinton said on Wednesday” writes unknown author for cnbc.com. The former first lady, who also served in the U.S. Senate, has been exploring her role as a citizen since losing November’s election to Donald Trump. Source: cnbc.com Share This:

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Palo Alto Networks stock jumps 13 percent as revenue and profit top estimates

“Palo Alto Networks stock climbed 13 percent in extended trading on Wednesday after the security software maker reported third-quarter revenue that topped analysts’ estimates” writes Ari Levy for cnbc.com. The company reported a profit, excluding certain items, of $57.1 million, or 61 cents a share, compared with analysts’ estimates of 55 cents. Source: cnbc.com Share This:

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Nomura reportedly bought controversial Venezuelan bonds at a discount

“Japanese investment bank Nomura Securities bought about $100 million worth of Venezuelan government bonds last week as part of the same transaction that has landed Goldman Sachs in the middle of a political storm, the Wall Street Journal reported on Wednesday” reports cnbc.com. Nomura’s trading arm paid about $30 million for the debt, a steep discount to where the troubled country’s bonds trade in the market, the newspaper reported, citing people familiar with the matter. Source: cnbc.com Share This:

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Trump hails signing of deals worth ‘billions’ with Vietnam

“Analysts said that while the Trump administration welcomed new business deals with Vietnam, it wants to see moves on trade” writes unknown author for cnbc.com. President Donald Trump discussed trade with Vietnamese Prime Minister Nguyen Xuan Phuc during a White House visit on Wednesday and welcomed the signing of business deals worth billions of dollars and the jobs they would bring.General Electric Co said earlier it had signed deals with Vietnam worth about $5.58 billion for power generation, aircraft engines and services, its largest ever single combined sale with the…

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Why Marissa Mayer is the ‘least likable’ CEO in tech

“In fact, Mayer, 42, has just been ranked the least likable CEO in tech, according to a new survey from Owler, a business insights website” writes Zameena Mejia for cnbc.com. Mayer performed the worst of all public tech company CEOs with a 32.8 rating out of 100, falling short of the industry’s 69.7 average rating. While tech leaders represented nearly half of the 50 most likable CEOs of U.S. public companies, the Yahoo executive also earned the second-lowest rating of all public company CEOs — just one ranking above United…

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Cramer Remix: The single best name in retail

“There’s no hemming and hawing: same-store sales are the most important metric in retail, and it’s no different with Ulta,” the “Mad Money” host said” writes unknown author for cnbc.com. Cramer noted that management did not mention tailwinds stemming from the “selfie generation” that seems to be driving cosmetics sales as various social media channels gain traction.The retail sector has seen a series of ugly earnings misses, but one report last week caught Jim Cramer’s eye as one of retail’s stunning wins: that of Ulta Beauty.The cosmetics retailer attributed its…

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Index giant Vanguard may have just done about-face on big investing position: Report

“On the same day the news broke that President Trump will reportedly opt out of the Paris climate change deal, preliminary voting results showed that Exxon Mobil shareholders won a battle against the oil and gas company’s management to finally require a report on climate change” writes unknown author for cnbc.com. A big voice hidden in the victory for Exxon Mobil shareholders, according to one report, was the votes of the world’s largest asset managers and ETF companies.The Washington Post reported that BlackRock, State Street Global Advisors and Vanguard Group…

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After-hours buzz: PANW, HPE & more

“Shares of Hewlett Packard Enterprise dipped nearly 3 percent in after-hours trading despite its earnings matching expectations” writes Mike Juang for cnbc.com. Shares of Ollie’s Bargain Outlet slipped slightly during after-hours trading despite exceeding consensus projections.Marathon Petroleum shares rose nearly 3 percent before evening out in after-hours trading after the company unveiled an incremental buyback program worth $3 billion.The enterprise storage company reported revenue of $117.2 million, beating the $114.7 million expected by analysts polled by Thomson Reuters.The cybersecurity company posted earnings per share of 61 cents on revenue of…

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Markets will get an important look at range of economic activity ahead of jobs report

“The rush of reports comes ahead of the most important data this week: the May employment report on Friday” writes Patti Domm for cnbc.com. The batch of data is important since second quarter data has been spotty, even though economists still expect a 3 percent growth rate.A diverse group of economic reports on jobs, car sales and manufacturing activity should provide a fairly rounded out picture of the economy in May.The report is expected to show 185,000 jobs added in May. Source: cnbc.com Share This:

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