News 

GOP tax bill: A short-term buzz that promises a killer hangover

“A portion of the Arctic National Wildlife Refuge would be opened to drilling because that, too, would generate revenue for tax cuts” writes The Times Editorial for latimes.com. Rising costs in healthcare programs like Medicaid and Medicare pose a long-term challenge for Washington, but slashing tax revenue only makes it harder to stem the tide of red ink.Instead, it introduces complex new rules that will encourage taxpayers to reclassify what they do or where they do it to cut their tax bills.In the entertainment industry, rank-and-file performers stand to lose…

Read More
News 

Oracle’s Hurd: When firms claim they’re in AI, it’s mostly ‘just nonsense’

“Most of the time, when companies claim they’re in the business of artificial intelligence, “it’s just nonsense,” according to Oracle CEO Mark Hurd” writes Sara Salinas for cnbc.com. “At the end of the day, they’re in some very good businesses,” Hurd said.GE holds a lot of information and data, Hurd said. Source: cnbc.com Share This:

Read More
News 

Despite the buzz, MLB finds no wrongdoing by Cubs coach wearing a FitBit in dugout

“When a video appeared to show a member of the Chicago Cubs using an electronic watch in the dugout during Game 4 of the Nationals League Division Series, social media instantly began buzzing” reports washingtonpost.com. MLB views the episode as a mistake, like the case in Arizona.” MLB investigated Arizona Diamondbacks Coach Ariel Prieto after a photograph showed him wearing an electronic watch during Arizona’s 11-8 wild card victory over the Colorado Rockies. Source: washingtonpost.com Share This:

Read More
News 

After-hours buzz: TSLA, CAKE, FIT & more

“The electric automaker also reported strong revenue amid deliveries of its Model S sedans and Model X SUVs” writes Michael Nagle for cnbc.com. The company posted earnings per share of $1.53, easily besting a Thomson Reuters consensus estimate for about $1.20 a share.Shares of Fitbit gained as much as 8 percent after the company posted better-than-expected quarterly results.Shares of AIG edged higher after the company reported earnings per share above analyst expectations. Source: cnbc.com Share This:

Read More
News 

After-hours buzz: FB, PYPL, BWLD & more

“The electronic payment company reported earnings per share of 46 cents for its second quarter” writes David Karp for cnbc.com. PayPal’s stock was up more than 3 percent after the company beat earnings expectations.The financial services company reported earnings per share of $1.40, falling short of analysts’ estimates of $1.45.The biopharmaceutical company reported earnings per share of $2.56 and revenue of $7.14 billion.Oneok’s stock rose more than 1 percent after-hours following the company’s announcement that it would increase its quarterly dividend 13 cents per share to 74.5 cents per share. Source:…

Read More
News 

T-Mobile adds another 1.3M customers as CEO John Legere addresses merger buzz

“T-Mobile added more than 1.3 million customers in the second quarter, its 17th straight period with more than 1 million net customer additions” writes Todd Bishop for geekwire.com. T-Mobile said it stopped counting 4.4 million wholesale customers that were previously reported as part of the Lifeline program for low-income customers. “We believe current and future regulatory changes have made the Lifeline program offered by our wholesale partners uneconomical,” T-Mobile said. “We will continue to support our wholesale partners offering the Lifeline program, but have excluded the Lifeline customers from our…

Read More