Money

Tim Cook Says Apple is ‘Probably Under-Appreciated’ on Wall Street

Apple CEO Tim Cook said in an interview Tuesday that the Silicon Valley giant is “probably under-appreciated” by naysayers who are skeptical about the company’s prospects. The stock of Apple has lost more than a third of its value since its August 2018 high amid concerns that its exposure to China’s slowing economy would hurt …

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J.C. Penney’s Holiday Season Sales Tumble and More Store Closings Are Coming

J.C. Penney jcp stood out from the retail pack this holiday season, but not in the way it had likely hoped. The beleaguered department store chain said on Thursday that comparable sales, a metric that gauges business at stores open for at least a year, fell 5.4% during the key holiday season, a poor result …

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Want to Delete Facebook? Your Samsung Phone Might Not Let You

Nick Winke, a photographer in the Pacific northwest, was perusing internet forums when he came across a complaint that alarmed him: On certain Samsung Electronics Co. smartphones, users aren’t allowed to delete the Facebook app. Winke bought his Samsung Galaxy S8, an Android-based device that comes with Facebook’s social network already installed, when it was …

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Accenture CEO: Diversity and Inclusion Start From Within

If business leaders want employees to be successful, they must cultivate a workplace that’s diverse and inclusive, says Julie Sweet, the chief executive of North America for consulting firm Accenture. Sweet tells Fortune that an important part of her role as CEO is promoting cross-company awareness of diversity and inclusion, which is core to Accenture’s …

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CES 2019: Fashion Brand Kate Spade Is Latest With Google-Based Smartwatch

The Tapestry brand Kate Spade New York debuted a line of new smartwatches on Tuesday, becoming the latest fashion or luxury brand to rely on Google’s new software for wearable devices. The Scallop Smartwatch 2 collection, with watches available for pre-order starting at about $300, runs Google’s revamped Wear OS. The new devices also feature …

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Uber Won’t Allow Stock Market Woes to Slow Down Its IPO

The stock markets troubles aren’t enough–yet–to stop Uber’s IPO. Speaking to The Wall Street Journal in an interview published on Tuesday, Uber CEO Dara Khosrowshahi said that his company can go public at nearly any time and in any market condition, so the market’s recent woes aren’t worrying him. He acknowledged, however, that like any …

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U.S. Leaders Express Optimism as China Trade Talks Conclude

President Donald Trump expressed optimism that U.S.-China trade talks in Beijing are progressing well, as Chinese authorities planned to give a statement following the latest round of negotiations. “Talks with China are going very well!” Trump tweeted on Tuesday as the sides wrapped up two days of mid-level meetings. Before the talks ended earlier on …

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Cyntoia Brown, RBG Sick Day, California Paid Leave: Broadsheet January 8

Good morning, Broadsheet readers! Cyntoia Brown is granted clemency from her life sentence, Ruth Bader Ginsburg takes her first-ever sick day, and the Internet is abuzz over AOC. Have a terrific Tuesday. EVERYONE’S TALKING [bs_bullet_primary] All about AOC. Have you, by chance, heard of a freshman congresswoman from New York named Alexandria Ocasio-Cortez? We’re only …

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