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POPE ADMITS SOME NUNS USED AS SEX SLAVES BY PRIESTS!
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President Trump is going over his vocal exercises and pounding licorice root tea in preparation for tonight's State of the Union address. What are we watching for? Zoom out before we zoom in: Economic growth has been a main Trump talking point since he got the keys to 1600 Penn. We're expecting more of that, plus some of his other greatest hits... Like trade Top of the agenda? What comes next with China. Trump will "aggressively claim concessions from the Chinese," said Height Capital Markets to Bloomberg. Recent reports suggested Trump could meet with China's Xi Jinping at the end of the month. And infrastructure... This discussion's pla…
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Since I couldn't convince the developers that people want threaded commenting... I decided to add it via Disqus below our own native flat commenting section. Disqus also has many millions more people with accounts that this site does.... so that obstacle may be removed for many. We'll see how it turns out. Supposedly it is also "real-time" so it should also function as a "chat" @Indiana
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Google's parent company reported fourth-quarter earnings yesterday that topped expectations across the board. But the dual threats of rising costs and growing competition were enough to sink shares about 3% after hours. Revenue surged about 21% annually to $39.3 billion—and given that it represents such a giant portion of sales, we're not surprised that advertising revenue also grew 20% to $32.6 billion. But it didn't come cheap. Traffic acquisition costs (aka the fees Alphabet pays to other companies to be their default search engine) totaled $7.44 billion, up 15%. And capital expenditures came in around $7 billion for Q4, up 80%. Plus, cost per…
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Papa John's
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And we might be one step closer to an unlimited soup, salad, and pizza lunch for $6.99. We'll explain. Papa John's (+8.98%) announced yesterday that it received a $200 millioninvestment from activist firm Starboard Value and welcomed three new directors to its board (including Starboard CEO Jeffrey Smith, who will become chairman). How Papa John's got here For more than a year, the chain has struggled in the damage control department. Its founder/biggest shareholder, John Schnatter, became synonymous with controversy after making questionable comments about the NFL and using a racial slur. That's been tough on the books. Papa John's stock has tumbled cl…
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https://youtu.be/xWCy32Lb-SI Deutsche Bank shares have recovered some ground after hitting 30 year lows. But as Hayley Platt reports, concern about the health of Europe's banks in the face a global slowdown is growing.
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Hopefully by the time Q1 earnings begin in April, your memories of sub-zero temps will be long gone. Not so for c-suites. That's because weather repeatedly pops up as one of two unwanted guests for earnings season. The other? Currency market woes. The ICE Dollar Index jumped 4.4% last year, the most since 2015. And for multinationals that sell products overseas, that dollar strength (paired with the ongoing trade war) presents a major challenge, reports Bloomberg. Quantifying that challenge? Every 7% to 8% change in the dollar results in a 1% move in the opposite direction for U.S. corporate profits, per Credit Suisse. Who's worried? Already, IBM took a lar…
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The automaker has reversed its decision to build its X-Trail SUV at a plant in northern England and instead will produce it in Japan (the model's global hub). British Prime Minister Theresa May must be kicking herself for not insisting on "no take backs" language in the contract. So what's the reasoning? Seems like an entrée of consolidating production with a side of Brexit concerns. "While we have taken this decision for business reasons, the continued uncertainty around the UK's future relationship with the EU is not helping companies like ours to plan for the future," said Nissan's Europe chairman. Why this is extra painful: Nissan said it would make the…
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