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Apple (AAPL) IPhone Manufacturer Building Multibillion-Dollar Facility in the U.S.

US To Be New Home For Apple, Inc. (AAPL) iPhone Production? One of the primary pieces of Apple’s manufacturing chain is a company out of Taiwan named Foxconn. Foxconn has recently stated that it will open up a new research and development plant which will cost billions. The new plant will be located in Michigan, according to a report done on Sunday by the South China Morning Post. Michigan is a state with large political importance for Donald Trump, as promises of new jobs in the state are now being...

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Democrats are Asking for a Tax on Outsourced Goods/Services

Some Democrats have called for large punishments on companies that choose to outsource jobs. The Senate Minority Leader Chuck Schumer of New York stated their plan to crackdown on outsourcing last Wednesday with other lawmakers including Sen. Debbie Stabenow of Michigan and Se. Joe Donnelly of Indiana. The program that the three are proposing would establish an American Jobs Security Council, which would effectively review purchases of American companies from foreign corporations to ensure the effect...

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Digital Arts Media Network, Inc. (DATI) Purchases Equity Stake in Cannabis Crowd Funding Company, Fundanna, Inc.

NEW YORK, Aug. 23, 2017 (GLOBE NEWSWIRE) — Digital Arts Media Network, Inc. (DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, has closed a transaction to purchase an equity position in the cannabis crowdfunding company Fundanna, Inc. – owner of Fundanna.com (powered by truCrowd, Inc.). The initial investment, which was made as part of the Digital Arts Media Network “Invest+” program, was done with the intention of building a long-term relationship...

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U.S. Labor Continues To Tighten, Autos Pressure Manufacturing

The amount of Americans filing for unemployment benefits dropped close to six-month lows last week, directing to a further firming labor market that could encourage the Fed’s plan to start trimming its A weakening automobile sector is, however, adding a dent to an otherwise optimistic economic outlook. On Thursday additional data on showed manufacturing output dropped last month as motor vehicle production declined. Auto manufacturers are reducing production among feeble sales that have created...

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U.S. Jobless Claims Dropped To Almost Six-Month Lows

Initial claims for state unemployment benefits declined 12,000 to a seasonally revised 232,000 for the week ended Aug. 12, the Labor Department reported on Thursday. Last week, the amount of Americans that filed for unemployment benefits dropped to nearly 6 month lows, directing to a firming labor market that could support the Fed’s ability to put out a plan to start unloading its huge bond portfolio. Initial claims for state unemployment benefits declined 12,000 to a seasonally revised 232,000...

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Oil Moves High On Declining U.S. Crude Stocks

On Wednesday, oil prices moved higher, boosted by declining U.S. crude inventories, though markets were still constrained by a supply glut. The focus of the market was shifting to the release of official U.S. Energy Information Administration data on Wednesday for a further update on inventories. Brent crude futures were at $51.14 per barrel, gaining 34 cents, or 0.66 percent, from their previous close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.82 a barrel increased 27 cents,...

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President Trump Says U.S. Is ‘Locked And Loaded’ Following N.Korea’s Threat Of Nuclear War

On August 11th, President Trump sent another threat to North Korea stating the United States military was "locked and loaded" after Pyongyang said Trump was driving the Korean peninsula to the brink of nuclear war. According to the Pentagon; the U.S. and S. Korea will move forward as planned with a joint military exercise in 10 days. Earlier this week President Trump tweeted: "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. Hopefully Kim Jong Un will...

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Poll Results Lead To Japan PM Focusing On Regulatory Reforms

Japan's Prime Minister Shinzo Abe must prioritize regulatory reforms, according to economists in a monthly poll whose predictions show they remain negative on prospects for the rate of inflation to advance in coming years. After shifting his cabinet last week in an effort to save him from declining public support, Abe reported the economy is still at the top of his priority list. He reiterated that he would look to engineer a optimistic cycle of higher corporate profits, wages and prices. The...

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Nasdaq Stocks Update: Tech Stocks Take A Big Swing In The Market

By now you’ve probably heard it, Jeff Bezos is the wealthiest man in the world after the latest move in shares of Amazon stock. But what has started out as a bull market for many NASDAQ Stocks has turned red by the end of the day. At one point today, all 3 major US indexes were taking a beating with many tech stocks leading the charge. Facebook earnings propelled the stock higher but by the end of the day, shares of the social media giant closed down 2.8% from the day’s high. But Facebook...

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Top Nasdaq Stocks Mid Day Update – July 25, 2017

A series of big earnings from companies like Caterpillar and McDonald’s raised the Dow and drove the S&P 500 to a new high. However, Nasdaq went down due to heavy reliance on tech such as Google parent Alphabet Inc., which just suffered a big loss. McDonald's share price went up 5 percent after the fast food franchise experienced the biggest increase in sales around the world in 5 years. Caterpillar’s stock price increased 4.1 percent after the company's quarterly report exceeded expectations...