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Tech earnings season is upon us, with Microsoft and Facebook both set to report today after the bell.
Wall Street is expecting Facebook to post another blowout quarter – but analysts are worried about fake news and other problems. Millennials are bearish on the company – but they love Microsoft.
A Wall Street analyst downgraded Apple, saying there’s one big problem with the iPhone X. Meanwhile, the company responded to a report that the US government is investigating its software that slows down some older iPhones with ageing batteries.
In other markets news:
- The Fed could be about to rattle the stock market
- What a $US2.8 trillion asset manager is watching for proof that the bull market in stocks is really over
- It’s still shockingly cheap to protect against big stock market losses – here’s how to do it
- Janet Yellen’s departure from the Fed is a huge loss for anyone who cares about unemployment
- Traders betting against healthcare firms made $US294 million in a single day after the Amazon-JPMorgan-Berkshire Hathaway mega-announcement
In deals news: A tiny advisory firm with just three partners will earn a slice of the $US80 million in advisory fees from the $US17 billion Reuters-Blackstone deal. Fujifilm is taking over Xerox with a $US6.1 billion deal. Morgan Stanley says these 15 companies are the most likely to get bought this year.
Hedge fund managers are celebrating big pay increases – here’s how much you can expect to earn working at one.
Fox has nabbed Thursday Night Football in a massive five-year deal, reportedly worth $US660 million a year.
- A 21-year-old college student invested 80% of his summer paycheck in cryptocurrencies and made an enormous profit
- APPLE COFOUNDER STEVE WOZNIAK: I’ve sold all my bitcoin
- Ethereum has outpaced its rival cryptocurrencies since the start of 2018
- CNET founder Halsey Minor has raised $US25 million for a new cryptocurrency-based effort to take on Amazon in cloud video services
The head of the CDC resigned after a report said she purchased shares of a tobacco company while in office.
Jaguar will unveil its all-electric Tesla rival in March – and it looks awesome.
Lastly, here are the 32 most fun, friendly, and affordable cities in the world.