By Brendon Thorne Apple Inc on Tuesday reported quarterly sales and profits that beat analyst expectations as consumers bought premium versions of its 5G iPhones and signed up for the company’s subscription services. Driven by better-than-expected iPhone sales, total revenue hit $81.43bn, which was above analyst expectations of $73.30bn, according to IBES data from Refinitiv. Earnings were $1.30 per share, above estimates of $1.01 per share, according to Refinitiv. To read more:
Coal Mining Scrip: A collector shares
By Vivian Blevins Before you consider reading my column today on coal scrip in a part of southeastern Kentucky and the man who collects it, you might want to consider a brief description of that part of the state when coal began providing jobs in the early decades of the 20th Century. I am referring to “up Cloverfork” in Harlan County. Most miners had families, but it was rare for them to own automobiles in this part of the county. Roads were sketchy at best with the railroad (essential as a way to transport the mined coal to markets) being the sole reliable way out. There were few banks and they were at a great distance. There were none “up Cloverfork” in
Bitcoin in Longest Winning Streak in 2021 as Crypto Rebounds
By Joanna Ossinger and Vildana Hajric A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year. The virtual coin rose as much as 7.5% to top $40,900 on Wednesday during New York trading hours. It’s advanced for eight straight days, its longest winning streak since December. Other coins including second-ranked Ether climbed, boosting the Bloomberg Galaxy Crypto Index. “The current momentum is strong” and $45,000 is in sight but a conclusive break above $50,000 “will take some doing,” Pankaj Balani, chief executive officer of crypto derivatives exchange Delta Exchange, wrote in a note Tuesday. To read more:
Why Tilray, Sundial Growers, and Other Cannabis Stocks Dropped Today
By Howard Smith No real news came from the companies today. Tilray CEO Irwin Simon did give an interview yesterday in which he discussed the future of the company and explained its position in preparation for potential U.S. legalization. "In regards to legalization happening in the U.S., I think we will be ready to partner by when that does happen," Simon told Yahoo! Finance. "But right now, there is very little I can do other than on an option or potentially partner with someone when that does happen." To read more:
Are Bitcoin Prices Getting Ready To Break Free Of Their Current Malaise?
By Charles Bovaird Bitcoin prices have been trading in a reasonably well-defined range lately, but could a multi-month low in the value of technical indicator presage a coming breakout? The world’s most prominent cryptocurrency has been moving largely between $30,000 and $42,000 since late May, according to CoinDesk. To read more:
The stock market is falling. Should you sell?
By Annie Nova With the pandemic proving hard to leave behind and the global economy still suffering, the stock market is having a bad week. The Dow Jones Industrial Average dropped about 350 points, or 1.1%, in early Thursday trading, and the S&P 500 fell 1.3%. But while it can be painful to watch your investment accounts shrink, you’ll likely regret selling. To read more:
Halo will launch a remotely operated car service powered by 5G in Las Vegas
By Aria Alamalhodaei 5G technology has generated a lot of hype for its potential to power driverless cars using a remote operator, but for the past few years that’s all it’s been — hype. Las Vegas-based startup Halo and telecom giant T-Mobile are teaming up to change that, with a driverless electric car service in Las Vegas powered on 5G to launch later this year. The service, which will start with five vehicles, will work by connecting users to Halo’s pilot fleet of vehicles via an app. After a user has ordered a vehicle, a remote operator will drive it to the waiting customer. Once the car is delivered, the user can get behind the steering wheel and operate the vehicle as
Cannabis laws tweaked to allow shared-use of manufacturing facilities but advocates say more dispensaries are needed
By Jason Ruiz0 Long Beach’s cannabis laws will now allow for manufacturers to share space in an effort to bring more businesses with less initial capital online after the City Council unanimously approved a shared-use amendment Tuesday night. The change will allow businesses that infuse concentrates into products, extract cannabis oils using butter or oils or just package and label products to use the same space, similar to a commercial kitchen, but the law will require common-use space to be used at scheduled times by individual operators. To read more:
Gogo Starts Flight Testing 5G Antennas
By Woodrow Bellamy III Gogo Business Aviation has begun flight testing the antennas for its next-generation 5G network, the Colorado-based in-flight connectivity (IFC) service provider said in a June 22 press release. On the ground network side, the first two 5G antennas have been installed on a tower, enabling the company to start conducting prototype testing of the 5G antenna towers. Originally scheduled for deployment this year, Gogo CEO Oakleigh Thorne explained during their first-quarter earnings call in March that a supply chain delay caused by a microchip supplier ultimately lead to their delaying the 5G network until 2022. To read more:
Cannabis Boom Creates Fears of Increasing Illicit Trade
By Erik Neumann GRANTS PASS, Ore. (AP) — On a sunny spring day in Southern Oregon’s Illinois Valley, Mason Walker is showing off rows of neatly planted marijuana. “We have a permanent trellising system that’s installed almost in a vineyard style,” Walker, co-owner of East Fork Cultivars, told Jefferson Public Radio. “We put labels up at the end of the rows so people know what they’re looking at, just like you might walk through the pinot noir section of a vineyard.” To read more: