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Trump delivers warning on trade as he leaves G-7 summit

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Exiting a world summit with characteristic bravado, President Donald Trump delivered a stark warning Saturday to America's trading partners not to counter his decision to impose tariffs on steel and aluminum imports. Despite his sharp differences with U.S. allies, the president insisted he has a "great relationship" with his foreign counterparts. "If they retaliate, they're making a mistake," Trump declared before departing the annual Group of Seven summit in Canada for his meeting with North Korea's Kim Jong Un in Singapore on Tuesday. from Yahoo Finance https://ift.tt/2HyUmys
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Apple just gave owners of older iPhones a great reason not to upgrade

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Apple says iOS 12 will give older iPhones, like the iPhone 6, a significant performance boost. Apple announced during its WWDC keynote on Monday that iOS 12, the latest version of its mobile operating system coming later this year, would give a performance boost to older iPhones — and it could be a great reason to keep your older iPhone instead of buying a newer model. from Yahoo Finance https://ift.tt/2xKI4nl
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Can Corning's Dividend Even Survive?

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In recent quarters, this glassmaking specialist has shown negative earnings and negative free cash flow. Is Corning's glass half-empty? from Yahoo Finance https://ift.tt/2kZNotN
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Disney animation chief John Lasseter to leave at year-end

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Lasseter was the creative force behind movie hits like "Toy Story," "Frozen," and "Finding Nemo," that won Academy Awards and reaped billions at the box office. Friday's decision, announced in a Disney statement, followed a six month leave of absence by Lasseter after what he called "missteps," including unwanted hugs that made employees uncomfortable. "Following his sabbatical, John Lasseter will assume a consulting role at The Walt Disney Company until December 31, 2018, at which time he will be leaving the company," Disney said. from Yahoo Finance https://ift.tt/2xYvsZU
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Apple to make 20 pct fewer new model iPhones this year -Nikkei

Apple Inc expects to ship 80 million new model iPhones this year, down 20 percent from what it had planned at the same time last year, Japanese financial daily Nikkei reported on Friday, citing industry sources. The California-based firm has asked suppliers to make about 20 percent fewer components for the three new iPhones it plans to launch in the second half of 2018, compared to last year's plans for its iPhone X and iPhone 8 models, the paper reported. The report added to concerns that consumer passion for new editions of the iconic smartphones may be cooling after years of scorching growth, sending shares in Apple and many of its major suppliers lower and weighing on global stock markets. from Yahoo Finance https://ift.tt/2LtXFcE
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Buckle Up for the Impending AT&T-Time Warner Merger Decision

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For better or worse, the saga of the intended merger of AT&T Inc. (NYSE:T) and Time Warner Inc (NYSE:TWX) is about to end … probably. Although the outcome of the court case in question could be appealed by whichever side loses, the process of getting to AT&T-Time Warner merger ruling due on (or around) Tuesday, June 12, has been even more grueling than usual for an antitrust case. AT&T could make it difficult for other media distributors to purchase Time Warner-made content. from Yahoo Finance https://ift.tt/2sUIVvQ
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Morgan Stanley: Alibaba's Opportunity In China 'Vastly Greater' Than Amazon's U.S. Potential

Alibaba's fintech opportunity was lowered from $2.8 trillion to $179 billion based on a revised addressable revenue opportunity in consumption payments, wealth management, credit market and insurance. The analyst removed $1.2 trillion in sales of autos, food delivery and pharmacy, as these opportunities are already captured in the offline business. from Yahoo Finance https://ift.tt/2HzhY6t
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