Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city’s downtown area. In a statement, Foxconn said more than 500 people would work at the seven-story building in downtown Milwaukee. The announcement comes almost a year after the company disclosed
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Cristiano Ronaldo is one of the richest athletes in the world. The 33-year-old Real Madrid soccer star has an estimated net worth of $450 million. As of June 5, the Portugal-born soccer star has already made an estimated $108 million for the year, according to Forbes. About $61 million came from his salary, bonuses and
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Shares of NXP Semiconductors rose in extended trading Friday amid conflicting reports about whether Chinese regulators have approved Qualcomm‘s proposal to acquire the smaller chipmaker. NXP shares spiked more than 10 percent in after-hours trading Thursday following reports from South China Morning Post and Bloomberg, both citing sources, that China’s Ministry of Commerce approved the
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A casual observer may assume the greatest money managers have charmed investing careers filled with success after success. But that isn’t the case, Ritholtz Wealth Management director of research Michael Batnick explained in his new book “Big Mistakes: The Best Investors and Their Worst Investments,” released on Jun. 6. Batnick shared key lessons and money-losing
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Check out the companies making headlines after the bell: Shares of Adobe tumbled 3 percent in extended trading. The design software company reported better-than-expected earnings for the second quarter of its 2018 fiscal year and forecast strong third-quarter guidance. Adobe reported earnings per share of $1.66 on revenue of $2.2 billion, versus the $1.54 EPS
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In Silicon Valley, hyperbole is becoming a problem, according to prominent short-seller Jim Chanos. The billionaire who predicted the fall of Enron is warning investors to be skeptical of young, optimistic leaders of companies that he says could end up like disgraced start-up Theranos. “There seems to be a culture where you’re allowed to say
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