Republicans have released one of the most sweeping tax bills in recent history. It includes sharp decreases in corporate taxes. Few observers believe it will make it to the president’s desk in its current form.
Donald Trump’s Twitter account was down briefly. According to Reuters:
U.S. President Donald Trump’s @realdonaldtrump Twitter account was deactivated by a Twitter Inc employee who was leaving the company on Thursday and was down for 11 minutes before it was restored, the social media company said.
The Justice Department has plans to challenge the AT&T Inc. (NYSE: T) buyout of Time Warner Inc. (NYSE: TWX), according to several media. However, it is not clear that the government has made a final decision.
Starbucks Corp. (NASDAQ: SBUX) released disappointing quarterly returns and chopped its forecast for future growth.
Apple Inc.’s (NASDAQ: AAPL) financial results crushed analyst projections on strength of iPhone sales and a sharp growth in its software and services revenue.
The Apple iPhone X is such a sought-after product that it is being sold in strange places. According to Bloomberg:
It’s only Day One, but the gray market trade in Apple Inc.’s new iPhone is already in full swing in Hong Kong.
About a dozen card tables and Styrofoam boxes had been set up along Argyle Street in Mong Kok, one of the city’s busiest shopping areas, on Friday morning.
Manned by touts surrounded by piles of Apple’s 10th anniversary smartphone, they were mobbed by shoppers — many of them reselling iPhone Xs bought earlier at one of Apple’s six official stores in Hong Kong.