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Apple’s $430b spending is ultimate power play

Administrations come and go, but CEOs like Apple Inc’s Tim Cook know there’s no better way to wave the flag than to flash the wallet, whoever is in charge. Apple Inc said it was raising its US investment commitments by 20% over the next five years to $430 billion. The new figure, which includes spending with American suppliers, building data ...

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Can US tourists save Greece, Spain, Italy

It’s the American Dream for Europe’s troubled tourism sector. European Commission president Ursula von der Leyen told the New York Times that fully vaccinated American tourists could visit the bloc this summer. But the US accounts for a tiny proportion of travelers to tourist-dependent countries such as Greece, Spain, Portugal and Italy. To prevent another lost holiday season for these ...

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Selling Bitcoin for a profit isn’t a bad thing

Heh. Come on. Really? Year over year, positive impacts from volume growth, regulatory credit revenue growth, gross margin improvement driven by further product cost reductions and sale of Bitcoin ($101M positive impact, net of related impairments, in “Restructuring & Other” line) … [Emphasis mine.] You might be surprised to learn that’s a snippet from the earnings report of a car ...

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