iPhone

With Apple trading just shy of all time highs (and with a quarter trillion in cash on the books), the market was wondering if AAPL can once again surprise to the upside ahead of the all important iPhone 8 quarter, as well as provide some guidance what it plans to do with its cash hoard. And while, there was no explicit guidance on the now $260BN+ in gross cash, Apple has surged after hours on the strong top and bottom line beat, and just as strong guidance, despite a small iPhone sales miss in the current quarter.

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To much fanfare, President Donald Trump on Wednesday announced that Taiwanese electronics giant Foxconn, best known for making the iPhone, will build a new plant producing LCD panels in Wisconsin that will bring thousands of jobs to the state. On the surface it's a great deal: in what's being called the largest economic development project in state history, Foxconn plans to build a $10 billion plant that will eventually employ as many as 13,000 people, according to the White House and Gov. Scott Walker.

Authored by Lee Smith via TabletMag.com,

Donald Trump, Jr. appears to be the latest figure in President Donald Trump’s inner circle to be caught in the giant web of the Great Kremlin Conspiracy. Trump the younger said he was promised dirt on Hillary Clinton, but that all he got in his June 2016 meeting with a Russian lawyer was an earful about dropping the Magnitzky Act, which sanctions Russian officials involved in the death of a Russian lawyer who was killed in detention.

Authored by David Stockman via Daily Reckoning,

On July 10, 2007 former Citigroup CEO Chuck Prince famously said what might be termed the “speculator’s creed” for the current era of Bubble Finance. Prince was then canned within four months but as of that day his minions were still slamming the”buy” key good and hard: