Business

A two-year-old boy in Shanghai disabled his mother’s iPhone for the equivalent of 47 years after playing with it and repeatedly entering the wrong passcode, according to a Chinese media report. The incident happened in January after the phone was given to the child to watch educational videos online, the news website Kankanews.com said. The
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“Twenty years ago, school safety and security needs revolved around student fights, vandalism, weather-related emergencies and health-related emergencies such as a student asthma attack,” she said. “Today, there is much more focus on solutions to address emergency response and violence in their schools.” New companies are being formed to take advantage of the growing demand,
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The potential steel and aluminum tariffs are a “complete violation of WTO rules,” said Matt Gold, the former U.S. deputy assistant trade representative for North America under former PresidentBarack Obama. Thursday, PresidentDonald Trump announced his proposed 25 percent steel and 10 percent aluminum tariffs would go into effect next week. The president has said the
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Amtrak has temporarily canceled all services between Boston and Washington, the railroad corporation said Friday evening. Of the 106 trains scheduled to run between Boston and Washington — and the Keystone line connecting Pennsylvania and New York — all have been canceled or delayed, an Amtrak spokeswoman told CNBC. In a series of tweets, Amtrak
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The problem with President Donald Trump‘s steel and aluminum tariffs is that China gets “off more or less scot-free,” said former U.S. Trade Representative Michael Froman. “There’s a real issue about overcapacity in steel and aluminum production around the world that is hurting our industry,” he told CNBC on “Power Lunch” on Friday. “That problem
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Gun sales plunged for the Smith & Wesson firearm maker in its most recent quarter, and the company slashed manufacturing jobs amid signs of a prolonged downturn. But American Outdoor Brands also signaled that it’s not concerned about big-box chains such as Dick’s Sporting Goods taking action to limit gun sales following the Parkland, Fla.
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The Securities and Exchange Commission is looking into the cryptocurrency market, The Wall Street Journal reported Wednesday. The newspaper reported that, as part of that investigation, the SEC has issued “scores of subpoenas” to obtain information from technology companies and advisors tied to the digital currency markets. Sources told the Journal that the agency is
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Warren Buffett’s Berkshire Hathaway wants a deal, but according to Buffett’s most recent annual letter to shareholders, it simply can’t find one that both fits its criteria and is trading at an affordable valuation. At year-end last year, Berkshire Hathaway had $116 billion in cash and short-term Treasury bills, the letter revealed. The letter outlined
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General Electric will restate its earnings for 2016 and 2017 as it adopts a new accounting standard, according to a regulatory filing Friday. The updated accounting standard, which will take into account revenue from long-term contracts, will result in a 13 cent cut in reported earnings per share for 2016 and a cut of 16
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Meanwhile, the demand for packaged and processed human foods is on the decline. Food companies that specialize in packaged and ready-made foods are looking for other sources of revenue — and are betting on the booming pet industry. On Friday, General Mills, the company famous for ready-made foods, such as cereals and yogurt, announced it
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