In Chicago, Apple unveils faster, cheaper iPad for students
By Ang Gao Medill Reports Apple is returning to school with a new iPad and enhanced educational resources. The new iPad costs $299 for educators and students, but $329 for everyone else, the same price as that of the iPad released last year. Unveiled at Chicago’s Lane Tech College Prep High School on Tuesday, with […]
How college friends built a $100 million blockchain business
By Ang Gao Medill Reports When China banned initial coin offerings, or ICOs, in September last year, a number of Chinese blockchain projects started looking for ICO opportunities abroad but encountered difficulties including foreign regulations, legal issues and language. That was when Minhui Chen, who graduated from Columbia University in 2015 and was working as […]
Sustainable investing has become mainstream
By Ang Gao Medill Reports “Your capital can do more than generate returns.” This used to be a slogan persuading investors to be more socially impactful. But now it’s a trend. Sustainable, responsible and impact investing, or SRI, is an investment discipline that “considers environmental, social and corporate governance criteria to generate long-term competitive financial returns and […]
Blockchain is creating prosperity, experts say
By Ang Gao Medill Reports New York–The digital ledger platform blockchain is enabling a shift towards a safer, easier and more prosperous ecosystem by decentralizing assets and making peer-to-peer networks to govern all transactions, said blockchain experts, all Chinese, in a recent forum at Fordham University. In a general sense, according to an article by […]
Twitter earns first profit, stock soars
By Ang Gao Medill Reports Twitter Inc. earned a profit for the first time in the fourth quarter of 2017. The stock soared. The San Francisco-based company reported net income of $91.1 million, or diluted earnings per share of 12 cents, up from a net loss of $167.1 million or diluted earnings per share of […]
Cognizant earnings beat expectations, revenues in line
By Ang Gao Medill Reports Cognizant Technology Solutions Corp., based in New Jersey, is a leading provider of information technology, consulting and business process services. Cognizant reported a loss of $18 million, or 3 cents per diluted share, for the fourth quarter of 2017, compared with net income of $416 million, or 68 cents per […]
Motorola Solutions tops estimates, stock rises
By Ang Gao Medill Reports Motorola Solutions Inc., based in Chicago, reported a loss of $575 million, or $3.56 per diluted share, down from a profit of $243 million, or $1.43 per share, in the fourth quarter of 2016. But adjusted earnings beat expectations and the stock rose 4 percent. The loss reflected a one-time […]
U.S. Home Prices Increased 6.2% in November
By Ang Gao Medill Reports The S&P Corelogic Case-Shiller Home Price Index rose 6.2 percent in November, up slightly from 6.1 percent in the previous month. The number is unadjusted without considering inflation. A low inventory of houses in the market, especially a shortage of low-end houses, is putting pressure on home prices, said Bryce […]
