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Apple’s Mac sees strong growth amid coronavirus-fueled PC market boom

Apple’s Mac segment grew nearly 39% year-over-year in the third quarter of 2020 amid double-digit growth across the broader PC market.

As consumers and businesses switch to remote education and work during the ongoing coronavirus pandemic, research firm IDC estimates that global PC shipments grew 14.6% in Q3 2020 and reached 81.3 million units shipped.

The research firm also estimates that Apple shipped 6.89 million macOS devices during the quarter, up from 4.59 million units in the year-ago quarter. That represents year-over-year growth of 38.9%, IDC’s estimates show.

“Consumer demand and institutional demand approached record levels in some cases,” IDC Research Manager Jitesh

Ubrani said. “Had the market not been hampered by component shortages, notebook shipments would have soared even higher during the third quarter as market appetite was yet unsatiated.”

Apple’s market share also grew slightly during the same period. In Q3 2020, Apple had an 8.5% share of

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Strong gains for technology stocks send Wall Street higher

Solid gains for technology stocks pushed Wall Street higher Monday, tacking more gains onto last week’s rally. The S&P 500 rose 1.6%. Big Tech companies including Apple and Amazon, whose businesses have been thriving despite the pandemic, led the way higher. Companies that depend more on broad growth in the economy didn’t rise as much. Investors are still waiting to see whether Washington can get past its partisan divide to deliver more support for the economy. This week also marks the start of earnings reporting season, when CEOs will detail how their companies fared from July through September.

THIS IS A BREAKING NEWS UPDATE: AP’s earlier story appears below.

Stocks are pushing higher on Wall Street in afternoon trading Monday and tacking more gains onto last week’s market rally, its best in three months.

The S&P 500 was 2% higher, following up on strengthening in stock markets around the world.

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Road rage caught on camera (STRONG VIDEO) | US & World News

(Meredith/CBS13) — Dash camera footage from California captures a driver brake-checking another vehicle, and the other driver swerving out of control.

California Highway Patrol say they have been seeing an increase in road rage, and the latest incident was caught on camera.

Dash camera footage captures a white vehicle suddenly hitting the brakes on the freeway.

The person behind the white car tries to avoid slamming into the back of the vehicle, but hits the side of it instead and spins out of control.

Carlos Gaytan, the man who captured the incident on his dash cam, was stunned.

“It just amazes me because it could have been a lot worse. He could have hit those other vehicles that were in front of him when he lost control, I mean it could have been 3 or 4 vehicles involved plus mine,” Gaytan said.

People are becoming more aggressive on

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Why Is The Market So Strong And Economy So Weak?

The continuing strength of the stock market, even as the coronavirus pandemic batters the U.S. economy, has baffled many investors. The Dow Jones Industrial Index fell some 35% in 20 trading days the first three weeks of March as COVID-19 began spreading rapidly globally, but it has since gained nearly 60% to levels above 28,650. At the same time, the Commerce Department reported the U.S. economy shrank 31.7% in the April-June quarter. Part of our job at Equitas is to research many areas of the market and the economy, analyze the current environment, and to search for the investment opportunities. While there are numerous views and theories, in this KnowRisk Report we explore and expand on why the stock market is so strong, while the economy is so weak. We start with Wharton finance professor Itay Goldstein who has boiled it down into two reasons: the long-term prospective of the

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2020 Life Sciences Sector Report from CLSA Shows Strong Growth in Jobs, Investments and Therapeutic Pipeline in California

SAN FRANCISCO, SACRAMENTO, SAN DIEGO, Calif. & WASHINGTON–(BUSINESS WIRE)–Oct 7, 2020–

California Life Sciences Association (CLSA), the trade association representing California’s life sciences industry, today released the 2020 California Life Sciences Sector Report, which shows that California’s life sciences sector directly employed 323,723 people, generated $191.6 billion in revenue, is projected to attract $6.5 billion in venture capital (VC) and received $4.5 billion in funding from the NIH. Produced with PwC US, the 2020 snapshot highlights the strength of California’s biomedical sector – the largest cluster in the world – as evidenced by significant increases in employment, earnings, graduating science and engineering PhDs, VC investment, and potential new drugs and medical devices in the pipeline.

Key Highlights from 2020 California Life Sciences Sector Report

  • 4.0% increase in total life sciences jobs (up more than 12,000 from prior year), with companies directly employing 323,723 Californians – the most in
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ExaGrid Reports Continued Momentum with Strong Quarter Ending Q3-2020

Record number of six-figure deals and release of Version 6.0 with ransomware recovery feature

ExaGrid®, the industry’s only Tiered Backup Storage solution, today announced that it hit its plan for the quarter ending September 30, 2020 and added over 100 new customers in the quarter. The results included a record 27 new customers with initial six-figure purchases and one existing customer with a seven-figure purchase.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201006005031/en/

“Customers have less viable options for backup storage,” said Bill Andrews, CEO and President of ExaGrid. “Low-cost primary storage disk is too expensive for longer-term retention due to the amount of retention copies required. Inline scale-up deduplication appliances, such as Dell EMC Data Domain, are slow for backups and restores due to an inline deduplication process, don’t scale due to a scale-up storage architecture, and are expensive. The market is increasingly seeing

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