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  • Millions Expected In Pot Taxes Through 2019

    maryjanemoneyEconomic forecasters are predicting that the state's legal recreational marijuana market is expected to bring in about $636 million to state coffers through the middle of 2019. The forecast by the Economic and Revenue Forecast Council showed that just over $25… Read More +

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  • Morrison's HR In 9th Puts M's Past Angels 3-1

    mariners400Logan Morrison hit a three-run homer with two outs in the ninth inning that broke a scoreless tie, and the Seattle Mariners boosted their wild-card hopes with a 3-1 victory over the Los Angeles Angels on Thursday night. With just their third win in nine games, the Mariners pulled within one game of the slumping Oakland Athletics for the second AL wild-card spot.

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Stocks Tumble Lower; Apple Earnings Beat Expectations

b_250_0_16777215_00_images_obgrabber_2014-01_ede4e920db.jpgiStock/Thinkstock (NEW YORK) -- Stocks closed slightly lower Monday. The Dow Jones Industrial Average fell 44 points to 15,837. The S&P 500 lost 8 points, while the Nasdaq dropped 44 points. Investors were encouraged by signs of stability in Argentina and Turkey, two of the emerging markets that got slammed last week.

There's also been concern that China's economic engine is slowing down, potentially dragging other developing countries along with it. Apple reported its earnings Monday, with revenue beating expectations. The company sold more iPads and Mac computers than analysts had expected. 

However, the company's iPhone did not meet sales expectations. Apple reported it sold 51 million iPhones last quarter -- analysts expected 56 to 57 million.

Investors in the immediate aftermath of Monday's results seemed to be upset that the number of iPhones sold was significantly below what Wall Street was expecting. Apple's stock dropped more than $30 a share in after-hours trading.

Guidance for Apple's next quarter also is coming in below what investors were expecting.

Copyright 2014 ABC News Radio

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