U.S. watch sales fell the most in seven years in June, one of the first signs Apple Inc.’s watch is eroding demand for traditional timepieces. The 14 percent decline in unit sales was the largest since 2008, according to Fred Levin, head of the market researcher’s luxury division. “The Apple Watch is going to gain a significant amount of penetration,” he said Thursday in a phone interview.
U.S. watch sales fell the most in seven years in June, one of the first signs Apple Inc.’s watch is eroding demand for traditional timepieces. The 14 percent decline in unit sales was the largest since 2008, according to Fred Levin, head of the market researcher’s luxury division. “The Apple Watch is going to gain a significant amount of penetration,” he said Thursday in a phone interview.
Solid U.S. jobs data released on Friday pushed the dollar higher versus several currencies, making it more expensive for the countries using them to buy oil priced in dollars. “The sentiment is very negative, so the market is looking for reasons to go lower,” said Richard Mallinson, an analyst with Energy Aspects.
U.S. stocks traded lower as declines in oil weighed amid the July employment report that supported the case for a rate hike as early as September.
A $3 million yacht left Key West this week with two barbeque grills, 250 channels of satellite TV and a just-in-case plan for rescuing stranded Cuban rafters encountered in the Florida Straits. After four …
U.S. stocks traded lower as declines in oil weighed amid the July employment report that supported the case for a rate hike as early as September.
Solid U.S. jobs data released on Friday pushed the dollar higher versus several currencies, making it more expensive for the countries using them to buy oil priced in dollars. “The sentiment is very negative, so the market is looking for reasons to go lower,” said Richard Mallinson, an analyst with Energy Aspects.
Gold rose on Friday as the dollar softened, but was on track for a seventh straight weekly fall, the longest since 1999, as the market braced for U.S. non-farm payrolls data that could help determine the timing of a Federal Reserve rate hike. “It certainly remains a challenging environment for gold prices to maintain any upward momentum,” Standard Chartered analyst Nicholas Snowdon said. Spot gold was up 0.3 percent at
A $3 million yacht left Key West this week with two barbeque grills, 250 channels of satellite TV and a just-in-case plan for rescuing stranded Cuban rafters encountered in the Florida Straits. After four …
Solid U.S. jobs data released on Friday pushed the dollar higher versus several currencies, making it more expensive for the countries using them to buy oil priced in dollars. “The sentiment is very negative, so the market is looking for reasons to go lower,” said Richard Mallinson, an analyst with Energy Aspects.