Why Yellen is more important to Apple than Icahn
Carl Icahn’s widely dissected bull case on Apple overlooks one key assumption: a dovish Janet Yellen continuing to delay a rate increase.
MONEY (MSM)
Snapchat CEO sees a bubble, blames interest rates
Snapchat’s young CEO Evan Spiegel said that years of near-zero interest rates have led people to make “riskier investments” than they otherwise would.
FIFA now subject to federal probes in US, Switzerland
FIFA’s reputation for corruption has reignited spectacularly two days before a presidential election expected to give Sepp Blatter four more years at the head of world soccer. Dawn raids by Swiss federal …
Bernanke sees no risk of hard landing in China, bullish on U.S. economy
Former Fed Chairman Ben Bernanke said that China’s economic slowdown should not worry markets as there was no risk of a hard landing, and emphasized that a move to raise U.S. rates should be viewed as a positive sign.
Michael Kors shares take dive on sales weakness, outlook
Michael Kors’ stock plunged more than 10 percent in premarket trading after the seller of handbags, clothing and accessories issued a weak outlook and said sales are being pressured by foreign currency …
EC Official Denies Greek Government's Statement That a Deal Is Close
European Commission Vice President Valdis Dombrovskis, who is in charge of euro matters, denied a Greek government statement that a deal is close with international creditors. “We are still not there,” Dombrovskis told reporters in Brussels.
Luxury Brands Shrink $7 Billion in Value
Louis Vuitton and Chanel were the only big luxury brands to increase in value last year as the industry grappled with slowing sales in China and Russia, research company Millward Brown said Wednesday in the 2015 BrandZ study. Vuitton gained 6 percent to $27.4 billion, placing LVMH Moet Hennessy Louis Vuitton SE’s biggest brand atop the luxury ranking for the 10th straight year. Chanel’s value rose 15 percent to $9
Tiffany tops Street 1Q forecasts
Tiffany & Co. (TIF) on Wednesday reported fiscal first-quarter profit of $104.9 million. On a per-share basis, the New York-based company said it had profit of 81 cents. The results topped Wall Street …
U.S. new home sales, prices rise strongly in April
New U.S. single-family home sales rose more than expected in April and the median price surged, suggesting the housing market recovery was gaining traction.
Walmart's animal welfare push, Disney's box office bust and Vatican investing
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