Apple's $62B hit is bad…but it's not the worst
Apple’s stock has sunk in after-hours trading and is on course to write a new page in the history books.
Tag "3"
U.S. home sales near eight-and-a-half-year high, prices rise
U.S. home resales rose in June to their highest level in nearly 8-1/2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year. The National Association of Realtors said on Wednesday existing home sales increased 3.2 percent to an annual rate of 5.49 million units, the highest level since February 2007. Existing
With Apple and others, stocks ran ahead of reality
The only thing that’s truly changed over the past week is stock prices and the investor emotions and expectations that rose with them.
Fannie Mae sells $500 million bills at higher rates
Fannie Mae , the largest U.S. home funding source, said on Wednesday it sold $500 million of benchmark bills at higher interest rates compared with last week’s sale of similar maturities. Fannie Mae said …
Gold Sinks in Longest Rout Since '96 as Goldman Sees More Losses
Gold futures retreated for a 10th day in the longest run of losses since 1996 as Goldman Sachs Group Inc. predicted further declines and investors sold more through funds. Bullion has fallen out of favor with investors as the Federal Reserve prepares to raise interest rates, boosting the dollar and hurting gold’s allure. Prices could fall below $1,000 for the first time since 2009, Jeffrey Currie, Goldman’s New York-based head
OPEC sees oil drop as short-term, expects stronger demand: delegates
LONDON/DUBAI (Reuters) – A drop in oil prices this month is likely to be short-term and will not deflect OPEC from its policy of keeping output high to defend market share, delegates from Gulf OPEC members and other nations said. OPEC, in a major policy shift, decided in November against cutting its production target of 30 million barrels per day (bpd) to prop up prices, seeking instead to defend market
Analysts as upbeat as ever on Apple; Investors not so much
Analysts, for the most part, remain as upbeat as ever on Apple after investors knocked more than $65 billion off the company’s market value in initial reaction to the company’s quarterly results on Tuesday.
Alibaba's latest bid to take on U.S. cloud giants
Alibaba has moved to assure its cloud customers that their data is safe, as it looks to expand further into markets like the U.S and take on companies like Amazon and Microsoft.
Home Depot to buy Interline Brands for $1.63 bln
Home Depot Inc said it agreed to buy home repair and maintenance product seller Interline Brands Inc for $1.63 billion. The all-cash deal is expected to be completed in Home Depot’s quarter ending Nov. …
NRF lowers 2015 retail sales forecast citing slow first half
The National Retail Federation, the biggest U.S. retail association, cut its forecast for retail sales growth in the country this year, citing an unexpected slowdown in growth in the first half of the year. The NRF now expects U.S. retail sales to grow 3.5 percent in 2015, lower than the 4.1 percent growth it forecast in February. ” … A deflationary retail environment has been especially challenging for retailers’ bottom