U.S. stocks moved higher on Thursday as tech stocks like Apple, Nvidia, and others erased early losses to turn green.
Barbara Kollmeyer for MarketWatch:
U.S. stock indexes were set to build on Wednesday’s gains as the minutes from the Fed’s latest meeting signaled that the central bank remained on track for 50 basis-point hikes in June and July, as policy moves “expeditiously” toward the projected neutral rate of interest.
According to several analysts, this outlook would give the Fed more wiggle room to reassess its planned rate hikes later this year, should economic growth sputter or the labor market start to falter…
Shares of Twitter Inc. surged after Tesla CEO Elon Musk said in a regulatory filing that he would lean on equity to finance his $44 billion Twitter deal, and not a margin loan backed by shares of his electric-car maker.
Shares of Apple Inc. turned higher, erasing losses from the premarket session, after a report said the iPhone maker plans to keep production of its flagship item flat this year due to industry challenges.
Separately, Apple said it would lift hourly pay for U.S. workers to $22 an hour, up 45% from 2018, to compete in a tight labor market and amid pushes by some employees to unionize.
MacDailyNews Take:
Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!
Shop The Apple Store at Amazon.
M D N Take: no snide political attacs today. About fscking time you made that site improvement.
CNN /MSNBC overdose?
Btw how much $ have you contributed to that site to make such demand? You want this site to be run your way, do it Elon way and stop whining. Money talks…
Could it be a site staffer attempts to defend the indefensible? With unfounded assumptions, of course. See how silly that is?
First: the “my biased media is better” argument. WHIFF. Not a cable news addict, sorry. You might want to know the sources before shadow boxing like a fool. You might restrict your information to a handful of sources, but intelligent balanced people take the effort to learn the facts from more than one place. Cherry picked talking heads and tweeting blowhards are not good data sources.
Next, the faulty $ makes one legitimate argument. That is weak. That is specifically why the founders of your country outlawed the poll tax.
You have a WordPress site that has swerved dramatically away from your stated title and mission. You choose not to ask for subscription, you are not a news agency, and you beg constantly for donations despite Google ad and tracker bombardment. You offer statement of site ownership, staff, where the money would go, or what nonprofit or business registration you hold. So yes, we’re still waiting to see you make good for the last rounds of donations you took. We gave you money and the site got worse. Far worse.
Nobody is demanding a seat on the board of directors here. You know exactly what the issue is. You have spent 6 years pushing extreme US politics instead of insightful reporting on Mac News. We demand that a civil, moderated, transparent Mac site come back, with no off topic
“commentary” and attacks that the site owners obviously allow selectively to slant the forum.
Finally: you show that you’re the worst offender, flying the flag for a druggie billionaire who has absolutely nothing to do with the topic nor Macs nor anyone in the room. Whatever fixation you have for self serving billionaire assholes, everyone has heard it enough.
If you can’t figure out how to make your site successful, set up a series of polls. You remember how to do that?