Investment bank Piper Sandler has upped its Apple target price to $130 on the strength of new Apple products and services that address…
Tag: COVID-19
Tech leads Wall Street sell-off, some investors eye long recovery
Investors dumped the high-flying technology sector, while concerns about a long and difficult recovery in some quarters were highlighted…
Dow plunges 800 points amid better than expected U.S. jobless claims; Apple drops
The Dow Jones Industrial Average plunged more than 800 points early Thursday amid declining jobless claims. Tech giant Apple slid 5%…
Up to 90% of those who tested ‘positive’ for COVID-19 wrongly diagnosed
The most widely used diagnostic test for the new coronavirus, called a PCR test, provides a simple yes-no answer to the question…
Apple to reopen U.S. retail stores that were twice shuttered due to COVID-19 fears
Apple plans to start reopening U.S. retail stores that had been closed over the past several weeks due fears over local COVID-19 cases…
Stocks soar to record highs as President Trump hails ‘major breakthrough’ in COVID-19 fight
U.S. stocks rallied to record highs after a report said a COVID-19 vaccine could come before the November 3rd election and President Trump …
Bill Gates: We’re lucky COVID-19 wasn’t a more fatal disease
Bill Gates says he’s optimistic about the chances of seeing through the wilder theories from anti-vaxxers and others and of beating COVID-19…
Apple opposes President Trump’s proclamation on suspending U.S. entry of alien workers
Apple, along with several of nation’s largest tech companies have joined the court battle against President Trump …
S&P 500 nears record high as U.S. stimulus bets climb
The S&P 500 closed in on its February peak on Tuesday on hopes for more U.S. stimulus., returning to levels prior to the reaction to COVID-19…
Montreal’s flagship Apple Store closed until further notice due to COVID-19
Apple Sainte-Catherine in Montreal is closed until further notice. A customer who brought in a MacBook for repairs on Thursday…
Why Apple deserves to be worth $2 trillion
Apple is currently worth almost $2 trillion, $1.927 trillion to be exact – or roughly the size of Italy’s gross domestic product…
U.S. Treasury Sec. Mnuchin: Democrats now ‘willing to compromise’ on COVID-19 stimulus package
Treasury Secretary Steven Mnuchin said Monday that he believes Democrats are “willing to compromise” on a fourth COVID-19 stimulus package…
Apple and T-Mobile team to offer up to 1 million discount iPads for distance learning in California
California State Superintendent of Public Instruction Tony Thurmond announced today that the California Department of Education (CDE)…
Stock futures turn positive after much better-than-expected U.S. unemployment data
Stock futures turned positive after much better-than-expected U.S. unemployment data was released. New filings for U.S. unemployment benefits…
Analyst: Apple repurchased 51 million AAPL shares last quarter at $311 apiece
Evercore analyst Amit Daryanani estimates that Apple bought 51 million AAPL shares last quarter at $311 apiece. Apple today is currently trading above $440…
Apple iPhone assembler eyes major production shift out of China to India
In a major production shift out of China as part of global business’ efforts to diversify supply chains following the COVID-19 debacle, a contract…
MacDailyNews presents live notes from Apple’s Q320 conference call
MacDailyNews presents live notes from Apple’s Q320 Conference Call with analysts starting at 5pm ET today. The company posted record quarterly revenue…
Nasdaq rises as Apple, other tech stocks gains ahead of earnings
The Nasdaq Composite rose Thursday as shares of Apple and other major tech stocks rose ahead of their earnings releases. The broader market remained…
Stock futures sink as COVID-19 shutdowns cause historic U.S. contraction
Wall Street’s main indexes were set to open lower on Thursday after data showed the economy suffered its steepest contraction since the Great Depression…
What analysts want to see from Apple’s COVID-19-infected earnings report
Amid the ongoing COVID-19 pandemic and widespread economic shutdowns, Apple is scheduled to report fiscal Q3 2020 earnings after Thursday’s market close…
4 things to watch during Apple’s earnings report on Thursday
Apple’s Q3 2020 earnings report is scheduled for Thursday after the closing bell. Analysts polled by FactSet are expecting earnings per share of…
EU imposes sanctions on China, moving closer to Trump administration’s tougher stance
On Tuesday, the European Union imposed sanctions on China over its treatment of Hong Kong moving the bloc closer to the Trump administration’s tougher…
COVID-19: Some have confused ‘flattening the curve’ with ‘eliminating the virus’
In a question about COVID-19 to Mike Rowe (Dirty Jobs With Mike Rowe, Somebody’s Gotta Do It, Returning the Favor) on FaceBook, a follower of his asked…
Tech drags Wall St lower as U.S.-China tensions and COVID-19 cases mount
Wall Street’s main indexes dropped on Friday as U.S.-China tensions and fears over mounting COVID-19 cases weighed on investor sentiment…
Apple Q3 earnings: What to look for next week
Ahead of the Apple earnings report next Thursday, shares have climbed about 73% since mid-March amid growing optimism after plunging earlier this year…
Dow falls 400 points as Apple, Microsoft drop
In volatile trading on Thursday, share prices fell as Apple and Microsoft led the broader market lower. The Dow Jones Industrial Average dropped 410 points…
The digital contact tracing charade
Digital contact tracing is turning out to be nothing more than a charade, as we, of course, quite clearly predicted months ago…
COVID-19 closed tens of thousands of businesses – forever
Many U.S. states have been reopening their economies in the wake of extended COVID-19 shutdowns, but businesses across America are still closed — many…
Forrester: Apple was the only Fortune 50 company to foresee and insure against pandemic risk
According to analysis by research firm Forrester, Apple was alone among corporate giants in foreseeing the pandemic risk several years ahead…
U.S. stocks indexes rise on hopes fiscal stimulus will revive COVID-19-battered economy
The S&P 500 and the Dow indexes rose on Tuesday as investors poured into economically sensitive sectors on bets that fiscal stimulus would revive…
S&P 500, Nasdaq rise on promising COVID-19 vaccine hopes, tech boost
The S&P 500 and Nasdaq rose as promising early data on multiple COVID-19 vaccine candidates countered fears in some quarters over increasing cases…
Growth of Taiwan export orders hits two-year high on strong tech demand
As the COVID-19 pandemic forced millions of people around the world to work from home, Taiwan’s export orders grew at their fastest pace in nearly two…
Apple accessory maker Belkin launches made-in-USA COVID-19 face masks
Belkin on Thursday announced its face masks are now available for purchase on Belkin.com to help address the ongoing need for personal protective…
Stocks surge on positive COVID-19 vaccine news
Stocks are surging Wednesday on positive COVID-19 vaccine news from Moderna which said its coronavirus vaccine produced a “robust” immune response…
Why Apple’s June quarter earnings will likely exceed expectations
Thanks to the COVID-19 pandemic, the second quarter’s market-wide – and Apple’s – earnings are expected to be rough, but how rough?
Apple: Full return of employees to U.S. offices won’t occur before year end
Apple says the full return of employees to the company’s U.S. offices won’t occur before year end due to COVID-19. Deirdre O’Brien, Apple’s senior vice…
Nasdaq hits record high as tech stocks rise, jobless claims come in better than expected
Stocks moved higher Thursday morning, with tech shares continuing their relentless march higher and sending the Nasdaq Composite to a fresh record high…
Foxconn’s revenue begins to recover from COVID-19 shutdown
Major Apple supplier Foxconn’s revenue appear to be recovering broadly in line with the company’s forecast, following the COVID-19 shutdown…
Wall Street climbs on hopeful signs of U.S. economic rebound
Wall Street’s major indexes edged higher on Wednesday, supported by tech shares as traders’ hopes were bolstered by early signs of a U.S. economic rebound…
Apple greatly expands iPhone repair services across the US and to businesses in Europe and Canada
Apple is expanding its Independent Repair Provider Program with additional options for customers to access iPhone repair services. The industry-leading…
Study: Treatment with hydroxychloroquine cut death rate significantly in COVID-19 patients
A new study published recently by Henry Ford Health System shows that treatment with hydroxychloroquine cut the COVID-19 death rate significantly…
Review: Tom Hanks’ ‘Greyhound’ is easily worth an Apple TV+ subscription
No, Greyhound is not about a seemingly endless bus trip down the Thruway to New York City, the thought of which today induces an involuntary COVID-cringe…
