Federal Reserve Chairman Jerome Powell said Thursday that the economic rebound following the coronavirus-induced shutdown “can be robust.”
Tag: COVID-19
S&P 500 rallies to join Dow in exiting bear market
U.S. equity markets rallied to session highs Wednesday as the S&P 500 exited its bear market helped by a basket of news investors believe will be…
5G iPhone timetable may be revealed in Apple’s April 30th earnings report
Apple is scheduled to reveal their second quarter 2020 earnings report on April 30th. The company’s guidance and comments by Apple executives…
Early Asia tech results signal steady recovery after COVID-19 hit
Sales in China are rising again as COVID-19 cases there decline and global demand for chips is surging, positioning Asian tech for a steady recovery …
Apple joins ‘One World: Together At Home’ effort, donates $10M
Apple is joining the “One World: Together At Home” global special in support of the fight against COVID-19. The special will be broadcast live on…
‘Naked’ investors, not COVID numbers, will determine market performance
Naked investors who went all-in on stocks might sell once they recoup some of their losses, which could lead to a bigger decline in the market…
Stock rally surges in the final hour of trading
As the number of new coronavirus cases in the U.S. appeared to slow down, a stock rally surged on Monday, rebounding from sharp losses in the previous week…
Apple sources over 20M face masks to support COVID-19 response
Apple CEO Tim Cook today announced via Twitter that Apple has now sourced over 20 million face masks to support the global COVID-19 response…
Senate Democrats question Apple about COVID-19 screening app
Several U.S. Senate Democrats are questioning Apple CEO Tim Cook about the privacy of the company’s new COVID-19 screening app and website…
U.S. payrolls plunge 701,000 in March, unemployment rate rises to 4.4%
U.S. non-farm payrolls in March fell by 701,000 and the unemployment rate rose to 4.4%. Some two-thirds of the drop came in the hospitality industry…
Morgan Stanley lowers Apple price target to $298, suggests buying the dip
Morgan Stanley analyst Katy Huberty has trimmed her Apple price target to $298 from $328 while suggesting clients buy the dip.The title of …
U.S. Apple Retail Stores closed until ‘early May’
Apple will keep all of its retail stores in the United States closed until at least May. The company had announced last month that it would be shutting…
Deep, but short: What Apple’s production recovery tells us about COVID-19 recession
Due to the COVID-19 pandemic black swan, we’re now dealing with a significant global recession. The duration is the most important factor…
Beware COVID-19 tracking: Emergency powers can outlive their emergencies
Mass surveillance methods pitched to save lives around the world, which permit fast, accurate COVID-19 tracking by authorities that was not possible…
Analyst projects multi-quarter COVID-19 impact on Apple iPhone
Apple in February said it had both supply and demand issues due to the COVID-19 pandemic. Now, Argus projects the negative impact is likely to play out…
Apple asks retail store workers to take on remote tech support roles
Apple is asking retail store employees to temporarily take on remote technical support roles while stores remain closed. The workers will still be paid…
Apple, Goldman let Apple Card holders defer April payments
Due to the financial pressure from the COVID-19 pandemic, Apple and Goldman Sachs are letting Apple Card users defer April payments …
New research pegs COVID-19 death rate at 0.66%
The question of how many people die after being infected with SARS-CoV-2 coronavirus, the COVID-19 death rate, has been a moving target as testing and data…
China hid data showing severity of COVID-19 coronavirus outbreak
According to three U.S. officials, China hid data showing severity of COVID-19 coronavirus outbreak, under-reporting both the total cases and deaths…
Comcast’s unlimited broadband during COVID-19 should be permanent
The COVID-19 pandemic clearly demonstrates that Comcast, which is offering unlimited broadband during the crisis, could kill data caps forever…
Foxconn: Apple’s 5G iPhones on track for autumn launch
Apple iPhone assembler Foxconn says that the company can assemble next-generation 5G-capable iPhones in time for Apple’s usual autumn launch …
Apple to continue to pay hundreds of contract workers during COVID-19 shutdown
Hundreds of Apple contract workers at its Silicon Valley campus will continue to receive paychecks even with their jobs being suspended as work…
S&P 500 set for worst first quarter since 1938
The S&P 500 on course for its worst first quarter since 1938, even as Wall Street seemed to steady on Tuesday as investors returned to stocks that are…
Xiaomi claims China smartphone sales already close to full recovery
Chinese smartphone maker Xiaomi Corp is seeing signs of a sales recovery in China, it said on Tuesday, as the country claims it is returning to normal…
US government using cellphones to track Americans’ movements during coronavirus pandemic
US government officials are using location data from cellphones to track American’s movements during the coronavirus pandemic and how they may be…
US FDA authorizes use of chloroquine and hydroxychloroquine to treat COVID-19 patients
The U.S. Food and Drug Administration (FDA) issued an Emergency Use Authorization (EUA) to allow hydroxychloroquine sulfate and chloroquine phosphate…
Apple iPhone factories are up and running, but demand questioned
Apple iPhone assembler’s factories are largely up and running, but with the coronavirus pandemic spreading across the world, the question is how much demand…
More than ever, the world needs Apple’s annual iPhone cycle
Apple might delay the release of its upcoming 5G iPhone by several months, disrupting what’s become an annual iPhone cycle, because of the COVID-19…
Apple releases new COVID-19 app and website in partnership with White House Coronavirus Task Force, CDC, and FEMA
Apple today released a new screening tool and set of resources, including a new COVID-19 app and website, to help people stay informed…
Apple triples length of free trials for its pro creative apps
Apple announced today that they are temporarily extending the free trials on their pro creative apps, Final Cut Pro X and Logic Pro X, from 30 days to…
Dow rockets out of bear market, enters new bull market
The Dow Jones Industrial Average tumbled into a bear market in a mere 19 trading days. Mere days later, welcome to the new bull market!
Surging traffic from coronavirus lockdown is causing an internet slowdown
Due to coronavirus lockdown, surging traffic is slowing down the internet. As China locked down some provinces to contain the spread of the coronavirus…
US Senate approves $2 trillion coronavirus relief bill
The US Senate passed an historic $2 trillion coronavirus relief bill Wednesday night, as it tries to stem the destruction the pandemic has wrought…
US unemployment claims surge to 3.28 million, shattering record
US unemployment surged to 3.28 million last week, shattering a decades-old record in jobless claims as the coronavirus pandemic forced businesses…
Apple considering delaying launch of 5G iPhone by months, report claims
Apple is considering the possibly of delaying the launch of its first 5G iPhones as the coronavirus pandemic disrupts the company’s production schedule…
Smartphone sales fell 14% in February amid coronavirus pandemic
In February, global smartphone sales plummeted 14% as the coronavirus spread in China and overseas, Counterpoint Research said on Thursday…
Apple shares climb above key support level after rating upgrade
Apple shares on Wednesday climbed above a key support level in a bullish sign after Deutsche Bank analyst Jeriel Ong turned positive on the stock…
Apple donates 10M face masks in U.S. and millions more in Europe
Apple CEO Tim Cook announced via Twitter today that the company has sourced and will be donating 10 million face masks for the U.S. and millions more…
Bernie Sanders threatens to hold up emergency coronavirus relief bill
The prospect of a planned Senate vote on a $2 trillion stimulus package in response to the coronavirus pandemic dimmed Wednesday as Senator Bernie Sanders …
Coronavirus to add 5% to streaming service subscriptions in 2020
Although the longer term impact of the coronavirus remains uncertain, early evidence suggests that a boost to streaming service subscriptions usage…
How governments could track social media posts to enforce COVID-19 lockdowns
The prospect of governments tracking social media posts to enforce COVID-19 lockdowns is a real possibility. Government actions that would be considered…
Analyst: It’s time to buy Apple stock
Deutsche Bank analyst Jeriel Ong says it’s time to buy Apple stock. Ong on Tuesday upped his rating on Apple from Hold to “Buy,” while…
