Stocks rose after China unveiled several fiscal and monetary stimulus measures in an attempt to limit the damage from coronavirus-fueled business shutdowns…
Tag: macroeconomy
Mobile World Congress cancellation is good news for Apple’s ‘iPhone SE 2’
sterday’s cancellation of the 2020 Mobile World Congress in Barcelona, Spain, could very well be good news for Apple’s “iPhone SE 2” launch…
Apple suppliers scramble to restart production in China while keeping vast factories coronavirus-free
Apple suppliers in China are scrambling to restart production. Foxconn’s main Longhua campus in Shenzhen is the size of 250 football fields…
Foxconn refutes Reuters report on restart timeline for Chinese factories
In a statement to the Taipei stock exchange, Taiwan’s Foxconn on Thursday refuted that recent Reuters reports on its plans to restart factories in China…
Coronavirus infects Apple’s Mac Pro delivery schedule
For at least a week, many custom iMac, iMac Pro, and MacBook Pro configurations have been facing longer-than-usual delivery estimates on Apple’s online store…
Mobile World Congress 2020 canceled due to Coronavirus outbreak
The 2020 Mobile World Congress has been canceled by GSMA due to fears surrounding the 2019-nCoV coronavirus outbreak. The decision to abandon…
Apple shares surge as Chinese factories accelerate post-coronavirus restarts
Following a report that Foxconn’s iPhone assembly plants will speed up their return to normal production, the market saw Apple shares surge …
Coronavirus effects on Apple to date
The 2019-nCoV coronavirus continues to spread through China. Here’s a rundown of the effects on Apple due to the coronavirus so far…
Foxconn plans to resume 50% of output in virus-hit China by end of month
Foxconn plans to resume 50% of output in virus-hit China by end of February, as the major Apple-supplier reopens plants shut over the coronavirus outbreak…
JPMorgan: Coronavirus may be smaller risk to Chinese manufacturing than feared
The 2019-nCoV coronavirus outbreak that killed at least 1,018 may be a smaller risk to Chinese manufacturing than feared, according to JPMorgan …
Nasdaq climbs to record as investors look past coronavirus
The Nasdaq Composite and S&P 500 clinched closing records on Monday as investors took heart in mostly solid U.S. fourth-quarter corporate earnings…
U.S. jobs report: U.S. adds a much stronger-than-expected 225,000 jobs
The January jobs report is out and the U.S. has added a much stronger-than-expected 225,000 jobs, well above Wall Street estimates…
U.S. stock index futures primed for a big rally at open
U.S. stock index futures surged 1% on Tuesday, signaling a recovery for Wall Street from a sharp coronavirus-led pullback last week, with fresh…
Analyst: Apple Retail Store closures in China pose ‘containable’ risk
Wedbush analyst Daniel Ives says, the Apple Retail Store closures in China likely won’t cause the loss of significant sales…
U.S. stock futures look to rebound as China seeks to curb virus impact
As China took steps to relieve pressure on its economy from the impact of the 2019-nCoV coronavirus, U.S. stock index futures climbed on Monday…
Apple’s budget-friendly ‘iPhone SE 2’ reportedly now in trial production
According to supply-chain sources, Apple is already in trial production of a new budget-friendly “iPhone SE 2.” Mass production set to begin shortly…
Stocks hit hard by rising coronavirus cases, which near 10,000
Stocks are being hit hard by concerns over rising coronavirus cases. The escalating spread of the coronavirus rattled global markets…
U.S. consumer confidence jumps, stocks rise
The Conference Board’s consumer confidence index jumped to 131.6 this month from 126.5 in December. U.S. stocks ticked higher following the data’s release…
U.S. stocks set to recover after coronavirus scare on Monday
A day after the S&P 500 suffered its worst day in nearly four months, U.S. stock indexes are set to recover on Tuesday as world markets stabilized…
Stocks hit record highs as U.S. housing starts soar to 13-year high
Shares of Apple are up on better-than-forecast weekly jobless claims, strong business activity numbers, and as U.S. housing starts hit a 13-year high…
U.S.-China trade deal, optimism power stocks to new record highs
Powered by optimism about the U.S.-China trade deal, as well upcoming earnings reports, Apple and other tech stock pushed Wall Street to record highs…
Apple shares on track to open at record high, near $300; all 30 Dow stocks are up in premarket trading
The Dow Jones Industrial Average DJIA, +0.27% is set for a unanimously bullish start to the new year and decade…
Dow, S&P 500, and Nasdaq close at record highs as Wall Street shrugs at Trump impeachment
Stocks set closing and intraday records Thursday even after the House of Representatives voted to impeach President Donald Trump…
Wall Street extends record-setting climb on upbeat U.S. economic data
The benchmark S&P 500 hit a record high for a fourth straight session, building on its 27% gain this year while Apple shares hit a new all-time record…
President Trump’s trade deal with China removes major hurdle for rally in Apple and tech
U.S. President Donald Trump’s limited trade deal with China removes a major hurdle for Apple..
Dow jumps 300 points on strong U.S. jobs report; Apple hits new all-time high
U.S. stocks soared Friday after a much better-than-expected employment report for November from the Labor Department which saw the economy create 266,000 new jobs…
November U.S. job growth increased by the most in 10 months, confirming economic expansion continues
Employers added 266,000 jobs in November and unemployment matched a 50-year low of 3.5%…
U.S. and China move closer to trade deal despite harsh rhetoric
The U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal…
2019 Cyber Monday sales breaks record
Cyber Monday is the final day of the Thanksgiving shopping extravaganza and this year, shoppers racked up a whopping $9.2 billion in online sales…
U.S. GDP rose a better-than-expected 1.9% in Q3; private payrolls increase tops expectations in October
Personal consumption expenditures, a gauge of spending by American households, rose at a 2.9% annualized rate…
Stock market rallies on U.S.-China trade deal hopes; focus shifts to Trump-Liu meeting
Wall Street rose for the third straight session on Friday, with hopes running high that the talks between President Donald Trump and Chinese Vice Premier Liu He…
Stocks jump as China-U.S. trade talks come into focus
U.S. stocks rose Wednesday, as China and the U.S. attempted to ease simmering tensions, a day before high-level trade talks are scheduled to commence…
U.S. futures, Apple shares jump after President Trump says China wants to restart trade talks
Speaking at the G7 summit in Biarritz, France, on Monday, Trump said that he had received two phone calls from Chinese officials…
Dow plunges 800 points in worst day of 2019
A selloff in U.S. stocks accelerated into Wednesday afternoon after the bond market flashed its brightest warning signal…
Analyst: Goldman Sachs spends $350 for every Apple Card customer; may lose money on credit card in the next recession
An analyst estimates that Goldman Sachs spends $350 to acquire each new Apple Card holder and thinks the bank will begin to break even on a customer after four years…
U.S. Treasury bond curve inverts for first time since 2007 in recession warning
In a classic sign of investor concern that the world’s biggest economy could be heading for recession, the U.S. Treasury bond yield curve inverted on Wednesday for the first time since 2007…
U.S. stock futures drop 380 points after China retaliates, escalating trade war
U.S. stock futures fell sharply on Monday as a trade war between the world’s largest economies intensified…
U.S. Federal Reserve cuts rates for first time since 2008
The Federal Reserve cut interest rates by 25 basis points in its policy-setting meeting on July 31..
Britain’s new leader Boris Johnson vows to get Brexit done
Boris Johnson, the ebullient Brexiteer who has promised to lead Britain out of the European Union with or without a deal by Halloween…
Apple leads tech rally after shedding U.S.-China trade war albatross
Apple Inc. jumped the most in three weeks after the U.S. and China declared a trade truce over the weekend…
Dow posts best June since 1938
U.S. stock benchmarks have mostly enjoyed a healthy run-up on the back of the Federal Reserve’s…
Apple iPhones, Macs, and other tech goods could account for proposed China tariffs of $167 billion
U.S. consumers will delay or forgo technology upgrades if President Donald Trump imposes a new round of 25% tariffs on Chinese goods…
