Stocks set closing and intraday records Thursday even after the House of Representatives voted to impeach President Donald Trump…
Tag: macroeconomy
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…
Wall Street nears record as mood on trade again turns optimistic
Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing…
Analysts: China isn’t targeting Apple in trade war
Apple, Inc. has taken a beating in the month of May on concerns a breakdown in U.S. trade relations with China…
Companies like Apple that depend on rare earth metals have nowhere to turn, but China
China’s threat to clamp down on exports of rare-earth metals poses problems, because those exports account…
Huawei files legal motion seeking to declare a U.S. defense law unconstitutional
U.S. Secretary of State Mike Pompeo kept up the pressure on Huawei on Wednesday…
The phony boycott of Apple’s iPhone in China
According to a wide variety of analysts following Apple, the Trump Administration’s trade war with China…
Bloomberg: Apple and Nike brace for China’s wrath after Huawei ban
U.S. companies counting on China for a major part of their growth have targets on their backs…
Citi lowers Apple price target, claiming trade war will likely cut China sales in half
The U.S. trade war with China will further hurt iPhone sales…
Huawei founder says he would protest Chinese government retaliation against Apple
If that happens, I’ll be the first to protest
Huawei CEO and founder admits he buys iPhones for his family
Huawei CEO and founder Ren Zhengfei revealed he bought Apple iPhones for his family…
ARM cuts ties with Huawei after President Trump’s ban
ARM is complying with all of the latest regulations set forth by the U.S. government…
President Trump’s Huawei ban creates concern over Apple’s iPhone business in China
Last week, U.S. President Donald Trump effectively banned U.S. companies from working with Huawei…
Chinese diplomat tweets that Huawei ‘has cut Apple into pieces’ – from his Apple iPhone
China has reacted with uncharacteristic fury to what it deems a concerted U.S. attack…
Quantifying just how much the trade war could hurt Apple
The uptick in trade hostilities between Washington and Beijing could threaten Apple…
U.S. to offer temporary exemptions to Huawei export ban
The 90-day reprieve may be intended to help reboot U.S.-China trade talks…
Apple Face ID parts supplier Lumentum halts shipments to Huawei following Trump administration ban
Apple Face ID parts supplier Lumentum Holdings Inc is clamping down on the business it does with Huawei Technologies, after U.S. President Donald Trump imposed a ban…
President Trump’s Huawei ban could end Android as we know it and possibly have a lasting effect on Apple
Google is complying with Trump’s administration banning of Huawei…
Huawei’s mockery of Apple over 5G chip sourcing didn’t age well
In April, Huawei’s founder and chief executive Ren Zhengfei suggested to CNBC…
Google terminates Huawei’s Android license after Trump administration blacklist
Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware…
Apple shares decline as HSBC cuts price target over iPhone tariff concerns
Fears of Apple’s exposure to the trade war between the U.S. and China…
How the U.S.-China trade war could hike Apple iPhone prices
It’s been a week since the Trump administration raised tariffs from 10 percent to 25 percent on $200 billion worth…
U.S. may scale back Huawei trade restrictions to help existing customers
The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies….
Apple stock could jump by as much as 530%, despite President Trump’s raging trade war with China
Apple’s stock is poised to laugh in the face of President Donald Trump’s raging trade war with China…
