A new U.S. Labor Department report shows U.S. employers added 4.8 million jobs in June. The biggest increase on record. Unemployment dropped more than…
Tag: U.S. economy
U.S. stocks gains on economic recovery hopes
U.S. stocks rose about 1% on Friday with the tech-heavy Nasdaq hovering near a fresh record high on hopes of a recovery in post-pandemic economic…
Nasdaq hits record high as COVID-19 shutdown-induced U.S. recession becomes official
An economic recession is a business cycle contraction when there is a general decline in economic activity. In the U.S., it is defined as a significant…
Nasdaq hits record high as U.S. economy shows signs of swift rebound
On growing hopes of a swift economic rebound, the Nasdaq on Friday became the first of the three major U.S. stock indexes to bounce back to a record high …
Silicon Valley could be engine of economic recovery
Silicon Valley, often called an engine of California’s economy, was able to wield the shield of its vaunted tech sector in April to ward off some…
President Trump: We won’t close America when second COVID-19 wave hits
President Donald Trump said “we are not closing our country” if the U.S. is hit by a second wave of COVID-19 infections. “People say that’s a very…
Apple COO Jeff Williams ‘optimistic’ about post-coronavirus US economy
Apple Chief Operating Officer Jeff Williams is “optimistic” about a U.S. economy recovery from the COVID-19 reaction as businesses begin to reopen…
Apple’s 2H20 growth rates depend on a healthy macroeconomic recovery
New products, stimulus and remote work/learning purchases are currently boosting Apple’s sales, but a healthy macroeconomic recovery will…
President Trump says Apple CEO Cook sees V-shaped recovery
The two discussed the COVID-19 pandemic and state of the economy. Trump said Cook believes the economy will have a V-shaped recovery …
Why the stock market could boom this year with its biggest rally ever
The stock market, before Wednesday, rallied strongly as the coronavirus curve flattened. Imagine, now, the magnitude of the rally …
Apple CEO Cook joins President Trump’s committee on reopening American economy
President Donald Trump said Tuesday that he’s enlisting advisers from nearly all sectors of American commerce, including Apple CEO Tim Cook, members…
Dow tumbles more than 500 points as COVID-19 shutdown slams economy
Stocks fell sharply on Wednesday as the COVID-19 shutdown slams the economy. Dismal economic data and weak bank earnings fueled concerns…
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…
Dow soars to close up 11% in best day since 1933
The Dow Jones Industrial Average soared on Tuesday, logging its best day in 87 years as the Trump administration neared agreement on a $2 trillion…
Should President Trump close all nonessential U.S. businesses?
Should President Trump declare all-out war on the coronavirus by closing all nonessential U.S. businesses? The Federal Reserve has fired its bazooka…
Wall Street drops after Federal Reserve’s surprise rate cut
Wall Street dropped on Tuesday in a volatile session after the U.S. Federal Reserve surprised investors with a half percentage-point cut in interest rates…
Fed seen cutting rates amid virus threat, low inflation
Traders are betting that the U.S. Federal Reserve may move aggressively to cut rates due the effects of the COVID-19 coronavirus outbreak…
S&P 500, Nasdaq hit new all-time highs
The S&P 500 and the Nasdaq hit all-time highs on Wednesday on confidence in the U.S. economy and hopes that China would take more measures…
Stocks rise on China stimulus hopes, signs of slowing virus spread
Stocks rose after China unveiled several fiscal and monetary stimulus measures in an attempt to limit the damage from coronavirus-fueled business shutdowns…
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…
Apple helps boost Dow as Fed holds rates steady
Apple today helped to boost the Dow Jones Industrial Average after posting stellar results. The Dow closed today up, the S&P 500 was up, and the Nasdaq was up…
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…
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…
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%…
S&P 500, Nasdaq hit record high on U.S. jobs report, China data
Wall Street’s main indexes advanced on Friday, as investors took comfort from data that showed U.S. jobs growth slowed less than expected..
Stock futures jump after China’s upbeat comments on trade talks with U.S.
U.S. stock index futures jumped on Thursday as China sounded upbeat about its trade talks with the United States, calming investors…
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…
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..
