Ultimately the Dow is going to go much lower than 23,000, and it will shake Wall Street to the core.
Apple was widely applauded for becoming the first American company to break the trillion dollar barrier. However, its value has slumped to $839bn for a variety of reasons, though other technology stocks have also suffered in a stock market reversal.
Trump said in an interview with the Wall Street Journal that he could put a 10% tariff on iPhones and Chinese electronic goods.
"I mean, I sold short on Apple three months ago at $230. I'd be willing to buy at $175 or $180," says professor Aswath Damodaran.
Apple is quietly shutting down the "Connect" feature on its streaming service Apple Music.
"I understand that that may be hard for some people to believe," Munster concedes, "but, ultimately, I think that that's the trajectory that this company is on."
With just two weeks to go in the holiday shopping season, Amazon has restocked some of its most popular Apple offerings and is offering them at the lowest prices, including 2018 iPads for $269.99 ($60 off), $50 off Apple Watches; 13-inch MacBook Pros for $1,129 ($170 off), and 2018 MacBook Airs for $1,069 ($130 off). Grab them while you can, as they're unlikely to last long.
In revamping artist listings on Apple Music, the company is removing Connect posts from artists’ pages – effectively killing off a major part of Apple Music‘s social features. The company introduced Connect with the launch of Apple Music back in 2015, to let artists reach out to fans directly by posting updates to a feed. However, after an initial flurry of activity, posts from artists soon dried up. In 2016, Apple removed the dedicated Connect tab from the app, and moved it to the ‘For You’...
Twitter's stock dropped, Thursday, after the social network faced controversy for banning two conservatives: Jesse Kelly and Laura Loomer. Financial news site the Street believes the drop is tied to fears of a conservative boycott of the social media platform.
Wall Street investors are enamored with a newly emergent tech company. It has nothing to do with posting selfies or finding a soul mate. The company is instead making billions of dollars selling cloud-computing and other technical services to offices around the world. Say hello to...