Shares of former tech darling Apple (AAPL) tumbled 11% on Thursday in their largest selloff since the 2008 financial crisis as Wall Street worries the iPhone maker’s incredible growth pace may be over.
The steep tumble leaves Apple at fresh 11-month lows and knocked the consumer-electronics giant off its perch as the world’s most valuable company by market capitalization, allowing ExxonMobil (XOM) to retake the top spot.
The bad day for Apple comes [...]
Obama reached zenith of popularity at 2008 Berlin rally
However, other countries now disappointed after expectations not met in President’s first term
In a world weary of war and economic crises, and concerned about global climate change, the consensus is that President Obama has not lived up to the lofty expectations that surrounded his 2008 election and Nobel Peace Prize a year later.
Many in Asia, Africa, the Middle East and Latin America [...]
In Europe, where more than 200,000 people thronged a Berlin rally in 2008 to hear Barack Obama speak, there’s disappointment that he hasn’t kept his promise to close the military prison at Guantanamo Bay, and perceptions that he’s shunting blame for the financial crisis across the Atlantic.
In Mogadishu, a former teacher wishes he had sent more economic assistance and fewer armed drones to fix Somalia’s problems. And many in the [...]
December isn’t looking as great as advertised, as retailers reported weaker-than-expected sales and dragged stocks to a muddled close. Tech stocks offered one of the day’s few bright spots. The dollar rebounded to a two-week high, and the correction in commodities resumed with crude oil finishing below $89. NYSE decliners led advancers by about four to three.
Blaming the weather:
Any lingering notion that Americans are back to their free-spending [...]