Apple is down 2%. The big gold ETF, GLD, is down 1.4%.
These moves are happening on a day when the market is basically flat. It’s not an accident that they’re diving together.
The reason is: During the immediate post-crisis era, gold and Apple were huge outperformers, that were uncorrelated to the day-to-day “risk on, risk off” regime that was dominating financial markets.
Remember, investors are desperate to find uncorrelated assets that don’t just [...]
Oil Is Getting Slammed
Crude oil prices are getting hit again today.
Right now, WTI crude futures are down 2.7%, trading around $86.30 a barrel.
In the past few minutes, for no obvious reason, oil made a significant move lower.
EUR Tumbles On Weidmann Comment Of Possible Rate Cut
European Stocks Plunge Most In Six Months
Worst 4-day run in 10 months in stocks…
Apple falls below $400 a share
SAN FRANCISCO (MarketWatch) — Apple Inc.AAPL -5.33% shares continued to [...]
Following last week’s revenue miss, FBN Securities’ Shebly Seyrafi on Thursday morning declared: “Apple’s glory days are now behind it.” (And that’s the view from a bull, mind you.) If that’s true, as many seem quick to believe, it leaves Apple open to the kinds of scrutiny of its cash that has plagued Microsoft for a long time.
Apple ended the quarter with $137 billion in cash and investments, more than [...]
Hoard of cash is bigger than U.S. Treasury’s operating cash balance
Enough to buy many technology companies outright
Could buy Facebook at its expected IPO valuation
Could ‘end world hunger’ for three years by UN estimates
Plans to be revealed 1pm UK time, 9am Eastern Time
Apple is to shed light on a mystery that has puzzled the worlds of technology and business for months – what the world’s richest company intends to do with [...]
The lines for the new iPad Friday were more than 75 percent shorter than the crowds that gathered to buy the iPad 2 a year ago, according to a survey by one research firm.
“We counted roughly 550 people on line at 5 locations combined, vs. the 2,300 people we counted in our iPad 2 survey last year,” wrote Daniel Ernst of Hudson Square Research in a report to clients this [...]
By Mark Gongloff
Apple shares finished the day at 411.63, up 2.8%, despite a widespread selloff everywhere else (although the Nasdaq was fairly well-behaved).
That’s a new all-time closing high for Apple stock and just the third close above $400.
Dubious comparison time! Apple is now easily the biggest US company by market cap, at $381.6 billion, compared with Exxon Mobil’s $358.3 billion.
And if market cap were GDP, Apple [...]
By LORRAINE LUK
TAIPEI—Apple Inc. has placed orders for key components used in a next-generation iPhone it is preparing to launch sometime in the third quarter, according to people familiar with the situation.
According to some suppliers of components to Apple, the new version of the iPhone is expected to be thinner and lighter than the iPhone 4 and sport an 8-megapixel camera. One person said the new [...]
Microsoft Corp. (MSFT)’s Windows sales slumped last quarter as the iPad crimped demand for consumer laptops, marking the first time in 20 years that the software maker reported a smaller quarterly profit than Apple Inc. (AAPL)
Revenue in Microsoft’s Windows division fell 4.4 percent to $4.45 billion, the Redmond, Washington-based company said yesterday in a statement. That missed the $4.6 billion average prediction of analysts surveyed by Bloomberg. Net income was [...]