• First up is Apple (AAPL), which is currently down fractionally. This will be day-two of Apple's annual developer's conference. Yesterday, as expected the company unveiled a new iOS for mobile devices, as well as a streaming music service. By the way our poll question yesterday was, which would be more important for Apple? People seemed pretty evenly divided with the streaming service winning out by just 1-point. As for Apple's performance during previous conferences, our partners at CNBC crunched the numbers and found shares dropped in each of the past 5-years. In fact they fell more than 5% three times.

    Next is Facebook (FB). It was up 4.5% yesterday. Speculation began to swirl yesterday that the social network may soon be added to the S&P 500. The company has also been receiving upgrades like ones from analysts at Stifel and Topeka Capital. J-P Morgan also reiterated that it has Facebook as an overweight. Even with yesterday's rise, Facebook shares are down 13% year-to-date. They're

    Read More »from All Eyes on Apple Conference; Facebook’s Big Gains; Diamond Foods Sparkles
  • How much blame should a CEO shoulder for a recall? Lululemon's CEO Christine Day is leaving the company 3-months after that debacle with see-through yoga pants. Vote below in our daily poll, and feel free to post something in our comments section too. But first listen to Yahoo! Finance's Lauren Lyster and Mike Santoli discuss the topic. The pair also talk about Apple's developer's conference and a plan to take Dole private again.

  • Stocks opened higher but then erased their gains despite welcome news from Standard & Poor's. The ratings agency raised its rating for U.S. sovereign credit outlook to "stable." Prior to the change the outlook had been "negative." The current rating is AA. S&P says likelihood of a downgrade in the short term is less than one-in-three. There were no major economic reports released today to sway markets in either direction.

    One of the day's biggest losers was Booz Allen Hamilton (BAH), which lost nearly 3%. It was an employee of the company who exposed the National Security Agency's secret surveillance of Verizon. Edward Snowden's information quickly spawned revelations that information from many of the most popular websites is being collected by the NSA. As for Booz Allen Hamilton, it's a consultant to government and corporate clients. The company says Snowden was employed there for less than three months.

    McDonald's (MCD) stock briefly rose above $100 a share today after the release of

    Read More »from Markets Give Back Early Gains; Whistleblower’s Company Takes a Hit
  • Just like the Arab countries had their spring of discontent uprisings two years ago, the U.S. looks to be embarking on its own season of outrage today. The list of revelations that are currently riling the masses seems to grow by the day and include improper probes into our privacy by the IRS, the Department of Justice tapping reporters' phones, and now stories of a widespread secret surveillance program by the CIA and NSA.

    Taken together, the reports portray a government that is snooping into our personal, professional and political lives in ways previously only deemed possible by our adversaries.

    When asked whether he felt the U.S. or China was the bigger hacker, John Mauldin, founder of Mauldin Economic and author of the Thoughts from The Frontline newsletter, said we've become our own worst enemy.

    "Because (they) the U.S. government, basically get permission to go in, and the Chinese have to poke and prod and work at it," he says in the attached video. "It makes me uncomfortable that they (the federal government) have access to all of that data," he adds, predicting that the trend is going to "become more of a problem" in the future.

    Interestingly, the issue of cyber-security was a prominent area of negotiation at this past weekend's talks between the U.S. and China in California, with President Obama saying that it was going to be a "very difficult problem in the economic relationship" between the two countries.

    Read More »from The U.S. Is a Greater Threat to Our Privacy Than Chinese Hackers: John Mauldin

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