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  • Wilbur Ross: Donald Trump and I met under peculiar circumstances

    Commerce Secretary Wilbur Ross explains why he initially supported Donald Trump.

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  • Apple Falls Below Key Level In Heavy Volume, But Is It A Sell Signal Or No?
    Business
    Investor's Business Daily7 hours ago

    Apple Falls Below Key Level In Heavy Volume, But Is It A Sell Signal Or No?

    Apple (AAPL) is falling nearly 2% in heavy volume, breaking below a significant technical level. With the breach of the 50-day line, that also puts Apple below a prior buy point at 156.75. But the key question here: Does Apple's action result in a sell signal? The short answer is that it depends on how the stock closes today, and whether you're a long-term or short-term shareholder. Apple was down 1.9% to 155.67 in afternoon trading in the stock market today, tumbling as low as 153.83 on Apple Watch connectivity concerns. Volume is more than double normal levels. If Apple closes below the 50-day, it could be seen as a sell signal for those that bought the stock at the 156.75 entry. But we need

  • US stocks wobble after Fed announcement, but close higher
    Business
    Associated Press6 hours ago

    US stocks wobble after Fed announcement, but close higher

    U.S. stock indexes overcame an afternoon wobble to close mostly higher Wednesday after the Federal Reserve said it would start reducing its huge bond portfolio next month and was still on track to raise interest rates later this year. The central bank's announcement drove bond yields higher, lifting shares in banks and other financial companies. Banks benefit from higher bond yields because it means they can charge higher interest rates on loans.

  • Business
    Associated Press13 hours ago

    Toshiba board decides on chip sale to Bain Capital group

    Toshiba's board signed off Wednesday on selling its computer chip business to a group led by Bain Capital Private Equity, but the deal's future remains unclear as Toshiba's U.S. joint venture partner Western Digital opposes it. Japanese electronics and nuclear company Toshiba Corp., which needs the sale to survive, said it hopes the deal, estimated at 2 trillion yen ($18 billion), will close by the end of next March. Toshiba announced last week that it has entered into an agreement with the Bain Capital group.