|Day's Range||4.85 - 6.80|
For all of the swirling conversations of tech regulation that have continues the past several years, few of those waxing poetic on the topic likely assumed that Apple would be the first tech giant to capture the government's ire, but a Supreme Court ruling this week cleared the way for an anti-trust reckoning for Apple's walled garden App Store. The U.S. Supreme Court ruled 5-4 against Apple on Monday, determining that a group of iPhone users will be allowed to bring an antitrust lawsuit against the tech giant. The group is alleging that Apple's 30 percent cut in the App Store passes on an unfair cost to users that have no other options to get the apps onto their phone.
The largest U.S. companies are repurchasing their shares at a brisk pace, and 1Q 2019 may prove to be the second-biggest quarter ever for buybacks.
NEW YORK, NY / ACCESSWIRE / May 19, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.
"There is a saying that if you do what you love, you will never work a day in your life," Cook said Saturday in his commencement speech at Tulane University in New Orleans, La., at the Mercedes-Benz Superdome. "At Apple, I learned that is a total crock," Cook said. Rather, when you find a job you are passionate about, you will work hard, but you won't mind doing so, Cook says.
Benzinga has examined prospects for many investor favorite stocks over the past week. Bearish calls included biotechs and a recent IPO. Furthermore, investors also saw mixed economic numbers, as well as positive surprises in quarterly reports and initial public offerings, bad news for a market darling from the Supreme Court, and fresh news for whale watchers.
Apple AAPL CEO Tim Cook challenged Gen Z to clean up the messes Baby Boomers have left behind. "In some important ways, my generation has failed you," Cook said Saturday in his commencement speech at Tulane University in New Orleans, La., at the Mercedes-Benz Superdome. "We have spent too much time debating, we have been too focused on the fight, and not focused enough on progress," Cook, 58 and a member of the Boomer generation , said.
Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday. In his speech, the tech executive focused on the importance of addressing climate change and more broadly, in taking action, rather than debating endlessly.
Mona Keijzer, the Dutch state secretary for economic affairs and climate policy, has proposed implementing three measures on a European level to prevent large technology companies from becoming too dominant, she wrote in a letter to the national parliament on Saturday. The state secretary said she is already in talks with other member states on the policy. The European Commission has sought tougher scrutiny of acquisitions in the past.
The Dow Jones Industrial Average ended down Friday following a report U.S. trade talks with China are at an impasse. dipped slightly after analysts at Nomura lowered their already below-market-price target on concerns stemming from trade tensions between the world's two largest economies. fell after the chipmaker topped analysts' first-quarter earnings forecasts, but backed away from full-year revenue guidance.
NEW YORK, NY / ACCESSWIRE / May 18, 2019 / Pomerantz LLP announces that a class action lawsuit has been filed against Apple, Inc. ("Apple" or the "Company") (NASDAQ:APPL) and certain of its officers. The class action, filed in United States District Court, for the Northern District of California, and indexed under 19-cv-02615, is on behalf of a class consisting of all persons and entities who purchased or otherwise acquired Apple securities between November 2, 2018 and January 2, 2019, inclusive (the "Class Period"), seeking to pursue remedies under §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act"), and SEC Rule 10b-5 promulgated thereunder. If you are a shareholder who purchased Apple securities during the class period, you have until June 17, 2019, to ask the Court to appoint you as Lead Plaintiff for the class.
Negotiations with the consortium, which includes Taiwan’s TPK Holding Co., Harvest Tech Investment Management Co., Cosgrove Global Ltd., and Topnotch Corporate Ltd., won’t advance until the extra source of capital is found, Asahi said, citing unnamed people familiar with the matter. JDI said in a statement on Saturday that there was no truth to the report, without elaborating.
NEW ORLEANS, May 17, 2019 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending.
Apple has one of the best supply-chain models. Here are some of the top businesses involved, along with the benefits and challenges for each.
The head of Mint Exchange said the market flows that he’s seeing through his crypto exchange indicates that investors in China have been selling yuan to move into Bitcoin and other currencies ahead of a trade war.
For starters, that charging case is huge. A few years ago, $250 might not have seemed crazy for a pair of wireless earbuds. When you’re out-pricing Apple’s primary earbuds, however, it might be time to reconsider.
Doctors’ offices and hospitals have switched en masse from paper to digital records over the past decade. For investors, the first era of electronic records proved lucrative as the government pumped tens of billions of dollars into the industry. Most hospitals and doctors’ offices already have systems in place, and taxpayer support is drying up.
Rising trade tensions between the U.S. and China are likely to cut into Apple's profits, Wall Street analysts say. The news has dampened Apple stock. Nomura Instinet cut its price target.
On Friday, we had positive news on trade related to delaying tariffs on European auto imports and eliminating steel and aluminum tariffs for Mexico and Canada, but the markets didn't move much. Traders are concerned there is another shoe to drop: more retaliatory measures from China, which may or may not come in the form of tariffs. On Friday, we had positive news on trade related to delaying tariffs on European auto imports and eliminating steel and aluminum tariffs for Mexico and Canada.
San Francisco is notorious for being the most expensive city in the U.S., but that hasn’t stopped affluent tech workers from snapping up real estate in this particular neighborhood.
For our new cover story, we asked money managers, trade experts, and market strategists to put the trade-related risks into perspective. The consensus: Put aside the playbook for a trade war for now, but be prepared for bouts of stock market volatility.
Nomura Instinet lowered its price target Apple $175, citing a coming “trade strain” on the company’s earnings. Yahoo Finance’s Jen Rogers, Myles Udland and Ines Ferre discuss the call of the day.
This week's major tech stories include a Supreme Court ruling against Apple in an antitrust case, a new flaw discovered within Intel chips and an announcement from Microsoft and Sony that says the two companies have reached an aggreement to work together in a few areas.