219.31 -0.59 (-0.27%)
Pre-Market: 6:00AM EDT
|Bid||219.51 x 800|
|Ask||219.68 x 800|
|Day's Range||217.56 - 220.12|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||18.67|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||3.08 (1.41%)|
|1y Target Est||224.48|
Okta co-founder and COO Frederic Kerrest joins The Final Round to discuss how his company is surviving this latest bout of market volatility, the future of cyber security, and the IPO landscape.
Stock futures: The stock market and Apple showed resilience as crude oil prices soared Monday. Shopify, Funko and Kraft Heinz fell late on stock-sale buzz.
The European Union's order for Apple to pay 13 billion euros ($14 billion) in back taxes to Ireland "defies reality and common sense," the U.S. company said on Tuesday, as it launched a legal challenge against the 2016 ruling. The iPhone maker also accused the executive European Commission of using its powers to combat state aid "to retrofit changes to national law," in effect trying to change the international tax system and in the process creating legal uncertainty for businesses. Apple's arguments at the General Court, Europe's second-highest, came after the EU executive in 2016 said the tech giant benefited from illegal state aid due to two Irish tax rulings which artificially reduced its tax burden for over two decades.
Meanwhile on Tuesday... -- The war on terror’s ties to the opiate epidemic -- Amazon is anti-competitive -- Get rich quick selling sneakers More from the Financial Times Further reading Further reading ...
While recent concerns about the impact of Apple's TV+ service look overblown, Roku's big 2019 run-up has left it sporting rich multiples.
Apple launched its case against a controversial EU tax ruling Tuesday, arguing the decision "defies common sense" as it seeks to avoid paying around $14 billion in fines and penalties.
Berkshire Hathaway CEO Warren Buffett has spoken openly about his stock repurchasing strategy, calling it "simple arithmetic." How does he do it?
In a research note released yesterday, Apple (AAPL) analyst Ming Chi Kuo noted that more people from the US could choose the iPhone Pro than the iPhone 11.
Encouraging data points around iPhone preorders and a more simplified rollout than last year’s could bode well for Apple Inc., analysts say.
Preorders for Apple's iPhone 11 series handsets are off to a lackluster start, Rosenblatt Securities said. Other analysts said the iPhone 11 is off to a healthy start. Apple stock wavered.
Associate Stock Strategist Ben Rains dives into Apple's (AAPL) new iPhone 11s, as well as its streaming TV service and video game push. The episode also breaks down what's next for Apple stock and why the tech firm looks strong heading into the holiday shopping season. - Full-Court Finance
[Editor's Note: "The 9 Best Stocks to Buy for the Next Decade" was originally published in April 2017. Each stock pick has been updated to reflect changes in the market.]A few years ago, InvestorPlace contributor Dan Burrows highlighted the ten best-performing S&P 500 stocks of the past decade. The most important lesson one finds by studying these high-flying stocks is that patience wins out over all other attributes of a successful investor.A classic example of how true this is involves the Fidelity Magellan Fund (MUTF:FMAGX), the large mutual fund made famous by portfolio manager Peter Lynch. Lynch ran the fund for 13 years from 1977 until 1990, growing it from $20 million to $14 billion before stepping aside.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFidelity studied the returns of Fidelity Magellan unit holders over those 13 years to see how they compared to the legendary portfolio manager. While Lynch managed to achieve a 29% annual return over this period, the average investor lost money.Patience would have served those investors well, as the ups and downs of the stock market shook them out of their positions -- and in doing so, deprived them of millions of dollars in profits. A $10,000 investment in 1977 held until 1990 was worth $273,947 by the end of that 13-year period.I'm not Peter Lynch, but I can say with some confidence that the following names are the nine best stocks to buy for the next decade. * 7 Tech Stocks You Should Avoid Now Let's take a look. Amazon (AMZN)Not only is Amazon (NASDAQ:AMZN) CEO and founder Jeff Bezos a great chief executive, but Amazon has its hands in so many pies -- including a very profitable cloud business that generated $7.3 billion of operating income last year -- that it's hard to fathom just how big Amazon could be a decade from now.While Amazon's AWS cloud business is a big deal, Amazon Prime is the service that delivers the goods when it comes to building the foundation for AMZN stock. More than 100 million people subscribe to Amazon Prime at $119 per year.It's not the billions of dollars of annual subscription revenue that matters, but the amount each of those subscribers spends on other Amazon products. Statistics show that 76% of Amazon Prime members spend more than they did before paying the annual $119 fee.That's what you call "pulling power," and it's a big reason why AMZN stock will be a winner for the long haul and why it's a top stock to buy for the next decade. Apple (AAPL)You can say what you want about the iPhone maker's best days being behind it, but I have a feeling Apple (NASDAQ:AAPL) will continue to create products people want to buy for years to come.What these products are, I couldn't tell you … What I do know is that Apple will continue to generate a huge amount of free cash flow to reward shareholders for their patience and loyalty.That loyalty translated into AAPL stock becoming the world's first publicly traded company to hit a trillion-dollar valuation. * 7 Tech Stocks You Should Avoid Now While Apple is no longer reporting iPhone numbers, its Services revenue continues to look more and more promising. Berkshire Hathaway (BRK.B)Warren Buffett is 89 years old. Eventually, he's going to step out of the game. The argument is that his departure will create a panic that will send Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) stock spiraling downward. Personally, I don't subscribe to that theory.Businesses -- whether it be a huge holding company like Buffett's or something much less grandiose -- are valued by calculating the present value of its future cash flows. Berkshire Hathaway's are significant. Another way is to value a business is to look at the sum of all its parts.Berkshire Hathaway owns hundreds of businesses; each of these firms, if sold at auction, would be worth more than the current stock price would seem to reflect. If Buffett moved on and the company was broken up in a prudent manner over an extended period, Berkshire Hathaway investors would benefit greatly from such a process.The best part of Berkshire Hathaway? You get a quasi-mutual fund with a diversified group of holdings and no management fees.That's the best kind of buy-and-hold investment. Ulta Beauty (ULTA)The retail industry is in a freefall at the moment, yet Illinois-based Ulta Beauty (NASDAQ:ULTA) is busy growing its network of stores -- which currently number over 1,100 -- by 100 per year. It expects to build out its brick-and-mortar footprint to 1,700 stores over the next decade.Ulta's business model provides a shopping experience that is unique in a beauty market where no one firm controls a big chunk of market share, not even Sephora. * 7 Tech Stocks You Should Avoid Now With consumer confidence growing, Ulta stands a good chance over the next decade of bumping this number significantly higher. ULTA shares might be expensive at nearly 30 times earnings, but that's the price you pay to own the best. Sherwin-Williams (SHW)Ulta Beauty helps women with their beauty needs; Sherwin-Williams Co (NYSE:SHW) does the same for houses and businesses around the world.What's the one thing real estate professionals suggest you should do when selling your home? Give it a fresh coat of paint. It's the most cost-effective improvement you can make to bring in better offers.Sherwin-Williams originally tried to buy Mexican paint company Comex in 2014, but it was beaten out by PPG Industries, Inc. (NYSE:PPG). More than two years later, it bought The Valspar Corp, significantly improving its position in the coatings business outside North America.Over the past decade, SHW has achieved a return of around 800%, significantly greater than the S&P 500's 190% climb in that same period.If any stock can repeat this kind of performance over the next decade, Sherwin-Williams has to be at the top of the list. Kraft Heinz (KHC)In 2017, the management of Kraft Heinz Co (NASDAQ:KHC) put quite the scare into the 169,000 Unilever plc (ADR) (NYSE:UL) employees with a potential $143 billion offer to buy the company. Fortunately (for employees), Unilever's management told 3G Capital and Berkshire Hathaway, which control KHC, to take a hike.Kraft Heinz is going to make another acquisition. And when it does, the first thing 3G is going to do is trim the fat. (Read this article about Tim Hortons to understand their cost-cutting ruthlessness.) That's going to mean the loss of a lot of jobs.While that's terrible for the people on the receiving end of the pink slips, it's been proven by 3G Capital time and again to significantly increase the bottom line. Shareholders definitely will win as Kraft Heinz guts PepsiCo, Inc. (NYSE:PEP) or some other vulnerable target. * 7 Tech Stocks You Should Avoid Now Kraft Heinz stock did take a big hit in February after the company took a huge impairment charge and revealed that the SEC has been probing its accounting practices. KHC also cut its dividend by 36% that month. But the company has more than enough cash to cover its dividend, and its products will continue to sell well because people always need to eat, while its offerings remain very popular in the U.S. Moreover, KHC stock still has an impressive 5% dividend yield. Five Below (FIVE)In an age where you have retailers going out of business left and right, Jim Cramer is right to rave about teen discount clothing chain Five Below Inc (NASDAQ:FIVE).In today's retail, you either want to be in the discount or luxury businesses, but not in the deadly middle. Five Below has a plan to grow revenues and earnings by 28% every year for the next five years. In 2019, revenues and earnings are expected to grow 22% and 48.6%, respectively, to $1.56 billion and $2.66 per share.Five Below expects to continue opening new stores, reaching 2,000 stores open in the U.S. at some point in the future. While it seems like an ambitious goal given how many stores are closing these days, Five Below has a very talented management team led by CEO Joel Anderson, whose previous job was CEO of Walmart.com (NYSE:WMT).At prices $5 or below, Five Below delivers a concept that's unique to teen and pre-teen customers. And it should deliver plenty of returns over the next 10 years. Cracker Barrel (CBRL)Over the past decade, Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has more than doubled the performance of the S&P 500 by delivering consistent results. Its return on equity is an impressive 34%.CBRL's unique restaurant/retail concept generates approximately 80% of its revenue from its restaurants, with its retail shop the remaining 20%. The average store throws off revenue of $4.6 million. The retail business generates sales per square foot of $440 and 50% gross margins. * 7 Tech Stocks You Should Avoid Now Cracker Barrel features a strong female presence in upper management, representing what a modern progressive American company is supposed to look like at the top. Good on them … and good for you, because that kind of diversity will pay off in spades. ResMed (RMD)Who knew that sleep apnea paid so well?ResMed Inc. (NYSE:RMD) manufactures medical devices and provides cloud-based software applications for medical professionals to treat and manage sleep apnea and chronic obstructive pulmonary disease (COPD). Treating 2 million patients daily, ResMed has become good at reducing healthcare costs by minimizing the effects of chronic disease.Good businesses make and save people and companies money. ResMed does both.Over the past decade, ResMed has delivered an annual return to shareholders of around 17%, much greater than the S&P 500.According to a study, 26% of adults have sleep apnea -- a disorder that can wreak havoc on a person's heart, not to mention a marriage due to both partners' lack of sleep. My dad died as a result of COPD, a disease that affects more than 200 million people worldwide and costs the healthcare system more than $50 billion per year in the U.S. alone.ResMed has growth opportunities in Latin America, Eastern Europe and China and India -- all huge markets that will keep it busy for the next decade and beyond.Of all the stocks to buy for the next decade, ResMed is my pick for most reliable given the markets it serves.As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post The 9 Best Stocks to Buy for the Next Decade appeared first on InvestorPlace.
After watching Apple (NASDAQ:AAPL) get a bump in its stock price following its annual hardware event, Amazon (NASDAQ:AMZN) stock is aiming for the same result.Source: Jonathan Weiss / Shutterstock.com Both companies are chasing Microsoft (NASDAQ:MSFT) in the race to be the richest of the "Cloud Czars." Apple's market cap is over $992 billion while Amazon's market cap is at $891.6 billion. Microsoft stock is king of the hill at just over $1 trillion.Amazon shares hit an all-time high over $2,000 in July but have since traded as low as $1,750. AMZN stock opened Sept. 16 at $1,824.02. Government antitrust efforts concerning its Marketplace have hurt the stock. But operating cash flow, which Amazon calls its key metric, has yet to slow. It came in during the June quarter at over $9 billion, up from $7.5 billion a year ago.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What's in StoreLater this month, on Sept. 25, Amazon will host its second annual product-focused press event. Several outlets predict that once again, this event will focus on its Alexa voice interface. The Alexa interface is becoming as important to Amazon as the iPhone is to Apple, because its services tie people into Amazon's cloud and e-commerce store.The most anticipated improvement is better sound quality, which could lead customers to upgrade their devices. The interface could also feature connectivity to more Amazon products, expanding its reach throughout consumers' homes. * 7 Tech Stocks You Should Avoid Now Amazon has been seeking hardware partners for Alexa in companies like Anker, Toshiba (OTCMKTS:TOSBF), JVC Kenwood (OTCMKTS:JVCZY) and Grundig. The result should be more support for Fire TV, which is competing for market supremacy with Roku (NASDAQ:ROKU).One product that would be a surprise is an Amazon phone. The company's Fire Phone, launched in 2014, was a debacle. Amazon has since taken to selling phones from Lenovo (OTCMKTS:LNVGY) at a discounted price, loaded with Amazon shopping services and advertising.Another possibility could be improved Kindle e-book readers. Amazon has a virtual monopoly on both e-books and readers. The latest versions are distinguished from the Fire tablet, which also supports Kindle books, by their front-lit, high-resolution displays. Amazon Stock Needs Some CatalystsAmazon needs some new earnings catalysts as it faces a chorus of political push back.While Amazon remains just over half the size of Walmart (NYSE:WMT), the retail giant is successfully portraying itself before regulators as a poor underdog, even while it copies Amazon features like its marketplace and one-day delivery.This is getting results. In addition to a federal investigation of its marketplace, politicians are now questioning Amazon's treatment of delivery drivers. Many are classified as independent contractors, like Uber (NYSE:UBER) drivers. Others are employed by third-party contractors, meaning Amazon takes no responsibility for their treatment.Amazon is expanding employment in Boston, Chicago, Dallas and Nashville, as well as at its Seattle headquarters and "HQ2" operation near Washington DC. The company has spread its technology development to 18 different cities. The Bottom Line on AMZN StockAmazon's explosive growth has it competing with companies across the media, marketing, technology and retail landscapes, from FedEx (NYSE:FDX) to Walmart, and from Apple to Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL).It's not just competing in the marketplace with these companies. Increasingly it's competing in Washington, and in other nation's capitals, as companies threatened by its growth seek government protection.For investors, it means they can now get Amazon for just 75 times last year's earnings, and less than three times its expected 2019 revenue of $331 billion. Given that it's still growing at rate of 30% per year, and that profits are no longer a rounding error, that's looking cheaper by the day.As has been said about Apple, Amazon is a stock you hold for the long run. Ignore the noise.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT, AAPL and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Amazon Stock Channels Apple's Magic Through Sept. 25 Event appeared first on InvestorPlace.
(Bloomberg) -- The biggest backers of SoftBank Group Corp.’s gargantuan Vision Fund are reconsidering how much to commit to its next investment vehicle as an oversized bet on flexible workspace provider WeWork sours.Saudi Arabia’s Public Investment Fund, which contributed $45 billion to the $100 billion Vision Fund, is now only planning to reinvest profits from that vehicle into its successor, according to people familiar with the talks. Abu Dhabi’s Mubadala Investment Co., which invested $15 billion, is considering paring its future commitment to below $10 billion, the people said, asking not to be identified in disclosing internal deliberations.A partial retreat of the two anchor investors would complicate fundraising for SoftBank Chief Executive Officer Masayoshi Son, who upended venture capital by making huge bets on promising yet unproven companies and spurring others to follow suit. Perhaps more than any other startup, WeWork has come to symbolize that brash style, and the success or failure of its IPO is likely to impact Son’s ability to raise cash for future deals.PIF executives are still considering options and no final decision has been made, one of the people said. A spokesman for the Saudi Arabian wealth fund declined to comment. Mubadala said discussions are continuing on whether or not any investment will take place. A representative for SoftBank’s Vision Fund didn’t immediately have a comment.“The suggestion we have made any decisions on the size or timing of a potential investment is simply unfounded,” said Brian Lott, a spokesman for Abu Dhabi’s sovereign fund. “Our discussions continue at an appropriate and deliberate pace, given the importance of this effort.”Sagging ValuationThe Wall Street Journal previously reported that Saudi Arabia’s sovereign wealth fund wasn’t planning to be a significant investor in the new fund but may still make a more modest commitment. A decision to only reinvest proceeds from the first fund would mark a significant shift. Saudi Arabia’s Crown Prince Mohammed bin Salman said last October that he planned to invest another $45 billion into any new fund.“We would not put, as PIF, another $45 billion if we didn’t see huge income in the first year with the first $45 billion,” he said in an interview with Bloomberg.WeWork is one of SoftBank’s flagship investments, along with Uber Technologies Inc., messaging software provider Slack Technologies Inc. and U.K. chipmaker ARM Holdings Plc. SoftBank, which with its affiliates, owns a 29% stake, and in January invested at a valuation of $47 billion, more than triple the $15 billion that’s currently being discussed in an IPO.Tensions have erupted within SoftBank over how it has handled its investment in WeWork. The Vision Fund, along with PIF and Mubadala, scuttled a $16 billion investment early this year Son had championed. SoftBank ended up making only a $2 billion investment from its parent entity, rather than the Vision Fund.SoftBank said in July that other investors had expressed interest in pledging a combined $108 billion for the second Vision Fund, though that was before WeWork forged ahead with plans for an IPO. The new fund is expected to collect money from Apple Inc., Microsoft Corp., Foxconn Technology Group and various Japanese financial institutions, with seven having signed memorandums of understanding to participate.(Adds that talks are ongoing in fourth paragraph.)\--With assistance from Matthew Martin.To contact the reporters on this story: Gillian Tan in New York at firstname.lastname@example.org;Giles Turner in London at email@example.comTo contact the editors responsible for this story: Tom Giles at firstname.lastname@example.org, Christian Baumgaertel, Sree Vidya BhaktavatsalamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of Arcade launching early. Today, we'll look at that and other Apple Rumors for Monday.Source: thanat sasipatanapa / Shutterstock.com Arcade Launch: Apple Arcade is launching early for some users, reports MacRumors. This makes it so that certain users are able to sign up for the game subscription service head of its official launch this Thursday. As a result, we now know all of the games that are included with the service. It's also worth noting that AAPL intends to add more games to the service over time. Subscribers will pay $4.99 a month for the Arcade service.iPhone 11 Orders: The first iPhone 11 orders are starting to ship to customers, 9to5Mac notes. If all goes well, these new smartphones will be making it to customers in time for the official launch this Friday. It's also possible that some customers may get their iPhone 11 early. If this happens, we may get a better look at the newest Apple smartphone ahead of its official release.InvestorPlace - Stock Market News, Stock Advice & Trading TipsiPhone Launch: A new report claims that Apple's iPhone 11 is off to a good start, reports AppleInsider. This report claims that the tech company is going to sell 75 million smartphones this year. The report comes from analyst Ming Chi Kuo and is based off of sell out times for the devices in the first 72 hours after preorders went live. Kuo notes that there has been strong demand in the U.S. and China for the iPhone 11 line.Subscribe to Apple Rumors As of this writing, William White did not hold a position in any of the aforementioned securities.The post Monday Apple Rumors: Apple Arcade Launches Early for Some appeared first on InvestorPlace.
Ahead of the upcoming launch of the new iPhone 11 models in China, there are similar concerns, as the Chinese market is more price sensitive. Apple will sell the 11 Pro and Pro Max devices at a 23% premium versus the U.S. price, Kharpal said.
There's always a bull market somewhere. And with Dow Jones Industrial Average constituent Home Depot (NYSE:HD), you don't have to look very far to appreciate that very fact. But is now a good time to buy Home Depot stock? Let's examine what's happening off and on the price chart to reach a stronger, risk-adjusted decision.Source: Helen89 / Shutterstock.com It has been good year for the market, albeit a volatile one at times. The Dow Jones is up nearly 17% and less than 1% from recapturing late July's all-time-high. At the same time, Home Depot stock's gain of 36% has more than doubled the venerable blue-chip index while hitting fresh highs.Only the Dow's Apple (NASDAQ:AAPL), and its return of nearly 39%, is larger than HD's rise through Friday's close. However, that top spot has come at a price. AAPL stock's gains have failed to match Home Depot's technical wherewithal with shares still 5.5% beneath its October all-time high.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, what's behind the burly gains of America's largest home improvement retailer? No doubt 2019 has raised the specter of potential difficulties for Home Depot and peer Lowes (NYSE:LOW) given the ongoing U.S. China trade war and retail shelves lined with "Made in China" products.But so far, HD stock has managed to trump those fears.Removed from trade war concerns of what might be, a defensively positioned Home Depot has benefited from this summer's interest rate cut by the FOMC and ongoing demand for home improvement. And the good times, which showed up in August's earnings beat, aren't over either. * 10 Recession-Resistant Services Stocks to Buy According to Citi analyst Gregory Badishkanian, HD stock enjoys "still-solid underlying macro fundamentals and housing drivers," which should help with further sales and margin wins. For its part Citi reaffirmed its buy rating while lifting the price target on HD from $246 to $269 and a premium of 15% compared to Friday's closing price. Home Depot Stock Price Monthly Chart Technically speaking, Home Depot stock appears ready for a strong second-half of 2019 after dismantling a large bearish topping pattern.In August, HD produced an earnings-driven breakout from a 20-month long broadening base pattern. This type of formation is generally viewed as bearish once the fifth pivot receives price confirmation through the low of the monthly candlestick. Home Depot stock obliged bearish shorts as it traded beneath July's low of $212.39 and eventually down to $197.84 before quickly and unequivocally failing.A bullish earnings gap and follow-through in Home Depot stock took shares to new highs while also breaking out above angular pattern resistance. Now September's price action is confirming August's engulfing candlestick while being supported by a bullishly positioned stochastics indicator.With HD shares just a couple percent above the August high, it's time to embrace the bearish pattern failure as an important signal to go long shares. I'm inclined to see Citi's price target of $269 to perhaps as much as $275 in Home Depot stock as a reasonable forecast for shares.My recommendation is to simply buy Home Depot stock today and set an initial stop-loss below $219. Early Monday and with HD trading around $232.50, that works out to price exposure of 6%. That's attractive relative to the risk taken. And smartly, it pulls the plug on the position just in case the broadening pattern has a repeat and more bearish performance in store for Home Depot stock.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post This Is Why Home Depot Stock Bears Should Be Scared appeared first on InvestorPlace.
The reopening of Houston's only standalone Apple Store will coincide with the release of the iPhone 11 and Apple Watch 5. The store will open two hours earlier than usual.
(Bloomberg Opinion) -- Where would we be if not for engineers? The truth is, many of us wouldn't be here at all, according to this week's guest on Masters in Business.“Engineers have saved far more lives than all of the doctors in the world” through their inventions, said John Browne, the chairman of L1 Energy and chief executive officer of BP Plc from 1995 to 2007. Engineering and science are the “golden thread” that runs throughout almost all of humanity’s progress, from health care, economics and defense, to transportation, shelter and more, he said.In our conversation, Browne, a member of the House of Lords, explains how many of humanity’s most pressing problems already have engineering solutions; the impediment is typically a political impasse. This is as true for global warming and energy production as it is for wealth inequality, longevity and public health. Browne, author of numerous books including the recent "Make, Think, Imagine: Engineering the Future of Civilisation," discussed why coming out of the closet is good business. He argues that being inclusive and building teams where people feel wanted and valuable should be every company’s goal. Brown points out that there are only a handful of openly gay CEOs at Standard & Poor's 500 companies, when statistically, there should be 25 to 50. The lack of role models is a detriment to gay employees advancing. After he came out, one of his competitors said “John, we all knew you were gay, only none of us were ever brave enough to discuss it with you.”His favorite books are here; a transcript of our conversation is here.You can stream/download the full conversation, including the podcast extras on Apple iTunes, Overcast, Spotify, Google Podcasts, Bloomberg and Stitcher. All of our earlier podcasts on your favorite pod hosts can be found here.Next week we speak with Sarah Ketterer, chief executive officer and co-founder of Causeway Capital Management LLC, which has $52 billion under management. Ketterer was Morningstar's International Manager of the Year in 2017.To contact the author of this story: Barry Ritholtz at email@example.comTo contact the editor responsible for this story: James Greiff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
The company last week unveiled three iPhone models featuring upgraded processors and new camera functionality, including iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max, priced between $699 and $1,099. CNBC quoted TF International Securities analyst Ming-Chi Kuo, known as a close follower of the Cupertino, California-based company's supply chains, as saying that demand for new iPhones is beating his expectations – and that much of it was due to Chinese consumers. Greater China was the third biggest region in terms of sales in 2018 and after raising alarms after slack sales growth earlier this year, Apple has seen bumps in demand driven by discounting by Chinese online retailers.
Bob Iger made headlines over the weekend after the Disney CEO stepped down from his spot on Apple's Board of Directors. Iger's resignation came on Friday, the same day that apple announced the pricing for its Apple TV + streaming service. Yahoo Entertainment Senior Writer Ethan Alter joins Yahoo Finance's Adam Shapiro, Julie Hyman and Dan Roberts to discuss.