|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||195.23 - 200.29|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||16.69|
|Forward Dividend & Yield||3.08 (1.76%)|
|1y Target Est||N/A|
Big tech is under the microscope, now that U.S. regulators investigate whether Amazon (AMZN), Apple (AAPL), Facebook (FB), and Google (GOOG) have too much power. As calls for breaking up these tech titans gain momentum among lawmakers, at least one Silicon Valley insider says “trust” is at the crux of the increased scrutiny. “I think regulators are really responding to a crisis of trust in the tech industry,” Salesforce (CRM) President, Bret Taylor, tells Yahoo Finance’s The First Trade.
How Instagram is exploiting Sudan's deepening political crisis
A large portion of the S&P 500's market cap has been driven by just five high-profile stocks.
A little over a year ago I wrote about the commencement address that Apple’s chief executive Tim Cook had given at Duke University. , “as close to boilerplate as you are likely to find”, with its plethora of self-helpy abstract nouns, its reflexive tricolons and its slightly naff boosterism for Apple products. Now he has had another bash — this time speaking at Stanford University.
Next week, S&P Dow Jones Indices will readjust the representation of the 500 companies that constitute the stock market benchmark.
Disney is a stock that Wall Street is laser-focused on as the entertainment powerhouse prepares to launch its streaming TV platform in the fall. So is it time to buy DIS stock at new highs?
Dorsey invented the platform, it turned out to be a hit, and with time and experience, he ascended to his rightful place as CEO. The truth may be that its evolution was not the linear, carefully-guided direction of one man, but a product of conflicts played out in boardroom clashes and backroom meetings, all while the site's true value became more apparent to its founders and the world, one tweet at a time. How Was Twitter Founded?
For the third time in less than a week, a Wall Street analyst has issued a downbeat report on Apple iPhone sales prospects. But Apple stock shook off the news and climbed higher Tuesday.
European Central Bank President Mario Draghi turned ultra-dovish in a speech in Portugal on Tuesday. Is this a motivation for Federal Reserve Chairman Jerome Powell and his cohorts to cut interest rates as they meet this week? President Trump on Tuesday blasted Draghi because stimulus in Europe means a lower euro versus the dollar, giving an edge to European companies in their exports to the U.S. On the other hand, the U.S. stock market is encouraged by Trump’s tweet of a “very good” phone call with President Xi of China and the news of an extended meeting with him at the G20.
Apple (AAPL) is getting ready to launch a streaming service later this year. While the tech giant will likely have to spend billions of dollars in the next few years to have a library similar to Netflix's (NFLX), the company has the financial muscle to do so without raising debt.
(Bloomberg Opinion) -- How can technology solve some common investing issues? That was the question Jonathan Stein, this week's guest on Masters in Business, had been mulling when he went off to school.Today, the company he co-founded and heads, Betterment LLC, is one of the best-known so-called robo-advisers -- a computer-driven investing service -- with more than $16.4 billion under management.His academic work, both at Harvard and Columbia Business School, focused on the distinctions between academic theories of economics and how investors behave in the real world. He recognized that this created opportunities that were being overlooked by Wall Street -- particularly the ability of software to measure risk tolerances and figure out an appropriate asset allocation. In his class in entrepreneurial finance, Stein used the idea of an online automated investment adviser as his case study. The feedback allowed him to enhance many of the financial services now offered by Betterment.In our conversation, he explains how the industry has changed since he started the company, notably the acquisition costs of finding new customers. We also discuss some of Betterment’s online competitors. As Stein sees it, online investment advice is at the core of Betterment's DNA, while robo-advisers are merely an add-on service at most of his rivals.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, Bloomberg, Overcast and Stitcher. All of our earlier podcasts on your favorite host sites can be found here.Next week we speak with Christopher J. Brightman, chief investment officer of Research Affiliates LLC.To contact the author of this story: Barry Ritholtz at firstname.lastname@example.orgTo contact the editor responsible for this story: James Greiff at email@example.comThis 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 founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Facebook Inc. and Apple Inc. are most at risk if government regulators are serious about pursuing antitrust actions against Big Tech.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of a new Watch feature. Today, we'll look at that and other Apple Rumors for Tuesday.Watch Update: A new feature will allow the Apple Watch to update on its own, reports AppleInsider. Hints of this new feature are showing up in the beta versions of watchOS 6. Unfortunately, there is still a requirement to accept terms and conditions on a paired iPhone. However, this is a sign on the device coming closer to standing more on its own. That makes sense with AAPL planning to launch an App Store just for the Watch.Beddit Beta: Apple's Beddit is offering a beta to help develop its devices, MacRumors notes. This new beta from the company is going to let owners of its Beddit 3.5 product test out new features before they get a public release. Requirements for the beta include living in the U.S., only using the device in the U.S., and being between the ages of 22 and 75.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDr. Mario World: Owners of an iOS device are going to get something new to play next month, reports 9to5Mac. Nintendo (OTCMKTS:NTDOY) is releasing its Dr. Mario World app on July 10. The game is free to play, but does include in-app purchases. It is based on the Dr. Mario puzzle game that came out back in the 1990s. An Android version of the app will also launch alongside the iOS version.Check out more recent Apple Rumors or Subscribe to Apple Rumors : RSS As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post Tuesday Apple Rumors: Apple Watch to Get Standalone Update Support appeared first on InvestorPlace.
On Monday morning, I read the story headlining many of the financial news sites: Ren Zhengfei, the CEO of Chinese telecom-giant Huawei, admitted that his firm could expect revenue of $100 billion for the full year 2019. The negative impact to Huawei's ability to generate sales obviously is due to both President Donald Trump's executive order banning Huawei from doing business in the US, as well as the Commerce Department placing restrictions on U.S. entities that supply Huawei. for second-place in global smartphone sales?" Though the trade war obviously leaves Apple highly exposed to margin pressure, is this the silver lining?
Firsthand checks within Apple's supply chain suggest orders for new iPhone components will be down by at least 10 million units in the back half of 2019 versus the comparable period in 2018, Hargreaves said in a Monday note. Apple's core Services business will likely see ongoing deceleration on top of regulatory risk related to potential changes in how the App Store shares its revenue, Hargreaves said.
Concerns continue to grow about near-term demand for Apple iPhones as consumers delay purchases ahead of the first 5G models in late 2020.
(Bloomberg) -- Facebook Inc. made a renewed push into payments on Tuesday, announcing plans for a cryptocurrency called Libra.Read More: Facebook Wants Its Cryptocurrency to One Day Rival the GreenbackIt will be governed by the Libra Association, a group of companies that will have an equal say in how the cryptocurrency is managed. Almost 30 firms have joined and Facebook hopes another 70 or more will enter the fold in the future.Read Facebook’s Project Libra white paper hereWho’s In:Visa Inc. and Mastercard Inc., the world’s largest payments networks, as well as PayPal Holdings Inc. are on board. For Visa and Mastercard, it’s a chance to offer the world of cryptocurrencies the same services they provide in card payments. All three companies know the challenges of building a network and can offer expertise in encouraging consumers to use the instrument and cajoling merchants into accepting it.Companies such as Uber Technologies Inc., Lyft Inc., and Spotify Technology SA keep millions of credit cards on file, and they risk losing customers when people get a new card or number. E-commerce firms also pay higher “card not present” rates when processing payments, so anything that can reduce these expenses is welcome.“Libra has the potential to bridge the gap between traditional financial networks and new digital currency technology, while reducing the costs for everyone,” said Peter Hazlehurst, head of payments at Uber.International companies, including e-commerce firm MercadoLibre Inc. and telecom giant Vodafone Group Plc, signed onto Libra, too. Blockchain technology and stablecoins are potential solutions for the messy world of cross-border payments, which suffers from delays and high costs.Who’s Out:Large banks, including JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc., already have their own payments businesses that reap billions of dollars in fees. With regulators still deciding how to treat cryptocurrencies, banks and investment firms are treading cautiously.So far, no large brick-and-mortar retailers, such as Target Corp. and Walmart Inc., are taking part. The industry is always interested in lowering the cost of accepting payments, but traditional merchants have historically been hesitant to accept cryptocurrencies due to volatility and lack of consumer adoption.The largest U.S. technology companies, Microsoft Corp., Apple Inc., Alphabet Inc.’s Google and Amazon.com Inc., are noticeably absent. Many of these firms have their own digital payments businesses and some are experimenting with blockchain technology. Apple has poured scorn on Facebook for repeated privacy missteps and other big tech firms are trying to avoid being associated with the social-media giant.“This is very early -- 27 organizations right now, 100 by the time we launch,” David Marcus, head of the Facebook blockchain team that’s spearheading the project, said in a Bloomberg Television interview. “And by that time, I definitely expect to see banks in there, I definitely expect to see other large technology companies and I definitely expect to see more diversity of organizations in terms of geographical distribution.”Square Inc. Chief Executive Officer Jack Dorsey is a cryptocurrency fan, but even his firm isn’t part of Libra at launch. Square’s cryptocurrency team made its first hire last week and it’s Cash App is a popular way for consumers to buy and sell Bitcoin.Here’s the full list of founding members and partners:Andreessen Horowitz Anchorage Bison Trails Booking Holdings Inc.Breakthrough Initiatives Facebook’s CalibraCoinbase Inc.EBay Inc. Farfetch Ltd.Iliad SA’s Free Lyft Inc.Mastercard MercadoLibre Inc.’s Mercado Pago PayPal Naspers Ltd.’s PayURibbit Capital Spotify Technology SAStripe Inc.Thrive Capital Union Square Ventures Uber Visa Vodafone Group Xapo Creative Destruction Lab Kiva Mercy Corps Women’s World Banking (Updates with comment from Facebook’s David Marcus in 10th paragraph. A previous version of this story corrected Creative Destruction’s name.)To contact the reporters on this story: Jenny Surane in New York at firstname.lastname@example.org;Julie Verhage in New York at email@example.com;Kurt Wagner in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.