Tesla stock and Apple stock are on the move, thanks to positive developments regarding the tariff war with China. A Slight Thaw in The Trade War During the G20 meeting, President Donald Trump met with Chinese President Xi Jinping. Little was expected from the meeting, but the leaders surprised the world by announcing a temporary truce on trade. The US softened its restrictions on Huawei’s US...
Jony Ive is reportedly leaving Apple, and this is a big deal for everyone. Smartphone Revolutionary Founds His Own Firm We’re talking about the man who essentially kicked off the smartphone revolution, creating a wealth of opportunities for developers and businesspeople alike. He also invented that slick metal MacBook so many are fond of – the “unibody” aluminum frame is to his credit, on top of...
By CCN Markets: The Dow sputtered toward a dreadful showing on Wednesday as the stock market cooled off from a six-day feeding frenzy. Meanwhile, major DJIA components Apple and Boeing remain trapped in the crosshairs of the US-China trade war, presenting the index with significant downside risk should there be any further escalation. Dow Cools Off Following Parabolic Rally All of Wall Street’s...
By CCN: Apple’s Worldwide Developer Conference (WWDC) is underway, and while most of the focus is on iOS3, Apple quietly revealed a new upgrade for developers called CryptoKit. Apple also released its new icon set for designers which feature four bitcoin logos. It begs the question, what are Apple’s plans for cryptocurrency integration? Apple CryptoKit: a path to a hardware wallet? CryptoKit...
By CCN: Apple wowed conference goers at Monday's 2019 World Wide Developer's Conference (WWDC) in San Jose, Calif. Despite the tech giant's glittering new offerings, however, Apple's stock faces a tough road ahead. The escalating trade war with China, recession signals from global markets, and a new DOJ antitrust probe are creating enormous downside risks for owners of AAPL shares. Announcements:...
By CCN: Morgan Stanley analyst Katy Huberty delivered mixed messages regarding Apple's stock this week. With Apple's stock closing at $178 on Thursday, she downgraded the price target from $240 to $231. She did not change her revenue or profit estimate though and then noted that AAPL could trade as low as $160 in the near-term. Confusion Reigns in Apple's Stock These contradictory signals reflect...