Bernstein analyst Tony Sacconaghi is worried Apple’s iPhone sales will drop if Apple can’t get the new iPhone 8 to customers during the ever-important holiday season. “If the phone is materially constrained once we hit the holiday season, post October 15, then it’s worrisome.” Sacconaghi said during CNBC’s “Fast Money. Sacconaghi said phones from Apple […]
Read moreApple shares fell slightly on Thursday afternoon after a report from The Wall Street Journal said that the upcoming iPhone suffered from “production glitches.” According to the Journal, the new $1,000 iPhone, set for to be revealed on Tuesday, could suffer shipping delays due to complications with a new type of screen, which was difficult […]
Read moreThe number of Americans filing for unemployment benefits jumped to a more than two-year high last week amid a surge in applications in hurricane-ravaged Texas, but the underlying trend remained consistent with a strong labor market. The surge in claims reported by the Labor Department on Thursday offered an early glimpse of Hurricane Harvey’s impact […]
Read moreShortly before Amazon Prime Day in July, the owner of the Brushes4Less store on Amazon’s marketplace received a suspension notice for his best-selling product, a toothbrush head replacement. The email that landed in his inbox said the product was being delisted from the site because of an intellectual property violation. In order to resolve the […]
Read morePresident Donald Trump has often touted his ability to create jobs. In September 2016, Trump boasted that his economic plan will make him the “greatest president for jobs that God ever created.” Fast-forward to Trump’s Tuesday announcement that he plans to halt the Obama-era DACA program that protects 800,000 children of undocumented immigrants from deportation. […]
Read moreInvestors are ditching insurance stocks as Hurricane Irma pounds the Caribbean, even though industry leaders say companies will be able to handle the financial impact. “There is an abundance of capital,” said Steve Bowen, chief meteorologist at Aon, one of the few insurers whose shares haven’t taken a beating during hurricane season. “The industry should […]
Read moreMarvel and Star Wars titles will go exclusively to the new Disney streaming platform, which is set to launch in late 2019, according to Disney CEO Bob Iger. “I have described a very rich, treasure trove of content for this app,” Iger said at the Bank of America Merrill Lynch 2017 Media, Communications & Entertainment […]
Read moreSamsung may be to blame if the iPhone 8 costs more than $1,000. According to MacRumors, KGI Securities analyst Ming-Chi Kuo — a widely followed and historically accurate Apple analyst — said this week that Samsung is likely charging Apple up to $130 per display used in each iPhone 8 unit. Samsung is rumored to […]
Read moreWhen a billionaire investment manager and a Nobel-Prize winning economist are sounding the alarm over the speculative fever in digital currencies, it may be prudent to review the sage old wisdom on the topic from the Oracle of Omaha himself. Warren Buffett was specifically asked for his views on bitcoin several years ago. “Stay away […]
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A NEW phrase, “range anxiety”—the fear that an electric vehicle (EV) will run out of power before it reaches a charging-point—entered the Oxford English Dictionary in 2013. At the time a Nissan LEAF, the world’s best-selling EV, could travel only 120km between charges. A car with a full tank of fuel will travel 650-800km between […]
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