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Continue ReadingApple has been in the spotlight as its stock runs higher and gets close to hitting a $3 trillion market capitalization. ON Semiconductor, Align Technology and several other stocks aren’t a part of the “big seven” tech giants, but are still outpacing Apple ‘s shares this year. Apple stock (ticker: AAPL) has been on a tear this year, surging 45% over the last six months...
Continue ReadingThe string of victories for Apple in 2023 is stunning. There is no more appropriate way to describe the performance of Apple than "outstanding." Apple remains one of the strongest performing stocks in the universe, and until there is a breakdown there is no reason to doubt the stock...
Continue ReadingThe S&P 500 and Dow were in the red on Wednesday on the prospect of further interest rate hikes after the Federal Reserve's chair Jerome Powell said that he did not see inflation falling to the central bank's target rate any time soon. At a European Central Bank forum on Wednesday, Powell said the Fed will likely raise rates further and did not rule out a boost in the cost of borrowing at the next policy meeting scheduled for the end of July...
Continue ReadingApple had threatened to eject the bitcoin-friendly social media app from its App Store by June 27 unless Damus removed the ability to receive bitcoin tips via “zaps” on content posts...
Continue ReadingCompany ‘urges’ UK government to change hugely controversial bill...
Continue ReadingThe string of victories for Apple in 2023 is stunning. There is no more appropriate way to describe the performance of Apple than "outstanding." Apple remains one of the strongest performing stocks in the universe, and until there is a breakdown there is no reason to doubt the stock...
Continue ReadingApple's stock climbed to an intra-day record high on Wednesday, and was on the cusp of ending the session for the first time with a market capitalization above $3 trillion. Apple's stock market value briefly peaked above $3 trillion in intra-day trading on Jan. 3, 2022 before closing the session just below that mark. The latest gains in the shares of the world's most valuable company follow strong rebounds this year from several of Wall Street's technology-related heavyweights, fueled by bets that the Federal Reserve is nearing the end of its campaign of interest rate hikes, and by optimism about the potential for artificial intelligence...
Continue ReadingThe S&P 500 and Nasdaq edged higher on Wednesday as gains in tech giants Apple and Microsoft offset worries over the Federal Reserve's aggressive interest rate hikes slowing the U.S. economy. Apple Inc rose 0.7% to an all-time high, while Amazon, Alphabet and Tesla rose between 1.1% and 3.2%...
Continue ReadingThe Magnificent Seven had accounted for all the market's gains so far in 2023 but only three meet all the criteria for growth. Read more on the current split between value and growth...
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