The decline of cash is on the cards: City A.M. speaks to MasterCard’s Ann Cairns October 28, 2015 Some sports fans carry the burden of their teams’ fortunes around on their shoulders, often for days after a heroic victory or a dramatic defeat. You know the type I mean – we’ve all worked with them, dated them, got married to them… Hell, some of us are them. The football obsessive who springs into work after a [...]
Wall Street up as December hike signalled – New York Report October 28, 2015 The Federal Reserve’s decision yesterday to hold interest rates, amid signals that it might raise them in December, helped to push Wall Street sharply upwards. Stocks initially sold off following the statement, with the S&P 500 erasing close to a one per cent gain, but quickly rebounded to end at the day’s highs as investors [...]
Apple share price rises on record results October 28, 2015 Apple's share price has risen 2.89 per cent as markets opened in the US after record breaking results, which the company reported yesterday. The company had expected earnings per share for the three months to the end of September to hit the $1.87 – $1.88 mark, but beat expectations by a long way, with the figure coming in [...]
Apple released its full-year results and broke records October 27, 2015 Here are the five facts you need to know about Apple's record results: Apple made more than $1bn a week in profits in the last 12 months. Apple's $234bn full year revenue dwarfs Ireland's GDP (of $227bn). And Greece's, which is $139bn. Perhaps it could lend a hand with some debt relief? And even oil-rich [...]
Tech stocks fired up on Nasdaq after Apple posts 22 per cent revenue jump October 27, 2015 Tech stocks dominated the top ten most active on Nasdaq in after hours trading, with Apple leading the way. After the group revealed that revenue had risen 22 per cent to $51.5bn (£33.7bn), shares in the tech giant rose by three per cent, before dropping back down. Microsoft was down by 0.15 per cent, while [...]
Apple Watch sales break-down remained elusive in Apple’s full year results October 27, 2015 Apple may have announced record revenues thanks in part to a 22 per cent increase in iPhone sales, but the much-vaunted Apple Watch did not get a mention in the results as many had hoped it would. The last quarter results over the summer were supposed to be the first chance to see how the [...]
Apple share price rises thanks to record revenues but iPhone sales are less impressive October 27, 2015 Apple shares closed down 0.63 per cent but rose 2.88 per cent in after hours trading thanks to record results that beat expectations. The figures Apple reported revenue for the last three months rose 22 per cent, to $51.5bn, from $42.1bn this period last year, while net profits hit $11.1bn, up from $8.5bn. Earnings per share were $1.96, up from [...]
London Irish v Saracens to be played in New York as Aviva Premiership Rugby lands in America October 27, 2015 London Irish and Saracens will play each other in New York in the Aviva Premiership's first ever overseas fixture. The two London clubs will swap the Big Smoke for the Big Apple on Saturday 12 March, with the Exiles' home fixture set to be staged at the 25,000 capacity Red Bull Arena, home of the New York [...]
Apple weighs on Wall Street before results – New York Report October 26, 2015 Energy shares dropped with oil prices yesterday and Apple retreated a day before its quarterly results as the Dow and the S&P 500 edged lower. The Dow Jones industrial average fell 23.65 points, or 0.13 per cent, to 17,623.05, the S&P 500 lost 3.97 points, or 0.19 per cent, to 2,071.18 – but the Nasdaq [...]
US GDP data likely to push back Fed hike – eToro Tips & Picks October 26, 2015 Global markets and investors will be focusing on the US this week, as we could get further clarity on when the first rate hike will come from the Fed. This week’s US GDP reading is expected to show that the US economy grew less than predicted, and this will more or less cement the [...]