Tech stocks hit to the core on Apple results – New York Report July 22, 2015 WALL STREET declined for a second straight session yesterday as the tech sector fell on disappointing results from giants including Apple. The Dow Jones industrial average fell 68.25 points, or 0.38 per cent, to 17,851.04, and the S&P 500 lost 5.06 points, or 0.24 per cent, to 2,114.15. The Nasdaq Composite dropped 36.35 points, or [...]
The EU risks damaging consumer interests in its push against Google dominance July 22, 2015 Jean Tirole won last year’s Nobel prize for economics for his work on a new type of market – and one that has grown with the meteoric rise of the internet. So-called two-sided markets arise when a company brings together suppliers and consumers. Google is a classic example: it provides browsers with web pages, and [...]
US markets fall, dragged by tech giants Apple, Facebook, Twitter share price sliding July 22, 2015 US markets were weighed down by plunging tech stocks after disappointing results from several giants, with Apple leading the fall after iPhone sales missed forecasts. Wall Street was weighed down by a Silicon Valley that was decidedly glum today, with Dow Jones closing 1 per cent down and Nasdaq 0.5 per cent. After yesterday's earnings [...]
Commodities plunge to 13 year-low dragged down by mining shares July 22, 2015 Commodity prices continue to plunge, as falling mining shares dragged a commodity index down to its lowest point since 2002. Bloomberg’s commodity price index, tracking gold, crude oil and other raw materials, has plunged by 40 per cent since 2011. Today the index fell to 95.5 points, its lowest point in 13 years. Mining shares [...]
Apple, Yahoo, Microsoft, IBM and Twitter share prices fall as US markets open July 22, 2015 US technology shares all fell as US markets today, after disappointing results by Apple prompted a mass sell-off overnight. Read more: Apple reckons Watch sales "beat internal forecasts" The iPhone manufacturer led the fallers, with its shares falling five per cent to $124.29, after a 7.3 per cent drop in pre-market trading wiped $66bn off its [...]
Apple Pay UK: Where are people using it most? TfL races ahead July 22, 2015 A week after Apple Pay's launch in the UK, and there's one spot where it's proving by far and away the most popular place to use. The contactless payment which lets you pay by simply swiping an iPhone or Apple Watch, attempts to make paying for stuff as quick and easy as possible, and there's no [...]
With this estimate of Apple Watch sales, the tech giant shows every sign of maintaining momentum: Investors are wrong to punish Apple July 22, 2015 Despite posting strong third-quarter revenue growth (up 33 per cent to $49.6bn) and a slight gain in margin, Apple’s shares slipped seven per cent in after hours trading, wiping billions off its valuation and leading other tech stocks down. Investors were concerned, it seems, by lower than expected iPad and iPhone shipments and the possibility of [...]
Apple’s value loses billions and tech share prices tumble July 22, 2015 European tech stocks have tumbled this morning after a string of muted results from the likes of Microsoft, IBM and Apple, which lost billions from its value in after-hours trading following a more reserved set of numbers from its third quarter earnings. The FTSE Eurofirst 300 tech index was trading down this morning while Arm's [...]
Greek parliament to vote on further bailout measures July 22, 2015 Greek Prime Minister Alexis Tsipras will be back in parliament today, attempting to cajole his MPs to vote in favour of a second package of bailout measures aimed at unlocking an aid programme worth as much as €86bn (£60bn). Given the support he's received from lawmakers so far, it's unlikely he'll have much trouble getting [...]
Apple’s chip maker Arm’s share price has dropped, despite upping its dividend by 25 per cent July 22, 2015 Apple's chip maker Arm Holdings's share price dipped this morning, despite upping its interim dividend 25 per cent after being buoyed by yet another strong quarter. The figures: Group revenues for the second quarter were up 15 per cent year-on-year in dollar terms, or 22 per cent in sterling. Most of that came from [...]