Apple lost $180 billion in market value in just one day
This year Apple became the first American company to reach a market cap of $2 trillion. Yesterday, Apple captured another record, this time for its falling share price which amounted to the biggest market cap drop for a U.S. listed company ever. The stock lost over $179.92 billion in market value. That drop is larger than the individual market caps of 470 of the S&P's 500 companies.
apple market cap sandp500FoxNews
Best performing stock market in Asia
Best performing stock market in Asia
A New York-based financial markets research firm marketcurrentswealthnet.com termed Pakistan Stock Exchange as the best performing stock exchange in Asia and fourth-best in the world. "PSX benchmark KSE-100 index has given a return on investment of 38.5% in dollar terms as foreign capital has been flowing into the market after the yield on the nation's bond fell below double digits," the report said.
pakistan market stock exchange asiaAA
Mother and six children removed from flight after 2-year-old wouldn't wear mask
A Brooklyn mother traveling with six children from Orlando to New York was kicked off a JetBlue flight on Wednesday because her 2-year-old would not wear a face mask as required. Get Breaking News Delivered to Your Inbox "So should I tie her hands? JetBlue said the cabin became boisterous and a decision to deboard the plan was made.
face-mask 2019-20-coronavirus-pandemic jetblueCbsnews
US STOCKS-Nasdaq closes at all-time high as strong tech sector offsets jobless data
Gains in Apple Inc - the only publicly listed U.S. company to cross the $2 trillion market value milestone - Amazon.com Inc and Microsoft Corp underpinned the three main indexes' gains as investors bet they would ride out the economic crisis. Separate data from the Philadelphia Fed showed a business conditions index fell more than expected in August. "
high recovery spYahoo
Former Uber security chief faces criminal charges for hiding 2016 breach
Federal prosecutors have charged former Uber security chief Joe Sullivan with obstruction of justice for hiding a 2016 data breach from Federal Trade Commission investigators. The criminal complaint, filed Thursday, suggests that Uber's then-CEO Travis Kalanick was aware of the breach and Sullivan's efforts to cover it up. But it argues that Sullivan kept others involved in Uber's FTC response in the dark about the incident.
uber privacy security data-breach joe-sullivanArstechnica
Here are the three Amazon execs who just joined Jeff Bezos’ elite ‘S-team’ leadership suite
Amazon is adding three new members to the company’s senior leadership group, better known as the “S-team,” the executives who meet regularly with CEO Jeff Bezos and make key strategic decisions for the tech and e-commerce giant. The additions are part of a major leadership transition, with Amazon Consumer CEO Jeff Wilke announcing Friday that he will retire in the first quarter of next year.
elite joined wilkeGeekwire
TSA collects nearly $1M forgotten by passengers
The Transportation Security Administration collected nearly $1 million in unclaimed money passengers left behind after going through security checkpoints. “ It is always TSA’s goal to reunite travelers with items they have left behind at checkpoints.
lifestyle passengers tsaFoxnews
Microsoft plans cloud contract push with foreign governments after $10 billion JEDI win
Microsoft CEO Satya Nadella leaves the Elysee Palace after a meeting with the French President Emmanuel Macron in Paris on May 23, 2018. Specifically, Microsoft has committed to staffing the Pentagon initiative with people who hold sufficient government security clearances, and to delivering a group of existing products and services, as opposed to specially built technologies, at a customized price.
Dow Jones Jumps 200 Points, Helped By Bullish Gain For Apple Stock; Nvidia, AMD Lead Nasdaq 100
The stock market today strengthened in afternoon trading, with the Nasdaq composite and S&P 500 poised for their fourth straight weekly gain. Top gainers in the Dow Jones Industrial Average on Friday included Apple (AAPL), which is scheduled to split its stock 4-for-1 at the end of the month. Both Apple and Tesla are far extended past proper buy points, where buying now is fraught with risk.
nasdaq market jumpsInvestors
Payless makes comeback with launch of new e-commerce platform
Payless is making a comeback just in time for back-to-school season with the launch of a new website on Tuesday. Payless also plans to open 300 to 500 free-standing stores across North America over the next five years, beginning with the launch of the first prototype store in Miami, Florida, near Payless' headquarters.
launch value paylessFoxbusiness
Warren Buffett Changes Mind on Gold: He Will Panic-Buy Bitcoin at $50K, Says Max Keiser
Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with bitcoin. Buffett’s company Berkshire Hathaway revealed Friday that it had dumped bank stocks and took a position in a gold miner.
investment bitcoin maxBitcoin
Amazon Adding Hundreds of Tech, Corporate Jobs in North Texas
Amazon is planning to add more than 600 new tech and corporate jobs in Dallas as they expand their Tech Hub in North Texas. The expansion is part of a national expansion of hubs in Detroit, Denver, New York, Phoenix and San Diego that will create more than 3,500 jobs across the country.
amazon dallas galleria-dallasNbcdfw
Trump approves of Oracle’s effort to buy TikTok
President Donald Trump voiced support on Tuesday for Oracle Corp. to buy the U.S. operations of TikTok, adding a fresh wrinkle to the bidding for the Chinese-owned video-sharing app. Oracle, a giant in business software, has had preliminary discussions about teaming with some of ByteDance’s existing minority investors to buy TikTok’s U.S. operations but it isn’t clear how advanced the talks are, said people familiar with the matter.
software corporate political industrial-news article_normal general-news corporateindustrial-news politicalgeneral-news oracle-corp acquisitionsmergerstakeovers first_publish_headlinetrump-approves-of-oracles-effort-to-buy-tiktok headlinetrump-approves-of-oracles-effort-to-buy-tiktok usorcl acquisitions mergers takeoversMarketwatch
Ryan Reynolds has hilarious out of office message after selling Aviation gin for $610 Million
After Ryan Reynolds sold his Aviation Gin for an estimated $610 million, the "Deadpool" star has apparently set a hilarious out of office response. My lawyers just explained how long it takes to achieve an 'earn out'... so... turns out I'm not as George Clooney as I thought. The point is, to those listed below, I'm sorry... and I'll indeed be needing your help in the coming months and years.
message office ryanFoxnews
Elon Musk Gains $8 Billion to Become World’s Fourth-Richest Person
Elon Musk’s financial upswing shows no signs of slowing. The rise vaulted the Tesla co-founder past French luxury tycoon Bernard Arnault, the wealthiest non-American on the Bloomberg Billionaires Index. Musk’s fortune has grown by $57.2 billion this year, the second-biggest increase on the index after Amazon.com Inc. founder Jeff Bezos’s.
technology business markets wealth valuation sp-500-index amazoncom-inc tesla-inc pursuits elon-reeve-musk bernard-arnault mark-elliot-zuckerberg billionaires space-exploration-technologiBloomberg
Shell Gas Station security guard attacked by three men asked to wear a mask
LOUIS – A security guard at a Shell Gas Station was attacked by three men who were asked to leave for not wearing masks. Police said the victim then grabbed his gun from his holster and fired at the suspects causing them to flee the scene. The suspect was listed in critical/stable condition.
gun pandemic mask firearmFox2now
After TikTok, Trump indicates banning Alibaba, other Chinese firms in US
WASHINGTON: US President Donald Trump has indicated that he was looking to ban other Chinese-owned companies, including e-commerce giant Alibaba in the United States, days after signing an executive order targetting TikTok's parent company, ByteDance, an American TV channel reported. These banned clones include Tiktok Lite, Helo Lite, SHAREit Lite, BIGO LIVE Lite and VFY Lite.
google donald-trump alibaba wechat michael-pompeo app-tiktokIndiatimes
Asian markets rise, though Nikkei sinks after Japan’s record contraction
Japanese stocks sank while other Asian markets gained Monday after Japan reported a record economic contraction as the coronavirus pandemic weighed on retailing, investment and exports. The Nikkei 225 in Tokyo NIK, -0.82% fell 0.8% after the data showed the world’s third-largest economy shrank 27.8% from a year earlier in the three months ending in June.
investing securities foreign-exchange-news commodity financial-market-news money forex-markets article_normal hang-seng-index nikkei-225-index investingsecurities commodityfinancial-market-news moneyforex-markets first_publish_headlineasian-markets-rise though-nikkei-sinks-after-japans-record-contraction headlineasian-markets-rise spasx-200-benchmark-index auxjo shanghai-composite-index cnshcomp hkhsi jpnik spnzx-50-gross-index nznz50gr ftse-straits-times-index sgsti taiwan-taiex twy9999Marketwatch
Japan’s economy shrinks at record rate, slammed by pandemic
Japanese media reported the latest drop was the worst since World War II. For the April-June period, Japan’s exports dropped at a whopping annual rate of 56%, while private consumption dipped at an annual rate of nearly 29%.
period recession worsenedPolitico
Gold prices dropped 6%, the worst single-day decline in seven years
Gold prices fell more than 6% yesterday, the worst one-day decline in seven years as investors’ risk appetite returned, boosting U.S. stocks. Spot gold tumbled as much as 6% to $1,927.30 per ounce, down sharply from Friday’s record intraday high of $2,089.20. On Wednesday morning during Asia hours, spot gold fell further, last trading at $1880.16
china us crisis prices goldCNBC
China’s exports jumped 7.2% against an estimated 0.2% fall
Dollar-denominated exports in China jumped 7.2% year-on-year, economists at Reuters predicted a fall of 0.2%. In July, China posted a trade surplus of $62.33 billion, beating the $42 billion economists had expected. China’s trade surplus was $46.42 billion in June. Despite the coronavirus pandemic hitting global demand, exports from China have held up as exports in medical supplies jumped in the first half of the year
trump china us economyCNBC
Bank of England holds interest rate at 0.1%
In an important announcement on Thursday, the Bank of England held interest rates steady and maintained its existing level of asset purchases, as investors watched for signs that it is anticipating a slower economic recovery. The main lending rate was kept at 0.1%, as the central bank cut rates twice from 0.75% since the beginning of the coronavirus pandemic
rates coronavirus interest boeCNBC
Zuckerberg says there's 'no end in sight' for Facebook employees working from home
Facebook CEO Mark Zuckerberg on Thursday said there is no timetable for when employees will return to the company's offices amid a continuing surge in Covid-19 cases in the U.S. Zuckerberg made his comments on a call with analysts about Facebook's second-quarter results, specifically criticizing the Trump Administration for its handling of the coronavirus.
facebook technology business markCnbc
California Pizza Kitchen Files for Bankruptcy Because of Coronavirus
Los Angeles-based casual restaurant chain California Pizza Kitchen, better known simply as CPK, is now officially in chapter 11 bankruptcy as a result of the ongoing economic downturn fueled by the global coronavirus pandemic. While today’s announcement, made at Wall Street Journal, Nation’s Restaurant News, and elsewhere, does not mean that the company is closing its more than 250 locations permanently, though it does put the popular chain in direstraights.
company restaurant filesEater
US posted the worst-ever GDP plunge
US posted the worst-ever GDP plunge
US GDP dropped 32.9% in the second quarter, the worst ever posted in the Q2. Economists surveyed by Dow Jones had been looking for a drop of 34.7% but still, it was the worst drop ever, with the closest previously coming in mid-1921. The report comes amid a recession that began in February and pulled first-quarter growth down 5%. On a quarterly basis, the Q2 decline was 1.8%
us economy markets gdpCNBC