Markets


Tougaloo College donates bottled water to Flint residents
- January 30, 2016

The state is now handing out filters and bottled water with the National Guard. "We need those pipes replaced, and not a single pipe has been replaced since they discovered lead in the water". "I was just so excited because this is what you expect and you". "I have family members from Fayette, Mississippi, and other places where there's is darker toned water but to know that it's actually people in America drinking water that has lead poisoning", said Williams. (more...)
Apple sets Q1 record: $75.9B revenue, 75M…
- January 30, 2016

Shares of Apple , which are down more than 11 percent over the previous year, fell 2.6 percent in after-hours trading after the results were announced . That would be Apple's first year-over-year sales decline since the January-March quarter of 2003 - long before the company began selling iPhones and iPads. (more...)
County prosecutor gets green light to investigate Flint water crisis
- January 29, 2016

Officials there discovered the problem after the number of children suffering from lead poisoning doubled after the change was made in April 2014. Flint was under state financial management when it disconnected from Detroit's water supply and began using the Flint River to save money. (more...)
Uber just got cheaper in New York City Uber just got cheaper in New York City
- January 29, 2016

Meanwhile, the minimum fare on a trip will be $7, down from $8. "Uber is keeping its drivers in poverty wages just so that the company can try to monopolize", said Bhairavi Desai executive director of the New York Taxi Workers Alliance "This is disgusting". (more...)
Russia: No firm plans to coordinate oil output with OPEC
- January 29, 2016

Russia's energy minister Alexander Novak revealed to reporters that Saudi had proposed each nation would reduce output by 5%. At-the-money implied volatility for both West Texas Intermediate (WTI) and Brent has surged this week. Spending on global oil and gas exploration and production will fall nearly 20 percent this year to about $450 billion, according to consultant Wood Mackenzie Ltd, and independent United States explorers are expected to report losses totaling more than $15 ... (more...)
Apple Reports Over 1Billion Active Devices
- January 29, 2016

On the one hand, Apple managed a record-breaking $18.4 million profit on $75.9 billion revenue; the largest ever amassed by a single public corporation. Along with record profits during the fourth quarter, Apple said its active installed base surpassed a billion devices for the first time ever. (more...)
1 billion Apple devices in circulation around the world
- January 29, 2016

The company also said that the revenue for its next quarter is expected to be between $50bn and $53bn, both of which lie below the $58bn figure reported in Q2 2015. The launch of the iPad Pro helped Apple reporting 63 percent growth from the last quarter. Apple pointed to flailing in the Chinese consumer market, now a crucial region for iPhone sales, as a culprit behind the sluggish growth. (more...)
Apple predicts first revenue decline in 13 years
- January 29, 2016

This category includes Apple TV, Beats products, iPods and accessories for Apple devices as well as the Watch, though, so it's hard to draw any firm conclusions. They showed Apple sold 74.8 million smartphones during the previous quarter, compared to 74.5 million handsets during the same period in 2014. Apple is expected to report sales of its iPhones increased by a little more than one percent in the final quarter of past year when it announces earnings later on Tueday. (more...)
Amazon Tosses Out Its First Super Bowl Commercial Amazon Tosses Out Its First Super Bowl Commercial
- January 29, 2016

Baldwin muses as Marino takes notes. The Amazon Echo is competing with Siri to be the personal assistant for home. "Cheerleaders? Marino, again? I thought you were the expert at these parties". As it turns out, Marino is an expert at watching Super Bowls. A 30-second ad during the Super Bowl can cost as much as $ 5 million . A public relations agency representing Amazon didn't provide further details about the expense or the strategy behind the ad, except to say there's more to come. (more...)
Apple's dominance begins to waver as quarterly reports shows underwhelming iPhone sales
- January 29, 2016

Apple has announced record iPhone sales of 74.8 million in its first quarter of 2016, a very slight increase on the 74.5 million in the same period previous year. In constant currency, this prediction would indicate a 5%-10% drop in revenue, explained Apple CFO Luca Maestri. Comparing India with the Chinese market, Mr. (more...)
Department of Health finds 3 cases of Zika virus
- January 29, 2016

The disorder which can leave a person on life-support starts with weakness of muscles that begins with legs and gradually spreads to arms and face. He said the government decided to make the announcement because 5,397 cases of the Zika virus had been detected in El Salvador in 2015 and the first few days of this year. (more...)
Apple Expects First Ever Decline of iPhone Sales Next Quarter
- January 29, 2016

The figure is based on the number of iPhone, iPad, Mac, iPod Touch, Mac, Apple TV and Apple Watch engaged with Apple's service in the past 90 days. Apple has recorded its "strongest financial results ever", posting record profits and sales for its first quarter of 2016. (more...)
Economist tips 2 percent OCR in March Economist tips 2 percent OCR in March
- January 28, 2016

Inflation will take longer to reach the bank's 1-3 percent target than previously expected, he said. Markets seem to agree, with both the New Zealand dollar and swap rates falling after the announcement. The rating agency downgraded its forecast of New Zealand gross domestic product growth due to the downbeat agricultural outlook, putting it at odds with Bank of New Zealand economists who upgraded their forecast on the strength of recent services and manufacturing gauges. (more...)
Comparing the US Federal Reserve's views on US economy Comparing the US Federal Reserve's views on US economy
- January 28, 2016

This "pushes back" expectations of additional Fed rate hikes this year, with the four previously signaled by the Fed "highly unlikely to happen at this point", Russell said. But the Fed also noticed several hiccups in the economic environment, most notably in a softening of net exports and a slowdown in inventory investment, as well as the continuation of an inflation rate running below two percent. (more...)
Danish man tests positive for Zika virus after Brazil trip
- January 28, 2016

The United States said it will block people who have visited regions impacted by the virus from donating blood in a bid to fight its spread. The first is that the two species of mosquitoes that could be capable of transmitting the virus, Aedes aegypti and Aedes albopictus , live mostly in the southern, more tropical parts of the U.S. (more...)
IPhone sales flatline, as decline predicted
- January 27, 2016

According to analysts, the record revenue is a result of growth in the company's services, against the slowdown in sales of its devices. They showed Apple sold 74.8 million smartphones during the previous quarter, compared to 74.5 million handsets during the same period in 2014. (more...)
United States new-home sales at 10-month high in December United States new-home sales at 10-month high in December
- January 27, 2016

The report also said the median sales price of new houses sold in December was $288,900, down 2.7 percent from $297,000 in November and down 4.3 percent from $302,000 a year ago. As concerns about the global economy have mounted and prompted a flight to the safety of US Treasury securities, borrowing costs have declined for consumers since the Fed's decision. (more...)
Apple warns iPhone sales to drop for the first time ever
- January 27, 2016

Earnings for the just-completed quarter were $3.28 per share, compared with $3.06 a year ago. Apple did reveal that 1 billion devices (across all of its products, not just iOS products, including Mac PCs and Apple TV) have been connected to its services in the last 90 days. (more...)
Apple says it now has 1 billion active devices
- January 27, 2016

But here's the deal: iPhone sales won't keep climbing forever-though they're still growing, it's at a slower rate than ever before, from 74.5 million units to 74.8 million year-over-year. According to the figures, filed before Australia Day and obtained by Fairfax Media , Apple recorded higher sales, marketing and distribution expenses of $435 million and administrative expenses of $30.7 million. (more...)
Apple sets record for quarterly profit but expects sales decline Apple sets record for quarterly profit but expects sales decline
- January 27, 2016

Apple sold a record 74.8 million iPhones during the quarter, which includes the busy holiday shopping season, up only 300,000 units from 74.5 million a year earlier. Apple blamed the slower growth on the strong U.S. dollar, saying revenues would have risen 8 percent at constant exchange rates. Overall the report still boasted a number of successes as revenue of $75.9 billion compares to $74.6 billion in the same period a year ago. (more...)

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