eToro bringing crypto trading and wallet to the US

eToro, the social investing and trading platform, announced that it will finally be launching its platform in the US. The platform, which already operates in more than 140 countries, will be available in 30 states and two territories with plans to expand elsewhere in the US after receiving the necessary regulatory sign-offs. The US platform […]

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Trump to Apple: Make the iPhone in the U.S., not China

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President Donald Trump made his first comments on Apple’s big stock drop this Friday — and they were largely dismissive.

At the news conference, Trump also voiced his displeasure with Apple for making products in China, although he falsely asserted Apple CEO Tim Cook would soon change that.

TRUMP: “Don’t forget. Apple makes their products in China. I told Tim Cook, a friend of mine, make your product in the US. Build those big, beautiful plants that go on for miles. Build those plants in the US. I like that even better…China is the biggest beneficiary of Apple.” pic.twitter.com/tNK6OZVeDo

— Aaron Rupar (@atrupar) January 4, 2019 Read more…

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Apple losses trigger a plunge in US markets

Bad news from Apple and signs of slowing international and domestic growth sent stocks tumbling in Thursday trading on all of the major markets. Investors erased some $75 billion in value from Apple alone… an amount known technically as a shit ton of money. But stocks were down broadly based on Apple’s news, with the Nasdaq […]

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Apple loses $57 billion in market value as its stock plunges

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After halting stock trading yesterday to announce a revenue projection reduction of about $9 billion, Apple stock opened on Thursday at $144. It was around a $14 drop from its already plummeting price when the markets closed on Wednesday.

Now, Apple stock is at its lowest price in about a year and a half. Its current stock price knocks the iPhone-maker down to the fourth most valuable company behind Microsoft, Amazon and Google.

The Cupertino, Calif.-based tech giant’s market value now sits at about $57 billion less than it did before CEO Tim Cook’s letter to investors yesterday. 

Cook’s letter placed the blame for Apple’s lowered projections on a number of factors such as fewer than expected iPhone sales, trade wars with China, and even its own iPhone battery replacement program. Read more…

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View More Apple loses $57 billion in market value as its stock plunges

Apple loses $57 billion in market value as its stock plunges

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After halting stock trading yesterday to announce a revenue projection reduction of about $9 billion, Apple stock opened on Thursday at $144. It was around a $14 drop from its already plummeting price when the markets closed on Wednesday.

Now, Apple stock is at its lowest price in about a year and a half. Its current stock price knocks the iPhone-maker down to the fourth most valuable company behind Microsoft, Amazon and Google.

The Cupertino, Calif.-based tech giant’s market value now sits at about $57 billion less than it did before CEO Tim Cook’s letter to investors yesterday. 

Cook’s letter placed the blame for Apple’s lowered projections on a number of factors such as fewer than expected iPhone sales, trade wars with China, and even its own iPhone battery replacement program. Read more…

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Stock markets suffer their worst Christmas Eve trading day

Twas the last trading day before Christmas, and on the trading floor, Most stocks were falling, and then falling some more, Treasury Secretary Steven Mnuchin all the banks had called, In hopes that full coffers were still in their vaults. Bruising #stock selloff continues, as Treasury sec #Mnuchin tries to calm jittery #markets https://t.co/Ejcurl74nV via […]

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Microsoft tops Apple as world’s most valuable company

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Microsoft and Apple are duking it out.

For a few minutes on Monday, Microsoft beat Apple to become the world’s most valuable publicly traded company. At 1:05 p.m. ET, Apple’s $812.60 billion market value fell below Microsoft’s $812.93 billion, allowing the Redmond, Washington-based tech giant to snatch the world’s most valuable company title from Cupertino.

Apple has lost the title of world’s most valuable publicly traded company to Microsoft https://t.co/DrInmQvUhx pic.twitter.com/1sEJvp0tB0

— Bloomberg Markets (@markets) November 26, 2018

According to Bloomberg, “the last time Microsoft was bigger than Apple based on market cap was in mid-2010.” Read more…

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The highest flying consumer tech stocks have lost $1 trillion

Another day, another stock market setback for once high-flying technology companies, which have lost roughly $1 trillion in the latest stock market slide. Shares of the core group of consumer technology companies including Facebook, Amazon, Apple, Alphabet, and Netflix are falling again — contributing to the big indexes like the Dow Jones Industrial Average and the […]

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Today in brighter crypto news: SEC says tokens are securities

Crypto news got a little boost last week after a dark month of crashes, stablecoins, and birthdays. The SEC ruled that two ICO issuers, CarrierEQ Inc. and Paragon Coin Inc., were in fact selling securities instead of so-called utility tokens. “Both companies have agreed to return funds to harmed investors, register the tokens as securities, […]

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Apple is no longer a $1 trillion company

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Apple, the first ever U.S. company to be valued at $1 trillion, is no longer worth $1 trillion.

News of Apple’s demotion — now once again slumming it as one of the companies worth only hundreds of billions of dollars — came as the result of a domino effect of negative press for the company. Already feeling market pressure after announcing a change to how the company was going to report quarterly sales, a new report delivering bad news related to the latest iPhone has extended those woes.

After a report in Nikkei Asian Review, a large financial publication out of Japan, claimed demand for the new iPhone XR was lower than expected, Apple’s suppliers in Asia have taken a hit in the stock market as well. The stock prices of Foxconn, Pegatron, Largan Precision, Flexium Interconnect, and AAC Technologies all declined in the wake of the news, which said Apple has supposedly halted additional production lines of its latest iPhone model. Read more…

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