Stocks Wrap Up Another Strong Session

Text size Tech stocks were feeling some pressure Thursday. Getty Images Stocks continued their rally Thursday, as the market chewed over Federal Reserve minutes that suggested the central bank could slow down its rate-hiking at some point soon.  The Dow Jones Industrial Average gained 518 points, or 1.6%. The S&P 500 gained 2%, and the … Read more

Apple Boosting Pay Budget for Workers Amid Tight Labor Market

Apple is boosting pay for workers amid rising inflation, a tight labor market and unionization pushes among hourly store employees. The iPhone maker on Wednesday told employees in an email that the company is increasing its overall compensation budget. Starting pay for hourly workers in the US will rise to $ 22 an hour, or … Read more

Apple Stock Can’t Keep Up With The Market. iPhone Doubts May Be Why.

Text size Apple shares slipped as most tech stocks rose on Wednesday. Getty Images Investors are getting a little jittery about the outlook for Apple iPhone sales. Apple (ticker: AAPL) generates more than half of its revenue from the smartphones, without even counting the billions of dollars brought in by the App Store and the … Read more

Snap’s Gloomy Forecast Prompts Debate Over Trouble for Broader Advertising Market

Snap surprise disclosure that its second-quarter revenue and profit will be lower than expected sent its shares plunging and sparked debate over whether the social-media company’s woes signal a broader slowdown in the online-ad market. During a presentation at an investment conference, Snap Chief Executive Evan Spiegel said “the macroeconomic environment has definitely deteriorated further … Read more

Apple Looks to Boost Production Outside China

TOKYO—Apple has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing’s strict anti-Covid policy among other reasons, people involved in the discussions said. India and Vietnam, already sites for a small portion of Apple’s global production, are among the countries getting a closer look from the company as … Read more

Stocks Are Way Down. Some Fund Managers See Bargains.

Text size Sammy Simnegar, manager of the Fidelity International Capital Appreciation, flagged Nestlé as a steady grower whose valuation has fallen. Justin Sullivan / Getty Images The worry of the month is that the US is headed for a recession, but several fund managers at this week’s Morningstar Investment Conference said they do not expect … Read more

Apple Stock Has Broken Down. That’s Bad for the Market.

Text size Apple’s flagship store in Beijing is closed to prevent the spread of Covid-19. Kevin Frayer / Getty Images Apple stock has broken below a key level. That’s an ominous sign for the broader market. Its current price— $ 142.56 a share — is, of course, bad for the technology behemoth. After Wednesday’s trading, … Read more

Markets Probably Aren’t Done Convulsing. This Crypto Coaster Is Far From Over.

Stocks and cryptocurrencies seemed to pause to collect their breath late Thursday. Tether, the stablecoin linked to the dollar that also acts as the gateway to the rest of the crypto universe, recovered its peg after briefly losing it. Crypto buyers were reassured after Chief Technology Officer Paolo Ardoino said Tether had reduced its exposure … Read more

Switzerland’s Central Bank Bought Apple, AMC, Tesla, and Rivian Stock

Text size Apple stock is holding up better than the broader market. Gabby Jones / Bloomberg The central bank of Switzerland increased positions in some of its largest US-traded equity investments in the first quarter. The Swiss National Bank bought stock of iPhone maker Apple (ticker: AAPL), movie-theater chain AMC Entertainment Holdings (AMC), and electric-vehicle … Read more