AAPL – Page 3 – The News Desk

Stocks Edge Higher Ahead of Inflation Data, Fed Meeting

11Dec

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Money

Stocks Edge Higher Ahead of Inflation Data, Fed Meeting

Gains across a swath of stocks on Monday offset declines in big technology shares, keeping major indexes steady ahead of coming inflation data.Monday extended a recent trend: Since a lower-than-expected inflation reading last month, investors have piled into the stocks of moderately sized companies, while cooling on the giant tech firms that had previously driven this year’s rally.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Big Labor Is a Big Barrier to Apple’s India Ambitions

9Dec

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Money

Big Labor Is a Big Barrier to Apple’s India Ambitions

India is front and center of Apple’s plans to diversify production away from China. But shaky infrastructure isn’t the only obstacle. There is another crucial complicating factor: a powerful and independent labor movement.That is a major difference from China where, for better or worse, labor unions don’t exist as a political force independent of the ruling Communist Party. And with India’s contentious general elections coming up in early 2024, nascent labor reforms that are important to Apple’s plans could get caught up in the political crossfire.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Broadcom’s Software Makeover Doesn’t Fully Mask Chip Swings

8Dec

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Money

Broadcom’s Software Makeover Doesn’t Fully Mask Chip Swings

Broadcom Chief Executive Hock Tan isn’t someone who finds blowing money appetizing. But that $40,000 dinner seems to have gone down well. That was the reported cost for Tan to sit at the table of Chinese President Xi Jinping during a dinner at last month’s Asia-Pacific Economic Cooperation conference in San Francisco. It is a notable sum for an executive known for running one of the most tightfisted chip companies in the business. Broadcom spends just 4% of its annual revenue on sales and marketing—compared with 11% on average by companies on the PHLX Semiconductor Index. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Apple Aims to Make a Quarter of the World’s iPhones in India

8Dec

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World

Apple Aims to Make a Quarter of the World’s iPhones in India

Updated Dec. 8, 2023 12:01 am ETApple and its suppliers aim to build more than 50 million iPhones in India annually within the next two to three years, with additional tens of millions of units planned after that, according to people involved.If the plans are achieved, India would account for a quarter of global iPhone production and take further share toward the end of the decade. China will remain the largest iPhone producer.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

8Dec

By adminNo Comments

Technology

Apple Aims to Make a Quarter of the World’s iPhones in India

Apple and its suppliers aim to build more than 50 million iPhones in India annually within the next two to three years, with additional tens of millions of units planned after that, according to people involved.If the plans are achieved, India would account for a quarter of global iPhone production and take further share toward the end of the decade. China will remain the largest iPhone producer.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Treasury Yields Fall to Lowest Levels Since Summer

6Dec

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Money

Treasury Yields Fall to Lowest Levels Since Summer

Updated Dec. 5, 2023 5:38 pm ETThe bond rally resumed Tuesday, driving yields on benchmark 10-year U.S. notes to their lowest level since summer and lifting technology shares on an otherwise downbeat day for stocks. The technology-heavy Nasdaq Composite added 0.3%. In the S&P 500, technology and consumer-discretionary shares failed to offset declines in utilities, energy, materials and real-estate stocks, and the broad index shed less than 0.1%. The Dow Jones Industrial Average fell 0.2%, or about 80 points.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

How Long Can the ‘Magnificent Seven’ Stocks Hold the Line?

5Dec

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Money

How Long Can the ‘Magnificent Seven’ Stocks Hold the Line?

As in the eponymous 1960s Western, the so-called “Magnificent Seven” stocks keep on winning. This also means investors are betting the farm on just a handful of bullets hitting their targets.The S&P 500 is in a bull market, fueled by soft inflation data in the U.S. and Europe and the widespread belief that interest rates will start coming down early next year. Yet the stock market has become so top-heavy that speaking of a “bull market” carries less meaning than before. Without Apple, Microsoft, Alphabet, Amazon.com, Nvidia, Tesla and Meta Platforms—the high-growth, technology-related companies that analysts have dubbed the “Magnificent Seven”—the S&P 500 would only be up 9% this year, rather than 19%. Some 44% of stocks in the index are down this year.Copyright ©2023 Dow Jones &a...

One Supreme Court Case Could Mess Up Chunks of the Tax Code

3Dec

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World

One Supreme Court Case Could Mess Up Chunks of the Tax Code

WASHINGTON—A case that could punch holes in the federal tax code heads to the Supreme Court on Tuesday. The court will hear arguments in Moore v. U.S., which challenges a piece of the 2017 tax law that imposed a one-time levy on profits that companies had accumulated outside the U.S. But its implications could reach much further, providing the justices an opportunity to define what Congress can tax under the Constitution—and what it can’t. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Digital Payments Are Having a Jolly Holiday

3Dec

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World

Digital Payments Are Having a Jolly Holiday

This year’s Black Friday might not have been marked by stories of mobs of shoppers like in past years, but it made up for that drama digitally.In-store U.S. retail sales on Black Friday rose 1.1% over last year, according to Mastercard SpendingPulse, and e-commerce sales were up 8.5%. That might help give a second wind to digital payments stocks whose shares have struggled at times in the postpandemic era. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

2Dec

By adminNo Comments

Money

Digital Payments Are Having a Jolly Holiday

This year’s Black Friday might not have been marked by stories of mobs of shoppers like in past years, but it made up for that drama digitally.In-store U.S. retail sales on Black Friday rose 1.1% over last year, according to Mastercard SpendingPulse, and e-commerce sales were up 8.5%. That might help give a second wind to digital payments stocks whose shares have struggled at times in the postpandemic era. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8