Apple Q3 earnings look to big iPhone sales, but App Store revenue could slow later this year

Apple’s iPhone 12 is expected to continue to dominate in Q3. (Image: Apple) Apple (AAPL) is set to report its Q3 2021 earnings after the closing bell on Tuesday, and analysts predict strong iPhone sales performance. But a predicted slowdown in future quarters for App Store revenue, thanks to vaccine-related reopenings and tough comparisons to 2020, could send guidance for the coming quarters lower. Here’s what Wall Street is expecting from Apple, as compiled by Bloomberg, versus how it… Source link

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Bitcoin Nears $40,000 as Shorts Fuel Rally on Amazon Speculation

(Bloomberg) — Bitcoin surged close to $40,000 as a flurry of short-covering intensified a rally apparently sparked by speculation over Amazon.com Inc.’s involvement in the crypto industry. A job posting from the retail giant seeking an executive to develop the company’s “digital currency and blockchain strategy” stirred questions among analysts over whether the move could eventually lead to Amazon accepting Bitcoin as a method of payment. As the largest digital token gained on the… Source link

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U.S. new home sales hit 14-month low amid supply constraints

By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes tumbled to a 14-month low in June and sales in the prior month were weaker than initially estimated, the latest signs that expensive lumber and shortages of other building materials were hurting the housing market. The third straight monthly decline in sales reported by the Commerce Department on Monday followed news last week that permits for future homebuilding dropped to a nine-month low in June while home… Source link

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ESG investing is booming, and investors are ‘winging it when it comes to research’

Interest in environmental, social, and governance (ESG) investing has taken off, and there’s no sign it’s slowing down.  And yet, when it comes to choosing assets that align with their values, investors are still relying heavily on brand perception rather than companies’ policies on ESG-related issues. A recent survey conducted by Investopedia and TreeHugger asked respondents to choose stocks that they thought performed best by ESG standards. Surprisingly, many of the top picks were middling… Source link

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Foreign investment in US housing market falls to a record low

The U.S. housing market was a bright spot during most of the COVID-19 pandemic, but it didn’t get any help from international buyers, many of whom couldn’t even travel to the U.S. The dollar volume of existing-home purchases by foreign buyers for the 12-month period ending March 2021 fell 27% to $54.4 billion, while the number of homes bought by foreigners fell 31% to 107,000 units, according to a new report by the National Association of Realtors (NAR) released Monday. The dollar volume… Source link

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Google Cloud Exec Rob Enslin Talks Neurodiversity In The Workforce And How The Autism Career Program Seeks Top Talent

Google has partnered with Stanford University on a new Autism Career Program for neurodiverse job … [+] seekers. Google Images Google on Monday announced in a blog post the launch of what it calls the Google Cloud Autism Career Program. The Bay Area-based tech titan said it’s designed to “hire and support more autistic talent in the rapidly growing cloud industry.” This effort by Google is the latest in an ever-growing trend, spearheaded by organizations big and small, to… Source link

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Americans know about cryptocurrency but most aren’t interested in investing

Names like bitcoin (BTC-USD), dogecoin (DOGE-USD), ethereum (ETH-USD), and litecoin (LITE-USD) are entrenching themselves in the financial and cultural lexicon.  But most people are not ready to take the cryptocurrency plunge, a new poll suggests. A YouGov survey of 1,715 U.S. adults, conducted exclusively for Yahoo, found that 89% of respondents had heard of bitcoin and a clear majority (57%) of those who were aware would not invest in any cryptocurrency. (The poll, conducted July 13-15,… Source link

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Stock futures decline amid renewed virus, growth concerns

Stock futures headed toward a lower open Monday morning, with lingering concerns over the growth outlook at least temporarily outweighing optimism over a strong second-quarter earnings season. Dow futures dropped more than 100 points, or 0.4%, in early trading. The S&P 500 and Nasdaq also pointed toward a lower open. The three major indexes each set record closing highs on Friday, shaking off a sell-off at the start of last week as worries over the Delta variant increased.  Cyclical stocks… Source link

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These beat up stocks are poised for a big rally: Goldman Sachs

The rout in a good number of cyclical stocks amid resurgent COVID-19 infections this past month is overdone and it’s time to buy ahead of a coming big rally, contends Goldman Sachs.  “Among U.S. industries, Airlines (19% below its 52-week high) and Hotels (11%) rank among the laggards in recent weeks. If our economic outlook proves correct, these stocks should rebound in coming months. Likewise, the Energy sector trades 12% below where it traded a month ago and our commodity strategists’… Source link

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EU gives Google 2 months to improve hotel, flight search results

Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic//File Photo BRUSSELS, July 26 (Reuters) – Alphabet unit Google (GOOGL.O) has two months to improve the way it presents internet search results for flights and hotels and explain how it ranks these or face possible sanctions, the European Commission and EU consumer authorities said on Monday. The world’s most popular internet search engine has long faced scrutiny from antitrust enforcers and… Source link

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