Tag Archives: falling

Apple (AAPL) is pulling away from iPhone 14 production, retreating from plans to increase manufacturing by 6 million units, according to a report by Bloomberg. Apple hasn’t confirmed the report, but if true, this would put Apple’s iPhone production in line with last year, at about 90 million units. Still, a potential pullback is major news. The iPhone is Apple’s hero product, and its sales accounted for 52% of Apple’s 2021 revenue, so the stakes are high. However, the pullback likely… Source link

Renowned strategist Tom Lee says inflation could be ‘falling far faster than expected’ — here’s the 1 left-for-dead sector to bet on if that holds true According to Fundstrat’s Tom Lee, rampant inflation may not last much longer. “In the past week, we’ve gotten some data that I think really shows inflation could be falling far faster than expected,” the strategist tells CNBC earlier this month. Lee notes the drop in gasoline prices. He also looks at indices that are showing signs… Source link

Bitcoin prices have been trading close to $20,000 at a time when search interest is relatively low. … [+] (Photo by Nicolas Economou/NurPhoto via Getty Images) NurPhoto via Getty Images Bitcoin prices dropped under $20,000 yesterday, reaching a roughly six-week low, and they have failed to recover since then. The digital currency briefly dipped below this key, psychological level early on August 27, according to TradingView data. Later that day, the cryptocurrency… Source link

The red-hot PC market is rapidly slowing after surging during the COVID-19 pandemic, and powerhouse chip players AMD and Intel are feeling the financial pain. “We have taken a more conservative outlook on the PC business,” AMD CEO Dr. Lisa Su said on an earnings call late Tuesday. “So a quarter ago, we would have thought that the PC business would be down, let’s call it high-single digits [percentage]. And our current view of the PC business is that it will be down, let’s call it mid-teens… Source link

‘How quickly the tables have turned’: Falling mortgage rates have homebuyers so emboldened they’re asking sellers for cash After a string of steady increases, mortgage rates fell this week — a mixed blessing for the fragile U.S. economy. The lower rate on a 30-year fixed mortgage is a relief for home shoppers who have been watching rates climb, but it’s also a sign that a recession could very well be around the corner as the market slows. Rates tend to mirror 10-year Treasury yields,… Source link

(Bloomberg) — Crypto had another bad week — and it may only get weirder. Most Read from Bloomberg Bitcoin led a decline in digital assets across the whole crypto spectrum, with the world’s largest token set for an eighth straight weekly loss in its longest such slump since August 2011. Bitcoin fell 2.4% on Friday to about $28,700 as of 5 p.m. in New York, buffeted by both the macro headwinds of Federal Reserve monetary tightening and the crypto-specific fallout from this month’s implosion… Source link

LOS ANGELES — Los Angeles Rams fans and Super Bowl ticket buyers who live in close proximity to the surrounding area appear to be taking their sweet time. So much so that Thursday morning saw the average ticket price of Super Bowl LVI fall below the Super Bowl LV average for the first time since Sunday’s matchup was set between the Rams and Cincinnati Bengals. Thursday also featured a somewhat surprising slide in “get in” prices for the cheapest seats, hitting $3,400 all-in per seat… Source link

Amazon founder Jeff Bezos has an interest in bridge infrastructure. The billionaire, currently the world’s second-richest man, will pay the Dutch city of Rotterdam to dismantle and then rebuild part of a historic 95-year-old bridge to allow his new superyacht, the world’s tallest, to pass through it and out to sea. It’s a move that lies in stark contrast with bridge infrastructure in Bezos’s home country: the United States. A new study by the American Road & Transportation Builders… Source link

CES, the world’s largest technology show, appears to be in jeopardy due to rising COVID-19 cases in the United States. On Wednesday evening, exhibitor Lenovo announced that it would “suspend all on-site activity in Las Vegas,” following announcements from T-Mobile, Amazon, Meta, and others that they’d be ditching as well and despite CES organizers’ statements today that the show would go on. Intel says it will move to a “digital-first” experience with minimal on-site staff

Amazon’s often teflon stock (AMZN) is proving to be anything but as the peak holiday shopping season nears its conclusion.  With Monday’s 1.7% decline, shares of the tech giant dropped below its 200-day moving average (a key measure of market sentiment) on a closing basis for the first time since Nov. 1 on Monday. Amazon founder Jeff Bezos lost $3 billion in net worth in Monday’s sell-off. Amazon has closed down seven out of the past nine sessions, per Bloomberg data. Shares are up slightly… Source link