EU News Digest Latest News & Updates
When Apple was last this far from its highs, it had a massive surge over the next year. In May 2016, the stock had fallen 33 percent from 52-week highs. Over the following 12 months, it rallied 75 percent. Apple begins this week exactly as far from its record peak …
Read More »Monthly Archives: December 2018
US Judge clears the way for appeal of ruling against health law
Andrew Harrer | Bloomberg | Getty Images Demonstrators in support of U.S. President Barack Obama’s health-care law, the Affordable Care Act (ACA), hold up ‘ACA is Here to Stay’ signs after the U.S. Supreme Court ruled 6-3 to save Obamacare tax subsidies outside the Supreme Court in Washington, D.C., U.S., …
Read More »North Korea skirts sanctions through web of banks, companies: WSJ
News1-Dong-A Ilbo | Getty Images News | Getty Images In this handout image provided by the News1-Dong-A Ilbo, North Korean officials watch the demolition of the Punggye-ri nuclear test site on May 24, 2018 in Punggye-ri, North Korea. U.S. banks and regulators continue to struggle tracking and curbing money moved …
Read More »Fed could be factor in week ahead as stocks exit worst year in decade
Investors can bid farewell to the worst year for stocks in a decade, but they may not find a way to escape the volatility when the new year starts with a bang. By the first Friday of 2019, it’s back to business in a big way with the December jobs …
Read More »Elon Musk and Tesla have ‘outmaneuvered’ the SEC, says Jeff Sonnenfeld
Mark Brake | Getty Images Elon Musk speaks at the International Astronautical Congress on September 29, 2017 in Adelaide, Australia. Musk detailed the long-term technical challenges that need to be solved in order to support the creation of a permanent, self-sustaining human presence on Mars. Tesla and CEO Elon Musk …
Read More »Sears wins reprieve from liquidation as chairman makes last-minute bid
Gregory Bull | AP In this Nov. 17, 2004 file photo, Kmart chairman Edward Lampert listens during a news conference to announce the merger of Kmart and Sears in New York. Department store chain Sears won a reprieve from liquidating Friday after its chairman, Eddie Lampert, submitted a bid in …
Read More »Stocks wrap up 2 weeks of ‘disturbing’ moves
Source: FactSet Wall Street’s wild ride began on Dec. 17, with the S&P 500, Dow and Nasdaq all dropping more than 2 percent. Fears of a slowing economy and worries over the course and speed of Federal Reserve monetary policy pressured stocks that day. On Dec. 19, Fed fears came …
Read More »Netflix says 45 million accounts watched Bird Box in film’s first week
Sylvain Lefevre | Getty Images Netflix Co-founder, Chairman & CEO Reed Hastings attends Q&A during Transatlantic Forum as part of Series Mania Lille Hauts de France festival on May 3, 2018 in Lille, France. Netflix said Friday its latest original film Bird Box has been viewed by more than 45 …
Read More »Blue Apron shares bounce back to over $1
Lucas Jackson | Reuters Blue Apron CEO Matthew B. Salzberg, center, celebrates with co-founders Ilia Papas, second from right, and Matt Wadiak during the company’s IPO on the New York Stock Exchange in New York, June 29, 2017. Blue Apron bounced back to over a dollar per share Friday as …
Read More »Is the buyback surge over? Don’t bet on it
Brendan McDermid | Reuters A trader works at his post on the floor of the New York Stock Exchange, December 19, 2018. The Wall Street Journal reports Apple has lost nearly $9 billion this year buying back its own stock. Apple is one of those buyback monsters that has spent …
Read More »