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Monthly Archives: January 2018

AAPL’s iPhone unit sales could be weak: Bernsteins’ Toni Sacconaghi

Tomohiro Ohsumi | Getty Images The first customer to the Apple Omotesando store holds a box containing his iPhone X as he poses to the media on November 3, 2017 in Tokyo, Japan. Checks with supply chain vendors indicate that Apple’s iPhone sales may decline about 33 percent between the …

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US not abandoning strong dollar policy

Adam Galica | CNBC Secretary of Commerce, Wilbur Ross, at the 2018 WEF in Davos, Switzerland. Commerce Secretary Wilbur Ross took issue Wednesday with media characterizations that the U.S. is departing from its historically strong dollar policy. Treasury Secretary Steve Mnuchin’s remarks at a news conference at the World Economic …

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Caterpillar and four other Dow stocks that should win if dollar falls

The U.S. dollar index fell to a three-year low Wednesday and looks set for more declines, after Treasury Secretary Steven Mnuchin said a weak dollar was good for U.S. trade. The dollar index is now down 10 percent in the past year and broke below the key 90 level after …

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France’s Macron says globalization is going through a major crisis

FABRICE COFFRINI/AFP/Getty Images French President Emmanuel Macron gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, 2016, when he was French finance minister. French President Emmanuel Macron has said that globalization is facing a “major crisis” and that collective action is needed to confront the …

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Baidu raising $2 billion to take on Alibaba and Tencent

Qilai Shen | Bloomberg | Getty Images Ya-Qin Zhang, president of Baidu Inc., listens during the Boao Forum For Asia Annual Conference in Boao, China, on Friday, March 25, 2016. Chinese search engine Baidu is seeking new investors for its wholly-owned finance unit, in a deal that could fetch up …

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‘Fire and Fury’ sales exceed 1.7 million

Getty Images Customers purchase copies of one of the first UK consignments of Michael Wolff’s book on President Trump’s Presidency ‘Fire and Fury’, at Waterstones, Piccadilly on January 9, 2018 in London, England. Michael Wolff’s “Fire and Fury” is well on its way to becoming one of the top-selling nonfiction …

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Abbott’s fourth-quarter results, 2018 profit forecast beat estimates

Daniel Acker | Bloomberg | Getty Images An employee walks near an Abbott Laboratories sign at the company’s headquarters complex in Abbott Park, Illinois. Abbott Laboratories’ fourth-quarter results and 2018 adjusted earnings forecast beat Wall Street estimates as the healthcare company gains from its recent purchase of rivals such as …

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US oil prices top $65 a barrel for the first time since Dec. 2014

U.S. crude prices topped $65 a barrel for the first time in more than three years on Wednesday after government data showed the tenth straight weekly drop in U.S. stockpiles of crude oil. U.S. West Texas Intermediate crude futures rose 68 cents, or 1.1 percent, to $65.15 a barrel, hitting …

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Germany’s needs to modernize and embrace digitization, Merkel says

Jason Alden | Bloomberg | Getty Images Angela Merkel, Germany’s chancellor, delivers a speech during a plenary session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 24, 2018. World leaders, influential executives, bankers and policy makers attend the 48th annual meeting of the …

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Airline shares are dropping after United forecast raises price-war concerns

Gary Hershorn | Getty Images A United Airlines airplane passes the skyline of lower Manhattan and One World Trade Center as it heads to a runway at Newark Liberty Airport on January 20, 2018 in Newark, New Jersey. Airline stocks fell on Wednesday after United Continental’s growth plans raised concern …

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