Market Updates

03 Aug 2018

Apple’s market value hits $1 trillion

Apple becomes the first US public company to have reach a historic $1 trillion in market value. Stock gained 2.9% during trading after a strong fiscal third-quarter earnings report earlier this week to close at $207.05 per share on Thursday. The stock has been rising since Tuesday’s sessio [...]

02 Aug 2018

Trump considers hiking proposed tariffs

US President Donald Trump adds to China trade pressure by proposing a higher 25% tariffs on $200 billion worth of Chinese imports, according to the Trump administration. US Trade Representative Robert Lighthizer said Trump directed the increase from a previously proposed 10% duty because “ [...]

01 Aug 2018

Apple shares pop after earnings report

Shares of Apple rose by 4% in after-hours trading, after the company reported strong results for the fiscal third-quarter Tuesday. EPS grew by 40% year over year and revenue grew by 17% at $53.3 billion for the quarter ended June 30. Apple’s CEO Tim Cook said: “Our Q3 results were driven [...]

31 Jul 2018

Trump willing to meet Iran’s Rouhani

President Donald Trump said he would be willing to meet his Iranian counterpart without preconditions and at any time. On Monday, he told reporters: “I’m ready to meet any time they want to,” adding that he’d do so without preconditions.” In May, the US left the 2015 deal in return [...]

23 Jul 2018

Trump warns Iran’s President Rouhani

US President Donald Trump warned that if Iran continued with its threats to the US, it would suffer unspecified consequences. In a tweet, written in all caps and directed explicitly at Iranian President Hassan Rouhani, Trump wrote: “Never, ever threaten the United States again, or you will [...]