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Apple misses numbers, stock down hard in after-hours trading

WASHINGTON, April 26, 2016 – Stocks wandered aimlessly today, with widely followed averages ending almost flat in lackluster trading action Tuesday. Traders seemed to be marking time for two presumably bellwether events, Apple’s most recent quarterly numbers and Wednesday’s Federal Reserve post-FOMC meeting report. As many analysts and investors had expected, Apple (symbol: AAPL) reported ...

Tribune Publishing to be acquired by Gannett in $815 million deal

WASHINGTON, April 25, 2016 – Our newspaper-loving neighbors over in Baltimore got a rude awakening this morning when they learned that Tyson’s Corner, Virginia-based Gannett (symbol: GCI) has just offered to buy the struggling Tribune Publishing (TPUB) chain for $815 million, a price that includes the assumption of debt. Among its newspaper properties, Tribune Publishing ...

New, upgraded Apple Macbooks now available

WASHINGTON, April 19, 2016 –While PC sales have been sinking in recent years due to the impact of smartphones and other more portable devices, Apple’s computers have been incrementally gaining market share. And that’s what makes today’s announcement of an upgraded line of Macbooks key to keeping the Apple product line ahead of the game. ...

DOJ may not need Apple’s assistance to unlock iPhone

WASHINGTON, March 21, 2016 – Magistrate Judge Sheri Pym canceled a scheduled hearing in California after the Department of Justice (DOJ) announced it may not need Apple’s assistance breaking into an iPhone that was used by one of the San Bernardino terrorists. The cancellation is a surprising twist in what has already been a high-profile ...

Business news: iPhones, Lions Gate, Sherwin-Williams

WASHINGTON, March 21, 2016 – As we write this, a moderately surprising early spring Apple Event is unfolding out in America’s Left Bank. Apple (symbol: AAPL) CEO Tim Cook, et. al. have just opened the meeting by virtue-signaling their support for all things environmental, social and liberal while staunchly defending the right of Apple device ...

A Babel of opinions lead markets down as Feb. options expire

WASHINGTON, February 19, 2016 – Thursday’s “wilting violet” market action has extended into Friday, where anemic and worried trading has put a negative cast on the widely followed major averages, although the NASDAQ has been trying to stay in the green. Barely. Currently, the Dow Jones Industrials (DJI) are off a little over 78 points ...

Stock rally wilts, oil inventory, options expiration weigh

WASHINGTON, Feb. 18, 2016 – Looks like the U.S. stock market has been having just too much fun over the last few days. After rallying big time since last Friday, stocks are getting a modest haircut as of 2 p.m. EST after achieving a slightly overbought situation by Wednesday’s close. The villain today is—you guessed ...

Saudis to cut oil output 5 percent! Nahh, just kidding…

WASHINGTON, January 28, 2016 – Wednesday’s rally and subsequent post-Fed minutes smackdown are already history. Thursday’s trading action thus far is much the same for completely different non-reasons. At the 9:30 a.m. opening bell, the market opened wildly up in full irrational exuberance mode as this morning’s hot story gripped traders and HFTs with a ...

Bring out the beer. Fed reports Wednesday afternoon

WASHINGTON, January 27, 2016 – After a nasty smash downward this morning, led by a decline (of course) in oil prices, markets suddenly swung to the upside at the noon hour of Wednesday, moving sharply up again. As of 1 p.m. EST, however, the averages seem to be changing their minds once again, with the ...

Wall Street Wheel of Fortune: Apple, Fed to report

WASHINGTON, January 26, 2016 – As the nation’s capital area continues digging out from this past weekend’s Snowmageddon 2016, Wall Street is attempting to dig the stock market out of the massive hole it’s excavated for itself since the beginning of the year. After Monday’s typically sickening close, Tuesday markets are rallying big time, at ...

Kim Jong-un nukes the stock market, Apple [AAPL], oil hurt

WASHINGTON, January 6, 2016 – Today, Wednesday, is “Little Christmas,” the official date for the Feast of the Epiphany when it’s said the Magi (and thus the Gentiles) found their way to the Christ Child. But alas, for investors, January already promises to become a Bear Market Epiphany, as markets are following through again today ...

2016 Bounce Back Stocks: From Apple to AbbVie

WASHINGTON, Dec. 29, 2015 – After last Thursday’s and yesterday’s dismal market action, the Tuesday morning mood on Wall Street is attempting to regain Santa Claus mode in what’s left of 2015 trading. As of the noon hour, the Dow Jones Industrials (DJI) are up 154 points, with the S&P 500 and NASDAQ up 17 ...

Loved by critics, ‘Steve Jobs’ film fades at box office

WASHINGTON, November 28, 2015 – Trying to paint a picture of just who Steve Jobs was and how he changed the face of technology – or at least how people use it – seems like an impossible task. When taking on a controversial persona like Steve Jobs, the tendency of a filmmaker is to simply ...

Minus Apple, Tuesday stock trading turns into a snore-fest

WASHINGTON, November 10, 2015 – The sleepy Norfolk, U.K. village of Little Snoring (pop. 619) is situated close to England’s eastern coast. Its small private airfield was once known as “RAF Little Snoring” back in the 1950s when it served as a base for the country’s Cold War air defense forces, “whilst the other part ...

Apple earnings silence critics, Walgreens to buy Rite Aid

WASHINGTON, Oct. 28, 2015 – What a difference a day makes, more or less. Apple (symbol: AAPL) earnings, reported Tuesday afternoon after the closing bell, silenced all its habitual naysayers. The company’s Q4 earnings and revenue “topped analysts’ expectations” noted numerous sources, although you heard that right here from the Maven in yesterday’s column. Some ...

Apple and the Fed: Back to ‘Waiting for Godot’ on Wall Street

WASHINGTON, October 27, 2015 – Tuesday morning’s futures indicated we’d have a lower opening trade, and at the bell, the markets quickly obliged. Trading has been dull to limp and the averages have slowly but inexorably sunk deeper and deeper into the Slough of Despond. It’s been like our favorite theatrical metaphor, “Waiting for Godot, ...