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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 ...

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 ...

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 ‘iCar’ concept on tap for Wednesday Apple Event?

SAN FRANCISCO, September 8, 2015 – It’s almost Apple Event time again. With the keynote slated to begin at 10 a.m. PDT (1 p.m. EDT) on Wednesday, September 9 at San Francisco’s Bill Graham Civic Auditorium, Apple flags are flying high over the venue. It’s already a given that we’ll hear about a new or updated iPhone ...

Apple’s new ‘life-saving’ watch. Seriously?

WASHINGTON, March 9, 2015 – The market was modestly positive today. Well, more than modestly if you were in the right stocks. (Which the Prudent Man apparently wasn’t.) The Dow closed up 138.94 Monday, with the S&P 500 up 8.17 and the NASDAQ up a decent 15.07, getting it tantalizingly close to that 5,000 mark once ...

Apple [AAPL] stock on pre-iPhone tear, Yellen on deck

WASHINGTON, August 21, 2014 – Tricky but positive action rules trading this morning, with the Dow back above the somehow-magical 17,000 mark and the S&P 500 flirting with and occasionally exceeding another record. If this is a “bubble,” as the trading punditocracy has been calling it, somebody’s sure making the big bucks on the latest ...

Apple HQ at 1 Infinite Loop.

Apple [AAPL] analyst claims iPhone maker likely ‘obsolete’

WASHINGTON, July 24, 2014 – Another day, more nonsense, and heavy earnings reports en route. Stocks are up only a few points on all averages as of noonish today, making this just another summer doldrums afternoon on Wall Street. Likely bored with stocks’ meandering, the chattering classes spiced up the action this morning by trotting ...