GS Forecasts Apple to Sell Fewer iPhones

Goldman Sachs underscored its lukewarm thesis on Apple and said it believes the company will ship fewer iPhones in late 2019 than the 67 million the rest of Wall Street expects. Analyst Rod Hall reiterated his neutral rating Tuesday, telling clients that it’s increasingly likely that Apple falls short of unit sales and average selling […]

Stocks Lower After Mixed Earnings

U.S. stocks pulled back slightly on Wednesday after a record-setting rally in the prior session, as investors digested a batch of mixed earnings reports. The S&P 500 is just 0.3% away from an intra-day record high of 2,940.91 hit on Sept. 21 after surging about 17% this year, helped by a dovish Federal Reserve, hopes […]

US Stocks Rise Lifted by Tech Sector

U.S. stocks opened higher on Tuesday, led by gains in technology stocks and upbeat earnings from a handful of companies including Coca-Cola and Twitter. The Dow Jones Industrial Average rose 2.78 points, or 0.01%, at the open to 26,513.83. The S&P 500 opened higher by 2.02 points, or 0.07%, at 2,909.99. The Nasdaq Composite gained […]

Former US Ambassador to EU Says Trade War a Mistake

With the U.S. and China seemingly nearing the conclusion of a trade deal, many experts have predicted that Washington could next turn up tensions with the European Union. Those worries came as the U.S. and some of its European allies recently clashed on issues such as Huawei’s role in 5G development — something the administration […]

Oil Rises After Weekly Stocks Report Drawdown of 1.4M

Oil rose after the Energy Information Administration (EIA) posted its weekly crude inventories report showing a 1.4-million-barrel drawdown with gasoline and distillates also showing reductions. Supply concerns persists with US sanctions against Iran and Venezuela and the civil war in Libya, but the OPEC+ agreement has been the bigger factor. The deal to limit production […]