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This is the live blog of the Apple "Let's Rock" event. The first post is at the bottom of the page, with the last enry at top.
The Dow got a little bump at the opening bell but pared its gains after pending-home sales came fell more than expected. There had been little conviction in buying Tuesday as enthusiasm waned over the bailout of Fannie Mae and Freddie Mac and worries about the economy returned to the markets.
You could call it the Apple economy. The cult of Apple has spawned dozens of companies dedicated partly or entirely to supporting the company's line of groundbreaking products, creating a multi-billion dollar business for everything from battery chargers to carrying cases.
One of the cooler things in Internet journalism these days is the "live blog" — where a blogger is writing out his/her blog while an event actually unfolds in front of them.
Stock index futures pointed to a flat open for Wall Street as enthusiasm waned over the bailout of Fannie Mae and Freddie Mac and worries about the economy returned to the markets.
With only a few hours now until Apple's highly anticipated new product launch, how should you trade?
The Dow and S&P soared on Monday as investors bet Washington's Freddie and Fannie bailout will stabilize the housing market and ease the credit crisis.
Financials helped the Dow pull off a nearly 300-point gain Monday but techs limped to the finish line as nagging worries about a global economic slump found their way back into the market.
Apple Inc. shares fell as much as 5 percent on Monday ahead of a highly anticipated event on Tuesday when the maker of the Mac, iPod and iPhone is expected to roll out a new iPod Nano and may give an update on iPhone sales.
Shell, Andarko and other energy companies are delaying the restart of oil and natural gas production as a second storm threatens to batter the Gulf. How should you trade?
During the iPod's short life it has seen many technical updates and redesigns. Click to see how the iPod has changed from the first version to the latest incarnation.
As you might imagine, the reactions to the my earlier post today about Apple fatigue plaguing investors seems to have struck a nerve. Here are some more of your responses:
The air started to come out the Fannie-Freddie-inspired rally as the market started to float back to Earth.
I just knew that when I wrote that last post about some on the Street growing tired of Apple, that it would lead to a few responses from some of you. Well, I was right.
Yet this time around, it seems to me that Apple is laboring to manufacture the magic. Investor expectations have been ratcheting up at fever pitch for four straight years. It's simply getting more difficult to wow them every time.
Both the bulls and the bears can claim to be happy so far today. We have had a rally, and no less than TWO attempts to sell into it. Stocks are holding modest gains so far.
Apple has something up their sleeve for next week and speculation is swirling as to what it could be!
Stocks ended their worst week in months with modest gains on Friday, as bargain-hunting offset a government report showing further deterioration in the U.S. labor market.
For the week ending Friday, September 5, 2008, the U.S. markets ended in negative territory for the week after weak employment data and declines in auto and retail sales pointed to weaker consumer spending and a greater economic slowdown. The unemployment rate jumped to a 5-year high, soaring to 6.1%. On Thursday, the three major Indices fell back into bear market territory by dropping 20% from their market peaks set last fall. Both the Dow & Nasdaq Composite had their worst daily closes since July 26, with drops of more than 340 points for the Dow and 75 points for the Nasdaq.
You'd think the bad unemployment number would have kept us down. But here's why it didn't.