The Dow Jones Industrial Average rose slightly on Tuesday, erasing earlier losses as Home Depot shares jumped on strong earnings.US Marketsread more
For investors still haunted by last week's monster sell-off, the market's comeback is set to last, according to J.P. Morgan's quant guru.Marketsread more
The FDIC on Tuesday voted to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.Financeread more
The launch follows a "preview" earlier this month that allowed only limited customers to apply.Technologyread more
A U.S.-China trade deal would be less likely if President Xi cracks down violently on the large-scale protests in Hong Kong, Secretary of State Mike Pompeo tells CNBC.Politicsread more
At least three children held in detention centers at the Mexican border have died, in part, from the flu, a group of doctors say.Health and Scienceread more
The report was conducted by Senator Jon Kyl, R-AZ, and a team of lawyers who interviewed conservatives who use ans study Facebook.Technologyread more
The prospect of increased regulation is coming back to haunt Big Tech, and one FAANG stock looks especially vulnerable to downside.Trading Nationread more
Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."Retailread more
U.S. interest rates will keep falling and follow global interest rates all the way down to zero, hedge fund manager Kyle Bass said.Marketsread more
Financial advisers are always "buying at the wrong time and selling at the wrong time because they're emotional," the billionaire founder of Baron Capital says.Marketsread more
Barclays has bad news for Apple if it decides to price the its upcoming high-end iPhone at more than $1,000.
In an investor note, Barclays said that just 11 percent of its survey respondents would spend more than $1,000 on an iPhone. Most folks only want to spend $582, or $48.50 per month on a 12-month device installment plan.
The tables turn a hair in Apple's favor among current iPhone owners — 18 percent of consumers who already own an iPhone are willing to spend more than $1,000, Barclays said.
This could spell bad news for Apple. Reports have suggested its new iPhone 8 will cost $1,200 or even as much as $1,400.
Here's why investors might not need to worry, though: Apple's most high-end iPhone 7 Plus, already on the market, costs more than $1,000 after taxes. Also, Apple is expected to offer two other devices, perhaps named the iPhone 7s and iPhone 7s Plus, alongside the iPhone 8. That would help it attract consumers who might not want to spend $1,000 or more on the most expensive iPhone.
Also, Barclays said that, on a global scale, "85 percent of respondents are willing to pay more for the newest generation smartphone device, which could help dispel the bear thesis that very few consumers will purchase a new smartphone without carrier or other subsidies."
And speaking of subsidies, Apple may help attract consumers with sticker shock using its iPhone Upgrade program. This allows iPhone owners to trade in their current device toward the purchase of a new iPhone every 12 months.