Apple has quietly dropped 22% from its peak, giving up $500 billion in market cap

Well, that was fast.It took just 12 trading sessions for Apple to plunge more than 20% from its all-time high, shedding more than half a trillion in market capitalization.The tech giant has plunged 22.6% from its intraday record high of $137.98 from Sept. 2, losing around $532 billion in market value. Apple's fast and furious decline followed its massive run-up in August ahead of its 4-for-1 stock split, while the steep losses also came as Apple's recent product event — its ...

Dow rises 100 points ahead of Fed announcement

Stocks rose on Wednesday as investors braced themselves for the Federal Reserve's latest decision on monetary policy. The Dow Jones Industrial Average traded 100 points higher, or 0.4%. The S&P 500 climbed 0.3%. The Nasdaq Composite was 0.1% higher.Better-than-expected earnings from FedEx boosted sentiment. FedEx released a blowout quarter with earnings $2.18 per share above analyst estimates, fueled by the e-commerce boom. The shipping company rallied more than 7%. The Federal Open Market Committee will provide its quarterly update on its estimates ...

Fires in Oregon, California and Washington spread, death toll rises

In this aerial view from a drone, homes destroyed by wildfire are seen on September 12, 2020 in Talent, Oregon. Hundreds of homes in Talent and nearby towns have been lost due to wildfire.David Ryder | Getty Images News | Getty ImagesHistoric wildfires are burning millions of acres and destroying homes in California, Oregon and Washington state, as officials brace for more fatalities and evacuations. The fires have killed at least 33 people across the states and dozens more are missing. More ...

Stock futures rise slightly following Thursday’s wild ride

People walk outside of the New York Stock Exchange.Spencer Platt | Getty ImagesU.S. stock futures opened higher on Thursday night after a volatile session in which the recent tech sell-off resumed.Dow Jones Industrial Average futures were up by 76 points, or 0.3%. S&P 500 futures gained 0.3% along with Nasdaq 100 futures. The Dow ended the regular session down more than 1% along with the S&P 500. The Nasdaq Composite dropped 2%. All three of the major indexes had popped before ...

Chinese bottled water giant Nongfu Spring soars in Hong Kong debut

Nongfu Spring's bottled water in a supermarket in Hangzhou, China.Costfoto | Barcroft Media | Getty ImagesSINGAPORE — Shares of Chinese bottled water giant Nongfu Spring surged more than 85% in their debut on the Hong Kong stock market on Tuesday. The stock opened at 39.80 Hong Kong dollars per share ($5.14) before inching down to around 35.00 Hong Kong dollars ($4.52). Its initial public offering price was 21.50 Hong Kong dollars ($2.77), allowing the company to raise around $1.1 billion. Dickie Wong, ...

Start-up founded by ex-Goldman trader becomes first fintech to complete takeover of a national bank

Jiko CEO Stephane LintnerSource: JikoA tiny start-up led by a former Goldman Sachs trader has become the first fintech firm to complete the acquisition of a nationally-regulated U.S. bank, CNBC has learned.Jiko, a 23-person company co-founded by Stephane Lintner, has closed a deal to purchase Mid Central National Bank, a 63-year old retail bank based in Minnesota, according to people with knowledge of the transaction. The start-up secured approval for the move from the Office of the Comptroller of the ...

U.S. financial firms like Citi and BlackRock make inroads into China

Aerial view of Lujiazui Financial District at dusk, Pudong, Shanghai, China.Fei Yang | Moment | Getty ImagesFrom regulatory approval to business decisions, major American financial giants are moving deeper into the Chinese market, even though political tensions between the two countries are growing.Citi announced Wednesday it received a domestic fund custody license from the China Securities Regulatory Commission — becoming the first U.S. bank and the first of the top 5 global custodians to do so.The license will allow Citi to hold securities ...

Dow turns positive for 2020

Dow Jones Industrial Average rises 161 pointsDow positive for 2020The 30-stock average joined the S&P 500 and Nasdaq as it clawed its way back into positive territory for the year. "To some extent, this is psychologically positive for the market," Randy Frederick, vice president of trading and derivatives at Charles Schwab. Those gains came after the release of positive economic data. U.S. consumer spending rose 1.9% in July, topping a Reuters forecast of a 1.5% gain, the Commerce Department said. Personal income was also ...

What it means for markets now that the Fed has given up on the Phillips Curve

If I may be so bold as to simplify Jerome Powell's Jackson Hole speech from this morning: There is no longer any empirical evidence that would suggest that full employment is, in and of itself, a cause of rising inflation.In many ways, this is the Fed's somewhat belated acknowledgement that the type of wage-price spirals that we saw in the U.S., and around the world, from the late 1960s through the early 1980s, are no longer mutually reinforcing cycles.The Phillips ...

Benefits Of Reading Financial News On A Daily Basis

Nowadays, one of the most outstanding features of an individual is an ability to constantly learn new skills via the Internet. Thus, be reading financial news one may become much more proficient in all economic aspects of life and respective decision-making. By reading business news, one can easily understand the general context of the country’s economic development. And these are only some of the benefits of always reading today’s financial news.

Generally speaking, finance news equips us for so much more than simply stock market decisions. Even if you are not an investor or employee of the big 4, there is a lot to learn from these for daily decision making. From buying a house or taking a car loan, the latest financial news are always there to help you make the most rational decisions considering significant financial investments these could entice. This is not to mention if you are an investor and cannot live without stock market news today updates.

Becoming A Rational Decision-maker With Free Financial News

It is a well-known fact that people are intrinsically irrational creatures. It is a common practice to buy something in a hot-headed state and then regret it. The simplest example would be the merchandising trick of all groceries stores putting some sweets and gums right near the cashier’s desk.

Whether you need it or not, you are more likely to buy it. Well, gum is nothing as compared to real estate investment. The latter decisions have to be backed with certain knowledge which can be acquired through the following categories of updates:

  • stock market news: especially for those who want to create passive income in future, stock news today are crucial to keeping abreast of. They help one decide where and how much to invest. It also allows to better understand the status quo at the market;
  • international developments: for private persons with interests abroad, this section would be of crucial importance. Let us say, that somewhere in the world property prices are decreasing and you do not know about it. Such a situation will never take place in case of regular reading;
  • banking regulations: for those who need to take out a loan or deposit money with the bank, knowing what is going on in the banking industry is a must.

Even though some editions and newspapers are not completely trustworthy, the news is still of extreme importance to any person living in the times where money play such a significant role.

Top