TheStreet’s “Dow Futures Extend Gains As Traders Bet on V-Shaped Recovery” posted early Wednesday: U.S. equity futures traded firmly higher Wednesday as investors looked to signals a quick recovery for the global economy even as officials continue to warn of an uneven path ahead over the next few months.
Tuesday’s much-stronger-than-expected reading for U.S. retail sales growth in May, a key driver of growth in the world’s largest consumer economy, pushed stocks higher in Asia last night, and look to support gains again today as investors bet on a so-called V-shaped recovery in the months ahead.
That optimism, alongside what scientists in the U.K. are calling a ‘major breakthrough’ in coronavirus treatment with a study of the use of dexamethasone in severely ill patients, has stocks on the move again Wednesday, with the Dow Jones Industrial Average back to testing the 27,000 point mark.
An undertone of caution continues to cap potential gains, however, following a grim assessment of U.S. growth prospects from Federal Reserve Chairman Jerome Powell yesterday to the Senate Banking Committee, as well as worrying rise in new COVID-19 infections in the Chinese capital of Beijing.
Apple’s head of diversity and inclusion Christie Smith is leaving the iPhone company, according to people familiar with the matter…
Smith joined Apple in 2017 after 16 years at consultancy Deloitte. Unlike her predecessor, who reported directly to the CEO, Smith reported to Apple’s Senior Vice President of Retail and People Deirdre O’Brien. The previous person in the role, Denise Young Smith, lasted only six months and left after apologizing for controversial comments she made about the mostly white makeup of Apple’s executive team.
“Inclusion and diversity are core Apple values and we deeply believe the most diverse teams are the most innovative teams,” Apple said in an emailed statement confirming the news. “Christie Smith will be leaving Apple to spend more time with her family and we wish her well. Our Inclusion and Diversity team continues to report directly to Deirdre O’Brien on the Executive Team.”
Apple said the move was planned two months ago, though a person familiar with the matter said Christie Smith’s last day was Tuesday. She was unique among Apple’s executive team in commuting from Seattle to Cupertino…
Apple hasn’t disclosed its most recent diversity numbers yet, but the company has made some headway in recent years increasing diversity among new hires. More than half of new hires in the U.S. in 2018 were Black, Hispanic or from other historically underrepresented groups in tech. Women accounted for 38% of Apple’s workforce under the age of 30, compared to 33% of the its overall staff.
A: There are no advantages I can think of other than those already offered by digital payment networks such as PayPal PYPL, +2.32% or Apple AAPL, +2.65% Pay. These companies already offer digital forms of money that are easy to store and spend. Would a central bank-issued digital currency change this in any material way? For the end user, only marginally so.
The European Commission launched two investigations into Apple on Tuesday. One major focus is on a contentious rule that limits what app developers can tell users about payment options beyond the App Store.
Apple’s developer guidelines say apps can’t “include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase.”
Europe’s regulators are particularly concerned that Apple forces developers to use its App Store payment service, which takes a cut of most app subscriptions and in-app purchases. Authorities are less concerned about the size of the revenue share -- whether Apple charges 30% or 15%.
“Apple’s competitors have either decided to disable the in-app subscription possibility altogether or have raised their subscription prices in the app and passed on Apple’s fee to consumers,” the European Commission wrote in a Tuesday statement. “In both cases, they were not allowed to inform users about alternative subscription possibilities outside of the app.”
The most likely outcome is a ruling that limits Apple’s ability to restrict information about other purchasing options,” Amit Daryanani, an analyst at Evercore ISI, wrote in a note to investors on Tuesday.
“The App Store is the only way for most consumers to install apps on the iPhone, and in most cases, Apple takes a 15% to 30% cut from developers offering subscriptions. Many of these aren’t allowed to facilitate purchases outside of the App Store, ensuring Apple gets its cut. Some apps are allowed to function without a subscription bought through Apple, but these apps can’t direct users to buy the service outside of Apple’s digital walls.
Apple is too big of a target and the EU wants their money.
Apple Inc. hasn’t guaranteed it would make Tim Cook available to the House antitrust panel, said the people, who asked not to be named describing the talks. Amazon.com Inc. has already said it would send Jeff Bezos to testify “at a hearing with the other CEOs this summer.” That would mark Bezos’ first appearance before Congress.
Apple’s position -- that it will send an appropriate executive, without promising Cook -- mirrors Amazon’s earlier reluctance to send its chief and could provoke a clash between the company and the lawmakers taking part in the probe. In Amazon’s case, Cicilline repeatedly threatened to subpoena Bezos, although the company ultimately backed down and agreed to send him voluntarily.
Antitrust scrutiny of giant technology companies is accelerating. Facebook and Google both face competition probes by federal enforcers and nearly all 50 states. Amazon is under investigation in California, Bloomberg has reported, and both the e-commerce giant and Apple are facing scrutiny in the EU.
Post by playultimate on Jun 17, 2020 7:00:31 GMT -5
Suspect keynote on Monday at WWDC will help maintain prices through the week; much less confident about direction next week. Albeit Jobless Claims and Manufacturing index reports tomorrow will provide some uncertainty.
Being accused of a shakedown is not a good look. Apple selectively applies rules, and you can have an app rejected and be kicked off the app store with no explanation. Been there. Done that. Damn scary. Our iOS app is not even allowed to include a link to our customer support team. We were forced to remove it or be rejected.
Just one example of otherwise positive voices speaking up.
The Macalope / @themacalope: People seem to believe I think Apple can do no wrong. For the record, this is Apple doing wrong.
“3.12 At this point, I must unfortunately critique the journalism of @dieter here. Reader apps are clearly defined in the policy – and that should have been explicitly mentioned in his post. Namely:
"Reader" Apps: Apps may allow a user to access previously purchased content or content subscriptions (specifically: magazines, newspapers, books, audio, music, video, access to professional databases, VoIP, cloud storage, and approved services such as classroom management apps)… (emphasis is mine) 3.13 Dieter goes on to say that it is a guessing game whether or not your app is one thing or another and that this is in and of itself an example of monopolistic behaviour. This is not true. Email services are clearly not in the defined list. 4. So what is my conclusion
4.1 Some of the discord by Basecamp is seemingly manufactured. 4.2 Apple does not seem to be disingenuous in saying that the app was published by mistake 4.3 Apple has no excuse for making this mistake 4.4 The discord however is important. This debate is important. 4.5 I wish that they had done this in a different way. 4.6 I imagine that what may have happened is that Basecamp and Apple could not reach agreeable terms possibly after the app was mistakenly published. The easiest way to rectify that issue is to take it public.”
mercel: It's been a long strange trip - good to see you're still around (and in AAPL -my assumption).
May 10, 2019 12:48:32 GMT -5
Zeke: Long time no see. Nice to see familiar names still here.
Mar 25, 2019 14:42:52 GMT -5
sponge: Regarding the future of VR, I think it will be huge. I was a gamer when I was in college. But as an adult I lost interest. Last fall I flew up to visit my son at college and check out his new Vive set up. After playing with it for the weekend, I was
Apr 29, 2018 15:25:17 GMT -5
galleybob: thanks for your answer. I will copy and send to her
Nov 7, 2017 15:32:18 GMT -5
rickag: So since Jan 28th 2015 AAPL is up from 117.27 to 157.21
Aug 21, 2017 20:09:43 GMT -5
artman1033: VXAPL = 29.21 AAPL = $117.27 AFTER EARNINGS
Jan 28, 2015 14:54:46 GMT -5
artman1033: VXAPL = 44.94 AAPL = $110.39 BEFORE EARNINGS
Jan 27, 2015 11:12:53 GMT -5