A report from Japan’s Nikkei Asian Review of a 10% production cut by Apple for its iPhone has sent Apple and stocks across the entire Apple-ecosystem lower today, December 30.
On a day that has been dominated by geopolitical news–the Obama administration has imposed sanctions in response to Russian cyberattacks during the November election–light volume in the financial markets today make drawing any conclusion from today’s action extremely risky
Very preliminary evidence: Fall in existing home sales shows higher interest rates slowing U.S. economy
Contracts to purchase previously owned U.S. homes fell in November, unexpectedly, according to the National Association of Realtors in Washington. Pending home sales declined by 2.5% after a 0.1% increase in October. This may seem out of step with news that purchases of new U.S. homes rose in November to the second-fastest pace in almost nine years, but it’s not