NEW YORK: Has the "curse of the Dow" finally caught up with Apple? Shares of the iPhone maker have been in a rut since posting disappointing quarterly results in late June, falling to a six-month low of $113.25 on Tuesday. The recent declines have wiped out nearly $100 billion of Apple's market value - about as much as fellow Dow components Boeing and McDonald's are worth in total. For CEO Tim Cook, it means his stake of more than 111 million shares is now worth about $12.76 billion, compared with nearly $15 billion at the peak in late April.
Today's guest feature is a short overview of payday loans and the upcoming financial overhoaul. Not as big a part of the economy as investment banking, the loans are what a growing number of Americans have to turn to patch their budgets.
As you scrolled past the various Turkey Trot selfies and declarations of gratefulness on Facebook this week, did you notice the ads? If so, what'd you think of them? Facebook envisions a day where you'd miss them if they were gone.
Odds are very, very good that you’ve been part of a scientific research experiment in the past few years. Probably more than 70% likely if you’re on the internet at all, and approaching 100% if you’re under 30. Why? Because those are the percentages of Americans who use Facebook… which is constantly conducting some of the largest-scale behavioral research ever done.
Everyone knows that starting companies--and investing in startups--is a risky way to earn a living. But few people appreciate just how risky it is. Thanks to a recent tweet from Paul Graham, the founder of "startup school" Y Combinator, we now have a better idea.
The dumb money always gets suckered into the market at the wrong time.
You don’t have to dig up your old history books to find the proof, either. Just look back a few months to December. Your average investor took his money and ran as far from stocks as possible because he was worried the fiscal cliff would tear the markets apart.