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.
Facebook is a big fan of moving fast, which is why it's probably no surprise that it gave the 40 developers who first signed on to make apps for Facebook Messenger only two months to get them ready before today's big F8 event.
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.
Paragon, the buy-to-let specialist lender, has estimated just over 29,000 landlords entered the buy-to-let market for the first time last year, 19 per cent more than in 2011 and 80 per cent more than in 2010. The figures are based on a survey of brokers and data from the Council of Mortgage Lenders, the trade body. Landlords account for more than one in 10 new mortgages.
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.