Apple

iPhone Launch May Be Delayed To November: Digitimes

Apple stock is lower in the premarket, bucking the overall futures trend, following a report from Digitimes according to which Apple may delay the launch of its next-generation iPhone to October or even November, instead of September as usual, citing a Chinese-language Economic Daily News (EDN) report.

Frontrunning: April 5

  • No big bets ahead of Trump-Xi meeting; oil, metal prices firm (Reuters)
  • Senate on the Brink of ‘Nuclear Option’ in Gorsuch Vote (WSJ)
  • Le Pen Ambushed on Euro in French Debate (BBG)
  • Trump touts coal but utilities aren't listening (Reuters)
  • Trump Officials Alarmed China May Bid for Westinghouse Unit (BBG)

Frontrunning: April 4

  • Europe stocks rise but bond yield falls show investor caution (Reuters)
  • Danger of Sell-Off in U.S. Stocks Grows as Auto Sales Disappoint (BBG)
  • Battle Over Gorsuch Confirmation Is Set to Hit Senate Floor (WSJ)
  • U.S. business seeks action, not trade war, in Xi-Trump summit (Reuters)
  • Uncovering the Secret History of Wall Street’s Largest Oil Trade (BBG)

Imagination Tech Plummets Over 60% After Apple Delivers "Black Swan Moment"

What a difference a year makes: not that long after Apple was considering the acquisition of Imagination Technologies, overnight the shares of the UK-based chip designer imploded, crashing as much as 69% after the company announced Apple - its largest customer which accounts for half of its revenue - will stop using its intellectual property in new products.

"A Lot Of News Over The Last 72 Hours But None Having A Dramatic Effect On Trading"

Markets seem more concerned about missing the upside associated w/a final tax deal than they are about being caught long on a tax disappointment, thus for the time being headlines such as “Trump and Ryan discuss taxes” or “tax plan makes progress in Washington” will help to buoy stocks more than “Trump has neither a clear WH tax plan nor adequate staff yet to see through a planned tax reform” will hurt them.

Global Stocks, US Futures Rise On First Day Of Q2 As Trump-Xi Meeting Looms

After the best quarter for US stocks since 2015, global equities have started off Q2 on the right foot, despite caution about the upcoming meeting between President Trump and China's Xi Jinping later this week, and Fed Minutes which are expected to be more hawkish than the FOMC statement.

Apple Censors US-Drone-Strike-Tracking App

"excessively objectionable or crude content..."

“Smartphones have connected us more intimately to all sorts of data... Yet information about drone strikes - in Apple’s universe - had somehow been deemed beyond the pale."