If the last three months are any indication, the U.S. tech sector has shaken off its recession-heightened late-winter doldrums, and could see its fortunes soar in the year’s second half as businesses and consumers open their wallets and the broader economy picks up speed.
Madoff Gets 150 Years; Pipeline Operators to Combine; Jobs Returns to Work at Apple; GM, Toyota Cut Ties on Auto Plant; U.S. Moves Closer to Solar Energy; Oil Rises to More Than $71; China Stops Stockpiling Metal
Documents brought to light by key by congressional investigators hightlight real disagreement between top-level U.S. Federal Reserve officials about how it should address the Bank of America Corp.(NYSE:BAC) acquisition of Merrill Lynch & Co. Inc. are almost certain to fuel the ongoing congressional debate over the central bank’s push to expand its authority over the U.S. financial system.
Fed Holds Funds Rate; Buffett: U.S. May Need More Stimulus; Jobs’ Liver Transplant Confirmed; Fewer Americans Traveling on 4th Despite Lower Gas Prices; Monsanto Profits Drop 14%; SEC Proposes New Rules for Money Market Funds; Recession Yields Fewer Millionaires
Existing Home Sales Rise, But Miss Estimates; Boeing Shares Plummet; Automakers Get $8 Billion for Fuel Efficiency; Sprint CFO Not Concerned About Pre Shortages; Kroger Beats the Street; MySpace Lays Off 300 More; Best Buy Testing Used Game Waters; Madoff’s Lawyer Pleads for Leniency
Shares of Apple Inc. (Nasdaq: AAPL) opened yesterday (Monday) in a tug-of-war after a revelation that the health issues of Chief Executive Officer Steve Jobs are more serious than previously thought and its new iPhone 3GS sold more than one million units in its first three days.
There’s a lot of figures in the news being tossed around about the smartphone market, and while it may be difficult to make sense of it all, one thing is clear: The market is growing at a rapid pace, and will soon take over conventional mobile phones as the device of choice among consumers and corporate users alike.
U.S. stocks slid on Monday as investors questioned the strength of an economic recovery, while energy shares were dragged down by lower oil prices. After a sharp three-month rally, indexes have eased as traders increasingly questioned if stocks are due for a correction.
Palm Inc. (Nasdaq: PALM) can’t seem to catch a break. Just days after its stock hit a 52-week high and its new Pre smartphone sold out in its Saturday debut, Apple Inc. (Nasdaq: AAPL) stole Palm’s thunder by announcing a new iPhone, the iPhone 3G S, and more importantly, cut the price on its existing 8 gigabyte model to $99-half the price of the Pre.
In my column last week, I showed you how to use straddle options to take advantage of market/stock volatility when the direction is uncertain. This week, we hop over the fence to the straddle’s sister strategy – the strangle options play.
