Markets News 

Seattle area now home to world’s 2 most valuable companies: Amazon and Microsoft

“Amazon closed up 3.4 percent at $1,629.51 per share, for a market capitalization of $796.78 billion” writes Chris O’brien for venturebeat.com. The latter had become the world’s first trillion-dollar company last summer, only to hit a wall as iPhone sales, particularly in China, fell flat last quarter.Amazon had become the second trillion-dollar company in September. Source: venturebeat.com

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More expensive iPhones push Apple to record profits

“Apple has posted record profits and sales after it convinced shoppers to buy more-expensive versions of the iPhone in the three months to the end of September” writes James Titcomb for telegraph.co.uk. However, shares in the company fell in after-hours trading on Thursday, as it predicted weaker-than-expected sales in its crucial holiday quarter, and sold fewer iPhones overall than investors had hoped for.Shares fell by as much as 5pc following the results, a decline that leaves Apple teetering on the edge of its status as the world’s only trillion-dollar public…

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The trillion-dollar ETF boom triggered by the financial crisis just keeps getting bigger

“Indeed, one of the biggest stories to come out of the crisis is the rise in exchange-traded funds” writes Nicholas Pfosi for cnbc.com. In 2008, U.S. investors had $531 billion in ETFs; that’s jumped to more than $3.4 trillion today, according to Statistica.It was a decade ago that Lehman Brothers collapsed, sending markets into tailspin and causing investors to wonder if their portfolios would ever recover. Source: cnbc.com

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Amazon becomes nation’s second public trillion-dollar company

“Amazon touched a market value of $1 trillion Tuesday, becoming just the second publicly traded company to reach the milestone” writes Rachel Lerman for seattletimes.com. It was a temporary milestone, as Amazon shares hit $2,049.50 Tuesday morning and then fell back.Apple became the first trillion-dollar company early last month.Later on Tuesday, Amazon’s market value dipped below the trillion-dollar mark again. Source: seattletimes.com

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Markets News Stocks 

Traders bet Amazon could hit a $1 trillion market cap next week

“As Amazon scores fresh all-time highs and is now just inches away from a $1 trillion market cap, some traders are betting the retail giant could hit the milestone as soon as next week” writes unknown author for cnbc.com. According to Dan Nathan, co-founder and editor of RiskReversal.com, options traders are betting the retailer could reach a trillion-dollar value by next Friday.According to Nathan, while market optimism will likely push Amazon to $1 trillion “sooner or later” the options market is only implying a 25 percent chance that it will…

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Another bite of the Apple: Beyond that trillion-dollar valuation

“Worldcom, a huge bundle of hustles, had a market cap of more than $186 billion in 1999 before it collapsed” writes Special To The for seattletimes.com. In other words, what’s good for Apple, Big Tech, or the stock market isn’t necessarily good for America.Last week, Apple became the first American company to top $1 trillion in market valuation.But I’m not impressed by a $1 trillion market cap in an America with poorly paid teachers, crumbling infrastructure and dead-end jobs.No. 2 was General Motors, with 661,000 similar good jobs. Source: seattletimes.com

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Apple’s trillion-dollar market cap invites an airing of grievances

“Some of the criticisms of the company AAPL, +0.29% were of a peevish nature; others were far more penetrating: Apple become first trillion dollar company with start of the art quality control” writes Managing Editor for marketwatch.com. We think you will love it 😉 pic.twitter.com/1hFdbLpere — nixCraft (@nixcraft) August 4, 2018 I wonder how much waste/trash Apple put into the world bc of their proprietary bs. Source: marketwatch.com

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Yowza! Apple becomes a trillion-dollar company

“And this is only the second time a public company has ever been valued in the 13 digits” reports cnet.com. All of that has helped Apple become the most valuable public company in the world.The stock dipped below that level during Thursday’s trading session but closed up 2.9 percent at $207.39, cementing the iPhone maker’s new status as a trillion-dollar company and the first US public company to hit that level.Apple — the biggest public company in the world — had 4,829,926,000 shares outstanding as of July 20, which meant its…

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Apple’s New Trillion-Dollar Valuation Is Fueled by Its Old-Fashioned Ways

“Apple (aapl) is now officially the first trillion-dollar American company, after its stock price ended yesterday at $207.39” writes David Meyer for fortune.com. Perhaps there’s some truth in that, but the fact is that Apple continues to refine its products in ways that customers like, while largely treating those customers with respect.The company’s valuation followed stellar results that were the result not of selling a ton more devices, but of charging more for them. Source: fortune.com

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Apple is world’s first publicly traded company worth $1tn

“A 3 percent climb in share price made Apple the world’s first trillion-dollar publicly-traded company” reports boingboing.net. Apple’s ascent from the brink of bankruptcy to the world’s most valuable public company has been a business tour de force, marked by rapid innovation, a series of smash-hit products and the creation of a sophisticated, globe-spanning supply chain that keeps costs down while producing enormous volumes of cutting-edge devices. The company faces numerous questions about how it can continue to grow. Source: boingboing.net

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