Apple Annihilates Estimates, Earnings Up 95%
A new iPad and surging demand for Macs drives surge in profit.
Brian Caulfield, Forbes StaffA new iPad and surging demand for Macs drives surge in profit.
Brian Caulfield, Forbes StaffMy gold gurus weighed in this morning with the compelling notion that gold hit $1500 and silver $43 not only because the dollar is losing its grasp as the global reserve currency-- but because the budget battle may not end in radical austerity after all. read »
A failed bank and a tarnished CEO are trekking forward on the road to recovery more quickly than some on Wall Street may have expected. read »
Investors and traders in China’s main financial district are talking about the following before the start of trade today: read »
Phoenix New Media, a spinoff of Chinese-language media company Phoenix Satellite TV, has filed for a New York Stock Exchange IPO that reportedly would raise up to $200 million. read »
The first quarter of 2011 has seen piracy-at-sea hit an all time high with 142 attacks worldwide and 97 of the East coast of Somalia, up from 35 a year ago, a report by the IMB Piracy Reporting Center says. As ransom-payouts increase exponentially, more sophisticated piracy syndicates are even selling shares in planned attacks to villagers in order to finance their operations, according to the head of the U.S. Navy. read »
The holiday shortened sixteenth trading week of the year comes to a close as investors fret about about lackluster economic data, though drive stocks higher on optimism and good earnings. read »
Shares of Apple received a boost today at UBS after announcing yet another quarter of blockbuster earnings. Estimates were upped through 2012, as iPhone sales will continue to drive growth. The brokerage has a buy rating on the stock, with a $495 price target. read »
Knight Transportation had its price target lowered by Citigroup to $21 from $23 following a disappointing first-quarter earnings report. Citi, however, maintained its buy rating on the stock. read »
Shares in Sallie Mae headed up a surprising 12% today, hitting a high point after its $3 per share bottom in early 2009. The stock moved up to $16.31 Thursday. This was after an upbeat mix of improved earnings for its first quarter and the first dividend the company has announced since 2007 were reported. read »