It seems to be comeback time for shamed tech entrepreneurs. After, Kim Dotcom's plans to enter politics and his decision to quit Mega to pursue other projects, it is now the turn of disgraced anti-virus software pioneer John McAfee. McAfee, 67, aims to make the Internet safer for everyone and promises to launch a new cyber-security company to do so.
In US economic news, orders for durable goods - goods expected to last more than three years - rose by 0.1pct in August, in line with expectations. Excluding defence and aircraft, orders rose by 1.5pct, just short on the 1.9pct expected rise. New home sales soared by 7.9pct in August to a 421,000 annual rate, in line with forecasts.
By Greg PeelThe Dow closed down 61 points or 0.4% while the S&P lost 0.3% to 1692 and the Nasdaq dropped 0.
Having learnt its lessons from the botulism scare caused by tainted milk products made by Fonterra, New Zealand is not taking any chances this time and immediately halted the export of another major agricultural product.
Apple Inc's shares may just reach $600, following reports that the company sold 9 million units of new iPhones in three days. The speculations over a deal with China Mobile may also fuel Apple's stock surge along with recommendations from some of the most respected market analysts.
An Apple iOS 7 hoax advertorial had been reportedly destroying iPhones
The Australian share market closed higher on Wednesday, following three sessions of losses and after a mixed night on global share markets. The All Ordinaries Index (XAO) added 40.6pts by close to 5270.1pts, just 7 points lower than the intra-day high.
Apple iPhones are on the high-end of the market, which explains why Android-operated smartphones from Samsung, HTC and LG dominate the smartphone global market.
A spoof advertisement by 4Chan on an alleged iOS 7 update that will make iPhones waterproof has become viral and damaged a lot of Apple phones.
The ASX200 has started in strong fashion in Wednesday ignoring the weakness seen in the US overnight. The initial setup for local trade was less than optimistic after the Dow closed around the worst levels if its session.
Smartphone shipments in the world's biggest market China has been forecast to hit more than 450 million units in 2014, according to research firm IDC. The jack up will be triggered by the government's issuance of 4G licences as well as the foreseen Apple (AAPL) - China Mobile alliance. Will Tim Cook's company finally regain its bruised share in the China market pie?
Apple Inc may have reported a record-breaking iPhone sales weekend for the iPhone 5S and iPhone 5C, but 9 million iPhone units sold don’t necessarily warrant rave reviews for some analysts. For Apple Inc investors, analysts said they should be careful in factoring in Apple’s iPhone opening-weekend sales to future growth expectations. In 2013, Apple has launched two new versions of the iPhone for the first time.
The ongoing 2½-year political disaster in Syria has expanded to include food crisis, affecting children who are now on the verge of malnutrition.
The Australian Dollar is slightly lower amid more signs that the US economic recovery may not be all that strong.
Japan looks east instead of south.
In US economic news, consumer confidence fell from 81.8 to 79.7 in September, short of forecasts for a result near 79.9. The Case Shiller home price index rose 0.6pct in July to be up 12.4pct on a year ago. The FHFA home price index rose 1.0pct in July and8.8pct over the year and the Richmond Fed composite index eased from +14 to zero in September. The Redbook chain store sales index also was 3.6pct up over the year, compared with a 3.4pct gainin the previous week.
People wanting to live longer and breathe in fresher, cleaner air may want to get out from mega cities in China, India, Indonesia and Europe and migrate to other regions in the world. A map recently released by NASA has specifically and graphically pinpointed where air pollution is at its deadliest around the globe.
Apple Inc. (NASDAQ:AAPL) is still the coolest brands topping Chanel, Prada and Alexander Mc Queen
Apple had just announced its updates on Apple iMac
By Peter Switzer, Switzer Super ReportWith the Dow Jones index now in record high territory and the All Ordinaries Accumulation Index also at levels never seen before, the key question for many is ? how long does this bull market run for?Let's face it, if we thought it was, say for only one yea...
South Australia is targeting to increase by eight times its iron ore exports through the development of the $5-billion Braemar Bulk Export Project.
By Greg PeelThe Dow closed down 66 points or 0.4% while the S&P lost 0.3% to 1697 and the Nasdaq was flat.
By Chris Weston, IG MarketsThe talking point on the floor today has been firmly around the outperformance of the Australian market, despite a slightly weaker lead from the S&P, a flat day's trade in China and a softer Nikkei.
The Australian share market ended in the red for a third consecutive session on Tuesday, weighed down by mining stocks and ongoing confusion over the US Central Bank's expected tapering policy.
Apple has reportedly refunded the credits on iTunes to customers, who had bought the pass to download the episodes from season 5, of the hit TV show “Breaking Bad.” The decision comes after there was some confusion following AMC’s decision to split the season into two.
There seem to be no respite for troubled Indian drug manufacturers Ranbaxy. Reports say that, after facing U.S. Food and Drug Administration (FDA) action last week for manufacturing lapses, the company, acquired by Japanese drug maker Daiichi Sankyo in 2008, now faces regulators agencies in Australia and Europe who are also assessing if drugs manufactured and exported by the Indian firm to their regions are affected.
Apple iOS 7 release paves way to a new craze – the Japan Porn Craze
The Federal Reserve's surprising decision to keep QE going at its current rate is still front page news. While the US fiddles with monetary policy to meddle with house prices, the Australian government is set to interfere with banks in order to manipulate mortgage lending. If you've been reading the Daily Reckoning for a while, you know we are sceptical that government action like this produces the intended outcome.
The Australian share market is in the red for a third consecutive session, after US stocks closed lower and most commodity prices were sold down.
Authorities in China arrested a 16-year-old youth to strike a message and elicit fear to those who commit online rumour mongering. But the outcry of the public, manifested also through online furor, wilted the officials' convictions enough for them to release the youth they had alleged as troublemaker. Epic fail.
