Yahoo Finance Fans line up for the iPhone 7
Wall Street is struggling to end the week on a high note. All three major averages (^GPSC, ^DJI, ^IXIC) are lower in early trading despite further declines in oil prices (CL=F). Investors are getting more economic data to chew on today ahead of the Fed’s rate decision next week.
Stocks to watch
Apple (AAPL) is relatively flat this morning after a 12% jump in the stock the past week. The iPhone 7 officially went on sale today. People from Sydney to Shanghai were waiting at stores to be the first people with the phone. Apple stock is at its highest point since the beginning of the year.
Oracle (ORCL) is down slightly as the company reported earnings and revenue for the quarter ending in August that missed Wall Street expectations. Steep declines in Oracle’s software licensing business undercut strong sales in its cloud-computing unit. Oracle is trying to catch up to Microsoft and Amazon in cloud computing. Shares of Oracle are up 14% this year.
Deutsche Bank (DB) was down 9% before the bell. This comes after word that the US Justice Department wants the German bank to pay $14 billion to settle claims it packaged toxic mortgage securities before the financial crisis. Deutsche Bank said in a statement it doesn’t expect to settle for “anywhere near” $14 billion. Analysts have said the bank may end up paying between $2 billion and $5 billion.
Unilever (UL) is in talks to buy Honest Company, the business co-founded by actress Jessica Alba, according to reports. The Wall Street Journal says Unilever is discussing a deal worth more than $1 billion. Honest sells disposable baby diapers, beauty products and natural cleaning products.
iPhone 7 for sale
Apple’s (AAPL) iPhone 7 is officially in stores today. People in Australia, Germany and Japan had the first opportunity to buy the new phone. However, the enthusiastic crowds were smaller than in previous years. Are the smaller crowds a concern for the company?
Some disagree with Trump’s plan
Donald Trump made many promises regarding his economic vision. The GOP presidential candidate wants lower taxes, expansion of some federal programs and a smaller deficit. However, many economists say what he wants is impossible. Why do they think Trump’s plan is a problem?
Twitter’s NFL broadcast
A majority of fans are happy with the first NFL game broadcasted on Twitter (TWTR). It’s the first time a professional football game was streaming on the social media site. Considering the reviews, how big of a boost is this for Twitter?
