Apple’s size can move markets up –- and down
Friday, September 21, 2012 - 15:41 Mario Tama/Getty Images A customer tries out the Apple iPhone 5 inside the Apple Fifth Avenue flagship store on the first morning it went on sale on September 21, 2012 in New York City. Marketplace for Friday, September 21, 2012 Stacey Vanek Smith: How big is Apple? Well, it accounts for about 5 p[ercent of the S&P 500 stock index and more than 10 percent of the Nasdaq Composite Index. There are even predictions iPhone sales could give a lift to the U.S. economy. Alec Young: I don’t think we’ve ever seen one company move the needle the way that Apple does now. Alec Young is a global equity strategist for S&P Capital IQ. He says Apple’s size has been great for markets. Young: The fact that Apple has such a large weighting in the S&P 500 index has been good because Apple’s been doing extremely well, and it’s one reasons the stock market has been doing very well. The S&P 500 is up 16 percent this year. Apple alone is responsible for ...
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The facts behinds the iPhone 5's LTE
Friday, September 21, 2012 - 10:09 Mario Tama/Getty Images A customer tries out the Apple iPhone 5 inside the Apple Fifth Avenue flagship store on the first morning it went on sale on September 21, 2012 in New York City. Today, the release of perhaps the only gadget that can actually move the U.S. economy: the iPhone 5 is in stores, and on its way to two million people with pre-orders. The new iPhone features a bigger screen, longer battery life -- a new Apple Maps product that apparently doesn't work very well yet... And they tell us it's the first iPhone to support something called " 4G LTE ." LTE is supposedly the gateway to faster online data. And it is being trumpeted as one of the phone's main selling points. Jeff Kagan is a tech analyst and columnist with E-Commerce Times. Marketplace Morning Report for Friday, September 21, 2012 Interview by Jeff Horwich Story Type: Interview
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Do Americans want less government?
Thursday, September 20, 2012 - 07:20 Mario Tama/Getty Images Protesters affiliated with Occupy Wall Street march wearing Mitt Romney and Barack Obama masks in the Financial District on September 17, 2012 in New York City. Mitt Romney and President Obama will be crisscrossing the state of Florida today. In recent weeks, one issue is becoming central to the campaign: Whether the government is over-regulating business. How do Americans on either side of the aisle really feel? According to Frank Newport, editor-in-chief at Gallup , Americans generally feel there is too much: 47 percent say there is too much, and 26 percent say there is too little. This feeling has generally stood the test of time. "There's kind of a philosophic concern out there on the part of the average Jane and John Doe that the government's trying to do too much, and should leave more up to business and industry," says Newport. Marketplace Morning Report for Thursday, September 20, 2012 The numbers behind Mitt Romney's 47% ...
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Oil prices hit steep plunge yesterday
Tuesday, September 18, 2012 - 04:40 Mario Tama/Getty Images Oil containers and railroad cars sit in Hurricane Isaac's flood waters on August 31, 2012 in Braithwaite, La. Federal regulators are looking into something strange that happened yesterday in the oil markets: Prices plunged more than $3 a barrel in less than a minute. "We know what happened wasn't due to any major news event," Marketplace's Stephen Beard points out. But it is hard to find alternative reasons for the plunge as well. One theory, he says, is so-called "fat-finger syndrome" -- otherwise known as human error. "Error is a possibility," says Nick McGregor of brokers Redmayne-Bentley, "but it would have to be a very significant error to have seen the volume which we saw in this contract -- nearly double in the course of a couple of hours." Some analysts in the U.S. say it must have been high-frequency trading, adds Beard. Marketplace Morning Report for Tuesday, September 18, 2012 Interview with Stephen Beard Story Type: ...
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Occupy's impact on a business leader and a protester
Monday, September 17, 2012 - 12:50 Mario Tama/Getty Images A protester affiliated with Occupy Wall Street stands outside U.S. Bankruptcy Court on September 17, 2012 in New York City. The Occupy movement celebrated its anniversary today with protests in the financial district of Lower Manhattan, echoing their constant presence in New York's Zuccotti Park and elsewhere last fall. Activists and middle class "99 percenters" who were frustrated with bank bailouts weren't the only people in the mix. Wall Street's other denizens -- bankers, traders and business leaders -- couldn't miss the crowds. "I think the Occupy movement forced the conversation on all of us about what has happened in the country in terms of average incomes not going up," said Kathy Wylde, president and CEO of business leadership group Partnership for NYC . Yet for Occupiers, the message is about more than income inequality. Starting a conversation about the income gap wasn't Occupy's intention, according to activist J.A. Myerson ...
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