Dow plunges more than 650 points as Apple flashes warning signs
U.S. stocks slid after Apple (AAPL) lowered its outlook for fiscal first quarter 2019 revenue, validating concerns of deteriorating demand for flagship products from one of the country’s largest tech companies and propelling worries of a global growth slowdown. The S&P 500 (^GSPC) fell 2.48%, or 62.14 points, as of market close Thursday. The Dow […]
December jobs report – What to know in markets Friday
It’s the first Friday of the month, which means the Bureau of Labor Statistics will release the final jobs report of 2018 at 8:30 a.m. ET. The December data will be a crucial indicator of the health of the U.S. labor market and will offer a bit of insight into the unemployment rate, job additions, […]
Idaho denies Hydro One
The Idaho Public Utilities Commission has joined Washington state’s regulator in denying the proposed takeover of Avista Corp. by Ontario-based Hydro One Ltd. In a 15-page decision issued Thursday, the Idaho commission ruled that the applicants failed to demonstrate that the transaction met the public interest and no-harm tests set out in the state law […]
Auto sales take tumble
An eight per cent drop in December auto sales solidified last year’s overall decline in light vehicle sales from the record hit a year earlier, said DesRosiers Automotive Consultants Inc. Thursday. The auto consultant said 114,289 vehicles sold in December, compared with 124,247 in the same month last year, for a 10th straight month of […]
800-km detour, ferries down
Eastern Quebec drivers seeking to cross the St. Lawrence River will have to take an 800-kilometre detour until next week after mechanical issues forced the suspension of ferry service. The two ferries linking communities on the north and south shores of St. Lawrence east of Quebec City were out of service as of Thursday, forcing […]
Peak smartphone reached?
Behind Apple’s disconcerting news of weak iPhone sales lies a more sobering truth: The tech industry has hit Peak Smartphone, a tipping point when everyone who can afford one already owns one and no breakthroughs are compelling them to upgrade as frequently as they once did. Some manufacturers have boosted prices to keep up profit. […]