Latest news with #Apple
Yahoo
an hour ago
- Business
- Yahoo
What Tariffs? Nasdaq, S&P 500 Climb to Record Highs as Netflix, Disney Continue Huge Runs
The Great Tariff Panic of 2025 that gripped Wall Street in April? It appears in the rearview mirror now, with the S&P 500 and Nasdaq closing at new all-time highs on Friday. A number of prominent media and tech companies have been riding the wave to fresh highs as well, with Netflix increasing 1.26% and closing at a company-record $1,323.12 per share on Friday — a day after setting its previous high mark. The streaming heavyweight's stock price is up 54% since early April. Disney, Warner Bros. Discovery, Fox Corp. and Paramount all made minor gains on Friday, continuing recent climbs that started following Wall Street's April downturn. WBD and Disney's shares are up about 50% since early April, while Fox Corp. and Paramount have both made roughly 20% gains since then. The S&P 500 jumped 0.52% and closed Friday at 6,173, surpassing its previous all-time high of 6,144, which was set in February; the tech-heavy Nasdaq, meanwhile, posted an identical percentage increase and closed at 20,273, topping its record high that was set last December. Amazon and Alphabet, Google's parent company, each gained more than 2% on Friday, while Apple closed slightly higher. Apple has mostly rebounded to where it was before President Donald Trump announced his 'Liberation Day' tariffs in early April — a plan that initially rocked Wall Street and shaved more than $500 billion from Apple's market cap in the days following his announcement. 'We're going to have a booming stock market for a long time, because we're reinvesting in the United States of America,' Trump said on April 4. That was not the case, at least at first, when the S&P 500 and Nasdaq took its biggest hits since COVID smacked the markets in 2020. The S&P 500 is now up more than 20% and the Nasdaq has surged 32% since the day after Trump's tariff plan was announced. On Friday, Trump addressed the upcoming July 9 deadline on the pause he put on his stiffest tariffs, during a press conference in which he lauded the Supreme Court for limiting nationwide injunctions against executive orders. The president said he was not too concerned about the deadline when asked about it by one reporter. 'No, we can do whatever we want,' Trump said. 'We could extend it. We could make it shorter.' The post What Tariffs? Nasdaq, S&P 500 Climb to Record Highs as Netflix, Disney Continue Huge Runs appeared first on TheWrap. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
2 hours ago
- Business
- CNBC
Jim Cramer is not giving up on Apple. Here's why
CNBC's Jim Cramer on Friday told investors that he's still pulling for Apple, even as its stock lags behind the averages. "If Apple can shake off its current shroud of negativity — maybe they make nice with President Trump somehow — I could justify paying 35 times earnings for the stock," he said. "Which is why I'm simply not ready to give up on this one." Cramer said he understands the current lack of enthusiasm for the iPhone maker. President Donald Trump is slapping steep tariffs on China, where Apple does the majority of its manufacturing. Trump has also said the company would have to pay a tariff of 25% or more if it were to make smartphones anywhere outside the U.S. — thwarting Apple's plans to dodge the new regulations by moving manufacturing to India. Some analysts have said domestic manufacturing would raise the cost of an iPhone by at least 25%, with one estimating a U.S. iPhone could sell at $3,500. Apple's recent Worldwide Developers Conference didn't "yield anything groundbreaking," Cramer continued, especially related to artificial intelligence. The tech titan also gave "tepid" guidance when it reported earnings last month, he added, and some on Wall Street are concerned as litigation regarding the App Store continues. However, Cramer said he's willing to stick with the company despite this uncertainty. He said he has faith in CEO Tim Cook, adding that tough times for Apple in the past have always proven to be great buying opportunities in hindsight. He reviewed the stock's performance over the past several years, noting that it has rallied hard after hitting bottoms. Cramer also said it's important to avoid looking at Apple's price-to-earnings multiple in a vacuum, saying investors should factor in its earnings growth rate. Money managers will pay up for growth, he continued, and he said Apple is expected to put up 14% earnings growth in the current calendar year. Meanwhile, he added, the S&P 500 as a whole is set to grow at a 9.4% clip. "There's clearly a point where Apple's stock becomes too cheap to ignore, and recent history says that's around 25 times earnings…that means down about 20 points from here," Cramer said. "I certainly don't want to see it revisit that level….but if for some reason the stock gets clobbered, you know what, let's back up the truck at $180." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club Charitable Trust holds shares of Apple.
News.com.au
2 hours ago
- Business
- News.com.au
EOFY 2025 Australia: Best iPhone 16 deals
With the end of the financial year closing in on us, there's only a short amount of time left to snap up those EOFY savings. Fortunately, retailers like Amazon and The Good Guys have dropped some huge deals - and if you're a tech lover or looking to upgrade your smartphone, you're in luck. The iPhone 16 range is currently discounted with savings of up to $271 up for grabs. Released in September 2024, the iPhone 16 is Apple's most advanced model yet and has been a hit with Apple fans. One Amazon customer loved the 'sleek, high-performance smartphone that embodies the best of Apple's design and innovation'. TikToker @8aminthemornin raved about the camera system, saying: 'The camera quality on the 16 is INSANE'. These massive savings won't last for long. Read on to find the best deals on the iPhone 16, iPhone 16 Plus, iPhone 16 Pro and iPhone 16 Pro Max. You'll also find great discounts on must-have iPhone 16 accessories from top brands like Otterbox, Anker, CASETiFY and more. In this article: Prices are correct and products are in stock at time of publishing. BEST IPHONE 16 DEALS Best iPhone 16 deals at Amazon $251 off iPhone 16, 256GB, $1348 (down from $1599) $251 off iPhone 16, 512GB, $1698 (down from $1949) $213 off iPhone 16 Plus, 128GB, $1386 (down from $1599) $213 off iPhone 16 Plus, 256GB, $1586 (down from $1799) $213 off iPhone 16 Plus, 512GB, $1936 (down from $2149) $271 off iPhone 16 Pro, 128GB, $1528 (down from $1799) $232 off iPhone 16 Pro, 256GB, $1767 (down from $1999) $214 off iPhone 16 Pro, 512GB, $2135 (down from $2349) $216 off iPhone 16 Pro Max, 256GB, $1933 (down from $2149) $252 off iPhone 16 Pro Max, 512GB, $2247 (down from $2499) See more iPhone deals at Amazon Best iPhone 16 deals at The Good Guys $251 off iPhone 16, 128GB, $1148 (down from $1399) $212 off iPhone 16, 256GB, $1387 (down from $1599) $212 off iPhone 16, 512GB, $1737 (down from $1949) $213 off iPhone 16 Plus, 128GB, $1386 (down from $1599) $213 off iPhone 16 Plus, 256GB, $1586 (down from $1799) $213 off iPhone 16 Plus, 512GB, $1936 (down from $2149) BEST IPHONE 16 ACCESSORY DEALS Best Amazon iPhone 16 case deals Best Burga iPhone 16 deals Best Otterbox iPhone 16 case deals Best MAISON de SABRÉ iPhone 16 case deals Best iPhone 16 screen protector deals Best Amazon iPhone 16 charger deals Best Anker iPhone 16 charger deals Best iPhone 16 car charger deals Best iPhone 16 car phone mount deals More iPhone 16 accessory deals At first glance, the iPhone 16 may look similar to the iPhone 15, as they share a 6.1' OLED display and dual 48MP + 12MP cameras. FREQUENTLY ASKED QUESTIONS WHAT ARE THE EOFY SALES? The End Of Financial Year sales is an annual shopping event where retailers and brands discount their overstocked inventory to boost their sales profits and revenue before June 30. It is the perfect time for savvy shoppers to snap up a bargain or capitalise on some tax deductible items at a discounted price. Throughout the month on June, you'll be able to score huge savings on tech, beauty, fashion, home appliances, furniture and cars. The majority of deals will finish at midnight June 30, however some brands end their sales period early. WHAT TECH BRANDS ARE TAKING PART IN THE EOFY SALES? All the major tech brands are taking part in the EOFY sales. Apple has seen discounts on their biggest tech releases – from iPhones and iPads to Macbooks and Apple Pencils. Samsung is also offering some major deals on their huge selection of smartphones, smart watches, TVs, computers, tablets, and whitegoods. And if you're not fussy on your tech brands, Amazon, The Good Guys, Harvey Norman and eBay are offering some huge deals across the board on must-have tech gadgets. WHEN DO THE EOFY SALES END? Most of the EOFY deals and sales will end at midnight on June 30, 2025. However, some deals and discounts will end early, so if you see a great deal, it is best to snap it up as soon as you can so you don't miss out on a bargain. Looking for more great deals and huge savings? Sign up to our to be the first to find out about the latest sales, product releases and reviews.
Business Wire
2 hours ago
- Business
- Business Wire
NASDAQ: AAPL: Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Class Action Lawsuit Against Apple Inc. (AAPL)
RADNOR, Pa.--(BUSINESS WIRE)--The law firm of Kessler Topaz Meltzer & Check, LLP ( informs investors that a securities class action lawsuit has been filed against Apple Inc. ('Apple') (NASDAQ: AAPL) on behalf of those who purchased or otherwise acquired Apple securities between June 10, 2024, and June 9, 2025, inclusive (the 'Class Period'). The lead plaintiff deadline is August 19, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at . DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose that: (1) Apple misstated the time it would take to integrate the advanced AI-based Siri features into its devices; (2) accordingly, it was highly unlikely that these features would be available for the iPhone 16; (3) the lack of such advanced AI-based features would hurt iPhone 16 sales; (4) as a result, Apple's business and/or financial prospects were overstated; and (5) as a result of the foregoing, the company's public statements were materially false and misleading at all relevant times. THE LEAD PLAINTIFF PROCESS: Apple investors may, no later than August 19, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Apple investors who have suffered significant losses to contact the firm directly to acquire more information. ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
CNBC
3 hours ago
- Business
- CNBC
We're still in very early stages of AI, says Deepwater's Gene Munster on tech resurgence
Gene Munster, Deepwater Asset Management, joins 'Closing Bell Overtime' to talk what's ahead for Apple and how to play the tech resurgence.
