Business News Weekly ─ December 16, 2019
Apple’s new buds sing an old tune. Even at $249 for flying off the shelves. The wearables have the biggest growth rate within Apple, and will reach $9.8 billion for the first fiscal quarter ending in December.
Statistics from an article in the Wall Street Journal. Foreign-born share of population as New York at 36.8% with US has 13.7%. For the record London also has 36.7% with UK a 14.37. So you see, New York City and London attracted the largest percentage.
From an article in Bloomberg Magazine, “Amazon’s about-face on hardware.” In a major reversal, the company is selling hybrid cloud systems including server racks.
“Is this the green phones moment” ─ from an article in Bloomberg Magazine. The company, Fairphone. Their phone has fewer conflict minerals inside. Better still you can fix it and take it apart for upgrades. It only sold on 175,000 since 2013. where other manufacturers have sold 1.6 billion just in last year.
Five cities have the employees in high tech jobs. They are Boston, San Diego, San Francisco, Seattle and San Jose. They have accounted for 90% of tech jobs.
Saudi Arabia’s Aramco finally went public. This is the biggest initial public offering and it did reach the level set by the Saudi exchange.
“Video streaming is expected to fuel ad spending for years” ─ from an article in the Wall Street Journal.
Peloton thrown by TV ad backlash. Can you imagine a TV ad dropped the stock 15%? The man gives his wife a Peloton bike. The ad was considered sexist because she already appeared fit. Come on!
“Homebuilder confidence jumps to highest level in 20 years” ─ from CNBC. Builder confidence in the newly built, single-family home market jumped 5 points in December to 76, the highest reading since June 1999, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Anything above 50 is considered positive.
November’s reading was also revised higher by 1 point. The index stood at 56 last December. At the worst of the housing crash, in 2009, builder sentiment hit a low of just 8.