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![Here’s why stock-market investors are fixating on the threat of a trade war]()
Here’s why stock-market investors are fixating on the threat of a trade war
- Stock market struggles to recover as investors wrestle with China-U.S. trade tensions
- Stop saying the Dow is moving in and out of correction! That is not how stock-market moves work
- Nasdaq fights to hold above a trend line as the stock market takes a hit in afternoon trade
- Dow briefly breaks below February low in bearish sign
- There’s one topic Trump just doesn’t tweet about anymore
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Need to Know
![This is why most people want to delete Facebook — it has nothing to do with privacy]()
Apple shares rise after analyst cites 'favorable' iPhone mix shift for March quarter
Shares of Apple Inc. are up 0.5% in Friday trading, reversing earlier declines, after BTIG analyst Walter Piecyk wrote of "early indications of favorable iPhone product mix" for the March quarter. Piecyk cites data from Wave7, a wireless research firm, that say Apple picked up market share in the March period, with most of its gains coming from Samsung Electronics Co. . The data also show that more customers are opting for the iPhone X and 8 Plus, Apple's two most expensive models, with the mix of older iPhones falling. Still, he argued that handset sales volumes in the United States are likely to remain sluggish in the first calendar quarter of the year as the operators' competitive dynamics are still tame." Apple shares are up 20% over the past 12 months, while the Dow Jones Industrial Average has gained 17%.
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Personal finance
![These colleges give you the best value for your money]()
These colleges give you the best value for your money
This ranking is based on tuition, living costs and graduates’ starting salaries.
![Filing your tax returns online? Watch out for these surprises that bump up your fees]()
Filing your tax returns online? Watch out for these surprises that bump up your fees
Make sure you know what you’re paying for before filing.
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Inside Marketwatch
Nike swings to loss, but sales beat expectations; shares rise
Shares of Nike Inc. rose more than 2% late Thursday after the company swung to a surprise loss in the fiscal third quarter thanks to the U.S. tax overhaul, but its sales beat Wall Street expectations. Nike said it lost $921 million, or 57 cents a share, in the quarter, versus earnings of $1.1 billion, or 68 cents a share, in the year-ago quarter. Revenue increased 7% to $9 billion, compared with $8.4 billion a year ago. Analysts polled by FactSet had expected earnings of 53 cents a share on sales of $8.8 billion. The tax overhaul resulted in one-time provisional charges that reduced earnings per share by $1.25, Nike said.
DNC hacker Guccifer 2.0 linked to Russian military intelligence: report
The hacker who took credit for providing WikiLeaks with hacked emails from the Democratic National Committee in 2016 has been linked to Russian military intelligence, according to a report by The Daily Beast late Thursday. The hacker, known as Guccifer 2.0, had claimed to be a Romanian "hacktivist," and hid his true location by using a VPN service. But the Daily Beast reported that cybersecurity experts traced one logon in which he apparently neglected to use VPN to a building in Moscow that is the headquarters of the GRU, Russia's military intelligence agency. That could have wide implications for special counsel Robert Mueller's probe into Russian meddling and possible collusion with the Trump campaign. Trump campaign adviser Roger Stone has admitted contacts with Guccifer 2.0 in 2016. Mueller has taken over the Guccifer 2.0 investigation from the FBI, the Daily Beast said.
Billionaire entrepreneur H. Wayne Huizenga dies at 80: reports
H. Wayne Huizenga, the billionaire South Florida businessman who once owned several Florida-based professional sports teams and founded a trio of well-known companies, has died at the age of 80, according to several reports. Huizenga is credited with founding Blockbuster LLC, the now-defunct, video-rental chain, as well as Waste Management and AutoNation Inc. . Huizenga also was, at one point, owner of the Miami Dolphins and Florida Marlins (now Miami Marlins). His net worth was $2.8 billion, according to Forbes.
