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Loop Downgrade Apple As iPhone Rebound Shipment Hopes Slide
Loop Downgrade Apple As iPhone Rebound Shipment Hopes Slide
Apple shares are down about 1% in premarket trading in New York on renewed concerns about iPhone demand.
Loop Capital technology analyst Ananda Baruah downgraded Apple from "Buy" to "Hold," citing slumping expectations that the company will recover lost iPhone shipments next year and warning that skyrocketing memory chip costs could further squeeze profit margins.
Baruah lowered his 12-month price target to $330 from $370, nearly in line with Bloomberg-tracked analyst forecasts of around $334. The new target implies roughly 4% downside from the...
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Aug 28, 2026 / Tyler Durden
Watch Live: Fed Chair Warsh Delivers Keynote Address At Jackson Hole
Watch Live: Fed Chair Warsh Delivers Keynote Address At Jackson Hole
Nothingburger or market upheaval?
Fed Chair Kevin Warsh will deliver his first keynote address at the Kansas City Fed’s Jackson Hole Economic Policy Symposium this morning.
As we highlighted in our extensive preview, Warsh noted at the July FOMC meeting that his remarks could go in one of two directions: a “big-picture speech” or a “more traditional set up for all the action we’re going to have between September and December.”
How much will Kevin Warsh say in Jackson Hole today? That's the...
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Sep 15, 2026 / Tyler Durden
Manufacturers Set To Move Production Out Of Canada As US Tariffs Hit Hard
Manufacturers Set To Move Production Out Of Canada As US Tariffs Hit Hard
The circumstances of US/Canadian trade should be common knowledge by now, but the details often get mired in the swamp of political rhetoric. When Canadian Prime Minister Mark Carney describes the tariff issue as the US "waging war" on Canada, he knows exactly what he's doing. Carney has turned a simple trade issue over reasonable 10% tariffs into an existential crisis, an invasion, an ethnic cleansing, a last stand against "evil" imperialists.
But getting the Canadian public riled...
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Jul 30, 2026 / Tyler Durden
Feedom Of Navigation
Feedom Of Navigation
By Bas van Geffen, senior market strategist at Rabobank
The Houthis are considering charging fees on vessels sailing through the Bab el-Mandeb Strait. Reuters reported that the plan was discussed with Iran’s leadership, who have offered help to set up an authority to collect the toll.
Besides the potential revenue source, the aim of the Bab el-Mandeb fees would reportedly be to normalize the idea of charging fees on international waters.
But freedom isn’t fees. President Trump has repeatedly rejected the idea of Iran levying a toll in the Strait...
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