Advertising Console

    Top 4 Business Stories of the Day


    by Wochit

    Apple’s shares are up over $40 today driven by its very solid March quarter results and better than expected guidance for the June quarter. Rod Hall of JP Morgan says that "Apple delivered a strong quarter with only slightly weak guidance in spite of what we believe was negative sentiment heading into earnings. Visibility through June allows investors to begin looking forward to the typically strong second half in our opinion and should provide support for the stock from here.” Hall also believes that Apple has the ability to outpace expectations by tapping the $63 billion sub $1,000 laptop market with iAnywhere as well as new products like the iPhone6 and iWatch.
    Today Microsoft will report its fiscal third quarter, calendar first quarter financial results. Analysts are expecting that the company will report $20.39 billion in revenue, and earnings per share of $0.63. Microsoft reported its fiscal third quarter 2013 financial results, including revenue of $20.49 billion, and earnings per share of $0.72. Net income for the quarter was $6.06 billion.
    Gold prices jumped to session highs Thursday as U.S. equity markets and U.S. Treasury yields softened, with traders suggesting continued tensions in Ukraine as the spark for cross-market movement. Gold prices started the session weaker, falling through support at the 100-day moving average around $1,279.80. However, around 9:40 a.m., gold reversed its losses and shot higher. That’s also when stocks reversed and U.S. Treasury yields fell. Daniel Pavilonis, senior commodities broker with RJO Futures, said there’s talk that the bubbling tensions in Ukraine for the reason for the upswing in gold and the drop in equities and Treasurys.
    E-commerce giant has kicked off 2014 on a strong note: a day after announcing a buzzy content licensing deal with HBO, the company reported better-than-expected first quarter earnings results. Amazon reported $19.74 billion in first quarter revenue, a figure that beats the Street consensus of $19.4 billion and is 23% higher than the $16.07 billion reported during the same time in 2013. First quarter net income came in at $108 million, resulting in earnings of 23 cents per share, a penny above what analysts were predicting.