Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
FACEBOOK, GOOGLE: Russian threat? Give me a break
Recently, the Russian officials shared collective grief of the Russian state-backed media companies that Twitter, Facebook, and Youtube censor their content.
Geopolitically, it’s funny, of course: those three media services come from the US, and it makes full sense if certain Russia-backed content would be blocked. Russia and the US have rarely been friends, really. On top of that, there would be no financial danger for Twiter, Facebook, and Alphabet to do that as the Russian audience is hardly a major market for their services.
That’s why, while it may be something for the US diplomats and political strategists to take into account, it can hardly have any effect on the stock price of the corresponding companies. Facebook, for example, is in an uptrend: still a bit subdued, but, no doubt, it will eventually beat $290, then $300 and make a new all-time high. The same applies to Google.
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Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.