Tag: drops

Apple drops USB power adapters from the higher-end Apple Watch

Apple Watch Hermes

Apple has pulled its power adapters from its latest Watches.


Apple

Finishing the process it began earlier this month, Apple is no longer including a USB power adapter with higher-end Apple Watches, including the Apple Watch with the “handcrafted” leather watchband designed by Hermes. At a Sept. 15 event where it unveiled the Apple Watch Series 6, the company said it would no longer include power adapters with some of its watches.

At the time of the announcement, the pages for the Apple Watches with luxury cases and bands — which can cost over $1,000 — still listed adapters as included in the box.

Those pages now no longer show an included adapter, reported MacRumors. Instead, the pages display a message about the change: “As part of our efforts to reach our

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Apple drops its App Store fee for events forced online by the pandemic

Apple is waiving the customary 30% fee it charges businesses that sell tickets to online events in the company’s App Store for the rest of the year.

Apple suspended the fee to give businesses affected by the coronavirus pandemic more time to adapt to operating almost entirely online, a spokesman told CNBC. App store developers such as Airbnb, the home-rental company, has expressed interest in holding more events online, the Wall Street Journal reported.

Earlier this week, Apple agreed to exempt Facebook events from the 30% fee. This summer, the social media company introduced paid online events as a way for small businesses to make some money. Facebook said it would not be taking a cut of event fees until August 2021. Apple’s suspension of its 30% fee means that sellers of online events will be able to keep all their earnings, minus taxes. 

Apple expanded the fee suspension on

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Tech sell-off again, Dow drops 500, Interactive Brokers raises margin levels

Stocks close near session lows

The market was unable to shake off its losses in the final hour of trading and finished near session lows. The Nasdaq Composite was the worst performer, falling 3%. The Dow notched a loss of 525 points, or 1.9%, while the S&P 500 sank 2.4%. — Jesse Pound

S&P 500 retesting Monday sell-off after bounce in tech and momentum fails

As the market sells off into the close, traders are watching 3,229 on the S&P 500, Monday’s low. If the index breaks that level and closes below it, the next big level technicians are watching is the 200-day moving average at 3,106.

Scott Redler of T3Live.com said the S&P’s big test is how it deals with the Monday low. “If it breaks it and closes below it, the market will likely make a bigger move to the 200-day,” he said.

Tech stocks and momentum names

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Tesla’s value drops $50 billion as Musk’s promised cheaper battery three years away

(Reuters) – Investors slashed $50 billion from Tesla Inc’s market value on Tuesday despite CEO Elon Musk’s promise to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible, but not for at least three years.

Tesla’s market cap dropped $20 billion in just two hours after trading closed Tuesday, as Musk and other Tesla executives presented their new battery and manufacturing strategies. Shares closed down 5.6% and dropped another 6.9% after hours.

“Nothing Musk discussed about batteries is a done deal,” said Roth Capital Partners analyst Craig Irwin. “There was nothing tangible.”

Investors had expected two significant announcements at Musk’s oft-touted “Battery Day”: The development of a “million mile” battery good for 10 years or more, and a specific cost reduction target — expressed in dollars per kilowatt-hour — that would finally drop the price of an electric vehicle below that of a

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Uniswap Token Price Drops 32%, But Value Still Increasing: What’s Happening?

KEY POINTS

  • Uniswap’s governance token UNI has fallen after rallying from $1 to $7.37
  • Uniswap, an automated market maker, is in the business of facilitating token swaps
  • The total value locked at Uniswap now stands at $1.94 billion

Uniswap’s governance token UNI has fallen after rallying from $1 to $7.37 in less than a week following its release to Uniswap users. Currently trading at $4.95, the token is down 32% but business is still booming thanks to the increasing value locked in the Uniswap protocol.

Uniswap is in the business of facilitating token swaps, such as exchanging BTC for ETH or UNI, by drawing upon the pairing provided by other users, Decrypt reports. The team behind the automated market maker has since launched the UNI token which acts as a governance token for the protocol.

Anyone who has used Uniswap before September 1 is eligible to release atleast 400 UNI

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Dow drops over 100 points, tech leads losses, Snowflake drops

Dow loses 130 points

The market trimmed some of its losses in the final hour but still finished in the red across the board. The Dow lost 130 points, or 0.5 %. The S&P 500 and the Nasdaq Composite lost 0.8% and 1.3%, respectively. The small cap Russell 2000 also finished lower. — Jesse Pound

Final hour of trading: Dow plunges more than 300 points amid tech slide

The major averages were down sharply as a sell-off in tech dampened market sentiment. The Dow traded more than 300 points lower, or 1.1%. The S&P 500 slid 1.6% and the Nasdaq Composite dropped 2.1%. —Fred Imbert

Dave & Buster’s plunge is a buying opportunity, Truist says

Shares of Dave & Buster’s fell sharply on Thursday, losing 25% after a Wall Street Journal article warned of reference to a possible bankruptcy in a securities filing. Truist said in a note that

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The 4 Biggest Tech And Gaming Drops Set To Rock The Fall

Despite the generally dire state of the world, the holiday season is still right around the corner, and as such, companies are prepping an avalanche of new tech and gaming launches. The fall season is set to be particularly packed in 2020, thanks to the impending debut of a new video game console generation.

Here’s a look at some of the biggest launches and debuts coming in the next few months.

PlayStation 5 console Sony released this picture on June 11 of its upcoming PlayStation 5 console, without revealing pricing or a launch date. Photo: Sony Interactive Entertainment Inc.

Sony’s follow-up to the toweringly successful PlayStation 4 is still somewhat shrouded in mystery, with no price tag confirmed and no release date more specific than “November.” Still, eager gamers have been given plenty to go on in terms of next-gen specs, with the PS5 sporting optimized SSD storage for non-existent load times, the

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S&P 500 Drops 60 Points on Volatile Day: Oil Stocks Fall Sharply, Apple Leads Tech Stocks Down Again

The S&P 500 Index (SNPINDEX:^SPX) has been doing its best yo-yo impression over the past week. Today’s close was almost 1.8% lower, giving up almost 60 points after gaining 67 points, or 2%, yesterday. It’s the fourth session in the past five market days that the index, which makes up about 80% of total U.S. stock market capitalization, either gained or lost more than 1.75%. 

This marks nearly a week of high volatility that’s mostly been to the downside. Since a record close of 3,580.84 on Sept. 2, the S&P 500 has lost almost 7% of its value. Today’s sell-off, like most of the volatility we have seen this week, was broad, with the vast majority of the 505 stocks in the index finishing lower. Several sectors saw every stock fall on the day, and no sector had more gainers than losers. 

Red and green arrows on blocks.

Image source: Getty Images.

The hardest-hit sectors today

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Dow drops 400 points, tech rally loses steam, oil prices fall

Nasdaq leads market down

The market slump deepened in the final hour of trading as the major indexes fell at least 1% on Thursday. The Nasdaq Composite was the worth performer, falling about 2%. The Dow lost 400 points while the S&P 500 lost 1.8%. The indexes did finish off of their session lows, with the Dow down nearly 500 points at one point. — Jesse Pound

Ray Dalio says the world is underinvested in China

Don’t count Ray Dalio among the There Is No Alternative investing crowd. The billionaire Bridgewater hedge fund manager provided another choice for investors caught up in the TINA mentality that states the U.S. is really the only place to put money these days. “The world’s market allocation in investing is very overweight in the U.S. and very underweight in China,” Dalio said during an Economic Club of New York event Thursday. “I think for

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Stocks end a whipsaw session lower as tech selloff resumes; Nasdaq drops 2%

Stocks traded choppily Thursday and turned sharply negative, as a temporary resurgence in technology shares lost steam. Each of the three major indices sank more than 1.2%.

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The big tech and software stocks pummeled over the past week fell anew, with shares of Apple, Microsoft and Netflix each lower by more than 2.5%. A day earlier, these and other tech stocks led the Nasdaq to its best one-day gain since April. However, the index remained lower by about 5% for September to date.

The short-lived rally Wednesday came in absence of any major catalysts, as investors swooped in to purchase shares following the steep declines of the past several sessions. As of its closing price on Tuesday, the Nasdaq had fallen 10% from its recent record high last week, sending it into correction territory.

“Much like there was no real reason for the drop the past three days,

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