Roku shares drop 12% after Apple introduces subscription TV service at surprisingly low price

The economic numbers are continuing to defy the recession hypeThe labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations. Economyread more


The economic numbers are continuing to defy the recession hypeThe labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations. Economyread more
Roku shares drop 12% after Apple introduces subscription TV service at surprisingly low price Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: ari levy
Keywords: news, cnbc, companies, surprisingly, subscription, recession, numbers, price, market, roku, shares, low, patter, labor, introduces, hypethe, fact, expectationseconomyread, look, drop, surface, service


Roku shares drop 12% after Apple introduces subscription TV service at surprisingly low price

The economic numbers are continuing to defy the recession hype

The labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations.

Economy

read more


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: ari levy
Keywords: news, cnbc, companies, surprisingly, subscription, recession, numbers, price, market, roku, shares, low, patter, labor, introduces, hypethe, fact, expectationseconomyread, look, drop, surface, service


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The most important feature of the new iPhone 11 is its price

The new iPhone 11 models feature faster chips, better cameras, and longer-lasting batteries than the 2018 models — solid improvements, but not a revolution. Two years after Apple broke new high-end ground with its first $1000 iPhone, Apple reduced the price of its least expensive current-year iPhone. When the iPhone 11 goes on sale for $699, it will be $50 less than the phone it’s replacing, the iPhone XR. The iPhone price decrease gives Apple a new way to get new customers into its system of co


The new iPhone 11 models feature faster chips, better cameras, and longer-lasting batteries than the 2018 models — solid improvements, but not a revolution. Two years after Apple broke new high-end ground with its first $1000 iPhone, Apple reduced the price of its least expensive current-year iPhone. When the iPhone 11 goes on sale for $699, it will be $50 less than the phone it’s replacing, the iPhone XR. The iPhone price decrease gives Apple a new way to get new customers into its system of co
The most important feature of the new iPhone 11 is its price Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: kif leswing
Keywords: news, cnbc, companies, feature, way, apple, apples, watch, important, models, iphone, unit, price


The most important feature of the new iPhone 11 is its price

Apple’s iPhone launch on Tuesday didn’t shock anyone. The company launched new iPhones a few months ahead of the critical holiday season, as it has done every fall since 2011. The new iPhone 11 models feature faster chips, better cameras, and longer-lasting batteries than the 2018 models — solid improvements, but not a revolution. The most important announcement Apple made on Tuesday was about price. Two years after Apple broke new high-end ground with its first $1000 iPhone, Apple reduced the price of its least expensive current-year iPhone. When the iPhone 11 goes on sale for $699, it will be $50 less than the phone it’s replacing, the iPhone XR.

The iPhone price decrease gives Apple a new way to get new customers into its system of connected products. It’s a move that makes sense as iPhone unit sales peaked in 2015 and haven’t fully recovered. (Apple doesn’t even report iPhone unit sales anymore.) The online services Apple launched on Tuesday were also lower in price than expected, and give Apple a way to entice new customers with content that’s more expensive or impossible to get elsewhere.

Not everyone needs all the bells and whistles

$699 for the iPhone 11 is a significant price drop, especially after Apple raised the price of its second-best new phone from $699 for the iPhone 8 in 2017 to $749 for the XR last year. Apple’s high-end phones, the “Pro” models, still start at $999 and $1099. The new iPhone 11 has a better camera than last year, and a faster processor, but most people will never notice the difference. Smartphone cameras have been very good for a few years and while some apps need a lot of processing power, some of the most common apps, like Facebook, or Snapchat, or Uber, don’t.

Apple also dropped the price of last year’s iPhone XR to $599, showing how price drops can trickle down the lineup as Apple likes to keep older phones around as low-cost models. That’s exactly what it’s doing with its Watch hardware, too. Apple’s newest watch, the Series 5, sports a screen you don’t have to turn on to check the time, the more important announcement might be that that Apple is now selling the 2-year-old Series 3 for $199 — much closer to an impulse buy than the $399 or $499 for the new models. “While it doesn’t have all the bells and whistles as Watch 5, it will attract many first-time buyers,” Moor Insights analyst Patrick Moorhead said in a DM.

Services surprise on price


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: kif leswing
Keywords: news, cnbc, companies, feature, way, apple, apples, watch, important, models, iphone, unit, price


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Pharma stocks fall as draft of House Democratic drug price plan surfaces on Capitol Hill

Pharmaceutical stocks fell Tuesday after an early draft of House Speaker Nancy Pelosi’s long-anticipated plan to reduce U.S. drug prices surfaced on Capitol Hill. The Department of Health and Human Services is currently prohibited from negotiating drug prices on behalf of Medicare — the federal government’s health insurance plan for the elderly. Private insurers use pharmacy benefit managers to negotiate drug rebates from pharmaceutical manufacturers in exchange for better coverage. She continue


Pharmaceutical stocks fell Tuesday after an early draft of House Speaker Nancy Pelosi’s long-anticipated plan to reduce U.S. drug prices surfaced on Capitol Hill. The Department of Health and Human Services is currently prohibited from negotiating drug prices on behalf of Medicare — the federal government’s health insurance plan for the elderly. Private insurers use pharmacy benefit managers to negotiate drug rebates from pharmaceutical manufacturers in exchange for better coverage. She continue
Pharma stocks fall as draft of House Democratic drug price plan surfaces on Capitol Hill Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, stocks, pharmaceutical, drug, pharma, prices, house, draft, plan, prescription, fall, surfaces, negotiate, health, medicare, hill, fell, price


Pharma stocks fall as draft of House Democratic drug price plan surfaces on Capitol Hill

Pharmaceutical stocks fell Tuesday after an early draft of House Speaker Nancy Pelosi’s long-anticipated plan to reduce U.S. drug prices surfaced on Capitol Hill.

The main thrust of the plan, which is still in flux, would allow Medicare to negotiate lower prices on the 250 most expensive drugs and apply those discounts to private health plans across the U.S., according to a copy of the document reported by Bloomberg Government. A senior Democratic aide verified the authenticity of the document but cautioned that it wasn’t the most current version and was subject to change.

Shares of drugmakers fell on the news. Eli Lilly was down by about 1% in afternoon trading. Merck and GlaxoSmithKline both fell by more than 2%. Evercore ISI analyst Umer Raffat told clients Tuesday that the proposal showed “some extremely ambitious proposals,” including price negotiations.

The Department of Health and Human Services is currently prohibited from negotiating drug prices on behalf of Medicare — the federal government’s health insurance plan for the elderly. Private insurers use pharmacy benefit managers to negotiate drug rebates from pharmaceutical manufacturers in exchange for better coverage.

Pelosi has been working for months on a plan that would give HHS that power. House Democratic leaders went on a “listening tour” around the party earlier this year to discuss details of Pelosi’s plan, but haven’t yet distributed it across the caucus, a Democratic aide said in an interview. The legislation is expected to be unveiled as soon as this month.

Pelosi spokesman Henry Connelly declined to comment on the draft.

She continues “to engage members across the caucus as the committees of jurisdiction work to develop the boldest, toughest possible bill to lower prescription drug prices for all Americans,” he said in an email.

High prescription drug costs have become a rare bipartisan issue, with lawmakers on both sides of the aisle demanding changes. Democrats are jockeying to prove they can lead reform. President Donald Trump has made lowering prices one of the key issues of his administration, as health care remains a top issue for voters in the 2020 elections.

Americans are increasingly in favor of more federal regulation to bring down high prescription drug prices, including letting the government negotiate directly with drugmakers, according to a survey from the Kaiser Family Foundation. While House Democrats have proposed letting the government negotiate with drugmakers directly, opposition is strong among Republicans who say they want prices negotiated in a free market.

Another plan, from the Senate Finance Committee and backed by Trump, would also make changes to Medicare and include a penalty for pharmaceutical companies that raise drug prices faster than inflation. The plan, which a Republican aide told CNBC that lawmakers see as a “middle ground” approach to drug prices, also received pushback from Republicans who argued the penalty rule was an excessive government intervention.


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, stocks, pharmaceutical, drug, pharma, prices, house, draft, plan, prescription, fall, surfaces, negotiate, health, medicare, hill, fell, price


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OPEC is struggling to prove it can still arrest oil price declines in the age of Trump, RBC’s Croft says

Stefan Wermuth | Bloomberg | Getty ImagesOPEC is under intensifying pressure to show it still has the power to reverse a slide in oil prices, according to RBC Capital Market’s Helima Croft. USSupply restraints and involuntary losses in Iran and Venezuela has seen OPEC’s share of the global oil market sink to its lowest level in years. Meanwhile, the U.S. has more than doubled oil production in the last decade to become the world’s largest oil producer. To be sure, the U.S. shale industry has exp


Stefan Wermuth | Bloomberg | Getty ImagesOPEC is under intensifying pressure to show it still has the power to reverse a slide in oil prices, according to RBC Capital Market’s Helima Croft. USSupply restraints and involuntary losses in Iran and Venezuela has seen OPEC’s share of the global oil market sink to its lowest level in years. Meanwhile, the U.S. has more than doubled oil production in the last decade to become the world’s largest oil producer. To be sure, the U.S. shale industry has exp
OPEC is struggling to prove it can still arrest oil price declines in the age of Trump, RBC’s Croft says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: sam meredith
Keywords: news, cnbc, companies, prove, struggling, opec, crude, markets, declines, market, opecs, arrest, research, croft, prices, trump, rbcs, price, oil, global


OPEC is struggling to prove it can still arrest oil price declines in the age of Trump, RBC's Croft says

Khalid Al-Falih, Saudi Arabia’s energy and industry minister, listens during a news conference following the 176th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Monday, July 1, 2019. Stefan Wermuth | Bloomberg | Getty Images

OPEC is under intensifying pressure to show it still has the power to reverse a slide in oil prices, according to RBC Capital Market’s Helima Croft. The Middle East-dominated producer group has struggled to shore up crude futures this year, amid a deteriorating outlook for global growth and a protracted trade dispute between the U.S. and China. It has once again raised questions about whether OPEC really wields that much influence over world crude markets, particularly at a time when oil traders are constantly on alert for the next tweet from President Donald Trump. “It may prove easier to clean up the physical market than to overcome skepticism about the ultimate efficacy of its strategy in the age of Trump,” Helima Croft, global head of commodity strategy, said in a research note. “OPEC’s burden is to show that it still has the appropriate tools to arrest price declines driven in no small part by White House policy.”

OPEC vs. US

Supply restraints and involuntary losses in Iran and Venezuela has seen OPEC’s share of the global oil market sink to its lowest level in years. Meanwhile, the U.S. has more than doubled oil production in the last decade to become the world’s largest oil producer. To be sure, the U.S. shale industry has expanded at such a rapid rate that it threatens to overwhelm OPEC-led efforts to mitigate demand concerns, swamping the global oil market with supply. Earlier this year, the head of EMEA oil and gas research at J.P. Morgan told CNBC that a gradual fall in oil prices over the coming years could prompt OPEC to reclaim some of its market share from the U.S.

Workers extracting oil from oil wells in the Permian Basin in Midland, Texas on May 1, 2018. Benjamin Lowy | Getty Images

International benchmark Brent crude traded at around $60.77 Thursday morning, up around 0.1%, while U.S. West Texas Intermediate (WTI) stood at $56.27, little changed from the previous session. Brent futures have tumbled more than 20% from a peak reached in April, with WTI down over 17% over the same period. “The fact is that sentiment is gripped by the weak macro environment and demand-side concerns rule the market,” Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note published Wednesday. “Accordingly, Brent will do well to stay anchored around $60 (a barrel) in the coming weeks,” Brennock said.

‘A fresh dose of price angst’

OPEC and allied non-OPEC partners, sometimes referred to as OPEC+, are scheduled to meet in Abu Dhabi next week to review their progress in stabilizing world oil markets. The meeting is likely to provide crucial clues about how far some of OPEC’s most powerful players are willing to go to get prices on a firmer footing. The full coalition will then gather again in Vienna at the end of the year to decide whether any further action is required for 2020. “OPEC will reaffirm its commitment to rebalancing the market and getting prices on a firmer footing,” analysts at RBC Capital Markets said. “Beyond simply continuing to constrain output, we think the challenge for OPEC will be to demonstrate it still has the ability to alter oil’s directional dynamics in a market that is consumed with trade war concerns and is bracing for the next tweet from President Trump.”


Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: sam meredith
Keywords: news, cnbc, companies, prove, struggling, opec, crude, markets, declines, market, opecs, arrest, research, croft, prices, trump, rbcs, price, oil, global


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Nokia flip phones make a comeback with 4G and a $100 price tag

HMD Global, the Finnish company that makes Nokia phones, is bringing back a flip phone that was first introduced a decade ago. The Nokia 2720 Flip is a fresh take on Nokia’s original 2720 Fold, coming with 4G mobile internet and modern apps like Google Assistant, YouTube, Facebook and WhatsApp. Like you could with old flip phones, users can open the new device to take a call and close it to hang up. It’s not the first time HMD, which has the intellectual property rights to make Nokia phones, has


HMD Global, the Finnish company that makes Nokia phones, is bringing back a flip phone that was first introduced a decade ago. The Nokia 2720 Flip is a fresh take on Nokia’s original 2720 Fold, coming with 4G mobile internet and modern apps like Google Assistant, YouTube, Facebook and WhatsApp. Like you could with old flip phones, users can open the new device to take a call and close it to hang up. It’s not the first time HMD, which has the intellectual property rights to make Nokia phones, has
Nokia flip phones make a comeback with 4G and a $100 price tag Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: ryan browne
Keywords: news, cnbc, companies, open, versions, youtube, hmd, price, nokia, 100, tag, whatsappit, comeback, 2720, flip, phone, phones


Nokia flip phones make a comeback with 4G and a $100 price tag

HMD Global, the Finnish company that makes Nokia phones, is bringing back a flip phone that was first introduced a decade ago.

The Nokia 2720 Flip is a fresh take on Nokia’s original 2720 Fold, coming with 4G mobile internet and modern apps like Google Assistant, YouTube, Facebook and WhatsApp.

It has a 1.3-inch screen on the outside that shows the time and a 2.8-inch main display once flipped open. Like you could with old flip phones, users can open the new device to take a call and close it to hang up.

It’s not the first time HMD, which has the intellectual property rights to make Nokia phones, has re-released an oldie from the Nokia lineup. In the last two years the firm has brought out new versions of some of its iconic devices, including the 3310 and the 8110 “banana phone.” HMD said it has sold over 10 million of those phones to date.


Company: cnbc, Activity: cnbc, Date: 2019-09-05  Authors: ryan browne
Keywords: news, cnbc, companies, open, versions, youtube, hmd, price, nokia, 100, tag, whatsappit, comeback, 2720, flip, phone, phones


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You don’t need to spend $1,000 for a phone, so consider these great alternatives

The Galaxy S10e Mack Hogan | CNBCYou don’t need to spend $1,000 or more for a new phone. Samsung Galaxy S10e ($499-$749): Great bang-for-your buck from SamsungThe Samsung Galaxy S10e Todd Haselton | CNBCIf you want a name-brand flagship for a discount price, the Samsung Galaxy S10e is your best bet. Google Pixel 3a/3a XL ($399/$479): For Camera buffs on a budgetGoogle Pixel 3a XL Todd Haselton | CNBCThe Google Pixel 3a XL consistently takes better photos than the iPhone XS but costs under $500.


The Galaxy S10e Mack Hogan | CNBCYou don’t need to spend $1,000 or more for a new phone. Samsung Galaxy S10e ($499-$749): Great bang-for-your buck from SamsungThe Samsung Galaxy S10e Todd Haselton | CNBCIf you want a name-brand flagship for a discount price, the Samsung Galaxy S10e is your best bet. Google Pixel 3a/3a XL ($399/$479): For Camera buffs on a budgetGoogle Pixel 3a XL Todd Haselton | CNBCThe Google Pixel 3a XL consistently takes better photos than the iPhone XS but costs under $500.
You don’t need to spend $1,000 for a phone, so consider these great alternatives Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-31  Authors: mack hogan
Keywords: news, cnbc, companies, great, galaxy, samsung, price, oneplus, s10e, pixel, phones, dont, phone, need, pro, alternatives, spend, 1000, consider


You don't need to spend $1,000 for a phone, so consider these great alternatives

The Galaxy S10e Mack Hogan | CNBC

You don’t need to spend $1,000 or more for a new phone. You can, if you just have to own the latest and greatest, but there are a lot of good phones that cost far less. Phone makers know this. Google recently began selling its Pixel 3a and Pixel 3a XL, Apple sells the iPhone XR and older iPhones, and Samsung has a family of A-Series phones that are more affordable than some of its flagships. I tested a bunch of them and here are some of my favorite phones that cost under $1,000.

OnePlus 7 Pro ($669): Flagship features, without the crazy price

The OnePlus 7 Pro Todd Haselton | CNBC

The OnePlus 7 Pro offers the same Snapdragon 855 processor you’ll find in top-tier Android phones like the Samsung Galaxy Note 10, lots of high-speed memory and a gorgeous (and fast!) display. This hardware makes the OnePlus 7 Pro one of the smoothest smartphones out there. Plus, you get a true edge-to-edge display. To unlock it, you use a fingerprint sensor hidden under the touch screen. There’s no notch or hole punch for the front-facing camera. Instead, a little electric motor pops the camera up when it’s needed and hides it inside when not in use. You give up a few things, though. Despite OnePlus demonstrating that the 7 Pro can take a few dunks, there’s no independently verified water resistance rating. Wireless charging is also not available, though the 7 Pro supports super quick fast charging.

Samsung Galaxy S10e ($499-$749): Great bang-for-your buck from Samsung

The Samsung Galaxy S10e Todd Haselton | CNBC

If you want a name-brand flagship for a discount price, the Samsung Galaxy S10e is your best bet. Now that it’s been out for a few months, it’s frequently discounted from its $749.99 suggested retail price. Unlike a lot of iPhone deals, though, you don’t need to add a new line or buy multiple phones to get a good price. Walmart, for instance, is currently selling the S10e for $499 if you get the pink or white one or $599 if you want blue or black. For that price, you get the latest processor, 128GB of storage, a beautiful top-notch screen and great cameras. Plus, you get full IP68 water resistance and wireless charging. Sure, you may not get an in-display fingerprint reader, it’s on the side of the phone instead, but the S10e is otherwise packed with every feature you’d expect of a flagship phone in 2019.

iPhone 8 ($599): If you need an iPhone

The iPhone 8 Nina Raja | CNBC

For some people, having an iPhone isn’t negotiable. Whether your friends demand blue bubble allegiance or you’re tied to an Apple Watch, sometimes iPhones are the only option. In that case, I recommend the iPhone 8. It still has water resistance, wireless charging, a seriously quick processor and a good camera. The biggest letdown is the display, which looks dated with its large bezels and smaller size. Apple has a good history of supporting older phones with software updates, too. Just know that new iPhones are launching in the coming weeks. When that happens, prices for the old models are bound to fall. So maybe wait for a price drop.

Google Pixel 3a/3a XL ($399/$479): For Camera buffs on a budget

Google Pixel 3a XL Todd Haselton | CNBC

The Google Pixel 3a XL consistently takes better photos than the iPhone XS but costs under $500. Even the triple-camera OnePlus 7 Pro can’t best the Pixel in tricky lighting. With a great portrait mode and an unbeatable “Night Sight” feature for dark scenes, the Pixel 3a is just as capable as its more expensive brother, the Pixel 3. The downside is that, to get to its $399 price point, Google had to trim costs elsewhere. The Pixel 3a ships with a significantly slower midrange processor than the normal Pixel. Apps are noticeably slower to open, photos take a while to process and graphics-intensive games feel choppier. And while it still has good colors and brightness, the screen has big bezels that make the phone look noticeably cheaper. Finally, as with the OnePlus 7 Pro, there’s no official water resistance and the Pixel 3a isn’t able to charge wirelessly. If you prioritize the clean software and amazing camera of the normal Pixel, the Pixel 3a’s the cheapest way to get it.

Samsung Galaxy A50 ($350): Features over speed

The Samsung Galaxy A50 offers a ton of high-end features for its $350 price point. It has a big, vibrant edge-to-edge display just like you’d expect from a Samsung phone. It offers an in-display fingerprint reader for unlocking and two cameras plus a depth sensor for portrait shots. You also get a microSD card slot to add more storage and a headphone jack, something that a lot of flagship phones no longer offer, including Samsung’s new Galaxy Note 10. Finally, a huge battery provides enough juice to go all day. Unsurprisingly, the A50 lacks wireless charging or water resistance. Like the Pixel, it also has a lower-tier processor that doesn’t breeze through day-to-day usage like a flagship phone would. It feels a tick slower than the Pixel 3a and noticeably slower than top-tier phones, but that’s to be expected.


Company: cnbc, Activity: cnbc, Date: 2019-08-31  Authors: mack hogan
Keywords: news, cnbc, companies, great, galaxy, samsung, price, oneplus, s10e, pixel, phones, dont, phone, need, pro, alternatives, spend, 1000, consider


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Bitcoin drops below $10,000 in sudden afternoon swoon

The price of Bitcoin dipped below $10,000 as cryptocurrencies fell sharply on Wednesday afternoon. Fellow cryptocurrency Ethereum also took a similar dive on Wednesday, dropping about 9% during the same time window. Bitcoin is up more than 150% for the year, fueled in part by Facebook’s announcement of Libra, its cryptocurrency project. Ethereum also hit recent highs after Libra was announced, but the price of the digital currency is only up roughly 14% for the year. A senior official for the Ch


The price of Bitcoin dipped below $10,000 as cryptocurrencies fell sharply on Wednesday afternoon. Fellow cryptocurrency Ethereum also took a similar dive on Wednesday, dropping about 9% during the same time window. Bitcoin is up more than 150% for the year, fueled in part by Facebook’s announcement of Libra, its cryptocurrency project. Ethereum also hit recent highs after Libra was announced, but the price of the digital currency is only up roughly 14% for the year. A senior official for the Ch
Bitcoin drops below $10,000 in sudden afternoon swoon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-28  Authors: jesse pound, patti domm
Keywords: news, cnbc, companies, 10000, fell, day, cryptocurrencies, sudden, bitcoin, digital, afternoon, price, ethereum, cryptocurrency, creating, libra, drops, currency, swoon


Bitcoin drops below $10,000 in sudden afternoon swoon

The price of Bitcoin dipped below $10,000 as cryptocurrencies fell sharply on Wednesday afternoon.

Bitcoin fell about $530, or 5%, in a 40-minute span after being mostly flat for the day, according to data from industry site CoinDesk, continuing a volatile year for the world’s most valuable cryptocurrency.

Fellow cryptocurrency Ethereum also took a similar dive on Wednesday, dropping about 9% during the same time window. It is not clear what triggered the sell offs.

Bitcoin was down about 4.3% for the day, while Ethereum slumped 8.3%.

Bitcoin is up more than 150% for the year, fueled in part by Facebook’s announcement of Libra, its cryptocurrency project. Some analysts said Libra was creating more awareness about digital asset classes.

However, Libra has faced heavy scrutiny from politicians and regulators, and Bitcoin is now well below the level of more than $12,600 that it was trading at in July.

Ethereum also hit recent highs after Libra was announced, but the price of the digital currency is only up roughly 14% for the year.

Governments around the world are exploring creating their own cryptocurrencies. A senior official for the Chinese government said earlier this month that the country was close to releasing its own digital currency.


Company: cnbc, Activity: cnbc, Date: 2019-08-28  Authors: jesse pound, patti domm
Keywords: news, cnbc, companies, 10000, fell, day, cryptocurrencies, sudden, bitcoin, digital, afternoon, price, ethereum, cryptocurrency, creating, libra, drops, currency, swoon


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What bubbles are — and what happens when they pop

There have been two well-documented bubbles in the past 20 years: the so-called dot-com bubble of the late 1990s and the U.S. housing bubble in the mid-2000s. Here’s what you need to know about why bubbles form — and why they eventually pop. Bubbles pop when the asset’s price becomes so inflated that its related valuation — or the underlying company’s worth — can no longer be justified. More recently, the U.S. housing bubble in the mid-2000s saw a similar rapid escalation in home prices, followe


There have been two well-documented bubbles in the past 20 years: the so-called dot-com bubble of the late 1990s and the U.S. housing bubble in the mid-2000s. Here’s what you need to know about why bubbles form — and why they eventually pop. Bubbles pop when the asset’s price becomes so inflated that its related valuation — or the underlying company’s worth — can no longer be justified. More recently, the U.S. housing bubble in the mid-2000s saw a similar rapid escalation in home prices, followe
What bubbles are — and what happens when they pop Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-27  Authors: anna-louise jackson, sam becker
Keywords: news, cnbc, companies, asset, valuation, pop, bias, bubbles, happens, prices, investors, value, price, housing, bubble


What bubbles are — and what happens when they pop

In finance, a bubble occurs when the price of an asset skyrockets, often due to investor excitement. That hype can mean people pay more for an asset than may be justified. When prices reach a level that’s far higher than the asset’s valuation, they reverse — popping the bubble. Bubbles can occur in specific stocks, industries, or even entire markets. There have been two well-documented bubbles in the past 20 years: the so-called dot-com bubble of the late 1990s and the U.S. housing bubble in the mid-2000s. More recently, pros have compared Bitcoin to past bubbles. Another bubble contender: marijuana, as an entire industry has cropped up following the drug’s legalization in many states. Here’s what you need to know about why bubbles form — and why they eventually pop.

How to identify a bubble

It can be difficult to distinguish between an emerging trend that will be long-lasting and a short-lived bubble. Two hallmarks of a bubble: a rapid increase in price, and the speculation among a lot of investors that the price will continue to soar higher. In investing, sometimes people are eager to buy an asset simply because everyone else is doing so. This is known as herding bias, and is an example of a cognitive bias, or something people do unconsciously that results in poor decisions. With a bubble, herding bias comes into play as investors jump on the bandwagon of a popular asset, rather than doing the necessary analysis to determine whether it fits their investment criteria. Bubbles pop when the asset’s price becomes so inflated that its related valuation — or the underlying company’s worth — can no longer be justified. That’s because investors often are making speculative bets, and the demand they’re banking on hasn’t yet materialized. As the bubble pops, just as there was an initial rush to buy that asset there can be a panic to sell — causing the price to plummet quickly. Check out the video below, which illustrates how bubbles form.

Famous bubbles

Many Internet-focused companies filed for initial public offerings in the late 1990s and early 2000s, and investor excitement for this burgeoning industry helped fuel a broader rally in the stock market. From early 1997 to mid-2000, the S&P 500 more than doubled in value. But many of the new publicly traded companies of that era didn’t have sustainable business models. One oft-cited example is Pets.com, which liquidated less than one year after going public. Even Amazon was caught up in this crash; by 2002, the company had lost 90% of its value. More recently, the U.S. housing bubble in the mid-2000s saw a similar rapid escalation in home prices, followed by a swift crash. The average price of a U.S. home doubled between 2000 and 2006, before plummeting more than 30% by 2009, according to data from S&P Dow Jones Indices. Housing prices didn’t recover nationally until 2016.

Why bubbles and investing don’t mix


Company: cnbc, Activity: cnbc, Date: 2019-08-27  Authors: anna-louise jackson, sam becker
Keywords: news, cnbc, companies, asset, valuation, pop, bias, bubbles, happens, prices, investors, value, price, housing, bubble


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How to save money when you buy a new iPhone

Apple iPhone XS and iPhone XS Max Andrew Evers | CNBCTo quote Kenny Rogers, “You’ve got to know when to hold’em.” WaitShoppers queue up outside Apple’s store in Regent Street, London, for the new iPhone models. If it still sells this year’s iPhone XS, iPhone XR and iPhone XS Max, those will also come down in price. You won’t find the latest iPhone XS or iPhone XS models, but that’s OK, since Apple keeps its older phones updated on the latest software. If you trade in an iPhone 6s, for example, y


Apple iPhone XS and iPhone XS Max Andrew Evers | CNBCTo quote Kenny Rogers, “You’ve got to know when to hold’em.” WaitShoppers queue up outside Apple’s store in Regent Street, London, for the new iPhone models. If it still sells this year’s iPhone XS, iPhone XR and iPhone XS Max, those will also come down in price. You won’t find the latest iPhone XS or iPhone XS models, but that’s OK, since Apple keeps its older phones updated on the latest software. If you trade in an iPhone 6s, for example, y
How to save money when you buy a new iPhone Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-26  Authors: todd haselton
Keywords: news, cnbc, companies, money, save, xs, refurbished, willing, best, apple, iphone, price, buy, phone, old, models


How to save money when you buy a new iPhone

Apple iPhone XS and iPhone XS Max Andrew Evers | CNBC

To quote Kenny Rogers, “You’ve got to know when to hold’em.” While prices for high-end iPhones have climbed past $1,000, there are many good options that cost less, if you’re willing to hang onto your current device a bit longer. Looking for sales, buying refurbished phones or just showing some patience is what’s required if you want to save some money. Apple is great at providing software and hardware support for phones that are several years old, and most people don’t need every new feature.

Wait

Shoppers queue up outside Apple’s store in Regent Street, London, for the new iPhone models. Arjun Kharpal | CNBC

The best thing you can do right now is to wait to buy a new iPhone. Apple is expected to introduce new models in September, which means it will drop the price of older phones. If you don’t need the latest and greatest, you can save money by buying this year’s model at a discount. Apple, for example, still sells the iPhone 7 and iPhone 8. It might phase out the iPhone 7 and drop the iPhone 8 to its lowest price yet. If it still sells this year’s iPhone XS, iPhone XR and iPhone XS Max, those will also come down in price. The only reason not to wait is if you’re trading one in. But more on that later.

Buy refurbished

The iPhone 8 Plus camera’s portrait mode is fun! Here’s my dog. Nina Raja | CNBC

Consider buying a refurbished iPhone. This is often a phone that’s been turned in for repairs and fixed but isn’t brand new. Apple has an entire section of its site dedicated to refurbished products, and they all still come with a one-year warranty. You won’t find the latest iPhone XS or iPhone XS models, but that’s OK, since Apple keeps its older phones updated on the latest software. A refurbished iPhone X with 256GB of storage costs $899, a big discount from the $1,149 that it cost at the time of launch. Or there’s the iPhone 8, which you can get refurbished for $729 — $120 cheaper than buying it new.

Wait for sales

A man holds the Apple iPhone XS and XS Max during a product demonstration following the Apple launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Stephen Lam | Reuters

Apple doesn’t typically offer sales on iPhones, but other stores do. Best Buy frequently discounts iPhones throughout the year for various sales, including Black Friday. Right now, it’s offering $100 off the iPhone XS Max if you activate your new phone on Sprint, AT&T or Verizon. The retailer has sales on other Apple products that pop up periodically. Earlier this month it had an anniversary sale, and you can probably expect something similar around Labor Day.

Trade in your old phone

BGR.com says the device on the left is an iPhone 8 mockup. It’s on top of an iPhone 7 Plus on the right. Source: Zach Epstein, BGR

If you own your phone outright — that is, you don’t owe anything on a payment plan — you can trade in your iPhone towards the cost of a new one. Amazon, Best Buy and other online retailers will tell you how much they’re willing to pay you for your old device. Apple accepts trade-ins, too. If you trade in an iPhone 6s, for example, you can get an iPhone XS for $849, a $150 discount. Apple increased the value of its trade-ins last November, when an iPhone 6s was only worth $75 toward a new phone.

Sell your old phone

CNBC | Erin Black

Finally, if you think you can get more for your old phone than Apple, Best Buy or Amazon will offer, you can try selling it. I’ve had the best luck using Swappa, where you can set a price and see if people are willing to pay what you think it’s worth. The site also tells you the selling price of similar models so you know the going rate. It all depends on the model. The iPhone 6s is selling for about $110 to $150 right now, so if you have an iPhone 6s, you’re better off just trading it in to Apple and putting that cash towards a new phone. This is one time you won’t want to wait since Apple may decrease what it’s willing to pay for an old phone once the newer models are out. WATCH: Here’s the bull and bear case for Apple


Company: cnbc, Activity: cnbc, Date: 2019-08-26  Authors: todd haselton
Keywords: news, cnbc, companies, money, save, xs, refurbished, willing, best, apple, iphone, price, buy, phone, old, models


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Review: The 2019 Lamborghini Urus is a $200,000 fire-breathing super SUV

The 2019 Lamborghini Urus SUV Mack Hogan | CNBCNearly 70% of all vehicles sold in the U.S. last year were light trucks or SUVs. The 2019 Lamborghini Urus SUV Mack Hogan | CNBCThe goodIf it’s attention you want, the Urus gets it. The 2019 Lamborghini Urus SUV Mack Hogan | CNBCIt also takes off like a fighter jet. The 2019 Lamborghini Urus SUV Mack Hogan | CNBCYou’ll also have to get used to the design of the Urus, which is controversial. The 2019 Lamborghini Urus SUV Mack Hogan | CNBCFinal though


The 2019 Lamborghini Urus SUV Mack Hogan | CNBCNearly 70% of all vehicles sold in the U.S. last year were light trucks or SUVs. The 2019 Lamborghini Urus SUV Mack Hogan | CNBCThe goodIf it’s attention you want, the Urus gets it. The 2019 Lamborghini Urus SUV Mack Hogan | CNBCIt also takes off like a fighter jet. The 2019 Lamborghini Urus SUV Mack Hogan | CNBCYou’ll also have to get used to the design of the Urus, which is controversial. The 2019 Lamborghini Urus SUV Mack Hogan | CNBCFinal though
Review: The 2019 Lamborghini Urus is a $200,000 fire-breathing super SUV Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-25  Authors: mack hogan
Keywords: news, cnbc, companies, mack, firebreathing, 200000, urus, system, super, 2019, review, hogan, price, interior, lot, suv, lamborghini


Review: The 2019 Lamborghini Urus is a $200,000 fire-breathing super SUV

The 2019 Lamborghini Urus SUV Mack Hogan | CNBC

Nearly 70% of all vehicles sold in the U.S. last year were light trucks or SUVs. While exotic car sales are still holding up, it’s becoming harder for any brand to offer a lineup without a utility vehicle of some sort. Enter the Urus, Lamborghini’s first foray into the truck and SUV market since the LM002, a blocky monster designed as a military truck. The Urus is as far from the LM002 as it is from Lamborghini’s Huracán and Aventador supercars. A $200,000 five-seat, four-door SUV with a 641-horsepower V-8 engine, the Urus is half SUV and half fire breathing supercar. We love it.

The 2019 Lamborghini Urus SUV Mack Hogan | CNBC

The good

If it’s attention you want, the Urus gets it. More than any other SUV, it looks wild and exotic. Even in the Los Angeles area, where supercars are commonplace, the Urus attracted plenty of oglers and smartphone photographers. The interior is similarly wild. The Urus interior gives off fighter jet vibes, with angular surfaces and lots of information screens. The ignition button sits under a shiny red cover, so starting the Urus feels like launching the missiles in an action movie.

The 2019 Lamborghini Urus SUV Mack Hogan | CNBC

It also takes off like a fighter jet. Lamborghini claims that the Urus can get to 62 mph in 3.6 seconds, but some publications have reported 0 to 60 times of under 3 seconds. It’ll continue pulling to truly insane speeds, eventually topping out at 190 mph. Handling is similarly impressive. Despite its size and higher center of gravity, the Urus still corners like a sports car. Credit partially to its sophisticated suspension setup, which uses a high-voltage electrical system to constantly adjust damping. That makes the Urus flat and stiff through the corners while not being punishing on the road.

The 2019 Lamborghini Urus SUV Mack Hogan | CNBC

You can also manually switch to more aggressive suspension and engine settings with the “ANIMA” selector switch in the middle. In Corsa, or race mode, the Urus is loud, angry, low-slung and twitchy. It’ll outpace any SUV on a canyon road and make a lot of noise doing it. Steering is the best we’ve ever experienced in an SUV and the chassis just attacks corners at an unbelievable pace. Switch it to Strada and the whole thing settles down. A baffle in the exhaust closes, sealing off some of the thunder, and the suspension eases up. The Urus will happily cruise down a highway, with a fantastic semi-autonomous system that’ll hold you in between the lanes and manage your distance to other cars. You also have massaging seats and a divine 3D audio system from Bang & Olufsen.

The 2019 Lamborghini Urus SUV Mack Hogan | CNBC

The Urus offers a slew of off-road modes that allow it to deal with snow, sand, mud or anything else you might expect to encounter in your SUV. Essentially, the Urus uses an arsenal of technology to team insane performance with serious capability.

The bad

The cabin technology looks sleek and comes with plenty of processing power to handle everything quickly, but it’s not easy to adjust to and can be finicky. With two big screens in the center stack, a configurable display in the instrument cluster and a head-up display, there is a lot to mess around with.

The 2019 Lamborghini Urus SUV Mack Hogan | CNBC

That’s fine if it’s all intuitive, but it was often confusing to figure out how to control all of the information available. Even after swapping out the USB cable, the Urus had trouble with keeping a stable connection to our iPhone to play music. The shifter also isn’t intuitive; while you may think that the big center shifter with “P,” “N” and “R” controls would be your best bet for shifting into drive, that’s actually done by flicking the shift paddles behind the steering wheel. Once you get used to them, the shifter and multimedia controls are fine, but there is a learning curve.

The 2019 Lamborghini Urus SUV Mack Hogan | CNBC

You’ll also have to get used to the design of the Urus, which is controversial. It’s certainly distinctive and gets attention, but the angular styling language of Lamborghini’s sports car looks a bit awkward when stretched over the Urus. It may get the most attention, but it isn’t the prettiest SUV on sale. Finally, the Urus isn’t cheap. The base price is an even $200,000, but our tester stickered for $235,891. It’s the most exciting, exotic SUV out there, and it’s certainly got the price to prove it.

The 2019 Lamborghini Urus SUV Mack Hogan | CNBC

How we’d option it

As with a lot of high-end vehicles, the Urus has essentially infinite customization through dozens of cosmetic options. There are multiple styling packages, dozens of interior combinations and a bunch of colors to choose from. It all comes down to taste, so we can’t price the perfect Urus for everyone. Instead, we’ll point to a few features that we’d pay up for. First is the $2,778 panoramic sunroof, which adds a lot of light and openness to the interior. We’d also pay $3,157 for the full electric comfort seat, which includes the lovely massage functions.

The 2019 Lamborghini Urus SUV Mack Hogan | CNBC

Despite the obnoxious price, we’d also recommend the $6,313 full ADAS package, which provides a suite of automatic driver assistance systems like radar cruise control, lane keeping system and a traffic jam assistant. Last, we’d add yet another $6,313 for the advanced 3D audio system. The price is insane, but so is this sound system. Add in a nearly $4,000 for destination and our Urus comes to $222,556 before you start adding cosmetic options, like our tester’s $3,788 wheels. Exclusivity doesn’t come cheap.

The 2019 Lamborghini Urus SUV Mack Hogan | CNBC

Final thoughts

If you had to pick one car to handle every situation you throw at it, you couldn’t pick much better than a Lamborghini Urus. Through freeways, canyon roads and Los Angeles traffic, the Urus proved exceptionally comfortable and incredibly exciting. It easily fit four adults for long journeys and offered a large cargo area, while turning heads everywhere it went. It may not be a traditional Lamborghini and it’s definitely not cheap, but the Urus is one of the most impressive vehicles on sale today.

The 2019 Lamborghini Urus SUV Mack Hogan | CNBC

Rating:

Exterior: 3.5 Interior: 4.5 Driving Experience: 5 Value: 3 Overall: 4 Price as tested: $235,891 Ratings out of 5.


Company: cnbc, Activity: cnbc, Date: 2019-08-25  Authors: mack hogan
Keywords: news, cnbc, companies, mack, firebreathing, 200000, urus, system, super, 2019, review, hogan, price, interior, lot, suv, lamborghini


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