Apple Plunges After Nikkei Reports iPhone Production Cuts Up To 30%

Yesterday's miraculous dip-buying in Apple stock has been erased as yet another wourse raises concerns about iPhone production:

  • *APPLE MAY CUT IPHONE 6S, 6S PLUS PRODUCTION BY ~30%: NIKKEI
  • *APPLE SEEN CUTTING IPHONE 6S, 6S+ OUTPUT ~30% IN JAN-MAR:NIKKEI

The stock is down 2.5% on the news. Time to unleash moar buybacks!!

As Bloomberg reports,

Bahrain Halts All Flights To & From Iran Over Saudi Embassy Attack

A day after it joined Saudi Arabia in severing diplomatic ties with Iran, Bahrain has halted all flights to and from the Islamic republic. Bahrain’s transport ministry announced the move Tuesday in a statement carried by the official Bahrain News Agency. Kuwait also recalled its ambassador from Tehran on Tuesday amid a growing regional dispute surrounding Saudi Arabia’ execution of a Shiite cleric on Saturday.

Capitalism Today

Capitalism Today

In the first 22 hours of work in 2016 Britain’s top 100 business executives each earn an amount equal to the annual average British salary. https://www.rt.com/uk/327995-fat-cat-tuesday-pay/

The post Capitalism Today appeared first on PaulCraigRoberts.org.

President Obama Explains Why Making It Harder For "We, The People" To Get Guns Will Make Everyone Safer

Amid threats from various Republican Congressmen, soaring pre-emptive gun sales, and a majority of Americans (56%) believe that if more Americans carried concealed weapons the country would be safer; President Obama is set today to formally announce his executive action new gun-control measures.

 

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