Nov 2, 2018 - Technology

Stagnant holiday projections puts Apple's trillion dollar valuation at risk

The Apple logo. Photo: Stuart C. Wilson/Getty Images

Apple's recent stock plunge could kick the company out of the $1 trillion dollar valuation club if the selloff continues, reports the Wall Street Journal.

The big picture: Apple fell 6.7% after announcing its decision to stop reporting device unit sales in future results and a weak financial outlook for the key upcoming holiday quarter. If the stock falls below $207.04 — it hit $207.30 in early morning trading — the company's valuation will fall under a trillion. However, Apple's stock is up 23% so far this year.

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Axios
Updated 30 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 18,710,668 — Total deaths: 704,869 — Total recoveries — 11,284,150— Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m. ET: 4,818,228 — Total deaths: 157,930 — Total recoveries: 1,576,425 — Total tests: 58,903,657 — Map.
  3. Public health: Florida surpasses 500,000 confirmed cases — Fauci calls U.S. coronavirus testing delays "totally unacceptable."
  4. Business: America's next housing crisis.
  5. States: Virginia launches contact tracing app using specs from Apple and Google.
  6. Politics: White House, Democrats remain "trillions of dollars apart" on stimulus talks.
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Ashley Gold, Sara Fischer
Updated 2 hours ago - Technology

Facebook, Twitter take down Trump post saying kids are immune to coronavirus

Photo: NurPhoto/Getty Images

Facebook removed a video post from President Trump Wednesday in which he claimed in an interview with Fox News that children are "almost immune" to COVID-19.

Why it matters: It’s the first time that Facebook has removed content from Trump's account for violating policies on coronavirus-related misinformation.

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Axios
Updated 2 hours ago - Politics & Policy

Trump campaign outraises Biden's by $20 million in July

Combination images of President Trump and former Vice President Joe Biden. Photo: Alex Wong/Getty Images/Mark Makela/Getty Images

President Trump's re-election campaign and the Republican National Committee announced on Wednesday they collectively raised $165 million in July.

Why it matters: With 90 days until the election, Trump and the RNC outpaced the Biden campaign, the Democratic National Committee and their joint fundraising committees, who announced earlier Wednesday that they raised $140 million last month.

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