Friday, June 18, 2021
Home News Business Briefs Business Briefs: Apple stock falls $24 in one day

Business Briefs: Apple stock falls $24 in one day

•While most of Boston was in lock-down, Dunkin’ Donuts was permitted to stay open so the company could voluntarily provide free coffee, food and other supplies to first responders working to hunt down the men responsible for the Marathon Bombing, according to CNBC.

• Fully autonomous, or self-driving cars, are expected to be driving the streets in relatively large numbers by 2025. The motivation for the switch is simply that humans are not safe drivers, according to the Wall Street Journal.

• Nearly 51 percent of the area of the United States is still experiencing a long and unforgiving drought. Low rainfall predictions for this year mean a continued period of dry fields for farmers and rising food prices for consumers, according to CNBC.

• SeaWorld Entertainment Inc., famous for their water parks and Shamu the whale, rose 24 percent before the close of the Stock Exchange after an extremely successful initial public offering. The company is looking to increase profits through expanding the SeaWorld name through brand extensions for television and consumer products licensing, according to Bloomberg.

• Twitter launched their new music discovery app, Twitter Music, last week. The app, available in the Apple App Store, allows users to follow what music their friends, as well as artists, are listening to. The users can then listen to the songs on Spotify, iTunes and Rdio, according to CNBC.

• Apple Inc.’s stock price fell to its lowest level in over a year last week, falling almost $24 in one day. The sudden tumble is being attributed to poor results from the iPad mini as well as continued loss of market share for the company that once dominated the smart phone market, according to CNBC.

• Best selling authors, Dan Brown (famous for “The Da Vinci Code” and “Angels & Demons”) and Khaled Hosseini (famous for “The Kite Runner” and “A Thousand Splendid Suns”) will be releasing their new books within a week of each other this coming May. The two releases, being called a “Literary Showdown,” will spell good news for bookstores such as Barnes & Noble, according to the Wall Street Journal.


Please enter your comment!
Please enter your name here

Most Popular

Recent Comments