Sold out of our entire Apple position as tariffs are no-win scenario, says Clockwise's James Cakmak
Daniel Newman, The Futurum Group CEO, and James Cakmak, Clockwise Capital CIO, join 'Power Lunch' to discuss Trump's tariff threats on Apple, if the market reaction is overdone and much more.
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The Hill
29 minutes ago
- The Hill
Wall Street gains ground following a solid jobs report
NEW YORK (AP) — Stocks rose on Wall Street Friday following a better-than-expected report on the U.S. job market. The S&P 500 index rose 0.9% in afternoon trading. The benchmark index remains on track to notch a second consecutive winning week. The Dow Jones Industrial Average added 344 points, or 0.8% as of 1:22 p.m. Eastern. The Nasdaq composite rose 1.2% The gains were broad, with nearly every sector in the benchmark S&P 500 rising. Technology stocks, with their outsized values, gave the market its biggest boost. Chipmaker Nvidia jumped 1.6% and iPhone maker Apple rose 1.4%. Tesla rose 5.5%, regaining some the big losses it suffered on Thursday when Trump and Musk sparred feverishly on social media. Circle Internet Group, the U.S.-based issuer of one of the most popular cryptocurrencies, rose 43%. That adds to its 38.7% gain from Thursday when it debuted on the New York Stock Exchange at $60 per share. U.S. employers slowed their hiring last month, but still added a solid 139,000 jobs amid uncertainty over President Donald Trump's trade war. The closely-watched monthly update reaffirmed that the job market remains resilient, despite worries from businesses and consumers about the impact of tariffs on goods going to and coming from the U.S. and its most important trading partners. 'It looks like, for now, everything is kind of running smoothly,' said Chris Zaccarelli, chief investment officer for Northlight Asset Management. 'Investors see that as a positive, but we also haven't seen the full effect of tariffs yet.' President Donald Trump's on-again-off-again tariffs continue to weigh on companies. Lululemon Athletica plunged 20.2% after the maker of yoga clothing cut its profit expectations late Thursday as it tries to offset the impact of tariffs while being buffeted by competition from start-up brands. Lululemon joins a wide range of companies, from retailers to airlines, who have warned investors about the potential hit to their revenue and profits because of tariffs raising costs and consumers potentially tightening their spending. Hopes that Trump will lower his tariffs after reaching trade deals with other countries have been among the main reasons the S&P 500 has rallied back so furiously since dropping roughly 20% from its record two months ago. It's now back within 2.5% of its all-time high. The economy is already absorbing the impact from tariffs on a wide range of goods from key trading partners, along with raw materials such as steel. Heavier tariffs could hit businesses and consumers in the coming months. The U.S. economy contracted during the first quarter. Recent surveys by the Institute for Supply Management, a trade group of purchasing managers, found that both American manufacturing and services businesses contracted last month. On Tuesday, the Organization for Economic Cooperation and Development forecast 1.6% growth for the U.S. economy this year, down from 2.8% last year. The uncertainty over tariffs and their economic impact has put the Federal Reserve in a delicate position. 'All things being equal, you can clearly see they are on hold,' Zaccarelli said. The central bank is holding its benchmark interest rate steady as it worries about tariffs reigniting inflation. It fought hard, using interest rate increases, to ease inflation rates back toward its target of 2% and rates have been hovering just above that level. The Fed has been hesitant to cut interest rates in 2025 after trimming rates three times late last year. While lower interest rates can give the economy a boost, they can also push inflation higher. That could be especially damaging if import taxes are also raising costs for businesses and consumers. Wall Street expects the central bank to hold rates steady at its June meeting, but traders are forecasting that it will have to cut interest rates later this year in an effort to prop up the economy. In the bond market, Treasury yields made significant gains. The yield on the 10-year Treasury rose to 4.49% from 4.39% late Thursday. The two-year Treasury yield, which more closely tracks traders' expectations for what the Federal Reserve will do with overnight interest rates, rose to 4.04% from 3.92% late Thursday. Markets in Asia were mixed and markets in Europe were were mostly higher. ___ AP writers Elaine Kurtenbach and Matt Ott contributed to this report.
Engadget
an hour ago
- Engadget
The latest iPad mini drops to a record-low price
The latest Apple iPad Mini is on sale via Amazon , bringing the 128GB model down to a record-low price. Each Wi-Fi-only model has been discounted by $100, so the 128GB version is $399, the 256GB tablet is $499 and the beefy 512GB model is $699. This deal applies to multiple colorways. This is one of the best Apple tablets , and the only choice for those looking for a compact iPad. It's the company's most powerful tablet in this size, as the A17 Pro chip is plenty capable. An M-series chip would have been nice, but it's not in the cards just yet. Having said that, this is still a full-featured iPad that can hang with its larger cousins. It offers support for the Apple Pencil Pro, which is handy, and the 12-megapixel camera on the rear takes decent shots, even in low light. The camera is also a decent choice for scanning documents and QR codes, as noted in our official review . The speakers sound much better than one would expect, though this has become the norm with recent Apple products. The display looks nice, but it is just a standard LCD with a 60Hz refresh rate. Apple tends to reserve its best screen technology for the higher-end tablets. There's no Face ID here, but that's not a deal breaker for me, as I actually prefer Touch ID or just quickly typing in a four digit security code. Check out our coverage of the best Apple deals for more discounts, and follow @EngadgetDeals on X for the latest tech deals and buying advice.
Yahoo
an hour ago
- Yahoo
Pixalate's May 2025 APAC Top 100 Google Play Store & Apple App Store Mobile Bundle IDs: ‘CarX Drift Racing 2' No. 1 on Google Play Store in China, ‘TeraBox' Leads in India on Apple App & Google Play Stores
According to Pixalate's research, the 'imo' Bundle ID ( in Singapore led on the Google Play Store; in Japan, the Bundle ID (579581125) for 'SmartNews: News That Matters' on the Apple App Store ranked No. 1 London, June 06, 2025 (GLOBE NEWSWIRE) -- Pixalate, the leading global platform for ad fraud protection, privacy, and compliance analytics, today released the May 2025 Top 100 APAC Mobile App Bundle IDs Rankings for Open Programmatic Mobile Advertising on the Google Play Store and Apple App Store. The reports highlight the top mobile app Bundle IDs in key APAC ad economies of China, Japan, India, and Singapore. In addition to China, Japan, India and Singapore, Pixalate released Bundle ID rankings for the United Kingdom (UK), Spain, France, the Netherlands, Germany, Mexico, Brazil, the United States (U.S.), and Canada. Pixalate's data science team analyzed global programmatic advertising activity across over 20 billion impressions on Apple App Store and Google Play Store app traffic in May 2025 to compile the research in this series. The rankings are based on open programmatic advertising volume measured by Pixalate. The Bundle IDs are ranked after invalid traffic (IVT) is removed. Top APAC Mobile App Bundle IDs (May 2025) Singapore - Apple App Store Bundle ID App Name Developer Name 1193508329 - Number Games Easybrain Ltd 336435697 imo-International Calls & Chat 1369521645 Words of Wonders: Crossword FUGO BILISIM TEKNOLOJILERI VE YAZILIM TICARET ANONIM SIRKETI Singapore - Google Play Store Bundle ID App Name Developer Name imo-International Calls & Chat Vita Mahjong Vita Studio. TeraBox: Cloud Storage Space Flextech Inc. Japan - Apple App Store Bundle ID App Name Developer Name 579581125 SmartNews: News That Matters SmartNews, Inc. 1617391485 Block Blast！ ARETIS LIMITED 1502193377 トリマ-移動・歩数がポイントに！お小遣い稼ぎの歩数計アプリ GeoTechnologies, Inc. Japan - Google Play Store Bundle ID App Name Developer Name TownWiFi byGMO GMOタウンWiFi SmartNews: News That Matters SmartNews, Inc. トリマ-移動してポイントが貯まる。歩くだけでお小遣い稼ぎ GeoTechnologies, Inc. China - Apple App Store Bundle ID App Name Developer Name 450722833 ibis Paint X ibis inc. 500962489 Spider ▻ Solitaire PeopleFun CG, LLC 1196764367 Words With Friends Word Game Zynga Inc. China - Google Play Store Bundle ID App Name Developer Name CarX Drift Racing 2 CarX Technologies FR Legends TWIN TURBO GAMES Ball Sort Puzzle - Color Game Guru Puzzle Game India - Apple App Store Bundle ID App Name Developer Name 1509453185 TeraBox: Cloud Storage Space FLEXTECH INC. 336435697 imo-International Calls & Chat 360466413 Cricbuzz Live Cricket Scores Akuate Internet Services Pvt Ltd India - Google Play Store Bundle ID App Name Developer Name TeraBox: Cloud Storage Space Flextech Inc. Truecaller: Caller ID Blocker Truecaller PhonePe UPI, Payment, Recharge PhonePe Download the Global Top 100 Mobile App Bundle IDs (May 2025) United States (Google Play Store & Apple App Store) Canada (Google Play Store & Apple App Store) Spain (Google Play Store & Apple App Store) Germany (Google Play Store & Apple App Store) United Kingdom (Google Play Store & Apple App Store) Mexico (Google Play Store & Apple App Store) Brazil (Google Play Store & Apple App Store) China Apple App Store) &(Google Play Store) Japan (Google Play Store & Apple App Store) Singapore (Google Play Store & Apple App Store) France (Google Play Store & Apple App Store) Netherlands (Google Play Store & Apple App Store) India (Google Play Store & Apple App Store) About Pixalate Pixalate is a global platform specializing in privacy compliance, ad fraud prevention, and digital ad supply chain data intelligence. Founded in 2012, Pixalate is trusted by regulators, data researchers, advertisers, publishers, ad tech platforms, and financial analysts across the Connected TV (CTV), mobile app, and website ecosystems. Pixalate is accredited by the MRC for the detection and filtration of Sophisticated Invalid Traffic (SIVT). Disclaimer The content of this press release, and the Top 100 Mobile App Bundle IDs Rankings (the 'Reports'), reflect Pixalate's opinions with respect to factors that Pixalate believes may be useful to the digital media industry. Any insights shared are grounded in Pixalate's proprietary technology and analytics, which Pixalate is continuously evaluating and updating. Any references to outside sources in the Indexes and herein should not be construed as endorsements. Pixalate's opinions are just that, opinions, which means that they are neither facts nor guarantees. Pixalate is sharing this data not to impugn the standing or reputation of any entity, person or app, but, instead, to report findings and trends pertaining to programmatic advertising activity in the time period studied. CONTACT: Nina Talcott ntalcott@ while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
