The AIC Financial Blog

TRUMP SHOWS HIS POKER FACE

  It’s been a busy week for President Trump: he escalated his campaign against the Fed, threatened increased tariffs that could hit iPhones and other US tech, weighed in on Brexit (again) before threatening General Motors via Twitter. However, the highlight...

APPLE CUTS PRODUCTION ON NEW IPHONES

Technology giant Apple is reportedly cutting production orders for its three newest iPhones on the back of weaker demand. The group’s share price struggled in response, falling around 4% on 19 November, on media reports it had told suppliers to cut production of...

INVESTORS TAKE BIG BITES OUT OF FOOD PRODUCERS

  Well-known conglomerates Kelloggs and Kraft Heinz were among consumer staples that struggled as weaker earnings results pushed share prices lower. Kelloggs, best known for its breakfast cereals, reported lower than expected earnings per share (EPS) for the...

FROM TELSTRA TO TESLA

Tesla has settled more than a month of intrigue by naming a new chairman to replace Elon Musk after he was forced to forego the post as part of his ‘Elon-gate’ settlement with the SEC. The company has elected to promote from within by appointing Robyn...

BIG BLUE’S NEW RED HAT

  Shares in the open-source software developer, Red Hat, jumped 45% on Monday following a $34bn cash big from IBM, known in the industry as ‘Big Blue’. IBM is paying what amounts to a 40% premium for Red Hat in return for the opportunity to grow its...

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