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Bad Santa Buys Bonds, Bullion, & Bitcoin; Rotten Apple Spoils Promised Stock Rally

This was not teh Santa Claus rally that everyone was promised…   All thanks to 'rotten' Apple… as analysts lowered iPhone X shipment projections for the first quarter of next year, citing signs of lackluster demand at the end of the holiday shopping season, and the company’s shares fell Tuesday along with those of some […]


Chinese Stocks Spooked By Apple iPhone X Forecast Cut, Nikkei Boosted By BOJ Hopes

With most global markets closed for Christmas, the only overnight action was in Asia, which saw Chinese equities fall with tech stocks and names linked to Apple the worst performers after a report that Apple cut forecast iPhone X sales forecasts, while property firms surged on speculation of coming consolidation. As a result, after opening […]


The 10 Most Interesting Predictions From 2018 Forecasts

Via Nicholas Colas of DataTrekResearch, Tis the season for predictions… In fact, it seems to us that the requisite crystal ball gazing gets more popular every year. A nice compact list of bite-sized thoughts makes for easy social media sharing, after all. But the really interesting thing to us is not “What” a person or organization […]


Apple Admits Secretly Slowing Down Older iPhones

Apple settled long-standing conspiracy theories surrounding claims that the company was purposefully slowing down older iPhones in order to force people into buying newer models – and there’s a “perfectly good” explanation. Batteries In early December, Reddit user TeckFire posted a report in the iPhone subreddit, noting that after experiencing a painful slowdown on his […]


Is The iPhone X Racist?

A woman in the eastern Chinese city of Nanjing has been offered a second refund after faulty facial recognition software on two iPhone X handsets allowed her colleague to unlock them. As The South China Morning Post reports, the woman, identified only by her surname Yan, told the Jiangsu Broadcasting Corporation that despite activating and […]


German Government Drafts “Orwellian Nightmare” Plan To Spy On All Digital Devices

Germany's Interior Ministry is challenging the NSA for the title of world's most Orwellian intelligence agency. According to Russia Today, Thomas de Maizière, Germany’s interior minister, wants to create secret backdoor access to computers, phones and even Volkswagens – a plan that critics are slamming as an "Orwellian nightmare". Maiziere plans to argue in favor […]


Dialog Semi Crashes On Report Apple Will Use Its Own Power Chips

UK-based Dialog Semiconductor crashed as much as 17% following a Nikkei report that Apple will design its own power chips for use in iPhones as early as 2018, cutting dependence on Dialog “as it seeks to boost its semiconductor capabilities to better compete with rivals.” As the Nikkei adds, The main power management chip controls […]


David Stockman Derides The Delirious Dozen Of 2017

Authored by David Stockman via Contra Corner blog, We have previously noted the massive market cap inflation and then stupendous collapse of the Delirious Dozen of 2000. The latter included Microsoft, Cisco, Dell, Intel, GE, Yahoo, AIG and Juniper Networks – plus four others which didn't survive (Lucent, WorldCom, Global Crossing and Nortel). Together they represented a classic blow-off […]


Weekend Humor: A Millennial Job Interview

Presented with little comment… “For stuff like that, I’ll just ask Siri… who gets up at 8?” A Millennial job interview from @TheDanielBrea on Vimeo. http://WarMachines.com


Foxconn Interns Worked Illegal 11-Hour Shifts To Meet iPhone X Demand

Apple and Foxconn have a well-documented history of labor abuses ranging from underpaying employees to compulsory over time that have been blamed for a slew of deaths and suicides among Foxconn's workforce. These abuses were widely covered in the media around 2012 but largely disappeared from the headlines after Apple CEO Tim Cook said he […]


Apple Diversity Chief Forced Out After Saying White Men Can Also Be ‘Diverse’

Silicon Valley's disdain for its mostly white, mostly male tech workforce has reached absurd new heights. The New York Post is reporting that, after just six months on the job, Apple Diversity Chief Denise Young Smith, who was named vice president of diversity and inclusion in May, has resigned her post after making a “controversial” […]


Hackers Crack Apple’s Face ID With $150 Mask

Here’s the latest sign that the long-awaited facial recognition technology introduced by the iPhone X that caused production delays and myriad other headaches for Foxconn and its suppliers doesn’t live up to Apple’s lofty claims: A group of Vietnamese hackers became the first in the world to defeat the phone’s Face ID security, accomplishing the […]


Stocks Tank As Brady Confirms SALT Deductions Will Stay In House Bill

US equities just legged lower – led by tech-heavy Nasdaq – after Ways & Means Committee Chair Kevin Brady confirmed that The House Tax Bill will keep SALT deductions, implicitly lowering tax revenues (and thus a potentially smaller corporate tax cut). Nasdaq is leading the drop…   Apple most notably extended losses on the headline… […]


Do Not Break Your iPhone X

With the iPhone X, Apple’s re-designed anniversary iPhone, official launch today, we saw the familiar images of people lining up in front of Apple Stores around the world to be among the first ones to get their hands on the new device. Despite the X’s lofty price – it starts at $999 for the smaller 64 GB model, […]