The Dow Jones industrial average dropped 2.7%, giving back all of its gains for the week
The Dow Jones industrial average dropped 2.7%, giving back all of its gains for the week. The technology-heavy Nasdaq Composite also slid 2.2%. The markets fell amid fresh worries about the prospects of a quick economic recovery as new coronavirus cases jumped to the highest points since April. Click here to read more.
Apple buys Fleetsmith
Apple (NASDAQ: AAPL) has bought Fleetsmith, a company that makes tools that enable businesses to more easily deploy iPhones and Macs to their workers. Apple plans to use the acquisition to turn more attention to the enterprise market and persuade businesses to buy iPhones and Macs as tools for their workforce. Click here to read more.
Cruise stocks drop after Barclays downgrade
Investors had been piling into cruise line stocks, sending shares of Royal Caribbean and Norwegian Cruise Line up nearly 30% in the last month. Yesterday, after Barclays downgraded the stocks, Royal Caribbean (NYSE: RCL), and Carnival (NYSE: CCL) fell by 11% and 10% respectively. Click here to read more.
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