China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.
Investors in U.S. stocks have been arguing that a 10% decline of the S&P 500 was long overdue and a missing link of a healthy market. The benchmark index hasn't had a by-the-book correction in about four years.
In a January earnings call with investors, Apple Inc. Chief Executive Tim Cook made a confident prediction: "2015 will be the year of Apple Pay," he said. Since then, the company has aggressively courted retailers -- and claimed significant success.
The Apple Watch will launch with a whisper rather than a bang on Friday, an unusual start for the company that may reflect early uncertainty about demand for Apple Inc boss Tim Cook's first new product.
Investor confidence in Apple Inc.’s suppliers and vendors is wavering in the stock market after the bankruptcy of GT Advanced Technologies Inc. last month wiped out 92 percent of its value in a single day.