Yahoo News - Latest News & Headlines
|Watergate journalists Woodward and Bernstein issue warning about Donald Trump's attacks on media
The veteran journalists who first uncovered the Watergate scandal have spoken out against Donald Trump’s attacks on the media, warning the US President against undermining the country’s free press. Donald Trump was not present to hear the comments, instead holding a rally of his supporters.
POSTED APRIL 30, 2017 5:58 AM
|Pope Francis pleads for 'holy' peace during Egypt visit
Pope Francis pleaded for peace in a visit to Egypt on Friday as he attended a service in solidarity with the embattled Coptic minority at a church bombed by the Islamic State group. Last December, the Saint Peter and Saint Paul church was itself targeted by a suicide bomber in an attack that killed 29 people. Francis had earlier met President Abdel Fattah al-Sisi and Ahmed al-Tayeb, the grand imam of the Al-Azhar institution, one of Muslim world's leading authorities, to push for dialogue between the two faiths.
POSTED APRIL 28, 2017 4:31 PM
|Turkey blocks access to Wikipedia
By Can Sezer and David Dolan ISTANBUL (Reuters) - Turkey has blocked online encyclopaedia Wikipedia, the telecommunications watchdog said on Saturday, citing a law allowing it to ban access to websites deemed obscene or a threat to national security. The move is likely to further worry rights groups and Turkey's Western allies, who say Ankara has sharply curtailed freedom of speech and other basic rights in the crackdown that followed last year's failed coup. "After technical analysis and legal consideration ... an administrative measure has been taken for this website (Wikipedia. ...
POSTED APRIL 29, 2017 11:29 AM
|Buses torched, roads blocked, clashes during Brazil strike
RIO DE JANEIRO (AP) — Protesters lit buses on fire, blocked roads and clashed with police on Friday during a general strike that brought transportation to a halt in many cities across Latin America's largest nation.
POSTED APRIL 28, 2017 8:48 PM
|Military plane crashes in Cuba killing all eight on board
A military airplane crashed into a mountain in Cuba's north-western region of Artemisa on Saturday morning, killing all eight personnel on board, the Ministry of Revolutionary Armed Forces said. The aircraft, a twin-engined turboprop Antonov AN-26, had taken off at 6:38 a.m. (0638 ET) from Playa Baracoa, just outside Havana, and crashed into the Loma de la Pimienta mountain some 80 km (50 miles) westwards. "The eight military personnel on board, including the crew, died," the ministry said in a statement published by state-run media.
POSTED APRIL 29, 2017 4:49 PM
|Cop Allegedly Fakes Suicide and Flees To Mexico
Cops are still searching for him.
POSTED APRIL 29, 2017 2:25 PM
|People's Climate March across the U.S.
Thousands of people across the U.S. are marching on President Donald Trump’s hundredth day in office to demand action on climate change.
POSTED APRIL 29, 2017 3:46 PM
|Delta Airlines Pilot Hits Passenger
“We became aware of this incident and a video last week and immediately removed the pilot from duty while we completed a thorough investigation,” a spokesperson said.
POSTED APRIL 29, 2017 11:43 PM
|'Horrifying' execution of US inmate: lawyer
The last of four US prisoners rushed to death by the state of Arkansas after intense legal battles, jerked and convulsed in a "horrifying" end to his life, his lawyer said Friday, as the UN and EU renewed their opposition to the death penalty. Kenneth Williams, a 38-year-old convicted multiple murderer, was the last of four inmates put to death over the space of a week -- the first such executions by the conservative southern state since 2005. "Press reports state that within three minutes into the execution, our client began coughing, convulsing, jerking and lurching with sound that was audible even with the microphone turned off," lawyer Shawn Nolan said in a statement.
POSTED APRIL 28, 2017 4:16 PM
|Donald Trump marks 100 days with attack on 'fake news' media and Washington 'swamp' at rally
Donald Trump has marked his 100th day in office by claiming historic action on his agenda, renewing promises on healthcare and taxes, while attacking the media for allegedly misleading Americans. To supporters at an evening rally in Pennsylvania, he promoted American power and patriotism while emphasising such priorities as American manufacturing, better trade deals for the US and a still-to-be defined tax cut plan. Mr Trump's 100th day events were set in a politically important state that he won with 48 per cent of the vote.
POSTED APRIL 29, 2017 9:12 PM
|First Lady dedicates 'healing' garden at children's hospital
WASHINGTON (AP) — Off in the distance, young patients can see the Washington Monument from the hospital's new rooftop "healing" garden, dedicated Friday by first lady Melania Trump as a place children and their families can breathe fresh air, "relax and enjoy in peace."
POSTED APRIL 28, 2017 6:11 PM
|Strong earthquake hits off Philippines, no major impact seen
A strong earthquake measuring 7.2 struck off the coast of Mindanao island in the Philippines on Saturday, and the country's seismology agency advised people to stay away from coastal areas but expected no major damage. The Pacific Tsunami Warning Center said there was a risk big waves could spread 300 km (190 miles) away from the epicenter, reaching as far away as Indonesia. The Philippines Institute of Volcanology and Seismology (Philvolcs) said no tsunami warning was issued after a quake it had measured at 7.2.
POSTED APRIL 28, 2017 7:22 PM
|Two US soldiers killed in Afghanistan may have been hit with friendly fire, says Pentagon
Two US special operations forces soldiers killed in eastern Afghanistan may have been struck by friendly fire in an operation targeting the emir of Islamic State militants in Afghanistan, the Pentagon has said. Pentagon spokesman Captain Jeff Davis told reporters that the military was investigating whether the two troops may have been killed by ground fire, either by American forces or Afghan commandos taking part in the raid, though it appeared to be accidental. “We are investigating the circumstances of the combat deaths of the two Army Rangers in the beginning of what was an intense three-hour firefight,” Davis said.
POSTED APRIL 28, 2017 4:51 PM
|Berkeley Professor Robert Reich: First Amendment is 'absolutely critical'
Conservative author Ann Coulter discusses the state of the First Amendment with Berkeley Professor Robert Reich.
POSTED APRIL 30, 2017 9:40 AM
|Body Believed to Be Teen Hiker Found, Grandmother Still Missing
He was found Friday, according to reports.
POSTED APRIL 29, 2017 12:47 PM
|PM Abe says North Korean missile launch grave threat to Japan
By William James and Guy Faulconbridge LONDON (Reuters) - North Korea's decision to test-fire a ballistic missile represents a grave threat to Japan, Prime Minister Shinzo Abe said in London on Saturday, calling on the United States and China to keep up pressure on Pyongyang. North Korea test-fired a missile shortly after U.S. Secretary of State Rex Tillerson warned that failure to curb Pyongyang's nuclear and ballistic missile programs could lead to "catastrophic consequences". "Despite strong warnings by the international community, North Korea today went through its ballistic missile launch.
POSTED APRIL 29, 2017 7:08 AM
|Apple Trying To Persuade California DMV To Change Self-Driving Rules
The tech giant also wants the state’s restriction on using self-driving vehicles without a human driver to be removed.
POSTED APRIL 29, 2017 7:04 AM
|Judge orders Arkansas to conduct autopsy on executed inmate
A federal judge has ordered the Arkansas authorities to conduct an autopsy on the body of an executed inmate whose lawyer described his death as "horrifying," including jerking and convulsions during his lethal injection. Judge Kristine Baker of the US Court for the Eastern District of Arkansas issued the order late Friday, less than 24 hours after the state executed the 38-year-old convicted multiple murderer Kenneth Williams. Arkansas officials had said the compressed timeline was necessary because the state's stock of a sedative used in the lethal injection, midazolam, was set to expire at the end of April.
POSTED APRIL 29, 2017 10:42 AM
|US Congress averts shutdown, passing stopgap spending bill
The US Congress easily passed a one-week stopgap spending bill Friday, assuring there is no embarrassing government shutdown on the 100th day of Donald Trump's presidency. With lawmakers mindful of the midnight deadline, the measure cleared the House of Representatives 382 to 30, with broad bipartisan support. Minutes later, the Senate approved it by a simple voice vote.
POSTED APRIL 28, 2017 2:56 PM
|Los Angeles deputies search for pair in rampage that kills 1
PICO RIVERA, Calif. (AP) — Authorities are searching for two men who stole a woman's SUV on Saturday, then went on a shooting rampage through several Los Angeles suburbs, killing one man and injuring up to three other people.
POSTED APRIL 29, 2017 11:03 PM
|Is active surveillance safe for men with family history of prostate cancer?
By Lisa Rapaport (Reuters Health) - Having a family history of prostate cancer doesn’t make it more risky for men with a new diagnosis of the disease to initially hold off on active treatment in favor of monitoring with periodic lab tests, a research review suggests. It’s becoming more common for doctors to skip aggressive treatments like surgery or radiation for men with low-risk prostate tumors in favor of doing periodic tests to see if tumors grow, a practice known as active surveillance. For the current study, researchers analyzed data from six previously published studies and found that active surveillance wasn’t linked with an increased risk of prostate cancer progressing for men with a family history.
POSTED APRIL 28, 2017 3:57 PM
|Mom tells school: My daughter will do less homework
Too much homework is the worst. Luckily for this 10-year-old girl, her mother has her back.
POSTED APRIL 28, 2017 5:33 PM
|Former US Navy Seal Robert O'Neill describes the moment he 'shot dead Osama bin Laden'
The former US Navy SEAL who killed Osama bin Laden has described the moment he claims he shot the al-Qaeda leader dead. Robert O’Neill, who claims to have fired the fatal bullets, has for the first time published a detailed account of the mission that lead to the 9/11 mastermind being gunned down in a secure compound in Abbottabad, Pakistan, in May 2011. In a dramatic extract from his new book, The Operator, published in the Mirror, the former Seal described the moment he fired two shots at Bin Laden and “split open” his head.
POSTED APRIL 30, 2017 7:56 AM
|Mom Thanks Woman For Calming Down 4-Month-Old Baby Girl During Flight
The mom said she was surprised anyone would offer.
POSTED APRIL 30, 2017 12:04 PM
|Opposition gains in British polls, but May's party keeps strong lead
By Alistair Smout and William James LONDON (Reuters) - Three opinion polls showed a rise in support for Britain's opposition Labour Party, although Prime Minister Theresa May's Conservatives maintained a commanding lead ahead of a June 8 election expected to define the terms of the country's EU exit. The polls published late on Saturday showed May's Conservatives remained between 11 and 17 points ahead of Labour - still enough to deliver a clear victory as she seeks a mandate for her plan to implement the result of last year's Brexit referendum by quitting the European Union's single market. One poll by YouGov showed the Conservative lead over the Labour had fallen to 13 points, compared to the 23 points that the same polling firm found last week.
POSTED APRIL 30, 2017 8:09 AM
|Your weekend hate read is this ridiculously dumb New York Times op-ed
It didn't take long for the controversial new editorial writer a the
New York Times to deliver the goods — the goods in this case being tired and weak excuses for why mainstream media publications should give credence to climate change deniers. On Friday afternoon, the
Times published the first column from Bret Stephens, in which he argues "ordinary citizens also have a right to be skeptical of an overweening scientism" in relation to climate change. SEE ALSO: We’re about to test out hacking the Earth’s climate. That should scare and inspire you. While the
Times doesn't seem to have any writers extolling the flat earth theory or delving into the issues around chemtrails, it saw fit to recently hire Stephens, a noted conservative writer, best known in the science community for his climate change denial. He didn't waste any time. And the
Times clearly saw an opportunity, finding it necessary not just to publish the column but also send a push alert about it. NYT edit board has cited “rock-solid scientific consensus" for "swift action" on climate change https://t.co/IQH8HWXBBs Latest NYT alert pic.twitter.com/DVaSeTnGZn — Michael Calderone (@mlcalderone) April 28, 2017 The column extolls the virtues of skepticism in the face of certainty, leading off by pointing out that a lot of people were sure that Hillary Clinton would beat Donald Trump. Yes, the new conservative writer started off by trolling his audience while also constructing a laughable straw man argument. In Stephens's world, "data" is all the same and anyone who can add together numbers is a scientist who should be taken with a grain of salt. The push alert in particular rubbed people the wrong way. HeyHey guysHello friends are you listening?Hey[walks around poking everyone] Ok now that I have your attentionWe hired a new doofus! pic.twitter.com/GkSUYQCprH — southpaw (@nycsouthpaw) April 28, 2017 Reasonable people can disable push notifications, @nytimes. pic.twitter.com/ink9bHiNxm — Andisheh Nouraee (@andishehnouraee) April 28, 2017 The column comes just as the
Times builds up a climate reporting team. "As the earth’s temperature continues to break records, climate and environmental reporting is taking on new urgency," the company wrote on a very pretty page touting the open jobs on its team. Image: New york times/screenshotThe column also comes one week after March for Science and one day before the People's March for Climate. Stephens was theoretically hired to bring "balance" to the
NYT's pages, with some feeling the publication had skewed too far to the "left." Others have pointed out that this kind of "balance" tends to be a fool's errand, particularly as other kinds of "balance" are ignored. Think of never having hired a woman of color as a columnist but feeling like putting this on your page is progress pic.twitter.com/QYMx3wD1Ii — Jack Mirkinson (@jackmirkinson) April 28, 2017 We can only feel sympathetic for the science editors at the
Times, one of whom decided the best defense is a good offense. It is, admittedly, a good burn. Congrats to all the tweet aggregators who will make very viral content out of all this. — Michael Roston (@michaelroston) April 28, 2017 WATCH: This NYU student went undercover as a worker in a Chinese iPhone factory
POSTED APRIL 28, 2017 5:04 PM
|Trump speaks at NRA meeting and more: April 28 in photos
The president speaks to the NRA convention; Japanese and U.S. naval ships engage in joint maneuvers; the pope meets an imam during a peace conference in Egypt.
POSTED APRIL 28, 2017 4:22 PM
|What Has Trump Done In His First 100 Days As President?
President Donald Trump completed his first 100 days in office on April 29.
POSTED APRIL 29, 2017 5:10 AM
|Father of missing boy says he's desperate to find son
LOS ANGELES (AP) — The father of a 5-year-old boy reported missing about a week ago in California has released a statement saying he is desperate to find his son, on the same day homicide detectives searched his home.
POSTED APRIL 29, 2017 1:44 AM
|Italian elected new leader of Order of Malta
A 72-year-old Italian medieval art expert was on Saturday elected to head the Order of Malta, the world's oldest chivalric order. Giacomo Dalla Torre del Tempio di Sanguinetto takes the reins for one year after Pope Francis ordered the resignation in January of the Order's Grand Master, Britain's Matthew Festing, following a power struggle. The influential Order of Malta, founded in Jerusalem and recognised by the pope in 1113, operates in around 120 countries and is one of the biggest landowners in Italy.
POSTED APRIL 29, 2017 1:37 PM
|China deports U.S. citizen convicted of espionage
China has deported a U.S. citizen who was convicted of espionage this week after being held without trial for two years, removing a source of friction between Washington and Beijing. Sandy Phan-Gillis was arrested in March 2015 while about to leave mainland China for the Chinese-ruled, former Portuguese colony of Macau. A court on Tuesday ordered her deportation after sentencing her to three-and-a-half years in prison for espionage.
POSTED APRIL 29, 2017 1:30 PM
|Man arrested in machete attack at university coffee shop
LEXINGTON, Ky. (AP) — A man armed with a machete asked about the political affiliations of people at a university coffee shop Friday morning before injuring two females in central Kentucky, a witness said.
POSTED APRIL 28, 2017 6:38 PM
|Get ready for all the wireless carriers to get worse
The last couple months have seen a welcome change in the wireless industry. Instead of massively confusing bills and data caps, we've had prices slashed across the board and unlimited data plans for all. But thanks to the unending drive for consolidation and profits, the good times aren't going to last.
During the recent 600MHz spectrum auction, which ran from the end of 2016 all the way to last week, the government imposed a "quiet rule" on carriers. They couldn't talk about the auction, their plans with any spectrum, and they couldn't talk with anyone about merging. But now that quiet time is over, it's just a matter of time until some blockbuster deals happen.
Rumors suggest that T-Mobile, Sprint, and Dish are all in talks for partnerships, acquisitions, or mergers. For Sprint, it's a fight for survival: recent financial results have been dire, and since the company didn't buy any new spectrum in the FCC's auction, the network won't see substantial improvements in the near future. SoftBank, the Japanese company that owns Sprint, has been looking for a chance to unload Sprint for years.
The most-talked-about target is Deutsche Telekom, the majority owner of T-Mobile. The idea would be to merge T-Mobile and Sprint, the third-largest and fourth-largest networks in America, to form one super-network.
Although that might lead to slightly improved coverage, it would be terrible for consumers in general. The fight between T-Mobile and Sprint for customers has led to lower prices, the ending of multi-year-contracts, and a host of other consumer-friendly moves in recent years. Losing Sprint, which offers the cheapest contracts of any of the big networks, would mean losing the one company that applies downwards pressure to prices.
The alternatives aren't much better. One of the few other companies with the money and desire to build out a US-wide cell network could be Amazon. Owning a wireless network would give Amazon direct control over delivering some of its services, like Prime Video, straight to consumers without having to go through an existing internet service provider. A wireless network could also be invaluable in the future for Amazon's drone delivery service, which would need some kind of national command-and-control network.
It's not just T-Mobile and Sprint that are rumored in merger deals, either. Dish Network, the satellite TV provider that also owns Sling TV, bought up $6 billion of spectrum at the FCC's recent auction, and now sits on one of the largest spectrum holdings in the US. It's possible that it could be bought out by a company like Comcast to build out a brand-new wireless network, or merge with an existing wireless network for further expansion. Any of those options would involve losing the country's biggest independent TV provider to a major cable company, which would be more bad news for consumers.
Analyst Tim Farrar sees a combination of all these scenarios being the logical option: a three-way deal between T-Mobile, Amazon and Dish to build out a new network, using T-Mobile's new spectrum and Dish's spectrum holdings. Using Amazon's capital, they could quickly build out a fast and wide-reaching network with brand-new technology, which could be used by T-Mobile for cell service, by Dish for internet TV, and by Amazon for world domination/any of Jeff Bezos's pet projects.
The bottom line is that the status quo isn't here to stay. Between Sprint's financial woes, T-Mobile's desire to build a giant new network at speed, and Dish's unused spectrum, it seems that a deal is likely. The only questions are when, and how badly it will affect wireless customers.
POSTED APRIL 28, 2017 3:34 PM
|Mexico approves legalising medical marijuana
Mexico’s Congress has approved the legalisation of medicinal cannabis. On Friday, the Lower House of Congress voted 371 in favour of the bill, with only 19 politicians voting against it or abstaining. The bill will now go to President Enrique Pena Nieto, who is expected to sign it.
POSTED APRIL 29, 2017 12:25 PM
|New Hamas chief to be announced soon: officials
The new leadership of Palestinian Islamist movement Hamas will be announced in the coming days, officials said Sunday, while it also prepared to unveil a new version of its charter. Ismail Haniya, until recently head of Hamas in the Gaza Strip, said the results of internal elections will be announced "in the coming days". The official said Haniya is likely to be named the new head of the movement, replacing Khaled Meshaal who lives in Doha in exile and has completed the maximum two terms in office.
POSTED APRIL 30, 2017 11:38 AM
|Philippine military says high-ranking Abu Sayyaf member killed
Philippine government troops have killed a senior member of the Abu Sayyaf rebel group instrumental in a spree of bombings and kidnappings in the country's south, the military said on Saturday. Alhabsy Misaya was killed in a shootout with marines on Friday in the province of Sulu, a stronghold of the Abu Sayyaf, a group linked to Islamic State and known for its kidnappings and beheading captives when ransom demands are not met. The military said Misaya had been involved in violent activities for more than 15 years and was "considered to be one of the most notorious kidnappers in the southern Philippines".
POSTED APRIL 29, 2017 3:17 AM
|Tad Cummins' Wife Feels Betrayed By Elizabeth Thomas
Tad, who is accused of kidnapping his teenage student, was arrested mid-April.
POSTED APRIL 30, 2017 1:39 AM
|Karl: If Trump has learned how hard his job is, that may be 100-day 'accomplishment worth celebrating'
ABC News' Jonathan Karl shares some closing thoughts about Trump's statement this week that he "thought it would be easier" being president.
POSTED APRIL 30, 2017 11:52 AM
|The Highs and Lows of President Donald Trump's First 100 Days in Office
The milestone was first conceived by President Franklin D. Roosevelt
POSTED APRIL 28, 2017 5:20 PM
|12 hazing complaints since 2014 confirmed at Marine base
BEAUFORT, S.C. (AP) — Officials at the Marine Corps' training base in South Carolina say half of 24 hazing complaints investigated since 2014 have been confirmed.
POSTED APRIL 29, 2017 8:41 PM
|Iran satellite TV head shot dead in Istanbul: Dogan news
The head of an Iranian satellite television network who last year was sentenced in absentia to six years in prison by a Tehran court was shot dead in Istanbul together with a business partner, Turkey's Dogan news agency said on Sunday. GEM TV founder Saeed Karimian and an associate were driving in Istanbul's Maslak neighborhood after 8 p.m. (1.00 p.m. ET) on Saturday when their car was blocked by a jeep and shots were fired, Dogan said. Karimian was found dead by emergency services arriving at the scene, Dogan said.
POSTED APRIL 30, 2017 11:03 AM
|Two members of alt-right accused of making white supremacist hand signs in White House after receiving press passes
Two conservative journalists have sparked outcry on social media by making what some have interpreted as a white supremacist hand symbol at a recent visit to the White House. “Just two people doing a white power hand gesture in the White House,” Fusion senior reporter Emma Roller tweeted, alongside a screenshot of the picture.
POSTED APRIL 29, 2017 12:46 PM
|SpaceX to launch classified US govt payload Sunday
SpaceX on Sunday is scheduled to make its first military launch, with a classified payload for the National Reconnaissance Office, which makes and operates spy satellites for the United States. A SpaceX Falcon 9 rocket is poised to blast NROL-76 into space from Cape Canaveral, Florida during a two-hour launch window which opens Sunday at 7 am (1100 GMT). About 10 minutes after launch, the tall portion of the rocket, known as the first stage, will power its engines and fly back toward Earth to make a controlled landing on solid ground at SpaceX's Landing Zone 1 at Cape Canaveral.
POSTED APRIL 28, 2017 3:52 PM
|Venezuela formally notifies OAS it will leave amid protests
CARACAS, Venezuela (AP) — Venezuela formally notified the Organization of American States on Friday of its intention to leave the regional body amid sometimes violent protests at home and international calls for its embattled government to hold delayed elections and release prisoners.
POSTED APRIL 28, 2017 10:52 PM
|NATO could boost Afghanistan mission: Stoltenberg
NATO is considering boosting its troop strength again in Afghanistan, where it is helping the military in the fight against Islamist insurgents, chief Jens Stoltenberg told a German newspaper Sunday. Given the "challenging" security situation, the 28-nation alliance was weighing an increase of the personnel of its "Resolute Support" train, assist and advise mission from about 13,000 now, he told the Welt am Sonntag newspaper. NATO expected to make a decision by June on the possible troop increase and on whether to lengthen the time frame of the deployments which are now renewed annually, he was quoted as saying.
POSTED APRIL 30, 2017 10:29 AM
|5 Things To Know About The Military Diet
Dieters must exhibit a high level of self-restraint in order to survive the 72 hours.
POSTED APRIL 29, 2017 2:00 PM
|How hard is Apple’s stock going to crash?
Another day, another analyst shouting BUY BUY BUY on Apple's stock, based on the upcoming iPhone 8 launch. This week, Credit Suisse analyst Kulbinder Garcha raised his estimate for the firm's stock price to $170, based on his belief that "pent-up demand" for a new iPhone will create a "supercycle" of upgrades, sending Apple's profits into the stratosphere and investors into a tizzy.
No-one's denying that Apple is going to make a dumpster-truck of money on the iPhone 8, and will continue being the world's greatest smartphone company, etcetera. But the size of the iPhone 8 launch, and the company's current valuation, is still being blown way out of proportion.
Cast your mind back to November 2016: a simpler time, when we didn't know Donald Trump would be President, and Apple's stock was trading at $104. Today, it's at $143, and supposed to go to $170. Between then and now, the only significant thing that's changed is a bunch of rumors about the upcoming iPhone 8 launch. But somehow, based on that, Apple's perceived value has risen by over $250 billion and counting.
Sure, Apple's services sectors are doing well, and Trump's tax plans could be more friendly to Apple. But analysts still seem to be betting that the iPhone 8 will create at least $100 billion in extra value over a "boring" iPhone launch.
Let's put that in perspective. The iPhone 6 and 6 Plus launch, the last major iPhone refresh, saw Apple sell 300,000 more iPhones than the year before. During Q4 2016, the quarter in which Apple launched the iPhone 7, Apple collected $11 billion in net income.
If the analyst's prediction is right and Apple's stock rises to $170, that puts Apple's market cap at nearly $900 billion. It was $585 billion in November 2016, which means that between November last year and the iPhone 8 launch, Apple will be $300 billion more valuable.
So, the conclusion is one of these:
- Pre-November last year, analysts and the stock market were undervaluing Apple by hundreds of billions of dollars, or;
- The iPhone 8 and more iTunes sales are going to create $300 billion in extra value, or;
- The current valuation of Apple is insane and based on gut feel and hype, rather than a sane economic valuation of the company.
To be clear, I still think that Apple's stock is going to go up when the iPhone 8 launches, and the company will remain in rude health for years. But a stock price and a market valuation isn't meant to be an arbitrary number that goes up and down, based on on quarterly results: it's meant to represent the value of a company, taking into account current assets, profits, and future perspectives. Unless Apple's entire future has got 60% better in the last year, analysts are guessing, rather than analyzing anything.
POSTED APRIL 28, 2017 5:46 PM
|John Kasich raises 'taking out' top North Korean leaders
With that bold assertion, Gov. John Kasich (R) of Ohio raised a controversial argument for American action aimed at neutralizing the North Korean nuclear threat. “An ability to remove a number of the top people, and have a more benign leadership there that understands what’s at risk, I think is perhaps doable,” Governor Kasich told reporters Friday at a breakfast hosted by The Christian Science Monitor. Kasich – the final competitor against Donald Trump for the Republican presidential nomination in 2016 – has not fully closed the door to running again in 2020, one more reason that his views on policy command an audience.
POSTED APRIL 28, 2017 4:08 PM
|Facebook Killer Promised Girlfriend He'd Change in Messages He Left Before Murder
Joy Lane shared the messages with Inside Edition.
POSTED APRIL 28, 2017 5:47 PM