Wall Street - Iraq Bulletin

Apple surpasses $3 trillion market cap, a historic milestone

adminJuly 1, 2023July 1, 2023

July 1, 2023July 1, 2023

Apple Inc. made history yet again, achieving a market capitalization of $3 trillion on Friday, marking another significant milestone in the company’s growth. This is a testament to the robust investor confidence in Apple’s diverse portfolio of products and services, despite recent warnings from the company of potential revenue declines.......

Business

Carl Icahn on the defensive as Hindenburg Research alleges overvaluation

adminMay 3, 2023May 3, 2023

May 3, 2023May 3, 2023

Carl Icahn, the activist investor known for instigating corporate confrontations, has recently become a target himself. Hindenburg Research, a notorious short-selling research firm, disclosed a short call against Icahn’s investment outfit, stirring up considerable criticism for the veteran investor. The announcement resulted in a steep fall in Icahn Enterprises LP’s......

Business

CEO of JPMorgan says it is too soon to declare victory over inflation

EditorFebruary 9, 2023

February 9, 2023

JPMorgan Chase & Co.‘s CEO Jamie Dimon cautioned against declaring victory too soon against inflation, warning the Federal Reserve might raise interest rates above 5% if prices remain “sticky.” Several Federal Reserve officials said more rate increases were on the way, though none was ready to suggest January’s strong jobs......