NEW YORK -- Silicon Valley giants have become a gargantuan force on Wall Street, as demonstrated by Apple recently topping $1 trillion in stock-market valuation. But should we fear that a new tech bubble is ready to burst? Apple hits historic $1-trillion stock market valuation LOOK BACK: Apple's road to a $1 trillion enterprise Here are some questions and answers about the sector: WHAT DOES THE TECH SECTOR REPRESENT ON WALL STREET? Apple ended the formal trading week worth a history-making $1 trillion. Meanwhile, 4 other tech firms rounded out a list of the 5 most valuable companies based on share prices. Amazon was worth $889 billion; Google-parent Alphabet was valued at $856 billion; Microsoft weighed in at $828 billion, and Facebook was valued at $513 billion. Together, these companies account for about 20 percent of US GDP, and more than Germany's GDP. Combined, the tech stocks account for more than 25 percent of the value of the Standard & Poor's 500, the index that … [Read more...] about News As Apple tops $1 trillion, is a new tech bubble ready to burst?
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ROME: Italy was Wednesday awaiting the president's decision on whether to approve little-known lawyer Giuseppe Conte as prime minister to lead a populist, eurosceptic government which is already causing unease in Brussels. The anti-establishment Five Star Movement and the far-right League nominated Conte, 54, to head a coalition government in a bid to end two months of political deadlock following March's inconclusive general election. President Sergio Mattarella hosted the speakers of the lower house and the Senate on Tuesday to discuss Conte's nomination. The head of state has to agree to the parties' candidate and ministerial team before they can seek approval for the new government in parliament. Italian media said the president could make an announcement on Wednesday. Mattarella's endorsement would take the two parties a step closer to setting up a eurosceptic, anti-austerity government in the eurozone's third-biggest economy. Five Star leader Luigi Di Maio and League chief Matteo … [Read more...] about Italy awaits president’s decision on new PM for eurosceptic government
caption President Donald Trump source Kevin Lamarque/Reuters President Donald Trump said his new tariffs on China and metals would boost the US economy. A study by the Tax Foundation found the tariffs will actually hurt the US economy and cost Americans jobs. The study also found that low- and middle-income Americans would pay the highest costs from the tariffs. President Donald Trump has touted his recent decision to impost tariffs on imports of steel, aluminum, and some Chinese goods as a way to support American workers and invigorate the US economy. But a new study by the conservative-leaning Tax Foundation found that not only would Trump’s new tariffs actually damage the US economy, they would also cost tens of thousands of American jobs over time. The Tax Foundation’s Kyle Pomerleau and Erica York on Thursday released their report on the tariffs. “Our analysis finds that … [Read more...] about New study shows Trump’s massive tariffs will hurt the economy and cost 79,000 US jobs
By Ellen Hale The Associated Press Fri., April 6, 2018 LAYA, Bhutan—Prayer flags whip in the wind, flying across steep valleys and roads. Buddhist temples, stupa shrines and majestic fortresses called zhongs dot the landscape. Giant water-powered prayer wheels spin from tumbling falls. Farmers tend yaks. Never conquered, never colonized, tiny Bhutan retains much of its deep and ancient culture. But it’s attempting to chart a unique path in today’s world: Modernize and democratize without sacrificing independence, culture or its pristine mountains and forests. It’s also taken a unique approach to tourism, promoting itself as an “exclusive” destination through “high value, low impact” tourism. Tourists can only visit by booking through licensed tour operators with packages that cost $200 to $250 (U.S.) a day, depending on the season. Some of that money is earmarked by the government for health care, free schools and … [Read more...] about In Bhutan, gross national happiness more important than GDP
Vocabulary: accumulation : increasing over time as more and more is added - การเก็บสะสม, การพอกพูน, การรวมตัวกันมากขึ้น, การเพิ่มจำนวนมากขึ้น, achieve : to succeed in doing something very good or difficult - บรรลุผลสำเร็จ acquisition : the process of buying something; something that has been bought - การซื้อ, การได้มาซึ่งการเข้าถือสิทธิ์ advance (verb): … [Read more...] about What’s new in business news: March 5, 2015