Apple Issues Profit Warning, Cuts Revenue Outlook By $9 Billion Amid Pricey iPhone Sales Drop

tomorrow’s prices Apple CEO Tim Cook issued the Silicon Valley company’s first profit warning in 16 years, knocking $9 billion off its revenue outlook for the December quarter blaming the drop in iPhone sales on China’s slowing economy and consumers savvy-ness rather than on years of price gouging and the lack of product innovation. (Photo … Read more Apple Issues Profit Warning, Cuts Revenue Outlook By $9 Billion Amid Pricey iPhone Sales Drop

Nordstrom to drop Ivanka Trump’s clothing, accessories line

SEATTLE (AP) — Nordstrom said Thursday it will stop selling Ivanka Trump clothing and accessories. The Seattle-based department store chain said the decision was based on the sales performance of the first daughter’s brand, The Seattle Times reported (https://goo.gl/lPk2F5 ). The move comes amid a weekslong campaign known as “Grab Your Wallet,” which has been … Read more Nordstrom to drop Ivanka Trump’s clothing, accessories line

Modi’s demonetisation hits diamond traders, imports drop 4.7% YoY in December; jewellers demand sops in Budget 2017

India’s rough diamond imports fell 4.7 percent in December from a year ago to $1.398 billion, a trade body said on Tuesday, as the scrapping of high value currency notes forced many small polishing units to idle their units. India is a global diamond polishing hub where 14 out of every 15 rough diamonds in … Read more Modi’s demonetisation hits diamond traders, imports drop 4.7% YoY in December; jewellers demand sops in Budget 2017

India gold premiums drop on subdued demand; China premiums hit near 3-year high

AOJ E-NEWS : n India, the world’s No. 2 gold consumer, premiums dropped due to subdued demand after the government scrapped high-value notes. Cash crunch was forcing retail consumers to trim purchases, while jewellers were waiting for prices to fall next month, traders said. Dealers charged a premium of up to $3 an ounce on … Read more India gold premiums drop on subdued demand; China premiums hit near 3-year high