Apple is 1st Public US Company to be Valued at $1 Trillion

Apple made history Thursday when it became the first publicly listed U.S. company to be valued at $1 trillion.

The tech giant’s share price climbed well over 2 percent in mid-session trading, boosting it about 9 percent higher since Tuesday, when it announced better-than-expected second-quarter earnings and a buyback of $20 billion worth of its own shares.

The Silicon Valley company’s stock has skyrocketed more than 50,000 percent since it went public in 1980, greatly exceeding the S&P 500’s impressive 2,000 percent gain during the same period.

Apple’s success was fueled in large part by its iPhone, which transformed it from a niche player in the burgeoning personal computer sector into a global technological powerhouse.

The company was co-founded by the late Steve Jobs, a product innovator who helped prevent the company’s collapse in the late 1990s.

As the company’s market value climbed over the decades, it revolutionized how consumers communicate with each other and how companies conduct business on a daily basis.

 

From: MeNeedIt

Apple is 1st Public US Company to be Valued at $1 Trillion

Apple made history Thursday when it became the first publicly listed U.S. company to be valued at $1 trillion.

The tech giant’s share price climbed well over 2 percent in mid-session trading, boosting it about 9 percent higher since Tuesday, when it announced better-than-expected second-quarter earnings and a buyback of $20 billion worth of its own shares.

The Silicon Valley company’s stock has skyrocketed more than 50,000 percent since it went public in 1980, greatly exceeding the S&P 500’s impressive 2,000 percent gain during the same period.

Apple’s success was fueled in large part by its iPhone, which transformed it from a niche player in the burgeoning personal computer sector into a global technological powerhouse.

The company was co-founded by the late Steve Jobs, a product innovator who helped prevent the company’s collapse in the late 1990s.

As the company’s market value climbed over the decades, it revolutionized how consumers communicate with each other and how companies conduct business on a daily basis.

 

From: MeNeedIt

Apple is 1st Public US Company to be Valued at $1 Trillion

Apple made history Thursday when it became the first publicly listed U.S. company to be valued at $1 trillion.

The tech giant’s share price climbed well over 2 percent in mid-session trading, boosting it about 9 percent higher since Tuesday, when it announced better-than-expected second-quarter earnings and a buyback of $20 billion worth of its own shares.

The Silicon Valley company’s stock has skyrocketed more than 50,000 percent since it went public in 1980, greatly exceeding the S&P 500’s impressive 2,000 percent gain during the same period.

Apple’s success was fueled in large part by its iPhone, which transformed it from a niche player in the burgeoning personal computer sector into a global technological powerhouse.

The company was co-founded by the late Steve Jobs, a product innovator who helped prevent the company’s collapse in the late 1990s.

As the company’s market value climbed over the decades, it revolutionized how consumers communicate with each other and how companies conduct business on a daily basis.

 

From: MeNeedIt

Apple is 1st Public US Company to be Valued at $1 Trillion

Apple made history Thursday when it became the first publicly listed U.S. company to be valued at $1 trillion.

The tech giant’s share price climbed well over 2 percent in mid-session trading, boosting it about 9 percent higher since Tuesday, when it announced better-than-expected second-quarter earnings and a buyback of $20 billion worth of its own shares.

The Silicon Valley company’s stock has skyrocketed more than 50,000 percent since it went public in 1980, greatly exceeding the S&P 500’s impressive 2,000 percent gain during the same period.

Apple’s success was fueled in large part by its iPhone, which transformed it from a niche player in the burgeoning personal computer sector into a global technological powerhouse.

The company was co-founded by the late Steve Jobs, a product innovator who helped prevent the company’s collapse in the late 1990s.

As the company’s market value climbed over the decades, it revolutionized how consumers communicate with each other and how companies conduct business on a daily basis.

 

From: MeNeedIt

WHO Quick-Starts Efforts to Tackle New Ebola Outbreak in Congo

The World Health Organization says expert staff and equipment have been sent to northeastern Democratic Republic of Congo to quick-start the process of combating a new outbreak of Ebola.The last outbreak of this fatal virus in Congo was declared over just a week ago.

Ebola is a constant threat in the Democratic Republic of Congo as the virus thrives in heavily forested areas. This latest outbreak is the 10th since the first one was discovered in 1976.

The World Health Organization says this new outbreak in North Kivu province is 2,500 kilometers away from Equateur Province, the site of the previous outbreak, and there is no link between the two.

WHO spokesman Tarik Jasarevic says the DRC Ministry of Health informed WHO Wednesday that four of six samples taken in North Kivu tested positive for Ebola virus.

He says it is crucial to gain access to the area as quickly as possible.He says having people and material in the country from the outbreak in Equateur is very helpful in tackling the outbreak.

“We really need to get into the area to do epidemiological investigations, try to find cases, try to work with health workers, to strengthen infection prevention and control measures and also to start with the contact tracing,” he said. “It is, on the other hand, worrying that this area is a conflict zone.It is an area with lots of displacement, so the access can be hampered in that way.”

The virus was discovered in a village near the city of Beni in North Kivu, which hosts more than one million displaced people. The province shares borders with Rwanda and Uganda, with a lot of cross border movement due to brisk trade.

Jasarevic says WHO will work with these neighboring countries to try to prevent the virus from crossing over.

He says identifying the type of Ebola virus that is circulating is a priority, as that will tell scientists whether the vaccine used to help contain the outbreak in Equateur province can also be used in North Kivu.

From: MeNeedIt

WHO Quick-Starts Efforts to Tackle New Ebola Outbreak in Congo

The World Health Organization says expert staff and equipment have been sent to northeastern Democratic Republic of Congo to quick-start the process of combating a new outbreak of Ebola.The last outbreak of this fatal virus in Congo was declared over just a week ago.

Ebola is a constant threat in the Democratic Republic of Congo as the virus thrives in heavily forested areas. This latest outbreak is the 10th since the first one was discovered in 1976.

The World Health Organization says this new outbreak in North Kivu province is 2,500 kilometers away from Equateur Province, the site of the previous outbreak, and there is no link between the two.

WHO spokesman Tarik Jasarevic says the DRC Ministry of Health informed WHO Wednesday that four of six samples taken in North Kivu tested positive for Ebola virus.

He says it is crucial to gain access to the area as quickly as possible.He says having people and material in the country from the outbreak in Equateur is very helpful in tackling the outbreak.

“We really need to get into the area to do epidemiological investigations, try to find cases, try to work with health workers, to strengthen infection prevention and control measures and also to start with the contact tracing,” he said. “It is, on the other hand, worrying that this area is a conflict zone.It is an area with lots of displacement, so the access can be hampered in that way.”

The virus was discovered in a village near the city of Beni in North Kivu, which hosts more than one million displaced people. The province shares borders with Rwanda and Uganda, with a lot of cross border movement due to brisk trade.

Jasarevic says WHO will work with these neighboring countries to try to prevent the virus from crossing over.

He says identifying the type of Ebola virus that is circulating is a priority, as that will tell scientists whether the vaccine used to help contain the outbreak in Equateur province can also be used in North Kivu.

From: MeNeedIt

WHO Quick-Starts Efforts to Tackle New Ebola Outbreak in Congo

The World Health Organization says expert staff and equipment have been sent to northeastern Democratic Republic of Congo to quick-start the process of combating a new outbreak of Ebola.The last outbreak of this fatal virus in Congo was declared over just a week ago.

Ebola is a constant threat in the Democratic Republic of Congo as the virus thrives in heavily forested areas. This latest outbreak is the 10th since the first one was discovered in 1976.

The World Health Organization says this new outbreak in North Kivu province is 2,500 kilometers away from Equateur Province, the site of the previous outbreak, and there is no link between the two.

WHO spokesman Tarik Jasarevic says the DRC Ministry of Health informed WHO Wednesday that four of six samples taken in North Kivu tested positive for Ebola virus.

He says it is crucial to gain access to the area as quickly as possible.He says having people and material in the country from the outbreak in Equateur is very helpful in tackling the outbreak.

“We really need to get into the area to do epidemiological investigations, try to find cases, try to work with health workers, to strengthen infection prevention and control measures and also to start with the contact tracing,” he said. “It is, on the other hand, worrying that this area is a conflict zone.It is an area with lots of displacement, so the access can be hampered in that way.”

The virus was discovered in a village near the city of Beni in North Kivu, which hosts more than one million displaced people. The province shares borders with Rwanda and Uganda, with a lot of cross border movement due to brisk trade.

Jasarevic says WHO will work with these neighboring countries to try to prevent the virus from crossing over.

He says identifying the type of Ebola virus that is circulating is a priority, as that will tell scientists whether the vaccine used to help contain the outbreak in Equateur province can also be used in North Kivu.

From: MeNeedIt

WHO Quick-Starts Efforts to Tackle New Ebola Outbreak in Congo

The World Health Organization says expert staff and equipment have been sent to northeastern Democratic Republic of Congo to quick-start the process of combating a new outbreak of Ebola.The last outbreak of this fatal virus in Congo was declared over just a week ago.

Ebola is a constant threat in the Democratic Republic of Congo as the virus thrives in heavily forested areas. This latest outbreak is the 10th since the first one was discovered in 1976.

The World Health Organization says this new outbreak in North Kivu province is 2,500 kilometers away from Equateur Province, the site of the previous outbreak, and there is no link between the two.

WHO spokesman Tarik Jasarevic says the DRC Ministry of Health informed WHO Wednesday that four of six samples taken in North Kivu tested positive for Ebola virus.

He says it is crucial to gain access to the area as quickly as possible.He says having people and material in the country from the outbreak in Equateur is very helpful in tackling the outbreak.

“We really need to get into the area to do epidemiological investigations, try to find cases, try to work with health workers, to strengthen infection prevention and control measures and also to start with the contact tracing,” he said. “It is, on the other hand, worrying that this area is a conflict zone.It is an area with lots of displacement, so the access can be hampered in that way.”

The virus was discovered in a village near the city of Beni in North Kivu, which hosts more than one million displaced people. The province shares borders with Rwanda and Uganda, with a lot of cross border movement due to brisk trade.

Jasarevic says WHO will work with these neighboring countries to try to prevent the virus from crossing over.

He says identifying the type of Ebola virus that is circulating is a priority, as that will tell scientists whether the vaccine used to help contain the outbreak in Equateur province can also be used in North Kivu.

From: MeNeedIt

US Farmers Want ‘Trade Not Aid’

The rolling fields of green soybean plants growing on Fred Grieder’s Illinois farm would be a welcome sign most years … an indicator of a promising harvest in the fall.

But this isn’t most years.

Tariffs are turning away potential customers overseas, and Grieder estimates he could lose around $100 an acre if the trade war continues.

“It’s a squeeze,” he told VOA from his farm outside Bloomington, Illinois.

​Lose $100, get $14 in aid

It’s a squeeze the Trump administration has acknowledged, prompting the U.S. Department of Agriculture to plan a $12 billion aid package to help farmers like Grieder.

“If you take the $12 billion, assuming it will all go to beans, which it won’t, and divide that by our planted acreage, that’s about $14 an acre” in government aid, he said.

Grieder says the aid does not even come close to making up for the $100 loss per acre he expects.

Since May, the price per bushel for soybeans has dropped almost 20 percent over the escalating trade war between the United States and China. Tariffs threaten to cut off important export markets, cutting into profits even as U.S. farmers brace for a fifth year of declining farm income.

It’s not that Grieder isn’t grateful for the aid package, but he says he would just rather have “trade over aid.”

“We appreciate the fact that the USDA is concerned about us, and want to make us whole,” he explained. “But the reality is the numbers, in a large trade war like this, are overwhelming.”

Man-made disaster

“This is not a natural disaster; this is a man-made disaster. It’s not an act of God, some would call it an act of foolishness,” said Mark Albertson, director of strategic market development for the Illinois Soybean Association.

Albertson said he believes the trade dispute with China is a greater threat to farmers than the drought of 2012.

“We had mechanisms in place to deal with that, and we always knew that the very next year we would be able to plant our crops again and hope for the best. In this case, we don’t know that,” he said. “We don’t know what the next year brings. We don’t have necessarily hope of the trade war going away very soon, and it looks like Brazil is all too eager to take away our market share with China.

“If they get used to purchasing more and more Brazilian soybeans, that spells bad news for us. That’s the overall concern, and an aid package does nothing to solve that problem,” Albertson said.

​Biggest worry: Competitors

It’s also farmer Grieder’s biggest concern.

“Brazil, one of our largest competitors, they are always expanding,” he said. “So this could affect our markets years down the road, and I’m probably more worried about that than I am the short wash out here.”

Albertson said another major challenge is what to do with the soybeans that can’t be sold.

“It looks like we may end up putting a record amount of soybeans in storage, and when that happens, we know from history the prices will go south,” he added.

As the trade war continues, Grieder’s routine remains the same. He hopes strong global demand for soybeans outside China will make up for decreasing prices. He’s waiting to see if President Donald Trump’s trade tactics will work before permanent damage is done to the reputation — and reliability — of U.S. grain products.

“I support what he’s trying to do. I can’t say that I support his methods,” Grieder said.

From: MeNeedIt