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Thursday Recap: Stocks Rally, Shaking Off Fed’s Rate Hike
The Wall Street Journal1d agobullish
Thursday Recap: Stocks Rally, Shaking Off Fed’s Rate Hike

Major stock-market indexes rallied, reversing the declines that followed the Federal Reserve’s interest-rate hike Wednesday. Chip stocks rallied. The PHLX Semiconductor Index rose 3.1% after comments from Intel Chief Executive Lip-Bu Tan about soaring memory prices.

Can Apple Stock's Premium Survive The Memory Squeeze On Its Margin?
Trefis7d agoneutral
Can Apple Stock's Premium Survive The Memory Squeeze On Its Margin?

Apple (AAPL) is selling iPhones and Macs faster than it can build them, but the number a holder should fear most is the gross margin underneath those sales. Leaving out tariff refunds, that margin fell in the June quarter and is guided lower again for the September quarter. Management puts both steps down to rising memory prices, while the stock's price-to-earnings multiple sits near the top of its 10-year range.

The U.S.-China Worry List: Here’s What Could Rattle the Fragile Detente
Barrons.com10d agoneutral
The U.S.-China Worry List: Here’s What Could Rattle the Fragile Detente

Chinese leader Xi Jinping and President Donald Trump are set to meet later this month in yet another bid to stabilize the relationship—and extend a a truce struck last fall. The planned Sept. 24 meeting in Washington D.C., which Beijing has still yet to confirm, will mark Xi’s first trip to the capitol in more than a decade. It follows Trump’s trip to Beijing last May, when the two dialed down tensions following months of tariff threats and, among other things, export restrictions.