Sky-High Faang Stocks Were Never Anything But Screaming Bargains
-- What explains the bull market’s ability to power on despite valuations that eclipse anything other than the dot-com bubble?Everything from passive investing to buybacks is trotted out to explain it, but the real reason is the uncanny predictability of corporate America’s earnings machine.Patience is being rewarded like at no other time. Thanks to a climb in profits that is as steady as it is steep, valuations that once made noses bleed turn out to be very reasonable when measured against inc
Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30%