Shrewd millennial investors make Apple their top stock pick

By

Apple waives developer fees for nonprofits, others in 8 additional countries
AAPL shares have been boomin the last 12 months.
Photo: Ste Smith/Cult of Mac

Millennials don’t just love Apple for the iPhone. Turns out AAPL is also their favorite stock.

A recent survey of over 734,000 portfolios from US-based investors with an average age of 31 found that Apple and Amazon are the two most popular stocks with young investors by a long shot.

By

Dashlane - finance apps
Getting your financial life in order online only pays if you keep passwords and crucial data safe with Dashlane.
Photo: CC 2.0 LendingMemo.com

Woz fires up a blockchain-powered VC firm

By

wozniak
Woz is ready to put his magic fingers to work at investing.
Photo: Reddit

Apple co-founder Steve Wozniak is ready to hop aboard the blockchain hype train with his latest venture that specializes in blockchain tech.

Equi Global, a venture capital firm powered by blockchain, revealed that Steve Wozniak is one of its co-founders and that the company is looking at 20 companies to invest in before it even launches.

Launch your cryptocurrency portfolio and more [Week’s Best Deals]

By

collage-2017-08-09
This week's best deals include lessons in the basics of cryptocurrency investing and digital marketing, along with stereo Bluetooth speakers and a massive backup battery.
Photo: Cult of Mac Deals

Summer’s drawing to a close. But the deals rolling into the Cult of Mac Store are showing no signs of slowing. This week, we’ve got a guide cryptocurrency investing for beginners started in, and a digital marketing masterclass. Additionally, we’ve got a stereo pair of portable Bluetooth speakers, and a powerful but slim backup battery. Everything is massively discounted, some by more than 90 percent. Read on for more details:

AAPL opens at new all-time high, following strong earnings report

By

What’s it like to have your startup bought by Apple? Stressful
Investors can't get enough of AAPL.
Photo: Ste Smith/Cult of Mac

Following its strong quarterly earnings call yesterday, AAPL stock has opened 6 percent up at $159 a share, representing a new all-time high valuation for Apple.

With a market cap of $830 billion, suddenly the proposed Wall Street valuation of 1 trillion dollars within the next year looks a whole lot more realistic! Why did we ever doubt it?

Warren Buffett is betting big on Apple

By

iphone stocks app
Berkshire Hathaway's investment in Apple could send the price back up.
Photo: Ste Smith/Cult of Mac

Some of the world’s biggest investors have ditched their Apple shares lately, but where others see doom and gloom Warren Buffett sees an opportunity to make some serious money. 

Warren Buffet’s legendary investment firm Berkshire Hathaway has taken a large position in Apple stock, scooping up 9.81 million shares, worth about $1.07 billion.

Intelligent app monitors your lending portfolios across multiple marketplaces

By

lending-robot-dashboard
See your LendingClub, Prosper and Funding Circle portfolios at a glance.
Photo: LendingRobot

LendingRobot today launched a pretty important mobile app for peer lenders. It’s LendingRobot Dashboard, and it lets these lenders monitor all their portfolios across three separate services: LendingClub, Prosper and Funding Circle. It’s the only mobile app available that allows investors to connect from across multiple marketplaces and see their portfolios at a glance.

Carl Icahn Says AAPL Is ‘Extremely Undervalued’ After Phone Call With Tim Cook

By

Carl Icahn is coo-coo for AAPL.
Carl Icahn is coo-coo for AAPL.
Photo: Forbes

AAPL shares rose 5.6% in value today after word came out that billionaire investor Carl Icahn thinks the company is ‘extremely undervalued.’ The stock was trading above $493 a share after 3PM ET today — a nice $26 jump up from the stock’s closing price on Monday.

Icahn revealed on Twitter that he spoke briefly with Tim Cook today about the company’s future and that he’s decided to make a large position with Apple: