1. The recent decline in stock prices had Apple decline less than Exxon Mobile. During the day Apple was more valuable than Exxon Mobile.
Apple ended the day worth $346.7 billion and 348.3 billion.
Apple reported having short-term marketable securities worth $16.3 billion and long-term marketable securities worth $47.8 billion. If you add the cash, cash equivalents, short-term and long-term marketable securities, you get $76.2 billion. Apple has a AAA corporate credit rating and many websites were quoting that Apple had more cash than the US government.
2. Separately. China yuan strengthened to 6.415 to the US dollar
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Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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