) Shares in the tech giant tumbled 6.4 per cent over two days this past week, wiping US$190 billion from its market capitalization, following news Beijing ordered some central government employees in recent weeks to stop using iPhones at work. But several Wall Street analysts on Friday said the selloff was overdone, saying any revenue hit for Apple would likely be small due to the phone’s popularity in China.
, RBC Direct Investing Inc. has notified do-it-yourself investors that they now have access to high-interest-savings-account exchange-traded funds, a group of third-party investment products it had previously banned for almost a decade.Nominal interest rates are not going back below 3 per cent for the foreseeable future,
. These long-term rates may go down to 3 per cent if there is a recession, but in the long run, they will exceed that by a wide margin. He explains why, and what it may mean for stock market performance.A potential U.S. government shutdown at the end of September could add to worries about the economy going into year-end and beyond, investors said. Past shutdowns’ impact on U.S. stocks has been slight. Butthat investors might be more sensitive to a shutdown this time around.