BUSINESS

Apple stock has finally reached the $100 mark since the CEO Tim Cook announced a stock split last June. Morgan Stanley remains bullish on AAPL shares as analysts advise investors that now is a good time to buy shares.

More record prints for the S&P as it's now within eight points of 2000, a psychological milestone.

In US economic data, weekly claims for unemployment insurance fell by 14,000 to 298,000, below forecasts for a result near300,000.

The Australian Tax Office has finally released its official guidelines for the tax treatment of Bitcoin in Australia. Industry experts believe Bitcoin consumers will be the most affected with the tax rule.

The winning streak continued with shares hitting fresh six-year highs, rising for a third day and remaining above the key 5600pt level. The All Ordinaries Index (XAO) improved by a modest 0.1 per cent despite mixed performances from global markets overnight. The US economy expanded at a faster than expected 4 per cent annual pace in the June quarter, while comments by the US central bank relating to inflation has increased the market's expectations of an earlier rate rise. The default of Arge...

Vodafone Hutchison Australia will buy from Ericsson millions of dollars worth of equipment as the giant telco builds a new core network as it moves toward the creation of the country's newest mobile service.

Australian Muslim leaders dismissed the proposed terrorism law.

Due to the sheer size of the initial public offering (IPO) of Chinese e-commerce giant Alibaba Group Holding (BABA) in New York in September, other companies planning public listing had postponed their launches.

The Australian share market has continued to build on recent gains on Thursday. The positive tone in early trade was informed by gains on Wall St overnight which stemmed from the release of the minutes from the most recent US Federal reserve meeting. The minutes suggested that FOMC members had been encourage by recent developments in the US economy, particularly in the jobs market. A the same time members indicated that more evidence was required before an increase in interest rates was warrante...

There is still a lot of gloom being written about in the financial world. We are hearing about mass over valuations, that the ease of credit is going to create bubbles, and that global economies are teetering on the edge of disaster.

According to minutes from the last Federal Reserve meeting some members were encouraged by recent developments: "Labor market conditions had moved noticeably closer to those viewed as normal in the longer run." But then the report noted: "Most Fed policymakers wanted more evidence before changing rate views."

More small business owners n the US claim that their present financial situation has improved but remains negative on their prospect for 2015. This was the finding of the latest Wells Fargo/Gallup Small Business Index which found that the overall Small Business Index score increased slightly to positive 49 (+49) in July.

Justin Bieber's misbehaving ways continue to haunt the Canadian singer. On Tuesday, shareprices of scent maker Elizabeth Arden tumbled down 24 per cent for its fourth quarter, while sales plummeted 28.4 per cent from the past 12 months to $191.7 million.

By the end of the day, the ASX 200 (XJO) both finished 0.19% up 10.8 points at 5637.6. US consumer prices rose only 0.1% in July, just below expectations. Housing starts up by 15.7% at 1.093 Million annual rate for July, well above the forecasted 969,000. US shares finished with solid gains, the Dow and S&P 500 up 0.5% and the Nasdaq up 0.4%. Iron ore and steel prices continue to fall in China, with traders unimpressed by the Chinese government's efforts to boost construction demands.

For the first time ever in the history of the Roman Catholic church, its pontiff, currently Pope Francis, has supported military intervention if only to stop the senseless crusade of the Muslim militant ISIS against Christians in Iraq.

Canada has issued a travel alert warning people going to the Caribbean to protect themselves against the Chikungunya disease now spreading in the region.

The momentum in equities has continued with further gains through European and US trade. It seems investors are still responding to downgraded geopolitical risk, with a further kicker coming from signs of improvement in the US housing market. Heading into the FOMC minutes I thought we'd actually see a bit of caution being exercised, particularly considering the developments from the last meeting where Philadelphia Fed President Charles Plosser dissented.

In US economic data, both headline and core measures of consumer prices rose just 0.1% in July, just below forecasts. Housing starts rose by 15.7% to a 1.093 million annual rate in July, well above forecasts centred on a result near 969,000. And weekly chain store sales were up 3.7% on a year earlier, down from 4.8% in the previous week.

Russia on Tuesday renewed demands that Ukraine release the records of communications between its air traffic control and the Malaysian Airlines MH17 before it was shot down over its turbulent eastern region. A month after the tragic incident occurred, the Kiev government still has yet to disclose such records.

Chinese budget aircraft carrier Spring Airlines has been slapped with a lawsuit by two men and a woman after the airline rejected them because they were HIV positive.

Liberia's military troops have been given explicit orders to shoot people trying to cross the border from Ebola-afflicted neighbour Sierra Leone.

Another study confirmed Australia's high-quality of life after the city of Melbourne was named on Tuesday by the Economic Intelligence Unit's yearly Liveability Survey as the most liveable city in the world. It is the fourth consecutive year that Melbourne was recognised as the best city in the world where to live.

Coca-Cola is a drink that anyone can not resist, not knowing its effects on health. It is a challenge for parents to let their children minimize drinking it.

The impending release of the iPhone 6 has caused the popularity of Apple's stock to surge as closely watched hedge funds managers "feasted" on the stock. According to Forbes, analysts had observed an increase in the demand for Apple stock.

The winning streak continued with shares hitting fresh six-year highs, rising for a third day and remaining above the key 5600pt level. The All Ordinaries Index (XAO) improved by a modest 0.1 per cent despite mixed performances from global markets overnight. The US economy expanded at a faster than expected 4 per cent annual pace in the June quarter, while comments by the US central bank relating to inflation has increased the market's expectations of an earlier rate rise. The default of Arge...

European telecommunication companies are on a buying mode, and they are targeting telcos in North and South America.

Three U.S. agencies pledged stricter cooperation to provide communities with more housing choices, make transportation systems more efficient and reliable, and create vibrant neighborhoods that attract business development and jobs while protecting the environment.

Equities extended their gains in overnight trade as investors responded to downgraded geopolitical risk. Russia and Ukraine are reportedly progressing talks to end the conflict, while Iraq is making progress against the militants. The economic calendar was relatively light, but positioning is likely to start gearing up as we head towards the business end of the week. The US dollar will be the main point of focus with the FOMC meeting minutes and Jackson Hole taking centre stage. Any indications ...

Australian Prime Minister Tony Abbott normally shuns anything that had to do with political acts of nemesis, former Prime Minister Julia Gillard. But not for the uranium deal with India, which Mr Abbott is expected to ink an agreement in his next visit to the Asian giant.