Nakednews.com- Wednesday January 28 2015
Nakednews.com- Wednesday January 28 2015
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I_m Eila Adams and you_re tuned in to NAKED NEWS Katherine Curtis has been tracking some of the BIGGEST stories from around the globe including RECORD results from Apple mixed economic news in the US and MORE bad news for Russia. Eila Apple has just announced the biggest revenue quarter of any US company EVER They had a record 74.6 billion dollars in revenue and a record 18 BILLION in net profit. Those numbers FAR surpassed ANY analysts expectations. So what led to the surge? iPhone sales of course. The company_s new larger-screen 6 and 6 Plus models were flying off the shelves. Apple sold more than 74 million of them worldwide in the quarter. And the momentum should keep going for a while because their highly anticipated iWatch is set for release this April.The forecast isn_t quite as sunny on the US economic front. Business investment spending has dropped for a fourth consecutive month. Economists say it could be a sign that slowing worldwide growth might finally be having an impact stateside. A strengthening American dollar has also made US exports more expensive. However it isn_t ALL bad news. Consumer attitudes remain upbeat and December saw home sale hit their highest levels since June 2008.And in Russia things are going from bad to worse. Rating agency Standard and Poor_s has just downgraded the country_s credit rating to junk status Half of Russia_s government earnings come from oil and gas exports. And with oil prices falling at staggering rates the nation has been pushed to the brink of recession. The S&P rating cut will make it much harder and pricier for Moscow to borrow money. Meanwhile the Russian ruble has hit all-time lows losing more than forty percent of its value against the US dollar. That_s sparked concern that Russia is on the verge of a full-blown financial crisis. From the Naked Newsroom I_m Katherine Curtis.
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