Apple shares have fallen 12% at the start of US trading as investors took flight after the world's largest company reported weaker-than-expected iPhone sales.
President Barack Obama signed into law the ‘fiscal cliff' bill on Wednesday 2 January 2013 designed to prevent the country rolling out sharp spending cuts and sweeping tax rises.
We believe 2013 is shaping up positively for global equity income investors after the New Year's Day Tax Agreement by US politicians which partly resolved the fiscal cliff.
Veteran investor Warren Buffett has said US banks have strengthened their capital positions to a level where they no longer pose a threat to the economy.
Bob Doll, chief equity strategist at Nuveen Asset Management, has made ten predictions for 2013, warning the political process in Washington D.C. surrounding the fiscal cliff is the most immediate risk.
Pioneer Investments has appointed David Glazer to the newly-created role of global equities portfolio manager, based in Boston.