Apple TAUNTED by Galaxy Note Launch and 2 Morning Hot Stocks Demanding Attention
Samsung’s (SSNLF) Galaxy Note 10.1 tablet, which boasts of a stylus and can have two apps active simultaneously on a split-screen, will launch today in the U.S., U.K. and South Korea in an effort to take market share from Apple (NASDAQ:AAPL). The high price of $499 for the 16GB+WiFi model may however, affect sales and its ultimate success.
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According to the latest report from the World Gold Council, gold consumption in Q2 fell 7 percent to 990 tons driven by India and China. This was the lowest since Q1 2010, with jewelry consumption down by 72.3 tons to 418.3 tons and investment buying down 88.3 tons to 302 tons. The Council is however optimistic that demand may still be in positive territory over the year as a whole, though that could be affected by central bank actions and economic conditions such as in India.
“Increasing costs and falling commodity prices,” a fallout of the Chinese slowdown, could lead BHP Billiton (NYSE:BHP) to cut the number of jobs at its coal mines in Australia. This would follow the recent closure of one mine and a cancellation of an $80 billion investment plan.
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