In 1937, a hydrogen-powered German airship flying into New Jersey caught fire and crashed, killing 35 passengers on board. It was sort of a man-made disaster as some 100 people were loaded on to a balloon filled with the most flammable material in the universe. The airship was named Hindenburg. Eight decades later, in 2017, a graduate of international business management from the University of Connecticut founded a "forensic financial research" firm to specialise in spotting wrongdoings and frauds, or what it calls man-made disasters, at companies around the globe and take market bets against them.
The NYSE accounts for more than 60 percent of S&P 500 volume at the close of the market
Despite the slowdown, Apple remains the most profitable company in the S&P 500 and the most valuable publicly traded US tech company
Apple reduced channel inventory by $3.6 billion.
The reason for the windfall: the soaring value of their stock awards.
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