Money

Historic cheque signed by Steve Jobs in 1976 auctioned at $50,000

Published

2 years ago

August 1, 2023

Collectors and Apple enthusiasts have a rare opportunity to acquire a significant piece of tech history as an iconic check, signed by Steve Jobs and Steve Wozniak, goes up for auction this month through RR Auction.

The check, dated March 19, 1976, was signed by Jobs and Wozniak a mere 13 days before Apple’s official founding. At that time, Apple’s account with Wells Fargo Bank had not even been formally established. The check represents a pivotal moment in Apple’s early days and holds a special place in the company’s journey, as its routing and account numbers align with other early checks attributed to Apple.

The check was issued to Ramlor, Inc., a printed circuit board company, in the amount of $116.97, which would roughly translate to $630 in today’s currency. RR Auction states that Jobs and Wozniak most likely wrote the check to pay for circuit boards needed for the first Apple-1 computers.

Bidding for this historical artifact has already commenced, with 18 bids received, and the current price stands at an impressive $55,527. The next bid is set at $61,080, and the auction is scheduled to conclude on August 24. While the initial price may appear steep, it is essential to consider recent auction results, where an original 4 GB iPhone fetched over $190,000 and a pair of Apple sneakers was listed for sale at $50,000 through Sotheby’s. Given its significance in tech history, this check undoubtedly appeals to passionate collectors.

RR Auction is also offering more than 50 other Apple-related items for sale until August 24, including functional early Apple computers and a draft ad handwritten by Steve Jobs for the Apple-1 computer.

Apple memorabilia continues to command high prices, and this historic check serves as a tangible piece of the company’s foundation, making it a prized possession for any avid Apple collector.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Published

1 week ago

November 27, 2025

Harvey Vargas

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews

Money

Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

Published

2 weeks ago

November 26, 2025

Harvey Vargas

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.

The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.

Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

2 weeks ago

November 25, 2025

Harvey Vargas

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar