Market Minute: Money Floods into Wall Street; Obama Nixes Apple Ban

Money keeps pouring into the stock market, and the White House comes to the aid of Apple. Those and more are what's in business news Monday.

The Dow industrials (^DJI) and the S&P 500 (^GPSC) both start the week at record highs after posting solid gains last week. The Nasdaq (^IXIC) jumped more than 2 percent for the week. It's at the highest level in 12 years, but still 27 percent below its all-time high.

Samsung Electronics' Galaxy S, left, and Apple's iPhone 4 are displayed at the headquarters of South Korean mobile carrier KT in Seoul, South Korea, Friday, April 22, 2011. South Korea's Samsung Electronics Co. says it sued Apple Inc. for patent rights violations, only days after Apple sued Samsung for the same reason.(AP Photo/Ahn Young-joon)
Ahn Young-joon/APSamsung's Galaxy S, left, and Apple's iPhone 4.
The Obama Administration has handed a victory to Apple (AAPL) in its long-running patent dispute with Samsung. The U.S. International Trade Commission had ruled in June to ban the import and sale of some older iPhones and iPads. But the U.S. Trade Rep overturned that ruling, citing the potential harm to consumers. Other cases between the two rivals are still pending.

The ruling could have broad implications for the tech world. Microsoft (MSFT), Intel (INTC), AT&T (T) and others could benefit if this decision sets a precedent in other patent disputes.

The discount carrier JetBlue Airways (JBLU) is going upscale. The Wall Street Journal reports (subscription required) the airline plans to add premium seats on some flights. Some of those seats will convert into lie-flat beds.

There's a good reason Warren Buffett is known as the Oracle of Omaha. His company, Berkshire Hathaway (BRK.B), posted a 46 percent jump in quarterly earnings after the market closed Friday. Each Berkshire's Class A (BRK.A) share trades at more than $176,000.

General Motors (GM) sold 11 percent more cars in China last month than it did a year earlier. GM is the sales leader in China, running slightly ahead of Volkswagen and Toyota Motor (TM).

Time Warner Cable (TWC) and CBS (CBS) could both be under pressure after failing to reach a deal on fees. Time Warner on Friday dropped CBS from its cable line-up, affecting more than 3 million viewers in New York, Los Angeles and Dallas.

And New York Times Co. (NYT) has agreed to sell the Boston Globe to the primary owner of the Boston Red Sox.

Apps That Manage Your Money For You
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Market Minute: Money Floods into Wall Street; Obama Nixes Apple Ban

Mint made the Mac App Store's Best of 2012 list for a reason. This simple, clean app shows how much you are spending in each category of your budget by monitoring all of your transactions. We love signing in and getting a quick, dirty rundown of where our money has gone over the last week, and using their personalized budget tools to stay on track. We highly recommend adjusting your budgets for summer months. You might spend less on transportation when the weather is nice, and chances are you could use that extra cash to flesh out that restaurant tab, right?

Price: Free

Available for Apple and Android.

This is the all-in-one financial organizer. Manage all of your accounts, from credit cards to magazine subscriptions, in one place and even make custom accounts for your rent or cleaning service. Get reminders for bill payments, and monitor all of your travel reward points, too. You'll always know what you owe, how much money you have and can plan for upcoming bills and expenses without having to sift through tons of paperwork.

Price: Free

Available for Apple and Android devices.

If you want to isolate the expense tracker function of Mint in a super simple day-to-day app, then DailyCost is a great buy. A wide variety of categories lets users input all of their daily expenses. Holding your phone horizontally, you will be able to see graphs and statistics on your spending. The app also tracks your weekly and monthly spending by category and can be backed up to iCloud for Mac users, so you'll never lose your data.

Price: $1.99

Available for Apple only.

If you're a heavy traveler, Toshl is an excellent expense and budget tracker. It works with any currency and lets you separate your travel budget from your day-to-day expenses. It comes with all the trappings of a regular money management app, too, such as bill organizer and alerts, and can be synced across all your devices.

Price: Free

Available on Apple and Android devices.

Next time you organize a group activity, Tricount will split up the expenses for you. Create the expense report on your phone and organize by person, how much they owe, and then share via email so everyone knows their share. With options for expenses, balance, share, and configuration, the app does all of the math for you.

Price: Free

Available for Apple and Android devices.

Never miss a bill payment again. This app reminds you when your payments are due, and lets you pay on the spot from a bank account or credit card, or you can schedule a payment for the future. Connect all of your accounts to the encrypted app and then view them all in one place for easy access and payment options. You'll never overdraft or miss a payment again.

Price: Free

Available on Apple and Android devices.

Make and share payments with friends. This app uses the same technology to pay as LivingSocial, Uber and Airbnb. Pay with your debit card or transfer funds from a linked bank account, right to a friend's Venmo account. It is Verisign Certified.

Price: Free

Available on Apple and Android devices.

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NASDAQ 7,218.23 -16.08 -0.22%
S&P 500 2,701.33 -14.93 -0.55%
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HANG SENG 30,965.68 -466.21 -1.48%
DAX 12,317.99 -152.50 -1.22%
USD (per EUR) 1.23 0.00 0.01%
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JPY (per USD) 107.27 -0.27 -0.25%
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