BREAKING: Apple delays bonus payments and halts hiring

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Apple (AAPL.US) shares lost sharply after the announcement that it was delaying bonus payments to some employees and halting the hiring of new employees for particular positions. The company is also extending cost-cutting measures, joining other Silicon Valley companies looking to secure business in uncertain times. As it was quoted, the company wants to shift more workers to a once-a-year bonus schedule.

The company's shares tested the support set by the EMA 100 on the H1 interval shortly after the announcement. Source: xStation 5

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