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T-Mobile and Apple have finally come to an agreement. So what does it mean for your smartphone options? And American consumers are feeling pretty confident. Here's the Thursday Bloomberg After The Bell Report from the New York Stock Exchange.
Americans seem to be in a buying mood. Consumer confidence held close to a seven-month high last week. The holiday shopping season encouraged more Americans to spend as jobless claims declined and household wealth climbed last quarter.
The markets got a boost Thursday as Apple's stock saw a big rebound and still more focus on the fiscal cliff. Speaking of Apple, T-Mobile will begin offering Apple's iPhone next year, becoming the last of the four largest U.S. carriers to do so. If you're a T-Mobile customer, you will have more smartphone options to choose from. The agreement was disclosed by Deutsche Telekom, T-Mobile's parent company.
Online gambling is in the headlines. FarmVille maker Zynga filed an application with Nevada gambling regulators that could pave the way for operating real-money gambling sites in the state. As consumers switch to mobile devices to play social games, Zynga has been struggling to find new sources of revenue.