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Trade tensions between China and the U.S.continue to escalate as the President calls out China for changing the rules. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Sozzi, and Andy Serwer disuss.
For all of the swirling conversations of tech regulation that have continues the past several years, few of those waxing poetic on the topic likely assumed that Apple would be the first tech giant to capture the government's ire, but a Supreme Court ruling this week cleared the way for an anti-trust reckoning for Apple's walled garden App Store. The U.S. Supreme Court ruled 5-4 against Apple on Monday, determining that a group of iPhone users will be allowed to bring an antitrust lawsuit against the tech giant. The group is alleging that Apple's 30 percent cut in the App Store passes on an unfair cost to users that have no other options to get the apps onto their phone.
Global equity markets fell on Monday as a U.S. crackdown on China's Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while the dollar was steady before this week's Federal Reserve meeting. China accused the United States of harbouring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as the U.S. action last week against Huawei began to hit the global tech sector. Alphabet Inc's Google suspended some business with Huawei, Reuters reported, and Lumentum Holdings Inc, a major supplier of Apple Inc's face ID technology, said it had discontinued all shipments to Huawei.
Industrial design firm Frog Design Inc. is celebrating its 50-year anniversary. The New York-based firm — known for designing products for major companies like Sony and Apple Inc. — is commemorating the occasion with an interactive multimedia exhibition at its Brooklyn studio. As part of a theatre-style experience, Frog is presenting a diverse and eclectic collection of installations, including a 24-foot-wide video wall showing an animated timeline of various innovations from the past five decades.
Analysts at HSBC cut their price target on the tech giant amid concerns that potential tariffs on imports from China could force it to pass on increased iPhone costs to U.S. consumers.
Now, we have to factor in a potential embargo against Huawei into the sales of even the most popular semiconductor names. , while not on this list, is struggling post-earnings after 5G uptake and data center sales disappointed. , a second favorite name, has yellow flags abound, because of Huawei exposure.
NEW YORK, NY / ACCESSWIRE / May 20, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.
Apple Inc slumped 3.3%, weighing the most on the three main indexes and driving down the S&P 500 technology sector 1.27%, the biggest drop among the six S&P sectors trading lower. U.S. suppliers of Huawei, including Qualcomm, Micron Technology and Broadcom Inc, fell between 3% and 5%, while the Philadelphia Semiconductor Index slid 2.9% to its lowest level in over two months. Mobile phone parts maker Lumentum Holdings Inc said it would halt shipments to Huawei and cut its quarterly revenue expectations, driving its shares down 2.5%.
HP's (HPQ) second-quarter fiscal 2019 results might be weighed on due to weak personal systems as well as printing businesses.
Apple Inc. shares are falling in Monday morning trading after HSBC warned that the smartphone giant’s issues in China aren’t going away “anytime soon.”
Consumers in China may shift their spending away from Apple and to local smartphone brands if the trade war escalates, according to HSBC Global Research.
U.S. stocks were set to open sharply lower on Monday, as fears over the impact on major technology companies from the United States' crackdown on China's Huawei Technologies added to concerns about the trade war between the two counties. U.S. suppliers of Huawei including Qualcomm , Micron Technology and Broadcom Inc fell about 4% premarket.
HSBC Cuts Target on Apple, Warns of Dire Consequences of TariffsHSBC cuts target on AppleToday, HSBC (HSBC) cut its price target on Apple (AAPL) to $174 from $180, according to Thomson Reuters. Analysts at the multinational bank cited risks from the
For our new cover story, we asked money managers, trade experts, and market strategists to put the trade-related risks into perspective. The consensus: Put aside the playbook for a trade war for now, but be prepared for bouts of stock market volatility.
Apple shares were 3% lower as markets opened Monday. HSBC cut the company's target price from $180 a share to $174, citing concerns about trade tariffs on Chinese imports and shrinking iPhone demand. Apple AAPL shares were down 3% in early deals Monday after HSBC cut the tech giant's price target over fears of its exposure to the trade war between the U.S. and China.
In fact, what is quite interesting is the overlapping strategy of both Amazon and Apple. Amazon sees Prime membership numbers and engagement with its platform continuing to increase on the back of critically acclaimed shows such as Homecoming, Jack Ryan and Hanna. For now, Netflix contends that on demand entertainment is so massive that these new entrants will not have much material effect on Netflix's market share.
Apple and Dell will join Kingston Technology Co. and Seagate Technology Plc in selling their shares to Toshiba Memory for about 500 billion yen ($4.5 billion), the Journal reported, citing unidentified people familiar with the matter. The deal will be completed by the end of May.
The largest U.S. companies are repurchasing their shares at a brisk pace, and 1Q 2019 may prove to be the second-biggest quarter ever for buybacks.