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Apple is reportedly closing in on a deal to buy up Intel’s smartphone modem business. Plus Facebook is set to report earnings after the bell Wednesday. Yahoo Finance Tech Editor Dan Howley, joined 'The Final Round' to discuss.
Apple is reportedly in talks to buy Intel's smartphone modem chip business. The deal could be reached in the next week and would be valued at $1 billion or more. Yahoo Finance's Adam Shapiro, Julie Hyman, Rick Newman, and Direxion Managing Director Dave Mazza discuss.
Apple is reportedly looking to buy Intel's Smartphone Modem-Chip Business. In total, the deal could be valued at $1 billion. Santosh Rao of Manhattan Venture Partners joins Yahoo Finance's The First Trade to discuss.
In addition to releasing iOS 12.4, Apple has also announced that it's patching older versions of the platform for devices that can't run the latest rollouts. See, GPS technology needs to keep an eye on the date and time to tell your location -- it tracks the date by counting the number of weeks and storing the values as 10-bit figures. The most recent rollover happened on April 6th, which means Apple devices that can't install the latest iOS versions could be affected by the issue.
FAANG stocks are making a direct impact on real estate demand, says Hessam Nadji, CEO of Marcus & Millichap, buying up office space and warehouses.
After months of speculation and reports, the U.S. government openly announced Tuesday afternoon that it is investigating the largest U.S. tech companies for anticompetitive practices, an inquiry that could lead to antitrust charges.
Shares in the largest tech companies in the U.S. took a hit in after-hours trading Tuesday afternoon, following a report that a new antitrust investigation has begun by the Department of Justice. Independent investigations into Apple Inc. , Alphabet Inc. , Facebook Inc. and Amazon.com Inc. were already reportedly split up between the Federal Trade Commission and the Justice Department, but a Wall Street Journal report Tuesday afternoon said that a broader investigation was now under way. The Journal reported that the Justice Department inquiry "is designed to go above and beyond recent plans for scrutinizing the tech sector that were crafted by the department and the Federal Trade Commission." Apple shares declined about 0.8% in late trading immediately after the report was released, while the other three companies' stocks all declined more than 1%.
Apple is closing in on a deal to possibly pay over $1 billion to Intel for a division that has been unprofitable. Here’s why it could work out well for both companies.
A possible deal between Intel Corp. and Apple Inc. over smartphone modems pressures shares of Qualcomm Inc. and weighs on shares of Micron Technology Inc. as analysts debate whether Intel may sell off memory assets next.
Facebook spent $4.1 million on lobbying Washington in the second quarter, topping the outlays by other so-called FAANG companies and keeping the tech giant on pace for another record year of spending to influence lawmakers and regulators.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into Netflix's (NFLX) recent Q2 earnings report. The episode then transitions into why Amazon (AMZN) and Disney (DIS) could be real challengers...