Apple isn't just losing market share with smartphones, it's also taking hit on its tablets' market share. Are tough times ahead?
Apple isn't just losing market share with smartphones, it's also taking hit on its tablets' market share. Are tough times ahead?
Japanese tech giant Toshiba confirmed Wednesday morning that it has agreed to sell its flash memory chip business for $18 billion to a consortium of bidders that includes Apple and Seagate Technology, Reuters reports , citing people close to the negotiations. It's also a major blow to San Jose-based hard drive maker Western Digital Corp., which mounted a spirited, unusually public bid for the company that dragged on for months. The San Jose company is suing Toshiba over the sale, saying their joint venture agreement gives Western Digital veto rights over the transaction.
Well, that didn't last long. In much the way Amazon.com Inc. (AMZN) bit Toys 'R' Us Inc., it appears that Alphabet Inc.'s (GOOGL) YouTube and Facebook Inc. (FB) have eaten Watchable, Comcast Corp.'s (CMCSA) Millennial-focused short-video platform, as well as a similar venture from Verizon Communications Inc. (VZ) , go90. Comcast has decided to pull back on Watchable, electing not to license any exclusive content in 2018. Distribution henceforth will be limited to its X1 cable box rather than a free, internet-based platform aimed at the general population. In two-plus years, neither Watchable nor go90 has made much of a splash despite the deep pockets and noble intentions of their corporate masters.
U.S. stock benchmarks switched between small gains and losses Wednesday morning as investors traded skittishly ahead of the Federal Reserve’s monetary-policy update. Although Wall Street isn’t expecting any change to rates, investors will be looking for clarity on the Fed’s projection for futures rates and what’s expected to be the launch of its $4.5 trillion asset-portfolio unwind. The Dow Jones Industrial Average DJIA, +0.07% was little changed, up 19 points, or less than 0.1%, at 22,389, with shares of Apple Inc. AAPL, -1.89% weighing on the benchmark after it reportedly admitted there are issues with connectivity of its new Apple Watch Series 3. Shares of Boeing Co. BA, +1.19% and McDonald’s
Population: Exceeds expectations. Amazon wants a metropolitan area with more than 1… more With a $1 billion sticker price and more than 4,000 highly paid employees, the Toyota North America headquarters consolidation in Plano ranks as the biggest project of its type ever to choose North Texas. Comparing the automaker's project side by side with Amazon’s highly hyped second headquarters, however, is like parking a tiny Toyota Prius next to a Toyota Sequoia full-size SUV. Amazon’s (Nasdaq: AMZN) projected employment of 50,000 full-time jobs at its new “HQ2“ is more than 10 times the number of jobs created by Toyota (NYSE: TM). The e-commerce giant's projected $5 billion capital expenditure cost
First up is FedEx. The shipper in focus today after it missed on earnings by 58 cents and cut its forecast, due to the estimated negative impact of Hurricane Harvey and a cyberattack affecting TNT Express. Finally we have Amazon.
Investors will closely follow Fed Chair Janet Yellen's press conference for views on inflation. The Fed will also update its rate path or "dot plot," which will be used to evaluate whether another rate increase in December is likely. Inflation has remained below the Fed's 2-percent target rate, but a recent data showed uptick in domestic consumer prices, which raised the chances of a December rate hike by more than 50 percent for the first time since July.
Judge Andrew Napolitano with the latest on the investigation into allegations of Russian meddling in the 2016 presidential race.
The head of the Boeing Co.’s defense division said Wednesday that the company could be a player in the merger and acquisition activity shaking up the aerospace and defense industries. Leanne Caret, executive vice president at Boeing (NYSE: BA) and CEO of its defense, space and security unit, said in an interview with CNBC that the company is looking at strategies that include organic growth and the potential purchase of other companies. “We have a continued pipeline (of deals) we are assessing,” she said, though she declined to name any specific target companies. Caret is a former Wichitan and past honoree of the Wichita Business Journal’s 40 Under 40. She spent several years at Boeing’s previous
The initial phase of Charles Schwab's new Westlake campus is underway. By early 2019, the… more The initial phase of a massive North Texas campus for financial giant Charles Schwab & Co. (NYSE: SCHW) started Tuesday with an official groundbreaking ceremony. It will house 2,600 employees when finished in 2019, with enough room to accommodate 5,000 employees. The Westlake campus will become a major employment hub for Charles Schwab. "Texas is an important part of the Schwab family, and we're glad to put another stake in the ground here," said Founder Charles Schwab, at the groundbreaking ceremony. "We're very optimistic about where we're headed as a company and our future here in Texas." The Westlake
Key U.S. index funds were mixed Wednesday ahead of the Fed's monetary policy announcement. XAutoplay: On | OffSPDR Dow Jones Industrial Average (DIA) led with a 0.1% gain and SPDR S&P 500 (SPY) was fractionally higher, but PowerShares QQQ Trust (QQQ) fell 0.4%. Oil funds led the upside as West Texas intermediate crude prices surged 2% to $50.47 a barrel. SPDR S&P Oil & Gas Exploration & Production (XOP) rose 1.7% and VanEck Vectors Oil Services (OIH) added 1.3%. United States Oil (USO) and PowerShares DB Oil (DBO) rose more than 1.5% apiece. Biotech and gold plays were also higher. VanEck Vectors Junior Gold Miners (GDXJ) and VanEck Vectors Gold Miners (GDX) gained 1% each. Gold futures climbed
"I am sorry he does not understand," Cassidy said on CNN, arguing that his bill would in fact protect people with pre-existing conditions, a claim that Kimmel as well as leading health advocacy groups dispute.
Here's one simple lesson to be learned from the initial public offerings of Facebook (FB), Alibaba (BABA), Snap (SNAP) and Square (SQ): Big-buzz IPOs don't always live up to the hype – at least not at first. XAutoplay: On | OffBuying a stock right when it has an IPO is a high-risk proposition, regardless of how convincing the hype may seem. Facebook, Alibaba, Snap and Square all headed south from their second week of trading, providing clear examples of why you should wait for a new IPO to form its first base before you invest. It's an important rule to keep in mind as we wait for the market debuts of Uber, Airbnb and others in the next crop of initial public offerings. IPO Lessons Learned From
On Wednesday, the Federal Reserve will announce its latest monetary policy decision. Expectations are for the Fed to keep its benchmark interest rate target unchanged at a range of 1%-1.25% while also announcing it will begin paring down the size of its more than $4 trillion balance sheet. This announcement is largely technical in nature.
Consumer Reports has no financial relationship with advertisers on this site. If your personal information is among the 143 million credit files compromised in the Equifax cyberattack, you might be wondering if you have any recourse against the company. Since the Equifax breach—which involved the theft of names, birth dates, addresses, credit card numbers, and full Social Security numbers—more than 50 class-action suits have reportedly been filed against the credit bureau.
Billionaire investor and Blackstone Group CEO Steve Schwarzman tells CNBC’s Michelle Caruso-Cabrera at Delivering Alpha 2017 the real reason the Trump-CEO Leadership Council was disbanded and what he sees as the biggest threat to markets today.
Mark Walter, the billionaire chief executive of Guggenheim Partners, is in discussions to take control of one of the firm’s insurance units as the $290 billion company fractures, according to people with knowledge of the plans. Walter, 57, is taking steps to remove insurer Guggenheim Life and Annuity Co. and fold it into his Delaware Life Insurance Co., which was rebranded this month as Group One Thousand One, said the people, who asked not to be named because the information is private. The negotiations may end with Walter stepping away from day-to-day management of Guggenheim, which he co-founded in 2000, the people said.
By Yeganeh Torbati WASHINGTON (Reuters) - The Trump administration is making it more difficult for skilled foreigners to work in the United States, challenging visa applications more often than at nearly any point in the Obama era, according to data reviewed by Reuters. The more intense scrutiny of the applications for H-1B visas comes after President Donald Trump called for changes to the visa program so that it benefits the highest-paid workers, though he has not enacted any such reforms. Data provided by U.S. Citizenship and Immigration Services shows that between Jan. 1 and Aug. 31, the agency issued 85,000 challenges, or "requests for evidence" (RFEs), to H-1B visa petitions - a 45 percent increase over the same period last year.
The body of 53-year-old Randy Potter was found last week after someone reported a bad smell coming from the truck, The Kansas City Star reports. When an airport police officer found the body, it was covered up by a blanket, according to a police report. Potter’s truck had been listed in the missing person flyers circulated by Lenexa police.
A photo of White House Chief of Staff John Kelly reacting to President Donald Trump‘s menacing United Nations address on Tuesday has gone viral. The photo, taken by Mary Altaffer of the Associated Press, shows Trump’s homeland security secretary turned chief of staff holding his face in his hand while listening to his boss, with First Lady Melania Trump seated in front of him. The photo quickly made the rounds on Twitter, where many shared Kelly’s apparent distress over the president’s first speech at the U.N. in which he called North Korean leader Kim Jong-un a “rocket man on a suicide mission” and threatened to “totally destroy” the East Asian country.
CBL & Associates Properties Inc NYSE:CBL Score: Negative (3) 152 days at current score. Downgraded from Positive on April 21st 2017 View full report here! Summary This company ranked negatively compared to the Financials sector with 2 negative
A scheduled private meeting between President Donald Trump's personal lawyer and Senate committee staff was abruptly canceled on Tuesday amid a dispute over a public statement he issued before the meeting. Senate intelligence committee leaders said they called off the closed-door staff meeting after Michael Cohen sent a public statement to the media just as the interview was about to start. Senate intelligence committee Chairman Richard Burr, R-N.C., and the panel's top Democrat, Sen. Mark Warner of Virginia, issued a terse statement saying the panel had asked Cohen to "refrain from public comment" and that they would request he return — this time for a public hearing.
The company's shares received a lot of attention from a substantial price movement on the NYSE in the over the last few months, increasing to $20.69 at one point, and dropping to the lows of $18.4. A question to answer is whether KMI's current trading price of $19.56 reflective of the actual value of the large-cap? Let’s take a look at KMI’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
According to a recent note by equity research firm Jefferies, there's evidence that mass-market retailers like Target are now lowering prices to compete with Lidl, which has 10,000 global stores but just came to the US.
The British government's attempt to appear strong and united over Brexit wobbled Monday as a top official was shifted from his post days before a new round of divorce negotiations with the European Union. Opposition lawmakers said the move reflected the Conservatives' "chaotic" approach to handling the biggest challenge facing the country. Prime Minister Theresa May, meanwhile, faced calls to discipline fellow Conservative Foreign Secretary Boris Johnson for undermining her leadership by publishing his own manifesto for Brexit.
What to do before the bull market gets gored 25 Mins Ago | 00:56 Amid devastating hurricanes, North Korean missile launches and political upheaval in Washington, equities in the U.S. simply keep jitterbugging their way toward fresh peaks. For 8½ years now, every dip has been followed by a push past the previous high. Yet at some point, even as investors continue reaping the benefits of a market climb that's been fattening wallets and retirement accounts along the way, the party will come to an end. And if you haven't yet given thought to how a long-lasting stock slump could impact your nest egg, now's the time. "The obvious is that the market will correct," said Greg Hammer, president of Hammer