Day: January 10, 2025
Apple’s market share slides in China as iPhone shipments decline, analyst Kuo says
Jaap Arriens | Nurphoto | Getty Images Apple is losing market share in China due to declining iPhone shipments, supply chain analyst Ming-Chi Kuo wrote in a report on Friday. The stock slid 2.4%. “Apple has adopted a cautious stance when discussing 2025 iPhone production plans with key suppliers,” Kuo, an analyst at TF Securities, […]
Read More
Tesla recalling 239,000 vehicles in U.S. over rearview camera failures
New Tesla Model 3 vehicles on a truck at a logistics drop zone in Seattle, Washington, on Aug. 22, 2024. M. Scott Brauer | Bloomberg | Getty Images Tesla is voluntarily recalling about 239,000 of its electric vehicles in the U.S. to fix an issue that can cause its rearview cameras to fail, the company […]
Read More
Fired Disney employee will plead guilty to hacking menus to hide peanut content
File: Guests eat at Great Maple Restaurant at the Pixar Place Hotel at the Disneyland Resort in Anaheim, CA. Paul Bersebach | Medianews Group | Getty Images A former Disney employee agreed to plead guilty in a federal criminal case where he is accused of hacking into menu-creation software for the company’s restaurants, to falsely […]
Read More
Amazon to halt some of its DEI programs: Internal memo
Amazon is halting some of its diversity and inclusion initiatives, joining a growing list of major corporations that have announced similar moves in the face of increasing public and legal scrutiny. In an internal note last month to staffers obtained by CNBC, Candi Castleberry, Amazon’s VP of inclusive experiences and technology, said the company was […]
Read More
Zuckerberg says Biden administration pushed Meta ‘super hard’ to take down vaccine content
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta CEO Mark Zuckerberg told Joe Rogan in a podcast published Friday that his company was pressured by the Biden administration to remove content on side effects of Covid vaccines. […]
Read More
Nordstrom raises sales outlook after holiday season was better than feared
Shoppers walk into a Nordstrom department store in Austin, Texas, March 3, 2023. Brandon Bell | Getty Images Nordstrom on Friday raised its full-year sales outlook, after holiday shopping at its stores and on its website came in stronger than the department store’s cautious expectations. The company stuck by its profit guidance, despite the higher […]
Read More
Inflation data will be of paramount importance in the week ahead, with earnings kicking off
With investor confidence in the Federal Reserve’s interest rate path fast dwindling, the inflation data next week will be of paramount importance for a flagging market. The earnings season is also starting to ramp up once more. Stocks posted a second straight losing week, after this week’s strong economic data added to fears that the […]
Read More
Goldman says market ‘increasingly vulnerable’ to correction, recommends downside protection
Stocks are looking more primed for a correction as the new trading year kicks off, according to Goldman Sachs. After an unusually strong two-year surge, Peter Oppenheimer, Goldman’s chief global equity strategist, said there could be a short-term digestion period for stocks before further gains can be made. He noted that the two-year performance from […]
Read More
Meta announces end of DEI programs. Read the internal memo
Meta on Friday told employees that its plans to end a number of internal programs designed to increase the company’s hiring of diverse candidates, the latest dramatic change ahead of President-elect Donald Trump’s second White House term. Janelle Gale, Meta’s vice president of people, made the announcement on the company’s Workplace internal communications forum. Among […]
Read More
Brazil gives Meta 72 hours to explain changes to fact-checking program
Jaque Silva | Nurphoto | Getty Images Brazil’s government will give Meta until Monday to explain the changes to its fact-checking program, Solicitor General Jorge Messias said on Friday. The move comes after the social media company scrapped its U.S. fact-checking program and reduced curbs on discussions around topics such as immigration and gender identity. […]
Read More