Apple Inc
Taiwan’s Foxconn raises full-year outlook on strong tech demand
The Foxconn logo displayed on a Foxconn building in Taipei on 31 January 2019. Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation. Sam Yeh | AFP | Getty Images Taiwan’s Foxconn, […]
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Want to know where to invest for the next 10 years? Here’s what the pros suggest
Volatile markets, inflation hitting new highs and the risk of recession are making things tough for investors right now. “Looking out over the next 10 years, the forces that drove the rapid outperformance of growth over value are unlikely to repeat,” Paul Danis, head of asset allocation at Brewin Dolphin , told CNBC. “Bond yields […]
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Walmart is working on a response to the Supreme Court’s abortion decision, CEO says in memo
Walmart CEO Doug McMillon speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC Walmart CEO Doug McMillon told employees on Friday that the company is weighing how to respond to a Supreme Court decision that ended the federal right to an abortion. “We are working thoughtfully and diligently to […]
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Biden awards posthumous Medal of Freedom to Apple co-founder Steve Jobs
The late Apple CEO Steve Jobs unveiling the first iPhone in 2007. David Paul Morris | Getty Images News | Getty Images President Joe Biden on Friday awarded the Presidential Medal of Freedom posthumously to Apple co-founder Steve Jobs, along with 16 other people. The award is the country’s highest civilian honor and the White […]
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Wealthy customers will help Apple resist the effects of inflation
An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the annual inflation rate in the […]
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‘The Big Short’ investor Michael Burry thinks financial markets rout is only halfway through
“The Big Short” investor Michael Burry, known for calling the subprime mortgage crisis, warned investors that 2022’s market turmoil is only half finished. Burry, who runs hedge fund Scion Asset Management, said the losses in stocks in the first half of the year have mostly been a result of multiple compression. He said corporations will […]
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Stocks making the biggest moves premarket: Kohl’s, Micron, Apple and more
Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s tumbled 17.9% in premarket trading after the retailer confirmed an earlier CNBC report that it ended talks to be bought by Vitamin Shoppe parent Franchise Group (FRG). Kohl’s said the deteriorating retail and financial environment presented significant obstacles to concluding a deal. […]
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JPMorgan says investors are too worried about Apple, sees 40% rebound before year-end
Apple may be dealing with lower consumer demand and growing FX challenges, but JPMorgan is “not as worried” about the tech company as investors. Analyst Samik Chatterjee reiterated an overweight rating on Apple, saying in a Friday note that the tech company will remain resilient and climb 40% this year, even amid slower demand for […]
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Micron warns weakening consumer demand will hurt smartphone sales
Sanjay Mehrota, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Micron Technology, a major vendor of memory chips for PCs and smartphones, said on Thursday that it expects smartphone sales to be meaningfully lower than previously expected for the rest of 2022, citing a reduction […]
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Big technology stocks like Tesla, Amazon and Microsoft just finished their worst quarter in years
Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 2, 2022 in New York City. (Photo by Gotham/Getty Images) Gotham | Getty Images Investors lowered the valuations of the world’s largest technology companies in the second quarter as central bankers ratcheted up […]
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