Apple Inc
Shanghai reports more Covid cases as China imposes new lockdowns
A medical worker performs Covid tests on residents of a quarantined street community in Shanghai on April 4, 2022. The city has expanded lockdown measures as cases surge. Costfoto | Future Publishing | Getty Images China’s financial center Shanghai reported a new record number of symptomatic Covid-19 cases on Saturday as the country imposed new […]
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Peloton activist Blackwells Capital takes aim at new CEO, again pushes for sale
A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Activist Blackwells Capital is reiterating its push for Peloton to consider a sale, arguing that the connected fitness company has made little to no progress under new Chief Executive Barry McCarthy, according to a new […]
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Microsoft’s Brad Smith says tech regulation is coming, so industry should participate in shaping it
Tech regulation is coming whether the industry participates or not, according to Microsoft President Brad Smith, so companies might as well lean into those conversations now. “It doesn’t matter whether you like it or hate it,” Smith told CNBC’s Steve Kovach on “Tech Check” Wednesday. “And it’s right for people to point out the issues […]
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Meta plans to take a nearly 50% cut on NFT sales in its metaverse
Facebook on Thursday announced that it is opening up Horizon World, its virtual reality world of avatars, to anyone 18 and older in the U.S. and Canada. Courtesy of Meta Facebook-parent Meta is planning to take a cut of up to 47.5% on the sale of digital assets on its virtual reality platform Horizon Worlds, […]
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Justin Bieber, Gwyneth Paltrow and Ashton Kutcher are among dozens of celebrity investors piling into crypto startup MoonPay
MoonPay CEO and co-founder Ivan Soto-Wright speaking at the Bitcoin 2021 conference in Miami, Florida. Eva Marie Uzcategui | Bloomberg | Getty Images What do Justin Bieber, Gwyneth Paltrow, Snoop Dogg and Ashton Kutcher all have in common? Aside from being A-list celebrities, they’re among more than 60 new investors in fintech startup MoonPay. Additional […]
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Apple CEO Tim Cook criticizes antitrust regulation, says some policies would hurt iPhone users
Tim Cook, chief executive officer of Apple, speaks at the 2019 Dreamforce conference in San Francisco on November 19, 2019. David Paul Morris | Bloomberg | Getty Images Apple CEO Tim Cook criticized pending antitrust regulation in the U.S. and Europe on Tuesday, saying that some of the proposed policies would hurt iPhone user privacy […]
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Apple iPhone maker Pegatron reportedly suspends production in Shanghai because of Covid outbreak
An employee arranges Apple iPhones as customer shop at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan, in New York City, March 18, 2022. Mike Segar | Reuters Apple iPhone assembler Pegatron has suspended production in Shanghai and Kunshan amid strict Covid-19 prevention measures, according to multiple reports. […]
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‘Forget FAANG’ and focus on value stocks in the current inflationary environment, Jim Cramer says
CNBC’s Jim Cramer on Monday advised investors to turn away Big Tech and other growth stocks that are likely to be hard hit as the Federal Reserve raises interest rates. “For the moment, I do think we have to forget most of FAANG and focus on the money centers. The oils. Retailers with tremendous scale. […]
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The pandemic boom in PC sales is over
Shoppers are deciding to buy a Microsoft laptop at Best Buy in Tampa, Florida, November, 2021. Octavio Jones | Getty Images PC shipments declined sharply in the first quarter of 2022, according to new industry estimates, suggesting that the pandemic boom in PC sales is over. Gartner said on Monday that it estimates that PC […]
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Investing Club: We’re trimming our large position in Apple — here’s why
Our sale today is in line with what we said last week in our April Monthly Meeting, where we discussed the need to right-size this position the next time we had a chance. Source
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