Apple Inc
Apple’s iPhone assembler says supply chain outlook better than feared, despite lockdowns
Customers walk past a digital display of the new green color Apple iPhone 13 pro inside the Apple Store on 5th Avenue in Manhattan, in New York, March 18, 2022. Mike Segar | Reuters Foxconn, a major supplier of Apple’s iPhones, said the impact of China’s Covid lockdowns on its operations wasn’t as bad as […]
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Apple’s new iPhone and iPad software will reportedly add lots of big changes
Apple iOS 15 Spotlight search Apple Apple is reportedly bringing a slew of new updates to iPhones and iPads with its upcoming software releases, iOS 16 and iPadOS 16, which the company is expected to announce during its WWDC 2022 developer keynote on June 6. The changes to the iPhone include updates to notifications, messages […]
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Start-up investors are warning of dark days ahead as boom times are ‘unambiguously over’
Sean Gladwell | Moment | Getty Images Slow your hiring! Cut back on marketing! Extend your runway! The venture capital missives are back, and they’re coming in hot. With tech stocks cratering through the first five months of 2022 and the Nasdaq on pace for its second-worst quarter since the 2008 financial crisis, start-up investors […]
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Apple union push faces setback as Atlanta organizers withdraw bid for vote, citing alleged intimidation and rising Covid cases
Shoppers walk past an Apple Store at Franklin Park Mall during Black Friday. Shoppers go to stores to take advantage of Black Friday sales during the COVID-19 pandemic. Stephen Zenner | SOPA Images | LightRocket | Getty Images A union vote at an Apple store at the Cumberland Mall location in Atlanta is in question […]
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Tech investor Paul Meeks says avoid this FAANG stock, picks the ones he can ‘stomach’
Tech investor Paul Meeks identified the FAANG stock he would currently stay away from despite the recent rout in the broader sector, saying parts of the company’s business “could be in some trouble.” That company is e-commerce giant Amazon , whose shares have dropped more than 30% so far this year, as of the Thursday […]
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Sequoia coaches start-ups to cut costs or face a ‘death spiral’ amid stock market slump, bleak economic backdrop
One of Silicon Valley’s most successful venture capital firms doesn’t see the economy bouncing back anytime soon and is warning portfolio companies to tighten their belts in the meantime. In a 52-page presentation seen by CNBC, the Sequoia lays out a litany of risks making it harder for founders to raise money and operate. The […]
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Broadcom announces plans to buy VMware in $61 billion deal
Hock Tan, chief executive officer of Broadcom Martin H. Simon | Bloomberg | Getty Images Broadcom will buy VMware in a cash-and-stock transaction valued at $61 billion, based on the closing price of Broadcom common stock on May 25, 2022, the companies announced on Thursday. The deal would be one of the largest technology acquisitions […]
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Apple says it will raise pay for corporate and retail employees in tight labor market
Steve Proehl | Corbis Unreleased | Getty Images Apple said on Wednesday that it will raise pay for corporate and retail workers later this year. The move comes during a historically tight labor market in the U.S. and as employees contend with increased inflation and cost of living. Apple’s move comes after Google, Amazon and […]
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Apple discourages retail employees from joining unions in internal video
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 Deirdre O’Brien, Apple’s head of retail and human relations, told employees in a video this week that joining a union […]
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‘Downright scary and untenable’: Commerce secretary warns U.S. needs to secure a future for its chip industry
Gina Raimondo, Secretary of Commerce, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC U.S. Commerce Secretary Gina Raimondo on Wednesday urged Congress to pass the CHIPS for America Act in order to safeguard national security and the future of the economy. The bill aims to incentivize investment in U.S. […]
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