Apple’s fiscal fourth quarter results could be “substantially” lower than expectations due to its decision to delay the availability of the iPhone X, one analyst told CNBC on Wednesday. The technology giant released three new smartphones on Tuesday: The iPhone 8, iPhone 8 Plus and iPhone X. The latter is a $999 model packed full […]
Read moreCurrency, United States Finance
Massive Russian military exercise heightens fear of troop build-up on western border
Russia’s huge military exercise along its western border this week has increased nervousness among neighboring countries as well as straining relations with NATO. The “Zapad 2017” military exercise, running from the 14th until the 20th September, is held every four years and will on this occasion include activities on the borders of Poland, Lithuania, and […]
Read moreBitcoin, which has surged roughly 300 percent in 2017, is certainly a “disruptive” technology but won’t see widespread use, economist Mohamed El-Erian said Wednesday. “The current pricing assume massive adoption, and I don’t think governments will allow the amount of adoption that’s currently priced in,” Allianz’s chief economic advisor said on CNBC’s “Squawk Box.” Asked […]
Read moreApple presented a facial recognition system as a way for users to unlock its next iPhone during its latest launch event on Tuesday, but such security solutions may not prove popular with consumers. Face ID uses advanced 3-D depth perception to scan the user’s face. This process reportedly captures more data points and works faster […]
Read moreInsurance firms are facing increasing competitive pressure on all fronts due to the emergence of a number of insurance technology (insurtech) start-ups, according to a report. With the integration of technologies like artificial intelligence, blockchain and drones entering the insurance mix, the sector is being forced to rethink its model. The World Insurance Report, published […]
Read moreApple quietly increased the price of the 256GB and 512GB versions of its 10.5-inch and 12.9-inch iPad Pro tablets. The price change was first spotted by Apple blog MacRumors. Prior to Tuesday, consumers could purchase the 256GB and 512GB 10.9-inch iPad Pro for $749 and $949, respectively. Those models now cost $799 and $999, respectively. […]
Read moreBitcoin fell below $4,000 on Wednesday with negative comments from major business leaders about the cryptocurrency and the threat of a regulatory crackdown, unnerving investors. The digital currency fell as low as $3,907.26 on Wednesday, before recovering slightly to trade around the $4,050 mark, according to data from industry website CoinDesk. Bitcoin began was see-sawing […]
Read moreThe clean energy sector will be a massive engine for job growth in the United States given the increasing focus on the adoption of green technology, according to Milken Institute chairman Mike Milken. Milken was speaking to CNBC’s “Street Signs” on Wednesday at the sidelines of his institute’s Asia Summit 2017 in Singapore, touching on […]
Read moreThe competitive edge for Asian economies — many of which depend on low-cost labor and exports for growth — will likely erode as technology changes the way manufacturers operate, Boston Consulting Group said in a new report. Technologies such as robotics and digital simulation are allowing manufacturers to make customized products in locations closer to […]
Read moreIt’s well known that vacationers can rent a room — or a whole home — on Airbnb. But the company, one of the giants of the sharing economy, is dedicating attentions to another sort: business travelers. That segment already makes up about 10 percent of Airbnb’s business, and it expects that to grow to about […]
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