Apple CEO Tim Cook has repeatedly called autonomous systems the “mother of all AI projects,” and the company has a car endeavor underway, reportedly dubbed Project Titan. But on a conference call with investors on Tuesday, Cook hinted that Apple has a single, large project in the works, and a vehicle is just one possibility. […]
Read moreMarkets in Asia on Wednesday will digest a barrage of data released during the European and U.S. trading session Tuesday, including U.S. personal spending and euro zone GDP. In the U.S., the core personal consumption expenditure (PCE) price index for June – which is watched by the Federal Reserve as an estimate of inflation — […]
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With the Dow Jones average inching towards 22,000, even Jim Cramer found cause to wonder whether the stock market’s continuous rally is truly sustainable. “We always need to ask ourselves if we’ve gotten too complacent. That’s just a necessity. You do that as part of being a disciplined investor,” the “Mad Money” host said. And […]
Read moreApple CEO Tim Cook spoke to CNBC’s Josh Lipton following the company’s earnings report on Tuesday. Here’s a full transcript. Tim Cook: We had a great quarter, I couldn’t be happier – revenues came it at 45.4 billion which was at the top end of our guidance. Gross margins came in at 38.5% which was […]
Read moreGrowth in U.S. oil production is slowing, but will continue to blunt OPEC’s efforts to cut supply and normalize global inventories, keeping benchmark prices capped at around $50 a barrel this quarter, according to a CNBC poll of energy strategists, traders and economists. De facto OPEC leader Saudi Arabia is leading calls to deepen production […]
Read moreThe three-day sell-off that started last Thursday came and went, and Jim Cramer had some post-pullback advice to share with investors who made it through the pain. “You’ve now been, once again, put through the mill that causes so many people to bail from good stocks. I’ve gottwo pieces of advice,” the “Mad Money” host […]
Read moreSpeaking with CNBC after Apple’s earnings report on Tuesday, Apple CEO Tim Cook said that augmented reality is going to make smartphones even more important to users. “The smart phone is becoming even more important to people because it’s going across so much of your life and you can tell by some of the things […]
Read moreShares of Apple surged more than 5 percent after the bell Tuesday in New York, putting the Dow Jones industrial average on track to hit 22,000 for the first time ever. Apple’s stock surged after the tech giant reported quarterly results that blew expectations out of the water. The company reported earnings per share of […]
Read moreApple reported its fiscal third quarter 2017 results on Tuesday afternoon — and while all eyes were on iPhone sales and other figures, iPad shipments stuck out. Apple shipped 11.4 million iPads during the quarter, up from the 9.95 million iPads it shipped during the year-ago quarter. This is the first time since 2014 that […]
Read moreApple’s cash pile swelled again this quarter, hitting a record $261.5 billion, compared to $256.8 billion last quarter. That’s up 13% year-over-year. To put in context: If all of that money could be put to work today, it would be enough to buy Oracle outright, and still have $54 billion leftover. It’s also enough to […]
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