Futures tipped slight gains for Asian stocks on Wednesday after the mixed close on Wall Street as several markets in the region re-opened for trade after a holiday. Stateside, the Nasdaq composite advanced 0.91 percent to end at 7,190.70 as Apple stock jumped ahead of expectation-topping results released after the market close, and the S&P […]
Read moreApple’s second-quarter earnings beat on Tuesday illustrated just how differently this company’s stock behaves compared with the rest of the market, CNBC’s Jim Cramer said. “The bane of this market is not tariffs or interest rates or inflation; no, the real killer is great expectations,” the “Mad Money” host said on Tuesday. “Apple is truly […]
Read moreCNBC’s Josh Lipton and Jim Cramer spoke to Apple CEO Tim Cook about March quarter earnings, where Cook tried to dispel negative sentiment about iPhone sales. In particular, he dismissed the idea that a longer upgrade cycle would hurt Apple: “The important thing from my point of view is the iPhone active install base has […]
Read moreGone are the days of triple play’s phone, internet and TV packages. Today, it’s all about quadruple play, and T-Mobile COO Mike Sievert said the proposed merger with Sprint will help the combined company get there. “So T-Mobile is in the position as a new T-Mobile to be able to offer a quad play, if […]
Read moreApple’s second-quarter earnings beat on Tuesday illustrated just how differently this company’s stock behaves compared with the rest of the market, CNBC’s Jim Cramer said. “The bane of this market is not tariffs or interest rates or inflation; no, the real killer is great expectations,” the “Mad Money” host said on Tuesday. “Apple is truly […]
Read moreApple posted some of its strongest growth during the March quarter in one of its toughest geographic regions. The iPhone maker reported $13 billion in revenue from Greater China during its second fiscal quarter — a 21 percent year-over-year spike. That puts the company’s China revenue on par with its European revenue. On the company’s […]
Read moreFacebook co-founder Chris Hughes told CNBC on Tuesday he doesn’t think the social media giant has done enough to protect its users’ personal data. The issue over privacy came to the forefront after the research firm Cambridge Analytica was recently accused of improperly accessing the personal user data of as many as 87 million Facebook […]
Read moreAmazon is planning new Whole Foods benefits for its Prime members, sources told CNBC. The new perks will bring the might of Amazon’s membership program to the grocery industry, folding Whole Foods into a network other grocers will struggle to compete with. It will give Amazon vendors, many of which are niche and small, special […]
Read moreIn the midst of an effort to transform from a stodgy hardware business to more of a software company, Cisco has just lost one of its top executives spurring the transition. Cisco said on Tuesday said that Rowan Trollope, senior vice president and head of the emerging Internet of Things division, is leaving to become […]
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SOME years ago, when Gulliver was a wide-eyed reporter on his first business trip, he sidled up to a bureau de change in London’s Heathrow Airport to buy some foreign currency. His nervous excitement quickly turned to dismay when the teller gouged 12% from the transaction, justifying the theft by tapping on a display-screen of […]
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