South Korea said on Wednesday the issue of U.S. troops stationed in the South is unrelated to any future peace treaty with North Korea and that American forces should stay even if such an agreement is signed. “U.S. troops stationed in South Korea are an issue regarding the alliance between South Korea and the United […]
Read moreIf Apple puts its massive cash holdings to work, the company could end up giving back $60 billion per year to investors, said Gene Munster, founder and managing partner at Loup Ventures, a venture capital firm. “That alone will move the stock 7 percent higher in the next year,” Munster told CNBC on “Fast Money” […]
Read moreA survey focused on small and mid-size manufacturing in China is expected to indicate a slowdown in factory activity growth in April, reflecting possible risks from U.S.-China trade tensions. The private Caixin/Markit PMI, which focuses on small and mid-size businesses in China, is expected to edge down to 50.9 in April from 51 in March, […]
Read moreFutures 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 […]
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