Morgan Stanley believes Apple’s poor iPhone sales results and rising inventory levels is bad news for the industry’s chip suppliers. The smartphone maker reported weaker-than-expected December-quarter iPhone unit sales Thursday. The company also gave a lower-than-expected revenue forecast for the March quarter. “Disappointing iPhone units combined with an inventory overbuild […]
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Mark Zuckerberg on starting Facebook at 19: ‘I’ve made almost every mistake you can imagine’
On the 14th birthday of the launch of Facebook, Mark Zuckerberg reflects on what he has learned building the social media behemoth. And to hear the 33-year-old entrepreneur tell it, he had to learn everything. Now a titan of the tech industry and sitting at the helm of a company […]
What to know before SpaceX attempts to launch Falcon Heavy – Elon Musk’s most powerful rocket
Musk’s space company operates differently than any other by recovering the largest part of its Falcon 9 rockets — the first stage. After pushing the upper stage pieces beyond the Earth’s atmosphere, the Falcon 9’s first stage rotates and returns to land upright on either a concrete pad or one […]
The top 10 countries to be an entrepreneur in 2018
For the third year in a row, Germany is the world’s best country to be an entrepreneur, according to the U.S. News & World Report‘s annual “Best Countries” rankings. “The top 10 countries to be an entrepreneur have been largely unchanged for the past three years, with Germany and Japan […]
New bipartisan bill would protect young immigrants and fund border security, but neglects the wall
Two senators are introducing compromise legislation that would help achieve legal status for hundreds of thousands of immigrants who entered the U.S. illegally as children. The bill calls for bolstering border security by 2020. But it does not explicitly provide money for a border wall with Mexico, the focus of […]
Trump attacks Democrats over health-care funding, citing protests in Britain
President Donald Trump is citing protests over health care funding in Britain to attack Democrats for “pushing for Universal HealthCare.” Trump says on Twitter Monday: “The Democrats are pushing for Universal HealthCare while thousands of people are marching in the UK because their U system is going broke and not […]
Stocks making the biggest moves premarket: WFC, AVGO, QCOM, BMY, BA, AAPL & more
Check out which companies are making headlines before the bell: Wells Fargo – Federal Reserve said it is restricting the bank’s size in response to “widespread consumer abuses.” Wells Fargo said it will replace four board members, three by April. The bank’s shares were downgraded by at least five firms […]
Macy’s launches pop-up marketplaces in its stores
Macy’s is opening its doors to pop-ups in a new marketplace concept called “The Market @ Macy’s.” The program gives pods of space to a handful of brands and companies on Macy’s ground floor to promote or sell their products. It is aimed at giving Macy’s customers more variety to […]
Amtrak blames freight train operator CSX for its deadly South Carolina crash
Amtrak blamed a freight rail operator for causing a crash on Sunday that killed two people and injured more than 100 others when one of its passenger trains was diverted onto a side track and slammed into a parked, unmanned freight train in South Carolina. In the U.S. passenger rail […]
Broadcom is expected to ratchet up the pressure by sweetening its bid for Qualcomm
Broadcom plans to unveil a new approximately $120 billion offer for Qualcomm on Monday, aiming to ratchet up pressure on its U.S. semiconductor peer to engage in negotiations, people familiar with the matter said on Sunday. The move comes ahead of a Qualcomm shareholder meeting scheduled for March 6, when […]