Anadolu Agency | Anadolu Agency | Getty Images You’re here and SpaceX CEO Elon Musk, who is also the new owner and CEO of Twitterbashed Apple this week after claiming the company has threatened to remove the Twitter app from its App Store, accusing the company of hating “free speech.” The Twitter app is still … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Bounce back? Wall Street is looking for a rebound after Monday’s rout, which came as investors … Read more
New York CNN Business — Elon Musk on Monday claimed that Apple has “threatened” to pull Twitter from its iOS app store, a move that could be devastating to the company Musk just acquired for $44 billion. “Apple (AAPL) has also threatened to withhold Twitter from its App Store, but won’t tell us why,” Musk … Read more
Elon Musk said that his company SpaceX cannot fund the Starlink service in Ukraine “indefinitely.” Michael González | Getty Images News | Getty Images Twitter owner Elon Musk claimed on Monday in a series of tweets that Apple had threatened to remove the Twitter app from the App Store as part of its app review … Read more
Shares of Apple fell nearly 2% Monday after Bloomberg reported the company could see a production shortfall of nearly 6 million iPhone Pro models because of unrest at a Foxconn factory in China. Bloomberg, citing a source, said Apple and its contract manufacturer Foxconn do expect to be able to make up that shortfall in … Read more
If the rest of the world would simply do what is expected of it, we would have a decent stock market and more prosperity with less inflation. That just isn’t the case right now. We are in a seasonably strong period — that’s for certain. We seem to have decent retail sales on tap, at … Read more
hong kong CNN Business — A violent workers’ revolt at the world’s largest iPhone factory this week in central China is further scrambling Apple’s strained supply and highlighting how the country’s stringent zero-Covid policy is hurting global technology firms. The troubles started last month when workers left the factory campus in Zhengzhou, the capital of … Read more
Proposed G-7 price cap may not have any effect whatsoever on Russia, says Wood Mackenzie The Group of Seven (G7) nations’ proposed price cap for Russian oil of between $65 and $70 a barrel may not be a significant deterrent for Moscow, according to Wood Mackenzie. The planned cap is not expected to make a … Read more
BEIJING — Police beat workers protesting over a pay dispute at the biggest factory for Apple’s iPhone, whose new model is delayed by controls imposed as China tries to contain a surge in COVID-19 cases. foxconn 2354, +0.20%, the biggest contract assembler of smartphones and other electronics, is struggling to fill orders for the iPhone … Read more
hong kong CNN Business — Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces at the compound in central China. The Apple supplier made the offer Wednesday following dramatic scenes … Read more