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
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
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
Beijing/Hong Kong CNN Business — Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot gear, on Wednesday, according to videos shared over social media. The videos show hundreds of workers facing off with law enforcement officers, many in white hazmat suits, on the Foxconn campus in the central Chinese city … Read more
Fresh China COVID-19 worries are threatening to nix any preholiday gains for Wall Street, with stock futures in the red and the dollar higher ahead of Monday’s open. In a shortened week that will bring both Thanksgiving and the World Cup kickoff, investors have all sorts of excuses to head to the sidelines. Those sticking … Read more
Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday season. Nvidia reported fiscal third-quarter revenue that was slightly better than analysts’ reduced expectations Wednesday, but the numbers weren’t … Read more
CNN Business — When Apple announced at its closely-watched September product launch event that it would soon introduce an Emergency SOS feature powered by a network of satellites orbiting above Earth, Brooklyn probably wasn’t the secluded location most had in mind for using it. But on a rainy afternoon last week, I found myself trying … Read more
According to Fed Reserve Gov. Christopher Waller and several strategistslast week’s softer-than-expected October CPI that sent the S&P 500 to its best level in five months was overdone. His words may be getting through as stock futures point to a softer start as the last full week before Thanksgiving kicks off. We’ll also get retail … Read more
Image: LG The price of gadgets is only going to continue to increase, making the sting of accidentally dropping your smartphone or tablet and watching the screen shatter to thousands of pieces even more painful. But what if screens were the most durable part of a touchscreen device? That’s a future I’m ready for, and … Read more