Flash flooding traps drivers on NYC roads after storms dump 4″ of rain on Big Apple
A powerful storm battered New York on Wednesday, dumping up to four inches of rain in just a few hours, causing dangerous flash flooding and leaving drivers trapped in their cars. New York City’s Office of Emergency Management told the Post that “several people” had to be rescued from vehicles trapped by rising waters at […]
Google antitrust ruling may pose $20 billion risk for Apple
FOX Business’ Lydia Hu reports on how Google may be held liable in the Varney & Co. case. A U.S. court ruling that Alphabet’s search giant is operating an illegal monopoly could threaten lucrative contracts with Apple and Google. Wall Street analysts said Tuesday that Google could end its agreement to make its search engine […]
Warren Buffett’s Berkshire cuts Apple stake by half, boosts cash stockpile to $277B
Neuberger Berman Senior Research Analyst Dan Flax predicts earnings for big tech companies and which stocks are well-positioned. Warren Buffett’s Berkshire Hathaway The company plans to sell about half of its Apple shares, increasing its cash holdings to about $277 billion, according to figures released on Saturday. Berkshire’s quarterly report It suggests that the 93-year-old […]
Warren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake
OMAHA, Neb. (AP) — Billionaire Warren Buffett has pared back Berkshire Hathaway’s large holdings of Apple stock, a move that could send shivers down the stock market as a whole, not only because Buffett is highly respected but also because there has been little positive financial news recently. Just two years ago, Buffett called Apple […]
Apple beats earnings forecast despite decline in iPhone sales | Apple
Apple reported better-than-expected profits for the third quarter of 2024, with buzz about new AI capabilities helping to offset continued declines in key market China. Despite a decline in iPhone sales compared to the same period a year ago, revenue beat analyst expectations, rising 4.9 percent to $85.78 billion for the three months ended June […]
Apple asks judge to dismiss DOJ's antitrust lawsuit
Apple is asking a federal court to dismiss an antitrust lawsuit filed by the Department of Justice (DOJ) and 16 state attorneys general against the company for maintaining an illegal monopoly on the smartphone market. The tech giant argued in a filing on Thursday that it is not a monopoly and that its design choices […]
US Cyber Authorities Call For Immediate iOS Update For Millions Of Apple Users
US cyber authorities have issued an urgent urging for millions of Apple users to immediately update their devices to iOS 17.6, which was released on Monday. US Cybersecurity Authorities Urged Apple users should update their Apple devices to the latest iOS version as soon as possible to protect themselves from potential hacking threats. The Cybersecurity […]
Dow Jones Futures: Fed Meeting, Mag 7 Apple, Amazon, Meta, Microsoft Earnings Loom – Investor's Business Daily
Dow Jones futures fell ahead of the stock market open on Tuesday, along with S&P 500 futures and Nasdaq 100 futures. The Federal Reserve’s policy meeting gets underway on Tuesday, followed by big earnings reports from the Magnificent Seven companies. apple (AAPL), Amazon (Amazon), Meta Platform (Meta) and Microsoft (MSFT) is due to be released […]
Apple releases first version of iPhone AI with improved Siri, generated photos and messages
Apple on Monday made major changes to Siri, unveiling the first version of Apple Intelligence, a suite of AI features that generate emails, images and organize notifications. The Cupertino, California-based company made the release available for testing only to registered software developers. iOS 18.1 beta version. The developer program costs $99 per year. According to […]
Apple delays highly-touted AI features until after initial iPhone, iPad upgrades: report
Apple’s next artificial intelligence features will arrive later than expected and won’t be available in time for the first release of the company’s next software refresh for the iPhone and iPad, Bloomberg News reported Sunday. The iPhone maker plans to start rolling out Apple Intelligence to customers as part of a software update scheduled by […]