Four of the country’s most prominent tech CEOs are slated to testify before a House panel on Monday, but that highly anticipated hearing may be delayed due to plans for the late Representative John Lewis to remain in state on the US Capitol. U.S. House Speaker Nancy Pelosi, a Democrat …
Read More »Apple reportedly delays launch of new iPhone 5G until October
An Apple store in Sydney, Australia. Bloomberg news Apple is reportedly delaying a fall launch event for its next batch of iPhones until the “second half of October.” The tech giant was forced to delay its traditional September opening speech due to production delays caused by the coronavirus, according to …
Read More »Shares of Amazon.com Inc. outperform the competition despite the day’s losses
Shares of Amazon.com Inc. AMZN, -3.65% fell 3.66% to $ 2,986.55 on Thursday, in what turned out to be a poor trading session for the stock market, with the S&P 500 Index SPX, -1.23% falling 1.23% to 3,235.66 and Dow Jones Industrial Average DJIA, -1.30% falling 1.31% to 26,652.33. This …
Read More »Tesla shares fell after stellar gains. Here are a few reasons why.
Text size Tesla shares saw an improvement and a decline on Thursday. Both ended in Hold. Emmanuel Dunand / AFP via Getty Images Electric vehicle maker Tesla crushed profit estimates Wednesday night. Initially, its shares appeared in off-hours trading, but closed with a 5% drop on Thursday. Determining Tesla’s stock …
Read More »Intel Stock falls as production woes overshadow earnings
Text size Alexander Koerner / Getty Images Intel shares fell sharply on Thursday after the company said it is experiencing substantial delays in its development of cutting-edge 7-nanometer production technology. That news outshone financial results better than expected. The delays raise troubling new questions about the company’s ongoing problems in …
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