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Apple stock sank to its lowest level of the year on Tuesday amid news of weak iPhone sales in China...
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Wall Street’s fears about Apple’s prospects in the region look like “a horror show” right now, said one analyst...
Continue ReadingInternational Business Machines Corporation (NYSE:NYSE:IBM) Morgan Stanley Technology, Media and Telecom Conference Call March 5, 2024 11:00 AM ETCompany.....
Continue ReadingBerkshire is the second-largest holder of the stock. It sold 1% of its position in the last quarter of 2023...
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Despite lofty US tariffs on Chinese automakers, US carmakers are already going head-to-head with Chinese producers in South American and European markets. Stella Li, BYD (BYDDY) Executive VP, claims that trade restrictions won't help US carmakers, as only technological investment will determine "the final winner." Tesla's (TSLA) Elon Musk claims, however, that trade restrictions keep US automakers from being "demolished." Robinson Meyer, Heatmap Founding Executive Editor, joins Yahoo Finance to discuss the landscape of the EV market and the competition between the US market and Chinese automakers. Meyer explains that tariffs will continue to be a stumbling block for regulators and auto suppliers: "What we're seeing is that auto markets, especially European auto markets, are having a hard time figuring out exactly how to craft trade protections that on the one hand, keep this deluge of very cheap cars from China out of their domestic markets, protecting their local automakers and on the other hand... that keep local automakers, either domestic automakers, whether that's Volkswagen (VOW.DE) or Peugeot (STLA) in Europe, or Ford (F) and GM (GM) in the US, competitive and at the cutting edge of vehicle technology. I don't think any company or country has solved this problem yet but I think this is a major policy question going forward, specifically for the United States and Europe." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino...
Continue ReadingApple is winding down Project Titan, as the EV space has shrinking margins, making it difficult to maintain profitability. Read what's next for AAPL stock...
Continue ReadingWe also talk with Carrie Sun, author of "Private Equity," for a behind-the-scenes look at life at a hedge fund...
Continue ReadingA federal appeals court on Tuesday refused to hold five major technology companies liable over their alleged support for the use of child labor in cobalt mining operations in the Democratic Republic of the Congo. In a 3-0 decision, the U.S. Court of Appeals for the District of Columbia ruled in favor of Google parent Alphabet , Apple, Dell Technologies, Microsoft and Tesla, rejecting an appeal by former child miners and their representatives...
Continue Reading(Bloomberg) -- Apple Inc.’s move to shutter its electric car efforts and divert those resources to artificial intelligence projects might have emboldened traders a year ago. Instead, the stock’s slump has only deepened.Most Read from BloombergApple’s iPhone Woes in China Deepen With a 24% Sales PlungeGold Climbs to Record as Momentum Builds on Bets Over Fed PivotAmerica Blew Almost $2 Trillion. Make It Stop.Tech Giants Drag Down US Stocks After Torrid Rally: Markets WrapAMD Hits US Roadblock in...
Continue ReadingStock market indices have been propped up on the success of the Magnificent Seven tech stocks up until late. As market gains begin to slow, is the aptly named tech stock group likely to become a set of laggards rather a catalyst? BTIG Managing Director and Chief Market Technician Jonathan Krinsky speaks on the bifurcation now evident, namely in Magnificent Seven components like Apple (AAPL). "The two longest streaks we saw were in 2006 and 2014. So when they ended, neither of them marked any sort of major top," Krinsky tells Yahoo Finance. "We're certainly overdue for maybe a bit of a shakeout. And then within the Nasdaq 100, we are starting to see some dispersion and bifurcation... where last year was pretty much a uniform move higher for the Magnificent Seven. We've now started to see that breakdown..." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan...
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