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The S&P 500 futures are up 16.5 points today as the markets await the Fed Chair’s testimony and the US jobs data. On Tuesday, the benchmark indices of the US stock markets tumbled to fresh weekly lows as tech stocks like Tesla, Apple, Amazon, and Microsoft faced notable declines. At press time, the Emini S&P 500 futures stood at 5,107 points. On Wednesday, Fed Chair Jerome Powell is set to appear in front of US Congress, and investors will be closely following his speech for hints of any timeline for…

Updated Jan. 16, 2024 4:48 am ETApple is offering rare discounts in China, including on its latest iPhones, in a bid to beat back growing competition in the high-end market from rivals.The tech giant is running a promotion from Thursday through Sunday in China in which it is cutting the price of iPhones by the equivalent of up to $70. Other products will be discounted by up to $110. The promotion comes ahead of the weeklong Lunar New Year holiday beginning Feb. 10, a customary gift-giving season in China.Copyright ©2024…

Updated Jan. 15, 2024 2:27 pm ETAppleis removing a blood-oxygen sensor from some of its smartwatches to get around a patent dispute related to the technology, a step likely to avoid further sales disruptions but one that may raise questions about the company’s push into health.The company halted sales of some watch models briefly last month after a U.S. import ban went into effect stemming from an October ruling by the U.S. International Trade Commission. The trade agency found Apple had violated the patents of…

Even the deepest pockets have their limits. Amazon and Google-parent Alphabet sit on a combined $184 billion in cash and short-term investments. Those two, along with big tech peers Microsoft, Apple and Facebook-parent Meta Platforms, hold the highest such balances among nonbanking companies on the S&P 500, according to data from S&P Global Market Intelligence. Amazon and Alphabet are also currently generating just under $95 billion combined in annual free cash flow. Copyright ©2024Dow Jones & Company, Inc.…

Apple’s board of directors is getting a shake up.Longtime Apple board member Al Gore is retiring from the board, the company announced Thursday. The former U.S. vice president had been a board member since 2003, a witness of the company’s rise and transformation a few years after the return of co-founder Steve Jobs as chief executive.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Apple’s board of directors is getting a shake up.Longtime Apple board member Al Goreis…

Apple’s new mixed-reality headset will become available in the U.S. starting Feb. 2, setting the stage for the company’s premium-priced offering to compete in a crowded market.The tech giant’s Vision Pro headset, initially unveiled in June, will be available for pre-sale Jan. 19. It represents Apple’s first major new product in years.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Apple’snew mixed-reality headset will become available in the U.S. starting Feb. 2,…

Even if you’ve run out of space on Apple iCloud or Google One, you don’t always have to buy more. Even if you’ve run out of space on Apple iCloud or Google One, you don’t always have to buy more. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of…

Anyone with Apple shares in their portfolio should probably pay attention to what just happened to the share prices of the most valuable company in the world.Overnight, Barclays downgraded the value of stocks in the firm to ‘Underweight,’ falling 3.6% of their value. That’s a seven-week low for Apple as it fights against non-optimal consumer buying power and adverse conditions in certain overseas markets.Why the drop?According to Reuters, Apple had a 2023 that saw a 50% rise over the course of the year — but now,…

Masimo Chief Executive Joe Kiani bet the future of the company he spent three decades building in an expensive legal battle with the world’s most valuable company. So far, he is winning, but it isn’t over.His company, which pioneered a better method for measuring blood-oxygen levels, has spent around $100 million fighting Apple in a dispute that temporarily halted Apple Watch sales. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Masimo Chief Executive Joe Kianibet…

Generative AI will remain huge, and we’ll also see big moves with electric vehicles, Apple’s mixed-reality headset, password security and regulation around social media. Generative AI will remain huge, and we’ll also see big moves with electric vehicles, Apple’s mixed-reality headset, password security and regulation around social media. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the…