Apple Inc

Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020 at Wall Street in New York City. - US stocks open mixed, Dow -0.4%, Nasdaq +0.1% (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)JOHANNES EISELE | AFP | Getty ImagesThe Nasdaq Composite declined for a fifth straight week — falling 1.40% to 12,144.66 on Friday — marking its longest weekly losing streak since 2012.On Wednesday, the Federal Reserve raised interest rates by 0.5% and warned again of…

Tony Xu, co-founder and chief executive officer of DoorDash Inc.David Paul Morris | Bloomberg | Getty ImagesDoorDash stock rose over 10% in extended trading after the company reported 35% revenue growth in the first quarter, suggesting that the company's core business of delivering takeout food can still grow even after pandemic-driven highs.However, the stock was whacked during regular session trading on Thursday, dropping over 10% during a bad day for markets in general.Here's how DoorDash did versus Refinitiv consensus…

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesCloud companies, e-retailers and household tech names got hammered on Thursday, wiping out hundreds of billions of dollars in market value and pushing the Nasdaq Composite to its worst one-day plunge since June 2020.A day after the Federal Reserve raised its benchmark interest rate by a half point in a bid to stem rising inflation, investors sold out of the part of the market that's generally viewed as…

A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022.Calla Kessler | Bloomberg | Getty ImagesSandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging.It won't be cheap, but Magny doesn't want to miss out on visiting her family. The 40-year-old paralegal, who lives in the Bronx and works in the financial district of Manhattan, is finding there are other things she can do without."I do bring lunch more,"…

Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Zuckerberg testified about Facebook's proposed cryptocurrency Libra, how his company will handle false and misleading information by political leaders during the 2020 campaign and how it handles its users’ data and privacy.Chip Somodevilla | Getty Images News | Getty ImagesFacebook parent Meta is slowing the pace of hiring as it reckons…

Apple CEO Tim CookBrooks Kraft/Apple Inc/Handout via ReutersAn ongoing shortage of chips and other basic materials is forcing some of the world's biggest tech and automotive companies to scale back their targets this year.Apple CEO Tim Cook warned Thursday that the company was "not immune" to supply chain challenges, noting that the iPad business had "very significant supply constraints" during the most recent quarter. The iPhone maker's chief financial officer, Luca Maestri, said there are several challenges that need to…

CEO of Apple Tim Cook attends the 2022 Vanity Fair Oscar Party following the 94th Oscars at the The Wallis Annenberg Center for the Performing Arts in Beverly Hills, California on March 27, 2022.Patrick T. Fallon | AFP | Getty ImagesEurope's antitrust regulator accused Apple of restricting rivals' access to its payment technology, a move that could potentially compel it to change how the company's system works and open it up to a large fine.The European Commission said in a press release Monday that it had "informed Apple…

Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York.Lucas Jackson | ReutersWorkers at an Apple store in Maryland are taking steps to unionize, CNBC confirmed Tuesday. It's the third store to effort a campaign, setting up a potential labor battle with Apple.Organizers at the Towson Mall location, which is near Baltimore, have been coordinating with the International Association of Machinists and Aerospace Workers. The group has signatures from more than 65% of employees who would…

An employee arranges Apple iPhones as customer shop at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan, in New York City, March 18, 2022.Mike Segar | ReutersApple store employees in Atlanta will vote to potentially form the first unionized Apple retail location starting on June 2nd, according to an NLRB filing reviewed by CNBC.If the organizers succeed, the store would become the first unionized Apple retail outlet in the U.S.The Cumberland Mall Apple store location in Atlanta filed for…

Warren Buffett and Charlie Munger at Berkshire Hathaway shareholder meeting, April 30, 2022.CNBCWarren Buffett bought the dip in his No. 1 stock Apple during the tech giant's sell-off in the first quarter.Berkshire Hathaway's chairman and CEO told CNBC's Becky Quick that he scooped up $600 million worth of Apple shares following a three-day decline in the stock last quarter. Apple is the conglomerate's single largest stock holding with a value of $159.1 billion at the end of March, taking up about 40% of its equity…