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Apple’s Slide Topples Last Stock in $2 Trillion Club

A steady slide in Apple Inc. shares pushed the iPhone maker’s market value below $2 trillion, the latest casualty in the tech stock rout. A steady slide in Apple Inc. shares pushed the iPhone maker's market value below $2 trillion, the latest casualty in the tech stock rout. Apple fell as much as 4.2% on Tuesday as concerns about iPhone supply in the important holiday quarter mount and investors lose faith in a reprieve from higher interest rates. The slump sent Apple's market value to $1.98 trillion, ending its

Apple Pauses Hiring for Roles Outside of R&D in Escalation of Cost Cuts

Apple Inc. has paused hiring for many jobs outside of research and development. Apple Inc. has paused hiring for many jobs outside of research and development, an escalation of an existing plan to reduce budgets heading into next year, according to people with knowledge of the matter. The company took the step last month, ahead of a quarterly earnings report where it said that growth would slow in the holiday period. The pause generally doesn't apply to teams working on future devices and long-term initiatives, but