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395 Results / Page 6 of 44

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iPhone
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Apple shares fall on fears iPhone demand is weakening for the holidays

Apple shares fall on fears iPhone demand is weakening for the holidays Via CNBC.com: Apple shares closed down slightly negative Thursday, paring back losses of as much as 3% following a report about weakening iPhone demand heading into the holidays. A Bloomberg report Wednesday night said Apple warned its suppliers demand is lower than expected for new iPhones, rattling the stock that resisted the omicron-fueled volatility in the market this week. […]

today12/03/2021 44

Block
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Jack Dorsey’s Square changes corporate name to Block

Jack Dorsey’s Square changes corporate name to Block Via CNBC.com: Square is renaming itself Block as it focuses on technologies such as blockchain and expands beyond its original credit card-reader business. Jack Dorsey’s payments giant said in an announcement that the new name, effective Dec. 10, “acknowledges the company’s growth” and “creates room for further growth.” Block will still trade under the ticker SQ on the New York Stock Exchange. […]

today12/02/2021 13

Qualcomm
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Qualcomm jumps into hot gaming market with new chip for portable game consoles

Qualcomm jumps into hot gaming market with new chip for portable game consoles Via CNBC.com: Qualcomm introduced a new Snapdragon G3x microchip on Wednesday for handheld consoles in a sign of gaming’s rising importance for semiconductor companies. The announcement shows Qualcomm wants a piece of the hot gaming market, where AMD and Nvidia, which power game consoles from Microsoft, Sony and Nintendo, are seeing huge growth. The chip will debut […]

today12/02/2021 15

Oil
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Oil may hit $150 and a surge could ‘definitely escalate an inflation scare,’ says Jefferies

Oil may hit $150 and a surge could ‘definitely escalate an inflation scare,’ says Jefferies Via CNBC.com; Oil prices could move “a lot higher” from current levels given the world’s deep reliance on fossil fuels and may hit $150, says Christopher Wood from Jefferies. “In a world that really reopens — which is a big ‘if’ — the oil price can go significantly higher,” Wood, global head of equity strategy […]

today12/01/2021 12

Coffee
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Coffee prices are at 10-year highs, and analysts say they have much further to go

Coffee prices are at 10-year highs, and analysts say they have much further to go Via CNBC.com: Coffee prices have reached a 10-year high, and analysts expect tightness in the market to continue all the way into 2023. Coffee contracts for December delivery ended Monday’s trading session at $2.34 per pound. On Thursday, coffee futures on New York’s Intercontinental Exchange reached $2.46, marking the highest price since 2011, when the […]

today12/01/2021 45

Consumer Reports
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Democrat-led House passes billions for EVs as Consumer Reports rates them poor for reliability

Democrat-led House passes billions for EVs as Consumer Reports rates them poor for reliability Via CNBC.com: The Democrat-led House approved billions of taxpayer dollars for electric vehicles as Consumer Reports assigned poor reliability ratings for some of the newest electric models. Gasoline and gas-hybrid vehicles rated highest, according to the Consumer Reports 2021 Auto Reliability Report. Tesla, which manufactures only fully electric vehicles, ranked at the bottom of the list next […]

today11/29/2021 37

Black Friday shopping
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Black Friday shopping in stores drops 28% from pre-pandemic levels

Black Friday shopping in stores drops 28% from pre-pandemic levels Via CNBC.com: Traffic at retail stores on Black Friday dropped 28.3% compared with 2019 levels, as Americans shifted more of their spending online and kicked off their shopping earlier in the year, according to preliminary data from Sensormatic Solutions. Traffic was up 47.5% compared with year-ago levels, Sensormatic said. This time in 2020, many shoppers stayed at home due to […]

today11/29/2021 13

EV
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Ford plans to increase EV production to 600,000 vehicles by 2023

Ford plans to increase EV production to 600,000 vehicles by 2023 Via CNBC.com: Ford Motor plans to increase its production capacity of electric vehicles to 600,000 units globally by 2023, which CEO Jim Farley expects would make the company the second-largest U.S.-based producer of EVs, behind Tesla. Farley said the increase would double the number of EVs the company had initially expected to produce over the next 24 months, according […]

today11/19/2021 21

Home Construction
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New Home Construction Slows And Falls Short of Expectations Amid Shortages and Bidenflation

New Home Construction Slows And Falls Short of Expectations Amid Shortages and Bidenflation Via Breitbart: Homebuilders started construction on fewer new homes in October, defying expectations that rising real estate prices would amp up construction. Housing starts, which measure the start of construction of a new home, fell to a seasonally adjusted annualized rate of 1.52 million last month, Census Bureau data showed Wednesday. September’s starts were revised down 1.53 […]

today11/18/2021 16

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