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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. […]

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. […]

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 […]

Roku shares drop after streaming company misses revenue estimates Via CNBC.com: Roku shares dropped in after-hours trading Wednesday after the company reported a third-quarter revenue that missed expectations. The company’s revenue came in at $680 million, just below a Refinitiv forecast of $683.4 million. That’s still up 51% from a year earlier. Roku’s earnings per share of 48 cents, however, topped expectations for earnings of 6 cents. Active accounts on […]