Tag Archives: Apple

Saudi Aramco

Saudi Aramco Is Now the World’s Most Profitable Company

Saudi Aramco Is Now the World’s Most Profitable Company

Saudi Arabia’s state-run oil company Saudi Aramco is by far the world’s most profitable company, according to a note published Monday by credit rating agency Moody’s. The company made a profit of $111 billion in 2018, according to Moody’s based on a prospectus for a bond offering the company expects to use to help it

Dow Overcomes Boeing Slump to Close Up 200, Apple Jumps on Upgrade

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher Monday despite a big decline in Boeing (BA) shares after the deadly crash of a 737 MAX 8 jet over the weekend. Nvidia  (NVDA)  will buy Israel’s Mellanox Technologies (MLNX) for around $7 billion, outbidding chipmaking rival Intel (INTC) for the

An iPhone With a Foldable Screen? Apple Supplier Corning Could Be Working on It

Samsung (SSNLF) may have beaten Apple (AAPL) to the punch with its pricey foldable mobile device, but based on news from Apple glass supplier Corning (GLW) , the Cupertino, Calif.-based company may not be far behind. Corning confirmed to CNBC that it is working on a new flexible screen product after the information was first


Apple Plunges After Hours After Slashing Revenue Forecast

Apple Inc. (AAPL) shares fell sharply in after-hours trading Wednesday after the world’s biggest tech company cut its current quarter revenue forecasts thanks in part to slowing sales in China. In a letter to investors published after the close of trading, Apple CEO Tim Cook said revenue for the three months ending in December would come


Global Stocks Gains Amid Reports of US-China Trade Talk Progress, Brexit Advance

The Thursday Market Minute Global stocks edge higher as reports of progress in U.S.-China trade talks, a well as a move towards clarity in Britain’s Brexit negotiations, gives investors a chance to re-enter risk markets around the world. Shares in Asia were also supported by solid China housing data and a weaker U.S. dollar, with


Tariffs ‘will stifle our global leadership in 5G, create an internet tax on businesses and cause uncertainty for companies,’ CTA says

While Apple Inc. and the smartwatch business is safe from the latest tariffs the Trump administration enacted against China, there are many other potential areas of tech that could be hurt by the levies on $200 billion in Chinese goods. Late Monday, the Office of the U.S. Trade Representative issued a final list of goods


Samsung’s Phone Woes Will Be Hard to Fix Until Big Hardware Innovations Arrive

It’s hardly a shock that sales of Samsung’s (SSNLF) latest flagship phones appear to have been soft last quarter, given the numbers that rivals and chip suppliers have been reporting. The big question now is what innovations can get the smartphone market out of its current rut, and how quickly they’ll arrive. Samsung’s shares fell


3 Key Things to Watch for in Google’s Earnings on Monday

In February, Alphabet’s (GOOGL) shares sold off after the company beat Q4 revenue estimates but missed EPS estimates due to steep revenue-sharing payments and slight margin pressure. Can the Google parent satisfy investors this time around? With Alphabet’s Class C shares down about 10% from a January peak of $1,186, expectations aren’t especially high ahead


Key Takeaways from Microsoft, Qualcomm, Alibaba and PayPal’s Earnings

Microsoft (MSFT) , Qualcomm (QCOM) and PayPal  (PYPL) all reported after the close on Wednesday (along with Facebook), and Alibaba (BABA) reported on Thursday morning. Alibaba fell sharply, as did PayPal, which has been stung by news that eBay (EBAY) will stop using PayPal as its “primary” payments processor in 2020. Microsoft and Qualcomm have