Christian Hartmann | Reuters The Swiss Re building in Zurich is shown in this Feb. 19, 2009 photo. Swiss Re reported weaker-than-expected net profit over the first six months of the year, with the world’s second-largest reinsurer citing accounting changes as the main drag on earnings. The company posted net …

Sean Gallup | Getty Images The logo of German insurer Allianz stands on the company’s office buildings at Treptowers in Berlin, Germany. Insurer Allianz reported a 5.2 percent fall in second-quarter net income Friday, highlighting a negative impact from the sale of its traditional life insurance portfolio in Taiwan. Net …

Qilai Shen | Bloomberg | Getty Images Kevin Johnson, chief executive officer of Starbucks Corp., speaks during a Bloomberg Television interview in Shanghai, China, on Thursday, Aug. 2, 2018. Starbucks is joining forces with Alibaba Group Holding Ltd. to begin delivering its drinks and baked goods in China, rolling out an effort to …

Drew Angerer | Getty Images Michael Cohen, former personal attorney for U.S. President Donald Trump, exits the Loews Regency hotel and walks toward a taxi cab, July 27, 2018 in New York City.  Just days before federal agents raided Michael Cohen’s home and office, Donald Trump’s then-personal lawyer secured a …

Bitcoin investors may need to brace themselves for an even bigger drop in the cryptocurrency. In the last week, bitcoin has fallen about 9 percent and returned to the mid-$7,000s. On Thursday, the cryptocurrency was trading at around $7,500, which according to Robert Sluymer, head of technical strategy at Fundstrat, …

China Photos | Getty Images A driver fills his car at a PetroChina gas station in Guangzhou, China. Before Apple hit $1 trillion in market value Thursday, there was Chinese oil giant PetroChina, which reached the milestone more than a decade ago. It did not fare too well after that. …

Chris Jung | NurPhoto | Getty Images Excited newly-released iPhone X customers in Kuala Lumpur, Malaysia. Apple first surpassed $900 billion in market value back on November 8, 2017. Over these last 9 months, Apple’s stock price has risen 18 percent, fairly in line with the Nasdaq-100 index, but far …

Notorious for their bullish leanings, Wall Street analysts have generally followed the resurgence in technology stocks with rosy investment strategies and higher price targets. Canaccord Genuity’s Michael Walkley defended his $220 price target on shares of Apple. “You need earnings to continue to move higher to push the stock materially …

Stephen Lam | Reuters Tim Cook, CEO, holds an iPad Pro after his keynote address to Apple’s annual world wide developer conference (WWDC) in San Jose, California, U.S. June 5, 2017. A developer version of Apple’s new iPad software that was released to developers Wednesday hints at a new iPad …

CNBC’s Jim Cramer gives billionaire entrepreneur Elon Musk high marks for recognizing the need to apologize to the Tesla analysts he dissed three months ago. On Wednesday’s post-results conference call, Musk said, “My apologies for not being polite on the prior call.” The Tesla co-founder and CEO also promised future …