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The Japanese yen hit its highest level since March against the U.S. dollar on Wednesday evening after what some traders are calling a “flash crash.” At around 5:35 p.m. ET on Wednesday, Japan’s currency traded around 104.80, up about 4 percent in a sudden move. Earlier in the day, the …
Read More »Yearly Archives: 2019
Here’s Tim Cook’s plan to get more people to upgrade their iPhones
Justin Sullivan | Getty Images Apple CEO Tim Cook (L) takes a picture with David Casarez (R) who just purchased the new iPhone X at an Apple Store on November 3, 2017 in Palo Alto, California. After warning investors to expect lower revenue for Apple’s first quarter earnings, CEO Tim …
Read More »General Motors names long-time insider Mark Reuss as its president
Getty Images Mark Reuss, General Motors Executive Vice President Global Product Development, speaking last January. General Motors named long-time insider Mark Reuss as its president, effective immediately. Reuss formerly led GM’s global product group and Cadillac. His duties will now include overseeing GM’s quality organization. GM reported fourth-quarter sales on …
Read More »Apple stock falls after cutting Q1 guidance on weak iPhone sales
Apple is set to open more than 8 percent lower Thursday, a day after slashing first-quarter revenue guidance in a rare acknowledgement of waning sales. That plunge would make for Apple’s worst day of trading since 2013 if the losses hold, and it extends a painful year-end trend for Apple …
Read More »General Motors sales slip as it places big bet on pickup trucks
Rene Johnston | Toronto Star | Getty Images SUVs at a Chevrolet dealership in Oshawa, ON. General Motors’ sales slipped during the fourth quarter, but the automaker said pickup trucks, sport utility vehicles, and crossovers are still selling strong. The largest U.S. automaker said Thursday its Chevrolet and GMC brands …
Read More »Tim Cook on China after revenue forecast slashed
ARis Oikonomou | AFP | Getty Images Tim Cook, CEO of Apple, speaks in Brussels, on October 24, 2018. Apple Chief Executive Tim Cook has blamed an economic slowdown in China, and the Sino-U.S. trade war, for its downgrade to its first-quarter sales guidance. That marks a dramatic change in …
Read More »China lands Chang’e 4 spacecraft, first on far side of the moon
China News Service | Visual China Group | Getty Images Wu Weiren, chief designer of China’s lunar probe program, talks about the Chang’e-4 rover at the Diaoyutai State Guesthouse on August 15, 2018 in Beijing, China. China successfully landed the Chang’e 4 spacecraft on the far side of the moon …
Read More »Former Bernie Sanders aide who joked about harassment now chief of staff
Al Drago | Bloomberg | Getty Images Senator Bernie Sanders, an Independent from Vermont, speaks to members of the media following a briefing on the murder of U.S-based columnist Jamal Khashoggi with U.S. Secretary of State Mike Pompeo on Capitol Hill in Washington, D.C., U.S., on Wednesday, Nov. 28, 2018. …
Read More »Stocks making the biggest moves after hours: Apple, Netflix and more
Greg Baker | AFP | Getty Images Customers look at products in an Apple store in Beijing on December 11, 2018. Check out the companies making headlines after the bell: Apple shares fell 7 percent as the company lowered its first-quarter-revenue forecast on Wednesday. The company said it now expects …
Read More »Cook says he isn’t worried about China visits after Huawei CFO arrest
VCG | Getty Images Apple CEO Tim Cook attends China Development Forum 2017 – Economic Summit at Diaoyutai State Guesthouse on March 18, 2017 in Beijing, China. Apple CEO Tim Cook isn’t worried about traveling to China in the wake of the Huawei CFO’s recent arrest on U.S. warrants, dismissing …
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