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Monthly Archives: August 2018

Xiaomi to focus on mid-to-high tier market in China, CFO says

Anthony Kwan | Bloomberg | Getty Images An employee, left, hands a Xiaomi Corp. branded shopping bag to a customer inside a Xiaomi store.  “The market’s average selling price increased 15 [percent on-year] in the second quarter,” Xi Wang, a senior market analyst at IDC China, wrote in a report. …

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Apple removes Facebook Onavo app from App Store

Josh Edelson | AFP | Getty Images Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Apple has removed Facebook’s Onavo security app from the App Store because it does not comply with …

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Facebook executive Dan Rose is leaving

Drew Angerer | Getty Images News | Getty Images Mark Zuckerberg, chief executive officer of Facebook, Dan Rose, vice president, partnerships at Facebook, and Sheryl Sandberg, chief operating officer of Facebook, attend the annual Allen & Company Sun Valley Conference, July 12, 2018 in Sun Valley, Idaho. Every July, some …

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Pardon for Trump’s ex-campaign boss Paul Manafort has not been ‘up for discussion’

Leah Millis | Reuters White House Press Secretary Sarah Sanders holds the daily briefing at the White House in Washington, August 22, 2018.  White House Press Secretary Sarah Huckabee Sanders said on Wednesday that President Donald Trump was not discussing a potential pardon for his ex-campaign chairman Paul Manafort, a …

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Apple’s rally makes CEO Tim Cook $120 million richer

David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Inc., waves after speaking during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 12, 2017. Apple’s impressive market rally this year is about to make CEO Tim Cook $120 …

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New York state has subpoenaed Michael Cohen in Trump Foundation probe

Brendan McDermid | Reuters President Donald Trump’s personal lawyer Michael Cohen arrives at his hotel in New York City, June 20, 2018. Investigators in New York have subpoenaed President Donald Trump’s former personal lawyer Michael Cohen as part of a probe of the Trump Foundation. “A subpoena has been issued …

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Auto stocks drop globally on weak outlook from German tire maker, Trump threat

Luke Sharrett | Bloomberg | Getty Images A worker loads automotive tires onto a conveyor belt at the Continental Tire Sumter plant distribution warehouse in Sumter, South Carolina. A fresh profit warning from the world’s second-largest automotive parts supplier is pressuring a number of auto-related stocks across Europe and the …

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DNC reveals failed attempt to hack voter data

Chip Somodevilla | Getty Images Democratic National Party Chairman Tom Perez speaks as about 300 people rally to protest against President Donald Trump’s firing of Federal Bureau of Investigation Director James Comey outside the White House May 10, 2017 in Washington, DC.  The Democratic National Committee found a suspected attempt …

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Apple, on track for its best month since 2013, could see a breather

It’s been a record-making month for Apple. It crossed a $1 trillion market cap at the beginning of August, a Wall Street first, and has notched eight separate all-time highs since then. Its rally also has put it on track for its best one-month gain since July 2013. The charts …

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One Dow stock is quietly making new highs for the first time in years

Quietly, one major Dow stock is making new highs, and no one is talking about it. After being stuck in a sideways range since early 2013, Verizon is finally breaking out, hitting its highest level in two years this week. The stock has rallied 18 percent during the last three …

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