Apple Reports Decline in Sales and Profit Amid Iphone Struggles in China
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GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - World -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - Business -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
Apple agrees to $35 million settlement with some iPhone 7 users
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.CBS News - Top stories - Apple -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World -
Report: New, Slimmer iPhone Coming in 2025
A leading tech news site say Apple will release a pricier, thinner model in September 2025, along with the iPhone 17.Inc. - Business -
Mets' Diaz open to change in role amid struggles
Struggling star Edwin Díaz is open to a change in role -- even if it means losing his job as the closer -- in an effort to help the slumping Mets.ESPN - Sports - US Open -
Apple could owe you up to $349 in the iPhone 7 settlement. The deadline to register is coming up.
To qualify, you’ll need a piece of information from Apple.MarketWatch - Business - Apple -
People who had an iPhone 7 may qualify for piece of $35 million Apple settlement
If you were once an owner of the iPhone 7, or its larger sibling the iPhone 7 Plus, you could qualify for a piece of the $35 million settlement Apple has agreed to pay out.The Hill - Politics - Apple -
China’s spy threat is growing, but the West has struggled to keep up
For years, Western spy agencies have talked of a need to focus on China, but senior officials say the threat has not been taken seriously enough.BBC News - Top stories - China -
China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments.CNBC - Business - China -
China pledges $42 billion in a slew of measures to support the struggling property sector
Chinese authorities pledged new support for state-owned enterprises to enable them to buy unsold apartments, in an effort that could help developers get more funding to finish construction on pre-sold properties.NBC News - Top stories - China -
Putin meets Xi as Russia-China ties flourish amid tension with U.S.
Xi Jinping welcomes Vladimir Putin to Beijing - talking peace in Ukraine amid a backdrop of war and growing tension with the U.S. and NATO.CBS News - Politics - China -
Microsoft Asks Some China Staff to Relocate Amid Sino-US Tensions
The group of mostly Chinese nationals work on cloud computing and machine learning, which are now flashpoints in the growing U.S.-China rivalry.Inc. - Business - China -
China consumption slows as retail sales and investment data disappoint
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.CNBC - Business - China -
Microsoft Asks Hundreds of China-Based AI Staff to Consider Relocating Amid U.S.-China Tensions
The request comes as the Biden administration toughens controls on China’s access to cutting-edge American technology.The Wall Street Journal - Tech - China -
Canada Goose jumps 16% after the company reports growth surge in China
Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter.CNBC - Business - China -
HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Ping An last year had supported a shareholder motion to spin off HSBC's Asia business and establish fixed dividends. The motion was eventually defeated.CNBC - Business -
Apple Makes It Easier to Stare at Your Phone in the Car
Plus: Sony Music tries to keep its catalog out of the clutches of AI, there’s a towering new Lord of the Rings Lego set, and Google’s new AI features march onto the web.Wired - Tech - Apple -
6 Best Cheap Smartphones (2024): iPhone, Android, 5G
There’s little reason to pay top dollar for a smartphone. These iPhones and Android devices—ranging from $150 to $500—stood up to WIRED’s testing.Wired - Tech -
AI companies seek big profits from ‘small’ language models
Microsoft, Meta and Google have released new versions with fewer ‘parameters’ that are cheaper to build and trainFinancial Times - Business - Artificial Intelligence -
Bidet sales are flush with success
Bidets are common in Asia but are only just now catching on in America. Contributor Kelefa Sanneh finds out what's behind this recent stateside surge in interest and checks out some of the options from Toto, the global leader in bidet sales.CBS News - Top stories - Joe Biden -
Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term
India has witnessed signs of democratic backsliding that has become apparent during the Modi era, observers and critics say.CNBC - Business -
'Back to Black' Review: Amy Winehouse's Songs and Struggles
Marisa Abela plays the Grammy-winning British singer in this vivid, pain-filled biopic directed by Sam Taylor-Johnson.The Wall Street Journal - World -
Elected officials share personal mental health struggles
Sen. John Fetterman of Pennsylvania and Harris County Texas Judge Lina Hildago are some of the most outspoken elected officials telling Americans it's okay to not be okay. Both officials have taken leaves of absence for their mental health ...CBS News - Top stories -
Apple Apologized for Its 'Crush' Ad. Steve Jobs Would be So Disappointed
Has Apple's rebel identity gone soft?Inc. - Business - Apple -
Samsung trolls Apple after failed iPad Pro "crush" ad
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."CBS News - Top stories - Apple -
Amazon Is Hosting a Massive Book Sale
Ebooks, paperbacks, and hardcover editions are deeply discounted through May 20.Wired - Tech - Amazon -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
Tiger Woods defies calls to retire after latest struggles at US PGA
Tiger Woods has vowed to “fight until the end” as a dispiriting performance at the 106th US PGA Championship prompted renewed calls for the 15-time major winner to retire.Yahoo Sports - Sports - Golf -
As Edwin Diaz struggles with confidence, Mets mull closer's role
Carlos Mendoza said the Mets will "stay the course" with Edwin Diaz at closer during his struggles, but didn't rule out moving him out of the ninth-inning role as Diaz admits his confidence is low.Yahoo Sports - Sports - MLB -
Still Without Power, Houston Residents Struggle to Stay Cool
As stifling heat settled over the city, the local electricity provider said most service would return by late Sunday. But hard-hit areas could remain dark for days longer.The New York Times - Top stories -
Cruise ship passengers isolating amid bug outbreak
P&O says it stepped up cleaning protocols following reports of "gastrointestinal symptoms" on board.BBC News - Top stories -
Biden to deliver commencement at Morehouse amid protest fears
President Biden is set to give the commencement address at Morehouse college as protests over the war in Gaza and Biden’s support of Israel have enveloped college campuses around the country. NBC’s Aaron Gilchrist reports for Sunday TODAY.NBC News - Politics - Joe Biden -
The Morning Risk Report
U.S. blocks imports from 26 more Chinese companies over forced labor concerns, and the U.S. pitches deal to ease sanctions on Israeli businessman in a quest for metals. Also, Microsoft asks hundreds of China-based AI staff to consider relocating ...The Wall Street Journal - World -
The Cost of Competing With China
The Biden administration is betting that new China tariffs will be politically popular, even if they could slow the transition from fossil fuels.The New York Times - Top stories - China -
‘Is this creepy?’ I want to give my 13-year-old daughter her late grandfather’s iPhone. A refurbished model costs $200.
“It could be something to remember him by, as they were close.”MarketWatch - Business -
Barn Find 1983 Mazda RX-7 For Sale
Yahoo News - World -
Cash Crunch May Force Sale of Stability AI
As tech giants start to dominate the artificial intelligence market, smaller players feel the squeeze.Inc. - Business -
Aristocrat to Consider Sale, Spinoff of Game Developers
Australia-based slots and digital gaming company Aristocrat Leisure will consider a sale or a spinoff of two game developers that no longer fit in as well in its portfolio.The Wall Street Journal - Business