Apple Reports Decline in Sales and Profit Amid Iphone Struggles in China
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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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
Taiwan's new president urges China to stop its 'intimidation' and 'choose dialogue over confrontation'
Taiwan's new President Lai Ching-te urged China to stop its hostile political and military threats against the island and work toward regional peace on Monday.CNBC - Business - China -
Ryanair Announces Buyback as Profits Jump
The low-cost carrier will buy back $761 million worth of shares after its core earnings for the fiscal year rose 34%, and said it expected passenger numbers to increase depending on how well Boeing handles its delivery delays.The Wall Street Journal - World -
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 -
We are all being crushed by Apple’s techtopians
A behind-the-scenes look at the work of Rutherford Hall, critical communications strategistFinancial Times - Business - 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 -
'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 -
Palestinians Struggle for Food and Water After Fleeing Rafah
Many of the 800,000 who left the city huddle in tents on a crowded beach, with little in the way of amenities or humanitarian aid. “It’s a constant battle for survival,” a refugee says.The Wall Street Journal - World -
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 -
Li Auto's First-Quarter Net Profit Fell Despite Higher Revenue
The Chinese electric-vehicle maker’s first-quarter net profit dropped 36% despite higher revenue, though the company maintained a gross margin above 20%.The Wall Street Journal - World -
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 -
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 -
Trex, a maker of weatherproof decking, will invest $450 million to boost capacity and give the company a firm footing in the South, bucking forecasts for a decline in home-improvement spending.
Trex, a maker of weatherproof decking, will invest $450 million to boost capacity and give the company a firm footing in the South, bucking forecasts for a decline in home-improvement spending.The Wall Street Journal - World -
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 -
Many Armies Struggle for Recruits. In Sweden They Turn Them Away.
American and European militaries are straining to reinforce their ranks to deter Russia. Sweden’s answer is to conscript only the brightest and best.The Wall Street Journal - World -
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 -
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 -
Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level
Dublin-based Ryanair said full-year profit after tax jumped 34% and announced a 700-million-euro share buyback program.CNBC - Business -
$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says
The boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an IPO this year.CNBC - Business