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☆ Stocks making the biggest moves midday: Apple, Expedia, Block, Live Nation and more
▼ + stars: | 2024-05-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Apple — The tech giant jumped more than 6% after announcing it would repurchase $110 billion in shares . That topped analysts' estimates for earnings of $1.50 per share on revenue of $90.01 billion, per LSEG. Block — The payment services provider added 1% after posting first-quarter results that beat analysts' expectations. Live Nation Entertainment — Shares jumped 9% on the back of better-than-expected first-quarter revenue. However, the company beat analysts' expectations for the first quarter.

Persons: LSEG, Piper Sandler, FactSet, Eli Lilly, Cloudflare, Jefferies, —, Alex Harring, Lisa Kailai Han, Michelle Fox, Pia Singh Organizations: Apple, Management, Wall Street, BMO Capital Markets, Expedia, Holdings, bullish Bank of America, Novo Nordisk, Arista Networks, Arista Locations: Thursday's, billings

☆ Stocks making the biggest moves premarket: Apple, Amgen, Cloudflare and more
▼ + stars: | 2024-05-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Hershey — Shares of the chocolate confectionary maker added about 1% after Hershey posted a first-quarter earnings beat. Hershey's $3.25 billion revenue also beat the $3.11 billion consensus. Amgen — Shares soared 13% after the biotech firm posted a first-quarter earnings and revenue beat. Cloudflare — The stock continued to sink, plunging 12% after reporting weak full-year guidance, although Cloudflare posted a first-quarter earnings and revenue beat. However, Coinbase's first-quarter revenue of $1.64 billion beat the $1.34 billion consensus, according to LSEG.

Persons: Hershey, LSEG, Apple, Eli Lilly, Cloudflare, Expedia, Piper Sandler, Fortinet, FactSet, Jefferies, Coinbase's, Benjamin Nolan, — CNBC's Brian Evans, Michelle Fox, Hakyung Kim, Tanaya Macheel Organizations: Hershey —, Apple, Novo Nordisk, BMO Capital Markets, Revenue, Arista Networks, Arista, LSEG . Union Pacific, JPMorgan Locations: billings, LSEG, Stifel

Check out the companies making headlines in after-hours trading: Apple — The iPhone maker advanced 7% as it announced a $110 billion share repurchase and a top- and bottom-line beat. That surpassed analysts' estimates for earnings of $1.50 per share on revenue of $90.01 billion, per LSEG. Expedia posted a beat on first-quarter revenue, which came in at $2.89 billion, surpassing analysts' estimates of $2.81 billion, per LSEG. Block reported adjusted earnings of 85 cents per share on revenue of $5.96 billion in the first quarter. Those results beat analysts' estimates for earnings of 72 cents per share and revenue of $5.82 billion, per LSEG.

Persons: Expedia, Amgen, LSEG, Fortinet, Cloudflare, DaVita, FactSet, —, Christina Cheddar, Berk Organizations: Apple Locations: billings

☆ Apple can't tell you iPhone sales are booming, so it's talking about 'services.' That's a problem.
▼ + stars: | 2024-05-02 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

It didn't boast about iPhone sales, which declined. AdvertisementApple had a great second quarter, Apple says: The company hit an "all-time revenue record in Services," the company reports. And if you head over to the company's financials, you can see why: iPhone sales dropped by 10% in the last three months. Prior to Thursday's earnings, analysts had fretted that Chinese iPhone sales were soft, but on Thursday afternoon, Cook told CNBC that iPhone sales in China were up. AdvertisementAnd, as we've been pointing out repeatedly, Apple's App Store rules are under increasing pressure from regulators around the world — and in the EU in particular.

Persons: —, Cook, I've, it's Organizations: Apple, Service, CNBC, Google, US Department Locations: China, EU

☆ Stocks making the biggest moves midday: Apple, Peloton, Wayfair, Carvana and more
▼ + stars: | 2024-05-02 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Apple — Shares ticked up roughly 2% ahead of the iPhone maker's second-quarter results due after the closing bell. Wayfair said it lost 32 cents per share on an adjusted basis, narrower than the estimate of a loss of 44 cents from analysts polled by LSEG. Etsy reported adjusted earnings of 48 cents per share, while analysts polled by LSEG called for 49 cents a share. EBay said it expects revenue in the range of $2.49 billion to $2.54 billion, while analysts polled by LSEG forecast $2.56 billion. Qorvo now expects earnings of 60 cents to 80 cents per share, while analysts polled by FactSet expected $1.27.

Persons: Barry McCarthy, Wayfair, Cigna, DoorDash, Etsy, LSEG, Zillow, Qorvo, FactSet, — CNBC's Pia Singh, Tanaya Macheel, Samantha Subin, Hakyung Kim, Lisa Kailai Han, Alex Harring Organizations: Apple, —, Qualcomm, LSEG . Revenue, Moderna, LSEG, eBay —, EBay, Revenue

☆ Stocks making the biggest moves midday: Tesla, Roku, Apple, SoFi, Domino's and more
▼ + stars: | 2024-04-29 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

SoFi Technologies — The consumer fintech company's stock price plunged about 10% on disappointing second-quarter earnings guidance. AT & T — The telecommunications stock popped 2.8% after Barclays upgraded AT & T to overweight from equal weight, citing a "mismatch" between the company's valuation and its growth prospects. Apple — Shares rose more than 3% after Bernstein upgraded the tech stock to outperform from market perform. Dave — Shares popped 9.8% after JMP initiated coverage of the fintech company with an outperform rating. Shares popped 9.8% after JMP initiated coverage of the fintech company with an outperform rating.

Persons: FactSet, Tesla, Domino's, LSEG, Roku, David Joyce, Bernstein, Toni Sacconaghi, Dave —, Dave, AMC preannounced, Bob Bakish, —, Sarah Min, Tanaya Macheel, Yun Li, Lisa Kailai Han, Michelle Fox Organizations: Technologies, Elon, Sunday, U.S, Philips —, Philips, Barclays, Seaport Research Partners, Apple, Airlines —, Jeffries, AMC Entertainment Holdings, AMC, Paramount Locations: China, U.S

☆ Stocks making the biggest moves premarket: Tesla, Paramount, Domino's, Southwest Airlines and more
▼ + stars: | 2024-04-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Paramount — The entertainment company saw shares climb more than 5% in premarket trading after reports that its board is preparing to fire CEO Bob Bakish as soon as Monday morning. Domino's Pizza — Shares of the pizza chain jumped more than 5% after a first-quarter earnings beat. Domino's reported $3.58 in earnings per share versus the $3.39 expected by analysts polled by LSEG. Southwest Airlines — The airline stock dipped 1.2% after Jefferies downgraded shares to underperform from hold. The company also said it expects box office performance for the second quarter to remain pressured by last year's strikes.

Persons: Bob Bakish, Domino's, Jefferies, Sheila Kahyaoglu, Bernstein, Toni Sacconaghi, —, Sarah Min, Yun Li, Michelle Fox, Pia Singh, Jesse Pound Organizations: Paramount, LSEG, Southwest Airlines —, Apple, Barclays, AMC Locations: LSEG ., China

☆ Intel used to dominate the U.S. chip industry. Now it's struggling to stay relevant
▼ + stars: | 2024-04-26 | by ( Kif Leswing | ) www.cnbc.com time to read: +16 min

David Paul Morris | Getty Images News | Getty ImagesThe iPhone could have had an Intel chip inside. It would've made sense to use Intel chips, which ran on the best desktops at the time, including Apple's Macs. Braithwaite, who worked at Intel in the 1980s, said Intel's process engineers were the company's "crown jewels." Intel doesn't have a GPU competitor to Nvidia's AI accelerators, but it has an AI chip called Gaudi 3. For comparison, AMD expects about $2 billion in annual AI chip revenue.

Persons: Pat Gelsinger, Seth Wenig, Gelsinger, Biden, Nicholas Braithwaite, Akshara Bassi, It's, Steve Jobs, David Paul Morris, Apple, Paul Otellini, Walter Isaacson's, Otellini, Isaacson, Jobs, Apple didn't, Apple —, TSMC, Mikako Kitagawa, Joe Biden, Brendan Smialowski, Braithwaite, Gordon Moore, Moore's, Brian Krzanich, 7nm —, TSMC didn't, Jensen Huang, Josh Edelson, OpenAI, Gaudi, Intel's, it's, Bassi, CNBC's Jon Fortt Organizations: Intel, Taiwan Semiconductor Manufacturing Company, Nvidia, Micro Computer, Qualcomm, Broadcom, Texas Instruments, AMD, Apple, Celesta, Meta, Microsoft, Getty, Samsung, Gartner, Asus, AFP, Semiconductor, Engineers, SAP Center, Afp, Companies, Blackwell, Habana Labs, Gaudi, FactSet, U.S Locations: New York, American, U.S, Chandler , Arizona, California, San Jose , California, Taiwan, Columbus , Ohio

Within days, millions of TikTok videos using music from Universal artists went mute, and since then guessing which side would blink first has become a media-business parlor game. Backing this up, one study found that TikTok users reported experiencing higher levels of flow than Instagram users. Corey Basch, who analyzed 100 popular TikTok videos with the hashtag mentalhealth for a 2022 study, emerged concerned about the looping effect of the algorithm. Cerave Sales increased by more than 60 percent in 2020 after skin care became a lockdown pastime and TikTok users discovered the drugstore mainstay. Cat Crack Catnip It briefly sold out in 2021 after TikTok users posted videos of their cats going crazy for it.

Persons: randos, TikTok, you’ve, Sydney Sweeney, Glen Powell, ”, “ Wonka, Barbie, “ Oppenheimer, —, goofing, cavorting, Sue Fleishman, Z’s Walter Cronkite, Spehar, Donald J, Trump, he’s, Caitlin Clark’s, Joe Biden, Justin Bieber, Abbie Richards, Richards, Britney Spears, Taylor Swift, Olivia Rodrigo, Lil Nas X, Fleetwood Mac, Rodrigo, Billie Eilish, Drake, Swift, ByteDance, can’t, Mark Warner, hasn’t, Al, ear on, Li Organizations: Fleetwood Mac, Facebook, Sony, Universal, Warner Bros, White, Pew Research Center, YouTube, The New York Times, Kansas City Chiefs, Media, Colgate, Universal Music Group, ByteDance, Intelligence Committee, e Locations: United States, Beijing, Biden’s, TikTok, Singapore, View, Calif, China, American

☆ Investors are getting it wrong about Apple — again, Bank of America says
▼ + stars: | 2024-04-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors are again underestimating Apple's gross profit margins, according to Bank of America. In actuality, the company exceeded those expectations, reporting 44% gross margins last year. Looking ahead, Mohan estimates that vertical integration and product mix could yield more than 100 basis points of upside to Apple's gross margins. He also estimates that Apple's utilization of its own internal modems could add 110 basis points to product gross margins and 160 basis points of iPhone gross margins. "Pricing is an additional level that Apple can employ to further increase gross margins."

Persons: Wamsi Mohan, Mohan, Samik Chatterjee Organizations: Bank of America, Apple, Products, Services, Bank of, JPMorgan, Cap Tech

☆ Wall Street seems worried about Apple — and divided over its stock
▼ + stars: | 2024-04-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple's decision to cut more than 600 employees in California speaks to the challenges facing the technology titan and affecting its stock price — and why analysts are divided over its outlook. At the same time, reports suggest Apple is looking into building robots that help people with household tasks. Related storiesWorries that Apple has lost its way have weighed on its stock price. Even so, Apple is a mainstay of many stock portfolios and unlikely to fall much further, Craig Johnson, chief market technician at Piper Sandler, told Bloomberg.

Persons: —, Gene Munster, Dan Ives, Cook, Apple, Craig Johnson, Piper Sandler, Warren Buffett, they've, Johnson Organizations: Service, Apple, Business, Deepwater Asset Management, CNBC, Big Tech, Microsoft, Bloomberg, Berkshire Hathaway, Yahoo Finance Locations: California, China, Europe, Berkshire

☆ Why streamers are shrinking their content libraries
▼ + stars: | 2024-04-02 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

Last year many streaming services began shrinking their once-robust content libraries in order to pay smaller licensing fees. In the face of profit pressures and growing competition for viewers, streamers have taken to removing content to avoid the residual payments and licensing fees. On one side is Netflix , Amazon and Apple — companies that agnostically license content from other studios to bolster their streaming libraries. Disney-owned Hulu, meanwhile, has seen success with "feel good" 30-minute sitcoms and prestige dramas, Fandom's data shows. Disclosure: Peacock is the streaming service of NBCUniversal, the parent company of CNBC.

Persons: Stephanie Fried, Fried, Hey Arnold, Bell, Severance, Jacob, Jack Ryan, Bel, Universal's, Max, Peacock Organizations: NBC, Netflix, Apple, Universal, Warner Bros . Discovery, Paramount, Hollywood, Nickelodeon, Warner Bros, Disney, Amazon Prime, Hulu, HBO, CNBC Locations: auctioning, Kingstown, NBCUniversal

☆ Wall Street is getting nervous about Tesla
▼ + stars: | 2024-04-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why Wall Street is getting nervous about Tesla . South China Morning PostEarnings season is approaching, and Wall Street's already ringing the alarm on a high-profile company. AdvertisementTesla won't report its full earnings until later this month, but Wall Street is preparing for trouble. One analyst called it a "nightmare" quarter for the company, while another firm labeled Tesla "a growth company with no growth." One strategy is getting more Tesla drivers subscribed to its Full Self-Driving software, which can run $199 monthly.

Persons: —, Wall, Insider's Beatrice Nolan, Tesla, It's, that's, Elon Musk, ANDERSEN, Alyssa Powell, Donald Trump's, Ken Griffin's, Claire Merchlinsky, MoviePass, Ted Farnsworth, Manoj Bhargava, Putin, Elvira Nabiullina's, Forbes, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Tesla, China, Bloomberg, Nvidia, Meta, Microsoft, Apple, Getty, BI Trump Media, SEC, Citadel, BI, Street Journal, Authentic Brands, Energy, Bank of Russia, The Locations: China, Russia's, Connecticut , Delaware , New York, Rhode Island, Wisconsin, New York, London

☆ Federal regulators are wielding a classic Warren Buffett concept to go after Apple — his biggest stock bet
▼ + stars: | 2024-03-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Federal regulators used the word "moat" eight times in their civil antitrust complain to describe the defenses that Apple sets up to keep competitors at bay. AdvertisementCastles and moatsBuffett popularized the concept of a company having a "moat" around it that protects it from rivals. The dynamics of capitalism guarantee that competitors will repeatedly assault any business 'castle' that is earning high returns. AdvertisementThe Department of Justice has added insult to injury by not only targeting Buffett's biggest stock bet, but also wielding the investor's moat metaphor against him, at least indirectly.

Persons: —, cheekily, Warren Buffett, Buffett, Berkshire Hathaway, you've, Elon Musk, he's, Charlie Munger, Apple, He's, Tim Cook, they're Organizations: Service, Justice, Apple, Business, Berkshire, Coke, Gillette, Costco, Cola, American, Regulators, of Justice Locations: Berkshire, Apple, Buffett's, Berkshire's

☆ The man trying to take down Apple
▼ + stars: | 2024-03-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

DOJ antitrust chief Jonathan Kanter is leading the lawsuit against Apple. Federal prosecutors accuse Apple of using its monopoly power to stifle competition. AdvertisementThe US Department of Justice is targeting Apple — and Assistant Attorney General Jonathan Kanter is leading the charge. The DOJ antitrust chief has gone after several large corporations, most recently filing an 88-page lawsuit against Apple that accuses the company of illegal anticompetitive tactics to keep their smartphone monopoly. In an interview with CNBC on Friday, the DOJ antitrust chief didn't rule out the possibility of breaking up Apple.

Persons: Jonathan Kanter, Kanter, —, Apple — Organizations: Apple, Google, Service, US Department of Justice, CNBC, Business

☆ All the ways Apple is a monopoly, according to its critics
▼ + stars: | 2024-03-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Here are some of the ways the DOJ says Apple is a monopoly. AdvertisementHere are a few ways the DOJ argues that Apple maintains a tight hold over the iPhone ecosystem — and keeps competitors out. The suit argues that Apple sets conditions for the apps it allows on the App Store and imposes anti-competitive rules and regulations. The suit argues that Apple makes third-party messaging apps on the iPhone "worse" than Apple messages. Digital WalletsIt's becoming more common for iPhone users to pay for items with Apple Pay, the company's digital wallet system.

Persons: —, Apple, iPhones Organizations: Department, Apple, DOJ, Service, Big Tech, Business, Digital Markets, Netflix, Hulu, Watch, Samsung Galaxy Watch, Apple Pay

☆ Here's how your iPhone could get worse if the DOJ's antitrust lawsuit succeeds
▼ + stars: | 2024-03-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Some critics of the suit believe it could make the iPhone worse, leading to security concerns and a less seamless experience. But is that something that iPhone users really want? The DOJ filed an antitrust lawsuit against Apple on Thursday. AdvertisementFor its part, Apple has argued that the DOJ's lawsuit could pose any number of issues for iPhone users — from security and privacy concerns to a degradation in user experience. A less seamless user experienceThe DOJ's lawsuit could also have a detrimental impact on Apple's signature user experience, according to some experts.

Persons: —, Apple, Jeff Chiu, Tim Cook, Cook, Benedict Evans, Evans, Jennifer Huddleston, Koch, Huddleston, Adam Kovacevich, Dave Lee, Lee, Forrester, Dipanjan Chatterjee, Apple's, Chatterjee, Fortune Organizations: DOJ, Apple, Service, US Department of Justice, AP, Union's, Venture, Cato Institute, Apple Watch, of, Big Tech, Bloomberg

These are accusations that the Justice Department leveled against a technology giant it accused of running an illegal monopoly. But they aren’t from this week’s antitrust lawsuit against Apple — they’re from the case the department brought against Microsoft in 1998. And federal prosecutors are explicitly connecting the Apple lawsuit to that earlier fight. “They’re really presenting this case as a successor to that: Microsoft 2.0,” said Gus Hurwitz, a senior fellow at the University of Pennsylvania Carey Law School. And it isn’t clear whether the Justice Department will be able to achieve here what it claims to have done by suing Microsoft.

Persons: Apple —, Department’s, Clinton, “ They’re, ”, Gus Hurwitz Organizations: Justice Department, Apple, Microsoft, Google, University of Pennsylvania Carey Law School

☆ AI catalysts ahead that could boost Alphabet and Apple — and 3 quick stock takes
▼ + stars: | 2024-03-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. AI catalysts ahead: The newsy Alphabet headline Friday was Wedbush adding the stock to its Best Ideas List and increasing its price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Morgan Stanley, Cramer, Claude, Abbott, Lululemon, It's, Goldman Sachs, Jonathan Kanter, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Nasdaq, Google, Conference, Apple, Abbott Laboratories, Abbott Labs, Nokia, Target, Jim Cramer's Charitable Locations: Morgan

☆ Here's how long the Apple vs. DOJ battle could last
▼ + stars: | 2024-03-22 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +1 min

The DOJ's antitrust lawsuit against Apple could take years to reach a conclusion. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Apple says the lawsuit gets the facts and the law wrong and plans to vigorously defend itself. That legal process, one analyst group predicts, could stretch out years in a worst-case scenario for Apple — but a settlement is more likely. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Apple, Service, Business

☆ Apple's first AI move may be outsourcing the mess to Google
▼ + stars: | 2024-03-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Why handle the mess of AI by itself when it can pass it on to someone else? AdvertisementApple does, of course, want an AI strategy, despite all the mess the technology brings with it. Fresh AI features could help Apple boost falling iPhone sales in China. Fresh generative AI features could give iPhones the extra edge they need to boost sales again. In addition, Apple will have several new AI features based on its own, homegrown LLM models we expect to be unveiled at WWDC this June.

Persons: —, Tim Cook, they've, Apple, Perfectionism, Steve Jobs, Cook, OpenAI's GPT, Dan Ives Organizations: Service, Google, Bloomberg, Apple, Business, Publishing, Getty, Worldwide Locations: China, China —

☆ Stocks making the biggest moves midday: Nvidia, Apple, Alphabet, PepsiCo and more
▼ + stars: | 2024-03-18 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Investors see the event as a bellwether for artificial intelligence, as Nvidia is expected to unveil new products and updates. Alphabet , Apple — Shares of the Google parent company gained nearly 7% following a Bloomberg report that said Apple was discussing licensing Alphabet's Gemini artificial intelligence engine into the iPhone. Apple climbed roughly 2%. PepsiCo — The beverage stock rose nearly 4% after an upgrade to overweight from equal weight by Morgan Stanley . PepsiCo's business fundamentals should bottom out early this year and then rebound in the second half, according to Morgan Stanley.

Persons: Apple, Tesla, Morgan Stanley, Uber, — CNBC's Pia Singh, Jesse Pound Organizations: Nvidia —, Conference, Investors, Nvidia, National Association of Realtors, realtors ., —, Google, Bloomberg, Apple, Taiwan Semiconductor Manufacturing, Reuters, Bank of America, PepsiCo, Technologies Locations: San Francisco, Japan

☆ Jensen Huang is about to give AI believers a glimpse of the future
▼ + stars: | 2024-03-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewThere's a running gag that Jensen Huang is to AI fanboys what Taylor Swift is to Swifties. Nvidia's GTC event, starting on Monday, should answer that. AdvertisementMatt Bryson, an analyst at Wedbush, expects Nvidia to lift the lid on the B100, the next-generation version of its H100 GPU. Can AI models eventually reason? Of course, industry watchers will look for any sign that the Nvidia and AI mania might be about to slow down.

Persons: —, Jensen Huang, Taylor Swift, Sam Altman, Mark Zuckerberg, hasn't, Bojan Tunguz, Huang, Matt Bryson, Blackwell, It'll, Zuckerberg, he'll, JOSH EDELSON, Brad Lightcap, Arthur Mensch, Christian Szegedy, Elon Musk's, Aidan Gomez, Stanford's Fei, Fei Li, Wedbush's Bryson Organizations: Service, Nvidia, GPU Technology Conference, Business, Apple, Tech, Meta, Microsoft, Google, AMD Locations: San, Woodstock

☆ Tech stocks slide as pivotal Nvidia conference and Fed meeting come into focus
▼ + stars: | 2024-03-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

The S & P 500 and 30-stock Dow also were lower Friday, but have held up better than the Nasdaq for the week. Sector spotlight: There's a whole lot of red among S & P 500 sectors Friday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Dow, Jensen Huang, Jim, I've, Jensen, Jim Cramer's, Brendan McDermid Organizations: CNBC, Nasdaq, Microsoft, Apple, Adobe, Energy, Valero Energy, Bank of America, Marathon Petroleum, Phillips, Coterra Energy, VanEck Semiconductor, Nvidia, Broadcom, tailwinds, Club, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: U.S, New York City

☆ Apple will allow iPhone app downloads from websites in Europe
▼ + stars: | 2024-03-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

IPhone users in the European Union will be able to download apps from websites, instead of through the App Store or a competing app store app, Apple said, in the the latest change forced by the European Commission's Digital Markets Act. Tuesday's announcement is the latest example of the Digital Markets Act forcing Apple to make long-resisted changes to its App Store business processes. Under the DMA, Apple has been forced to allow third-party app stores in Europe, has reinstated antitrust adversary Epic Games' developer account amid a legal dispute, and has backtracked on banning web app shortcuts on the main iPhone screen. Apple still plans to charge a fee of fifty Euro cents for app downloads outside of its App Store, including web app downloads. The company has said Europe represents about 7% of Apple's App Store revenue.

Persons: Tim Cook, Apple, Margrethe Vestager, Vestager Organizations: Apple Inc, Apple Worldwide Developers, European Union, Commission's, Apple, Digital, Epic Games, Commission, European Commission, Spotify, EU, CNBC Locations: San Jose , California, U.S, European, Europe, iPhones

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