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A college student originally from New York City has been indicted on over 300 gun-related charges, accused of trafficking firearms into the Big Apple and illegally selling dozens of weapons to an undercover officer, according to prosecutors. He was arrested Dec. 22 following the investigation dubbed “Operation Overnight Express,” conducted by the NYPD Firearms Investigations Unit and the Bronx District Attorney’s Violent Criminal Enterprise Bureau. NYPD Commissioner Keechant Sewell said stopping traffickers is a priority in tackling gun violence in the city. He was arraigned Monday on 79 counts, including criminal sale of a firearm, criminal possession of a firearm and possession of ammunition, before Bronx Supreme Court Justice Albert Lorenzo. Kathy Hochul detailed plans to address gun violence in a news conference Wednesday, citing improved gun tracing and a focus on gun trafficking and violence disruption programs.
Persons: Shakor Rodriguez, Rodriguez, Darcel, Clark, , ” Clark, Keechant Sewell, Albert Lorenzo, Kathy Hochul Organizations: Big Apple, Austin Peay State University, Bronx, Allen, NYPD Firearms Investigations Unit, Criminal Enterprise Bureau, Pipeline, Office, NBC News, New York Gov Locations: New York City, Clarksville , Tennessee, New York, Tennessee, Bronx, Manhattan
Apple Inc. on Thursday is expected to post another record quarter, even as analysts see sales growing at their slowest pace in more than a year. Jittery investors will be left parsing how much of that slowdown in revenue was because of lost sales due to supply chain problems—as previously warned by Apple executives—or waning interest in its latest iPhone lineup. Apple’s iPhone 13 models are very similar to versions introduced in October 2020, something that in the past has been linked to slower sales.
Organizations: Apple Inc, Apple
A logo is pictured on the factory of STMicroelectronics in Plan-les-Oautes near Geneva, Switzerland, December 6, 2016. The Geneva-based company said on Thursday it planned between $3.4 billion and $3.6 billion in capital spending this year, compared with $1.8 billion in 2021. read moreTaiwanese chip firm TSMC this month said it expected strong growth to accelerate in coming years due to booming semiconductor demand. read moreSTMicro made fourth-quarter earnings per share of $0.82, beating ​analysts' average estimate of 69 cents per share, according to Refinitiv data. However, the group sees first-quarter sales around $3.5 billion, down 1.6% from the previous quarter, and gross margin around 45%.
Persons: Denis Balibouse, STMicro, Jan, Jean, Marc Chery, Mathieu Rosemain, Rashmi Aich, Mark Potter Organizations: REUTERS, Apple, Industry bellwether Texas, Toyota, Thomson Locations: STMicroelectronics, Geneva, Switzerland, Italy PARIS, Agrate, Italy
Lowe's is opening Petco shops inside of some of its stores as part of a pilot program. Lowe's and Petco have been pandemic beneficiaries, as Americans took on do-it-yourself projects and adopted pets while spending more time at home. The shops will be staffed by a Petco employee, in addition to ones from Lowe's, Konat said. Lowe's and Petco shares closed at $228.10 and $17.43 on Wednesday, respectively. Lowe's shares have risen by nearly 31% over the past 12 months, which puts its market cap at $153.68 billion.
Persons: Lowe's, Nick Konat, somethings, Bill Boltz, Konat, Kohl's, Sephora Organizations: Apple, Disney, Kroger Locations: Texas, San Antonio, Texas , North Carolina, South Carolina, Lowe's
The Apple logo is seen at an Apple Store, as Apple's new 5G iPhone 12 went on sale in Brooklyn, New York, U.S. October 23, 2020. REUTERS/Brendan McDermidJan 26 (Reuters) - Apple Inc (AAPL.O) is planning a new service that will allow small businesses to accept payments directly on their iPhones without any extra hardware, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The new feature will instead turn the iPhone into a payment terminal, allowing merchants to accept payments with the tap of a credit card or another iPhone onto the back of their device, the Bloomberg report said. Apple declined to comment on the report when contacted by Reuters. Register now for FREE unlimited access to Reuters.com RegisterReporting by Akriti Sharma in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid Jan, Akriti Sharma, Shailesh Organizations: Apple, REUTERS, Apple Inc, Bloomberg, Bluetooth, Apple Pay, Reuters, Thomson Locations: Brooklyn , New York, U.S, Canadian, Bengaluru
Apple's smartphone market share in China hit a record high in the fourth quarter of 2021, with the iPhone maker reclaiming the number one spot in the country for the first time in six years. The Cupertino giant had 23% of the market and sales grew 32% year-on-year in the December quarter, according to market analysts Counterpoint Research. Apple saw solid growth despite a 9% decline in China's overall smartphone sales, thanks to its iPhone 13 line-up, which was launched in September. 5G refers to next-generation super-fast internet which is rolling out around the world and particularly quickly in China. "Furthermore, Huawei, Apple's main competitor in the premium market, faced declining sales due to the ongoing US sanctions."
Persons: Mengmeng Zhang Organizations: Research, Apple, Huawei, Apple's Locations: China, Cupertino
LIVE MARKETS More than four
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +4 min
Summary European shares fall 1.3%Fed likely to hike rates in MarchU.S. futures in the redJan 27 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. Register now for FREE unlimited access to Reuters.com RegisterThat, in a nutshell, is why the U.S. Federal Reserve feels there is "quite a bit of room to raise interest rates". Powell did not deny that possibility, so markets have started to price a fifth move. And world markets are taking notice. read more(Danilo Masoni)*****Register now for FREE unlimited access to Reuters.com RegisterOur Standards: The Thomson Reuters Trust Principles.
Persons: Powell, William Ackman, Tesla, Rowe Price, Dr Martens, UniCredit, SEB, Polymetal, Sujata Rao, Dow Jones, Ian Williams, Jerome Powell, Danilo Masoni Organizations: JPMorgan, U.S . Federal, Treasury, Netflix, Deutsche Bank, Reuters, bps, Dow, McDonalds, Mastercard, JetBlue, Apple, Visa, SAP, IG Group, Diageo, Sabadell, Peel, Federal Reserve, U.S, Thomson Locations: U.S, Zealand, South Africa, Southwest, St, James's, STMicro, Asia
Hong Kong (CNN Business) Apple has once again become the top-selling smartphone brand in top market China, along with the rest of the world. Apple AAPL report by Counterpoint Research, published Wednesday, saidreached its "highest ever" market share in China in the three months to December. Apple's market share in China reached 23% in the last quarter of 2021, compared with 16% the same period the previous year. This surge came as total smartphone sales in China fell 9% year-on-year, according to Counterpoint. Apple overtook the Chinese smartphone maker, Vivo, which slipped 6%, researchers said.
Persons: Apple, Read Organizations: CNN, Apple, Counterpoint Research Locations: Hong Kong, China
LIVE MARKETS Fed tightening cycle: bend it like the Footsie
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +7 min
Summary European shares fall 0.6%, off lowsFed likely to hike rates in MarchU.S. futures in the redJan 27 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comFED TIGHTENING CYCLE: BEND IT LIKE THE FOOTSIE (0959 GMT)Many pundits expected London's FTSE 100 to do quite well when the Fed decided to embarked in this new tightening cycle. Not only is the Footsie one of the only European benchmarks to trade in the black this morning, it's also outperforming the other blue chip benchmarks this year. The Fed's hawkish stance sent the European tech sector just a whisker from bear market territory early this morning. In Asia shares tumbled to their lowest in nearly 15 months and European equities look set to follow with futures down 1.4-2.1%.
Persons: it's, Julien Ponthus, Brent Thill, Jefferies, Danilo Masoni, Powell, William Ackman, Tesla, Rowe Price, Dr Martens, UniCredit, SEB, Polymetal, Sujata Rao, Dow Jones, Ian Williams, Jerome Powell Organizations: Fed, Nasdaq, Microsoft, TECH, Deutsche Bank, SAP, JPMorgan, U.S . Federal, Treasury, Netflix, Reuters, bps, Dow, McDonalds, Mastercard, JetBlue, Apple, Visa, IG Group, Diageo, Sabadell, Peel, Federal Reserve, U.S, Thomson Locations: U.S, Zealand, South Africa, Southwest, St, James's, STMicro, Asia
Morning Bid: More than four rate rises in 2022?
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +3 min
The world's largest economy is predicted torecord GDP growth at a 37-year high of 5.5%, with data due later on Thursday. That, in a nutshell, is why the U.S. Federal Reserve feels there is "quite a bit of room to raise interest rates". Register now for FREE unlimited access to Reuters.com RegisterCould there be more than four rate rises this year? Similar steepening is notable between other bill maturities in a sign more tightening is being priced. But with buyers still in hiding, Tesla shares tanked in after-hours trade.
Persons: Jerome Powell, Yuri Gripas, Sujata Rao, Powell, William Ackman, Tesla, Rowe Price, LVMH Moet Hennessy Louis Vuitton, Dr Martens, UniCredit, SEB, Saikat Chatterjee Organizations: Congress, Capitol, REUTERS, JPMorgan, U.S . Federal, Treasury, Netflix, Deutsche Bank, Reuters, bps, Dow, McDonalds, Mastercard, JetBlue, Apple, Visa, SAP, IG Group, Diageo, Sabadell, Polymetal, Thomson Locations: Washington , U.S, Zealand, South Africa, Southwest, St, James's
Digital fitness firm Peloton is struggling to offload inventory, and its share price is tanking. Some have suggested that tech giant Apple, with its own digital fitness business, should buy it. We asked three experts what the pros and cons of buying Peloton would be for Apple. So far, the market is speculating that its top prospective suitor could be Apple, given that it has its own digital fitness initiative in Apple Fitness. Now Apple already has a brand, but is Apple Fitness the same level of brand as Peloton?
Persons: It's, treadmills, Brian Lichtor, Lichtor, Larry Perkins, Perkins, they've, Isaac Marcushamer, Marcushamer Organizations: Apple, McKinsey, Roundhill Investments, SierraConstellation Partners, DGIM, Google, Facebook
Opinion | Bob Iger’s Advice to Hollywood on His Way Out
  + stars: | 2022-01-27 | by ( Sway | ) www.nytimes.com   time to read: +1 min
Bob Iger’s recent retirement from Disney marks a sea change for the company. During that time, he navigated tectonic shifts in Hollywood, including the rise of streaming platforms and the fall of movie chains. So Kara Swisher dragged Iger out of his three weeks of retirement to chat more about the future of entertainment. [You can listen to this episode of “Sway” on Apple, Spotify, Google or wherever you get your podcasts.] And they discuss Iger’s political ambitions, and why he decided against running for president.
Persons: Bob Iger’s, Iger, Kara Swisher, Kara Organizations: Disney, ABC, Apple, Spotify, Google, Lucasfilm, Star Wars, Century Fox, Times Locations: Hollywood, Silicon Valley
It follows various reports about people being stalked with Apple's AirTag device. Apple's safety guide tells people what to do if they feel their safety is at risk. Apple says in the safety guide that someone who feels that their safety is at risk can contact their local US law enforcement who can then liaise with the company. The company confirmed to TechCrunch the safety guide was updated on Tuesday. Police in Canada warned in December that thieves were using AirTags to track high-end vehicles to owners' driveways, and then steal them, Insider reported.
Persons: Apple didn't, Apple AirTag Organizations: Apple, Service, TechCrunch, Police, Guardian, CNBC, BBC Locations: Canada
App Store critic Kosta Eleftheriou slammed Apple for its strict third-party payment requirements. He shares key takeaways from what's happened so far between Dutch regulators and Apple. App Store critic Kosta Eleftheriou is one of several developers who are slamming Apple over tough new requirements for apps that want to implement third-party payments in the Netherlands. "They're going out of their way to obstruct developers," Eleftheriou told Insider in an interview. Eleftheriou has sparred with Apple in the past over App Store security, fraud prevention, and other issues.
Persons: Kosta Eleftheriou, Eleftheriou, They're, Apple Organizations: Apple, Dutch Authority, Consumers, Yonhap News Agency, App, ACM Locations: what's, Netherlands, Dutch, South Korea
LIVE MARKETS Russia/Ukraine: scanning Europe for stress
  + stars: | 2022-01-27 | by ( ) www.reuters.com   time to read: +11 min
On that note, Both Citi and Jefferies just released in-depth reviews of how the European stock markets are exposed to the geopolitical crisis. Euro zone money markets currently price more than 20 basis points of ECB rate hikes by December 2022. With that in mind, stock pickers are increasingly looking for data on rate sensitivity across the space; and a timely Jefferies note on European banks has some interesting findings. "Secondly, French banks have significant exposure to France, where lending is mostly at fixed rate, limiting the rate sensitivity". USyieldcurveFinally, political pressure on the Fed is currently to bring inflation down, not to rescue equity markets.
Persons: We've, Julien Ponthus, Jefferies, Bankinter, Danilo Masoni, Joost van Leenders, , Stefano Rebaudo, it's, Brent Thill, Powell, William Ackman, Tesla, Rowe Price, Dr Martens, UniCredit, SEB, Polymetal, Sujata Rao, Dow Jones, Ian Williams, Jerome Powell Organizations: West, Citi, Jefferies, Renault, Pfizer, ECB, Banca, Credit Agricole, Societe Generale, BNP, Federal Reserve, Kempen Capital Management, Fed, Nasdaq, Microsoft, TECH, Deutsche Bank, SAP, JPMorgan, U.S . Federal, Treasury, Netflix, Reuters, bps, Dow, McDonalds, Mastercard, JetBlue, Apple, Visa, IG Group, Diageo, Sabadell, Peel, U.S, Thomson Locations: U.S, RUSSIA, UKRAINE, Russia, Ukraine, russia, France, Zealand, South Africa, Southwest, St, James's, STMicro, Asia
A screen displays the Fed rate announcement as a specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022. read moreFed funds futures showed traders pricing in as many as five rate increases by December, after previously fully pricing for four. read moreSome are worried that a more hawkish Fed could hurt recovery, even theorizing a sharp economic slowdown or even the next recession. read moreOther megacap growth companies like Apple (AAPL.O), Meta Platforms (FB.O) and Alphabet (GOOGL.O) edged higher, up nearly 0.2% each. ET, Dow e-minis were down 28 points, or 0.08%, S&P 500 e-minis were down 1.75 points, or 0.04%, and Nasdaq 100 e-minis were up 3 points, or 0.02%.
Persons: Brendan McDermid, Jerome Powell, William Ackman, Levi Strauss, Bansari Mayur, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Wall, Federal Reserve, Tesla Inc, chipmaker Intel Corp, Apple, Dow e, Netflix, Thomson Locations: New York City, U.S, Ukraine, The U.S, Europe, Russia, Bengaluru
Amazon made a bid in May for studio MGM, setting off a flurry of M&A activity in Hollywood. Dealmakers said independent production companies are valuable amid the streaming wars and demand for programming. Many production companies make work-for-hire or don't control the rights to a project once it is sold off to a studio distributor. Based on interviews with five entertainment industry experts and insiders, Insider identified a list of 12 production companies that could be compelling acquisition targets as M&A activity continues. 12 Hollywood M&A targets with production capabilities and brand recognition
Persons: Dealmakers, Reese Witherspoon's, Will Smith, Jada Pinkett Smith's, Anthony Russo's AGBO, Nexon, Ryan Baker, LeBron James, Maverick Carter, nabbed, Jeffrey Wlodarczak, PJT, Russo, Organizations: Amazon, MGM, Jada Pinkett Smith's Westbrook Inc, Blackstone, Media, Hollywood, Waymaker, Apple, Candle Media, SpringHill Co, Redbird Capital, Nike, Epic, PJT Partners, Street, STX Entertainment, Najafi Companies, Lionsgate, Variety, Skydance Media, MRC, Marvel Locations: Hollywood
The investors who aren't panicking
  + stars: | 2022-01-27 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com   time to read: +7 min
London (CNN Business) The stock market has been jolted by indications the Federal Reserve will move to aggressively raise interest rates to rein in inflation. What's happening: The Fed announced Wednesday that it would begin lifting rates "soon" to combat the sharp rise in prices. Even if the Fed pursues four interest rate hikes throughout the course of 2022, borrowing costs would still remain very low by historical standards, he continued. And even when the Fed does begin to reduce its holdings, the size of its balance sheet will remain "enormous," propping up investor confidence, according to Cairns. SWIFT unplugged Iranian banks in 2012 after they were sanctioned by the European Union over the country's nuclear program.
Persons: Jerome Powell, It's, Matthew Cairns, We've, Cairns, Antoine Bouvet, hasn't, Powell, We're, Ronald Reagan, Joe Biden's, Vladimir Putin, Charles Riley, SWIFT, Maria Shagina, Robinhood andfollow Organizations: CNN Business, Bell, CNN, Reserve, Fed, Bloomberg, Rabobank, ING, Economic, Monetary Fund, IMF, Federal Reserve, Senior, The, Worldwide Interbank, Telecommunication, Finnish Institute of International Affairs, Carnegie Moscow Center, European Union, Dow DOW JetBlue, Mastercard, Apple Locations: London, SPDR, Cairns, Russia, Ukraine, SWIFT, Europe, Iran
The government on Thursday morning reported its first look at fourth-quarter economic growth , saying GDP rose at an annual rate of 6.9% compared to estimates of 5.5% despite Covid omicron spread. (CNBC)McDonald's (MCD) on Thursday reported fourth-quarter earnings and revenue that fell short of expectations as higher costs weighed on its profits, marking the fourth miss in the past eight quarters. Shares of ServiceNow and Qualtrics each jumped more than 10% in Thursday's premarket after topping estimates and giving upbeat guidance. Moderna (MRNA) started a clinical trial to study the safety and effectiveness of a booster shot that specifically targets the omicron Covid variant, the company announced Wednesday. The first participant in the phase two trial has already received a dose of the omicron-specific booster shot, according to the company.
Persons: Elon Musk, Tesla, Musk, Pershing, Bill Ackman, Neil Young's, Joe Rogan's coronavirus, Young, Rogan, Dan Bongino, Joe Biden, Stephen Breyer, Biden Organizations: Treasury, CNBC, Southwest Airlines, Comcast, NBC, Tesla, Dow, Apple, Visa, Netflix, Spotify, Street, NY Times, White, omicron Locations: China, Thursday's
The number of self-driving cars on California roads surged in 2021, with Alphabet-owned Waymo tripling the size of its fleet. The collisions — with bikers, scooter riders, and other motorists — reveal the imperfect state of self-driving cars. The scooterist reported "soreness and bruising" and the San Francisco Police Department was called, according to the report. Waymo self-driving autonomous car REUTERS/Peter DaSilvaIt's not unusual to see two or three self-driving cars lined up alongside each other at traffic lights. In October, reports surfaced of a dead-end neighborhood street that, for reasons unclear, attracted a non-stop procession of self-driving cars.
Persons: GM's Cruise, Waymo, Alphabet's, Cruise, Tesla, Peter DaSilva It's, , Aaron Peskin, fumed, Peskin, Julia Friedlander, Robert Galbraith Peskin Organizations: Cyclists, Alphabet's, California Department of Motor Vehicles, Cruise, San Francisco Police Department, Tech, Apple, Google, GM, DMV, National, Traffic Safety Administration, REUTERS, California DMV, California Public Utilities Commission, Reuters, San Francisco Municipal Transportation Agency's, Autonomous Vehicles, San Francisco REUTERS Locations: California, San Francisco, Phoenix , Arizona, Francisco, Hill, San Francisco's Potrero Hill, Silicon Valley, Waymo
Here's a breakdown of Insider's coverage of how marketing is shaping the metaverse. Other big tech companies including Apple, Google, and Microsoft are working on their versions of the concept. Brands may have to rethink their approach to digital marketing if they are to succeed in the newest version of the web. Read more: 2022 is shaping up to be a big year for advertising M&A. 11 advertising companies that are top M&A targets in 2022 as marketers pour money into TikTok and the metaverseCompanies that Accenture CEO David Droga could buy
Persons: Read, Sir Martin Sorrell's, David Droga Organizations: Facebook, Microsoft, Service, Apple, Google, Brands, MTV, Playboy, Anheuser, Busch, Marriott, Vayner, Media.Monks, WPP, Roblox, metaverse Companies Locations: TikTok
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple will outperform market in long-term, but be cautious right now: Oppenheimer analystOppenheimer analyst Martin Yang joins CNBC's 'Squawk Box' to discuss what analysts will be looking for when Apple reports its quarterly earnings after the bell on Thursday. Yang also breaks down his favorite stock out of all of the companies he covers.
Persons: Oppenheimer, Martin Yang, Yang Organizations: Apple
Madison Tong uses email marketing and Facebook to sell products for the website My Supplement Store. She says it saw a drop in revenue after the latest iOS update. Digital marketing for the site is directly tied to our conversion rate and unit salesI handle our email marketing, social-media accounts, SMS — we have push notifications for both desktop and mobile. Our most successful vertical is email marketing, which is where our conversion rate is highestWith the email app we use, we're able to segment based on what the customer will buy. Our conversion rate there is lower than our email conversion rate.
Persons: Madison Tong, Kim Dahlgren, Madison Tong . Madison Tong, We'll, We've, we're, they're, we've Organizations: Facebook, Locations: Bolingbrook , Illinois, Madison Tong . Madison
The new Xbox One controller (R), next to the previous controller during a press event unveiling Microsoft's new Xbox One in Redmond, Washington May 21, 2013. REUTERS/Nick Adams/File PhotoJan 26 (Reuters) - Microsoft (MSFT.O) will begin offering more information to customers about how it automatically renews Xbox online gaming subscriptions in Britain, the UK's competition watchdog said on Wednesday. The Competition and Markets Authority (CMA) said it had secured undertakings from the U.S. tech giant to inform customers upfront about auto-renewals for Xbox Live Gold and Game Pass subscriptions. Microsoft has also agreed to provide clear and timely information on price hikes, and help inactive Xbox customers end their subscriptions if required and claim a pro-rata refund, the CMA said. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Sachin Ravikumar in Bengaluru; Editing by Ramakrishnan M.Our Standards: The Thomson Reuters Trust Principles.
Persons: Nick Adams, Michael Grenfell, Sachin Ravikumar, Ramakrishnan M Organizations: Xbox, REUTERS, Microsoft, Markets Authority, CMA, Activision Blizzard Inc, Big Tech, Facebook, Google, Apple, Thomson Locations: Redmond , Washington, Britain, U.S, Bengaluru
A man wearing a face mask walks past an image of an iPhone 13 Pro at an Apple Store on the day the new Apple iPhone 13 series goes on sale, in Beijing, China, September 24, 2021. Apple’s smartphone market share reached 23%, a record for the brand. Its unit sales volume grew 32% year-on-year in the quarter, while total smartphone sales in China fell 9%, according to Counterpoint. In 2021 as a whole, Apple ranked as China’s third best-selling smartphone brand with 16% of the market. Overall smartphone sales in China fell 2%, according to Counterpoint.
Persons: Carlos Garcia Rawlins, Mengmeng Zhang, Huawei’s Organizations: Apple Inc, Research, Apple, REUTERS, Huawei Technologies, Huawei, Apple’s, BBK Electronics Locations: BEIJING, China, Beijing
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