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[1/5] People stand outside an Apple Store as Apple's new iPhone 15 officially goes on sale across China, in Shanghai, China September 22, 2023. REUTERS/Aly Song Acquire Licensing RightsSHANGHAI/BEIJING, Sept 22 (Reuters) - Over a hundred customers queued inside Apple's (AAPL.O) flagship store in the Chinese financial hub of Shanghai on Friday, waiting to pick up their iPhone 15 orders on the first day of in-store availability. But the strength of pre-orders in the world's second-largest economy, which began last Friday, has eased worries, with delivery times pushed into November and the premium iPhone 15 Pro and Pro Max selling out in just one minute on Alibaba's (9988.HK) Tmall e-commerce site. Among those at the store was social media influencer Zhang Ming, 25, who said she wanted to try out the iPhone 15 after being unsuccessful in pre-ordering online. The iPhone 15 includes a new titanium shell, a faster chip and improved videogame-playing abilities.
Persons: Aly, Pro Max, Zhang Ming, Apple, Wang Puyu, Nicoco Chan, Brenda Goh, Christopher Cushing Organizations: Apple, REUTERS, Rights, Huawei, Pro, HK, Tmall, Shanghai, Thomson Locations: China, Shanghai, Rights SHANGHAI, BEIJING, Nanjing, Mo, Beijing
REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsSept 22 (Reuters) - Apple (AAPL.O) is expected to gain a larger share of India's smartphone sales, with the high-end iPhone 15 Pro and Pro Max models accounting for more of its shipments. The tech giant has been touting India as its next big growth driver amid declining sales of its flagship device. Wait times in India for Apple's latest 15 Pro and Pro Max models, that go on sale Friday, are stretching up to late October, mirroring trends seen in China and the U.S. Still, Apple has a long way to go before the country could bring in sales seen in the company's major markets. Morgan Stanley, in a note earlier this month, estimated that Apple's revenue from India is about half that of China.
Persons: Francis Mascarenhas, Max, Tim Cook, Apple, Morgan Stanley, Yuvraj Malik, Shounak Dasgupta Organizations: Apple, REUTERS, Reuters, Apple's, Counterpoint, IDC, Samsung, Thomson Locations: Mumbai, India, China, U.S, Bengaluru
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Interest rate-sensitive megacaps, led by (AMZN.O), Nvidia Corp (NVDA.O), Apple Inc (AAPL.O) and Alphabet Inc (GOOGL.O) dragged the S&P 500 and the Nasdaq to their lowest closing levels since June. "It gives people another chance to say that the lag time of higher rates – which we're just starting to feel – might really bite." All 11 major sectors of the S&P 500 lost nearly 1% or more, with real estate stocks (.SPLRCR) suffering its biggest one-day percentage drop since March. The S&P 500 posted three new 52-week highs and 29 new lows; the Nasdaq Composite recorded 22 new highs and 373 new lows.
Persons: Brendan McDermid, Jerome Powell, dampening, Thomas Martin, we're, , Martin, Rupert Murdoch, Stephen Culp, Ankika Biswas, Shristi, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, FedEx, Broadcom, Google, Dow, Nasdaq, Treasury,, Nvidia Corp, Apple Inc, Inc, UAW, Dow Jones, . Semiconductor, SOX, Klaviyo Inc, Arm Holdings, Fox Corp, News Corp, NYSE, Thomson Locations: New York City, U.S, Atlanta, Philadelphia, New York, Bengaluru
"It punctures the balloon on terminal rates and also creates more second guessing on the quality of the (economic) landings". With a crucial Bank of Japan meeting still to come this week, Japan's 10-year government bond yield rose to its highest in a decade. Ben Luk, senior multi-asset strategist at State Street Global Markets said the overall tone of the Fed's meeting on Wednesday, while not overly hawkish, included two surprises. The median forecast for the federal funds rate is 5.1% by year-end, up from 4.6% estimated in June. Additional reporting by Xie Yu in Hong Kong Editing by Shri Navaratnam and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
Persons: BoE, Bond, John Hardy, Hardy, Goldman Sachs, Tom Hopkins, Ben Luk, Wall, Brent, clawing, Gold, Xie Yu, Shri Navaratnam, Tomasz Janowski Organizations: Sterling, Swiss, U.S . Federal Reserve, Dealers, Swiss National Bank, Bank of England, Saxo Bank, BRI Wealth Management, Treasury, Reuters Graphics, Apple, Nvidia, Japan's Nikkei, of Japan, State Street Global Markets, Thomson Locations: Europe, Britain, Sweden, Norway, Turkey, U.S, Asia, Pacific, Japan, Saudi Arabia, Russia, Hong Kong
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. "While the dot plots suggest upside risks to interest rates, we retain our expectations that the hike cycle is likely done and for the Fed not to raise rates again," Mark Haefele Chief Investment Officer, UBS Global Wealth Management, said in a note. Meanwhile, weak performance of recent listings after their debut highs has dampened hopes of a likely revival in the initial public offering market amid high interest rates and broader market declines. Arm Holdings also fell 3.0% to $51.3 premarket, nearing its IPO price of $51 per share while Instacart (CART.O) lost 1.4%. ET, Dow e-minis were down 188 points, or 0.54%, S&P 500 e-minis were down 34.75 points, or 0.78%, and Nasdaq 100 e-minis were down 160.75 points, or 1.06%.
Persons: Brendan McDermid, Mark, Ankika Biswas, Shristi, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, FedEx, Broadcom, Google, Dow, Nasdaq, Federal Reserve, Apple, Nvidia, Wall, UBS Global Wealth Management, Arm Holdings, Dow e, Marvell Technology, Marvell, Warner Bros Discovery, Paramount Global, Writers Guild of America, WGA, Thomson Locations: New York City, U.S, Bengaluru
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Persons: Dow Jones
Apple launched the iPhone 15 and iPhone 15 Pro at its "Wonderlust" event last week. The phones lack a silicon chip the company developed for years, the WSJ reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Apple launched the iPhone 15 and iPhone 15 Pro at its "Wonderlust" event last week. Apple had been trying to develop the chip to reduce its reliance on its supplier, Qualcomm, the Journal reported.
Persons: Apple Organizations: Apple, Service, Street Journal, Qualcomm, FT Locations: Wall, Silicon
A sign is pictured outside a Google office near the company's headquarters in Mountain View, California, U.S., May 8, 2019. KEY QUOTE:Weinberg testified that he had pressed particular companies - he did not name them - to use DuckDuckGo as the default and found some interest but ultimately no success because of Google's contracts with the companies. "We ultimately decided, this was after three years of trying this, that this was a quixotic exercise because of the contracts." *The clout in search then makes Google a heavy hitter in the lucrative advertising market, boosting its profits. *DuckDuckGo has around 2.5% of the online search engine market because it has not been able to win a default position on devices made by big companies.
Persons: Paresh Dave, DuckDuckGo, Gabriel Weinberg, Weinberg, Diane Bartz, Kirsten Donovan Organizations: REUTERS, Rights, Google, Apple, Thomson Locations: Mountain View , California, U.S, Washington
“We hit an obstacle with Google's contracts,'' Weinberg said in U.S. District Court in Washington. Google counters that it dominates the internet search market because its product is better than the competition. After a couple years, the company began positioning itself as a search engine that respects people’s privacy by promising not to track what users search for or where they have been. That's loose change for Google's parent company, Alphabet, which generated $283 billion in revenue last year. In court Thursday, Lehman said his best guess is that search engines will shift largely from relying on user data to relying on machine learning.
Persons: Gabriel Weinberg, Weinberg, DuckDuckGo, Edward Snowden, Eric Lehman, Department’s, Lehman, Baidu, Russia’s, Google’s, ’ ’, Judge Amit Mehta, Taylor Swift, Travis Kelce Organizations: WASHINGTON, Google, The U.S . Department of Justice, Apple, Verizon, MIT, Cambridge, Microsoft, NFL Locations: U.S, Washington, The, Pennsylvania
Podcast: The spy network under the sea
  + stars: | 2023-09-21 | by ( )   time to read: +1 min
The United States and China are overhauling their espionage systems, out of sight and deep underwater, as cheaper new technology changes the game. Poland stops sending weapons to Ukraine. Assad visits China in search of funding and deeper ties. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit to opt out of targeted advertising.
Persons: Assad, Syria's Assad Organizations: Apple, Google, Reuters, Budweiser, Thomson Locations: United States, China, Poland, Ukraine, Clydesdale, Albania, America, China Poland
REUTERS/Rami Amichay Acquire Licensing RightsSept 21 (Reuters) - Microsoft (MSFT.O) on Thursday announced a "unified" artificial intelligence (AI) for its Windows 11 platform and four new Surface devices, upping the appeal of its products spruced with the latest technology. The new AI tool, called Copilot, will work across the company's web and productivity applications Bing, Edge browser, and Microsoft 365 software suite. The updated AI software will roll out with the latest changes to Windows 11 on Sept. 26. It will be available in Microsoft 365 Copilot on Nov. 1, when the highly anticipated enterprise AI tool will be generally available for purchase. Microsoft on Thursday announced three laptops - Surface Laptop Go 3, Surface Laptop Studio 2 and Surface Go 4 For Business - and Surface Hub 3, the newer version of its interactive whiteboard.
Persons: Rami Amichay, Bing, OpenAI's, Panos, Yusuf Mehdi, Yuvraj Malik, Jeffrey Dastin, Maju Samuel Organizations: Microsoft, REUTERS, Big Tech, Apple, GenAI, Thomson Locations: Herzliya, Tel Aviv, Israel, Redmond , Washington, Panos Panay, Bengaluru, San Francisco
Google's exclusive contracts proved to be an "obstacle" for DuckDuckGo in pitching browsers on becoming the default search engine for their private browsing modes, DuckDuckGo CEO Gabriel Weinberg testified in federal court on Thursday. DuckDuckGo, known for its privacy-centric search engine that rivals Google's, had at some point pitched its search engine to be the default in private browsing modes of other browsers, Weinberg testified in Washington, D.C., District Court. "We thought it was a great pitch to browsers, honestly," Weinberg said during questioning by an attorney for the Justice Department. DuckDuckGo's own research has found that many consumers aren't aware that private browsing modes do not provide as much tracking protection as they would expect. Weinberg said the company presented that information to browser makers, showing that private browsing can mislead consumers, offering DuckDuckGo as a solution to that problem.
Persons: Gabriel Weinberg, DuckDuckGo, Weinberg Organizations: DuckDuckGo Inc, Washington , D.C, Google's, Google, Department of Justice, Justice Department Locations: Washington ,
CNN —Investors who missed out on this year’s unexpected rally seem to be dipping their toes back into the US stock market. That suggests that investors who watched equities steadily climb higher this year are starting to take their cash off the sidelines and put it into the stock market, some investors say. That’s caused some investors to come down with a classic case of fear-of-missing-out, says Saira Malik, chief investment officer at Nuveen. The data-dependent central bank held rates steady on Wednesday and signaled that it could hike rates once more this year. Still, bond yields rose to their highest level since 2007 this week, as investors bet that the central bank will keep rates higher for longer.
Persons: Saira Malik, Malik, I’ll, , Alex McGrath, Samantha Kelly, she’s, Sam, Read, Elon, Jennifer Korn Organizations: CNN Business, Bell, CNN — Investors, Global, Bank of America, Federal Reserve, Tech, Nvidia, Apple, Microsoft, Traders, Apple Watch, smartwatches
Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. But for investors who haven't bought into its steep pullback, it's reasonable to buy some shares at current levels around $146.50 each. Unless you believe inflation is going to keep raging, making Microsoft's price-to-earnings multiple too high, then this stock is a buy. Nvidia (NVDA): Investors who don't own Nvidia yet should use its recent weakness to start a position, Jim said. Pioneer Natural Resources (PXD): We decided to buy additional Pioneer shares Thursday as the stock fell more than 2%.
Persons: Jim Cramer's, Jim, Amazon, he's, could've, We're, Jefferies, it's, we'd, Dupont De Nemours, That's, Dupont, Danaher, Bob Iger, Estee Lauder, haven't, Locker, Marry Dillon, Leqembi, Eli Lilly's donanemab, Vimal Kapur, Eli Lilly, Mark Zuckerberg, Morgan Stanley, Morgan, we're, James Gorman, Oracle, Safra Catz, Elliott, Stanley Black, Decker, TJ Maxx, Wells Fargo, Wells, Wynn, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Web Services, Broadcom, Google, Bausch Health, Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Coterra, Emerson, National Instruments, Ford, United Auto Workers, GE Healthcare, Honeywell International, Honeywell, Linde, LIN, Mounjaro, Meta, Microsoft, Nvidia, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, Constellation, Elliott Management, TJX, Marshalls, Wynn Resorts, WYNN Locations: China, India, Dupont, Emerson, Meta, Beijing, HomeGoods
The best iPhone 15 Pro screen protectors are easy to install and protect against scratches and other screen damage. To help prevent accidental damage to your phone's screen, we've compiled the best iPhone 15 Pro screen protectors from trusted third-party brands, such as Zagg and JETech. Will an iPhone 14 Pro screen protector fit an iPhone 15 Pro? No, an iPhone 14 Pro screen protector will not fit on an iPhone 15 Pro. In addition to having thinner bezels than the iPhone 14 Pro, the iPhone 15 Pro also has slightly different dimensions.
Persons: we've
Gabriel Weinberg of DuckDuckGo said that Google’s deals to make its search engine the default on browsers and other platforms blocked its ability to compete effectively. DuckDuckGo, with only 2.5 percent of the U.S. market for search, tried to negotiate with other companies to make its privacy-focused search engine a default. But it was continually turned down because of Google’s deals with those tech partners, he said. “We ultimately decided after three years of trying this that it was a quixotic exercise because of the contracts,” Mr. Weinberg said. Executives at Apple, Microsoft and Verizon are also expected to testify in the trial, which could reshape how consumers get information online.
Persons: DuckDuckGo, Gabriel Weinberg, , ” Mr, Weinberg Organizations: Google, Apple, Microsoft, Verizon Locations: U.S
MINNEAPOLIS (AP) — Minnesota officials on Thursday approved plans for the expansion of a solar energy project that a utility says will be one of the largest in the country with the capability of powering more than 150,000 homes. The state Public Utilities Commission approved Xcel Energy's expansion of the Sherco Solar project, adding a 250-megawatt array to a 460-megawatt array now under construction. The solar generation will be near an existing coal-fired plant in Becker, Minnesota, northwest of Minneapolis. Political Cartoons View All 1173 ImagesThe commission also approved a plan for Xcel to buy electricity from a planned 100-megawatt solar project in northwestern Wisconsin. The Apple River project in Polk County, northeast of the Twin Cities, is one of the largest solar projects in Wisconsin.
Persons: Xcel Organizations: , Public Utilities Commission, Twin Locations: MINNEAPOLIS, — Minnesota, Becker , Minnesota, Minneapolis, Becker, Wisconsin, Polk County, Twin Cities
Apple's hybrid work pilot program is still going two years after it was first proposed. It started after employees pushed back against a plan to bring them back to the office three days per week. "So what we decided to do was run a pilot where people come into the office three days a week. Apple first announced the pilot program Cook spoke of in June 2021 as pandemic restrictions wound down and people came out into the sun squinting their eyes. In mid-2022, Cook told employees that the pilot program wasn't set in stone and expected aspects to be adjusted.
Persons: Tim Cook, Cook, Tayfun, , Marc Benioff Organizations: Service, CBS, Apple, Anadolu Agency, Getty, Employees Locations: Wall, Silicon, Cupertino , California, United States, Chengdu, Southwest China's Sichuan province
TikTok is testing a search partnership with Google, a move that underscores the rapid pace at which the way people search online is evolving. Clicking on the link takes the user to an in-app browser, which displays Google's search results for the query. TikTok is also running a disclaimer that it "does not endorse or take responsibility for search results from Google," per Oncescu's screenshots. A TikTok spokesperson confirmed the company is experimenting with third-party integrations within the TikTok app, including a test with Google. "This partnership is a great way for both companies to learn about new behaviors of search in a different journey than traditional Google search," Cicero said.
Persons: Radu Oncescu, inputted, Oncescu, Matt Navarra, Navarra, Nick Cicero, Cicero Organizations: Google, Brands, US Justice Department, Apple, Samsung, DOJ
Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicWarning: This episode contains descriptions of violence. The relationship between two democratic allies fell to its lowest point in history this week, after Canada accused India of assassinating a Sikh community leader in British Columbia in June. Mujib Mashal, The Times’s South Asia bureau chief, explains this stunning accusation — and what India’s reaction to it tells us about the era of its leader, Narendra Modi.
Persons: Mujib Mashal, Narendra Modi Organizations: Spotify Locations: Canada, India, British Columbia, Asia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDemand is outstripping supply for iPhone 15, says Morgan Stanley's Erik WoodringErik Woodring, equity research executive director at Morgan Stanley, joins 'Closing Bell' to discuss Apple's iPhone 15 launch, risks associated with the company, whether he is bullish on the stock, and more.
Persons: Morgan Stanley's Erik Woodring Erik Woodring, Morgan Stanley
Learn moreThe newest AirPods Pro 2 — the version with USB-C charging — aren't even out yet, and you can already save $50 on a pair. Apple releases the newest AirPods Pro 2 revision tomorrow. Buy the newest AirPods Pro 2 with USB-C with $50 offDeal icon An icon in the shape of a lightning bolt. Beyond that, all other changes coming to the AirPods Pro 2 are strictly software-based, and they're applicable to both the Lightning and USB-C model. You can read our AirPods Pro 2 review to see whether these are right for you.
Persons: — aren't, There's, You'll Organizations: Apple, Apple AirPods, Amazon, European Union, Apple Vision
The Apple-Disney deal that could actually happen
  + stars: | 2023-09-21 | by ( Lucia Moses | )   time to read: +5 min
And Apple has long been seen by some analysts as the most obvious acquirer of all or part of Disney. Iger said he considers the studio, streaming, and parks businesses (where the company recently set plans to invest $60 billion over the next decade) to have the most value. It would be hard to imagine operating the parks or streaming businesses without owning the popular franchises that fuel them. Ives envisions a deal where Apple pays for exclusive access to ESPN content and game broadcasts, with an acquisition following down the road. I believe it's a matter of not if, but when Apple buys ESPN."
Persons: Bob Iger, Steve Jobs, Tim Cook, Biden, that's, Gregg Abella, Iger, David Rogers, Apple, it's, Dan Ives, Cook, Ives Organizations: Disney, ABC, FX, Geographic, ESPN, Apple, Pixar, Jobs, Apple's, Investment Partners, Management, Star, Marvel, Columbia University, Verizon, MLS, Messi, Insider, Wedbush Securities, Google
I left Amazon Studios in 2017 (after accusations I dispute), and five years later, the larger industry picture looks exceedingly bleak. In the last year nearly every major studio, from Warner Bros. to Paramount, has announced layoffs and write-offs. Amazon was plagued by reports that its big investment in a “Lord of the Rings” series yielded disappointing viewership numbers. Many of its key writers and producers, including Judd Apatow and Steve Levitan, went on to broadly influence TV and film comedy. It’s HBO.” summed it up: Prestige TV was trying to be, as was sometimes said, “filmovision” — as dark and true to life or shockingly violent as necessary.
Persons: Bob Iger’s, HBO Max, Max, they’ll, Larry Sanders, “ Sanders ”, Judd Apatow, Steve Levitan, Oz, , , Maisel, Ted Lasso ”, Pimple Popper, ” there’s Organizations: Amazon Studios, Warner Bros, Paramount, Disney, HBO, Showtime, City, Prestige, Netflix, , Amazon, Golden Globes
You've probably heard the aphorism "perfect is the enemy of good" before. Spenser Skates, the 35-year-old CEO and co-founder of analytics software company Amplitude — which has a market cap of $1.38 billion — disagrees. Yet behind the scenes, the co-founders weren't sold on their own idea — which was "pretty good," but not "the bestest best," Skates says. It's timely advice: Entrepreneurship is on the rise in the U.S., and starting your own business is risky. "For a lot of teams, it's a hard decision, because you're talking about killing your momentum on something and restarting on something else, even when that might be the right decision," Skates says.
Persons: You've, Mark Cuban, Jeff Bezos, Spenser, Curtis Liu, Siri, weren't, That's, , Liu Organizations: Global Entrepreneurship, Babson College, U.S . Bureau of Labor Statistics, CNBC Locations: Plenty, U.S
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