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☆ Four Dead in Arizona Hot Air Balloon Crash
▼ + stars: | 2024-01-15 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Daniel Trotta(Reuters) - Four people including the pilot died and another person was critically injured when their hot air balloon crashed into the Arizona desert on Sunday after eight skydivers had successfully jumped out of the basket, investigators said. "The balloon impacted desert terrain following an unspecified problem with its envelope," the NTSB said, referring to the outer bag of the balloon. "It is important to clarify that the skydiving was intentional and was successfully completed by all skydivers before any issues with the hot air balloon were evident," the Eloy Police Department said in a statement. Survivor Valerie Stutterheim, 23, of Scottsdale, Arizona, was in critical condition, police said. The company operating the flight, Droplyne Hot Air Balloon Rides, had a perfect safety record, according to its website.

Persons: Daniel Trotta, skydivers, Wiescholek, Kaitlynn Bartrom, Atahan Kiliccote, Cornelius Van Der Walt, Valerie Stutterheim, Droplyne, Eloy, Michael Perry Organizations: U.S . National Transportation Safety, NTSB, Eloy Police Department, Police, South, Company Locations: Arizona, Eloy, Phoenix, Washington, Union City , Michigan, Andrews , Indiana, Cupertino , California, South African, Scottsdale , Arizona, Moab , Utah, Carlsbad , California

☆ From transparent TVs to ChatGPT-powered pet companions, here’s some of the buzziest tech of CES 2024
▼ + stars: | 2024-01-11 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +10 min

Here’s a look at some of the buzziest products announced this week:Loona companion robot is the world's first consumer robot equipped with ChatGPT AI technology. From Beijing KEYi Technology Co. Ltd.AI companionsAI companions are one of the biggest trends to emerge from the show this year. Samsung’s buzzy Ballie robot, which was first shown off at CES in 2020, received a refresh. BaracodaAI task robotsBeyond companions, AI has made its way into nearly every appliance and gadget you could think of this year. LG was one of the first leaders in transparent TVs; one of its earlier prototypes impressed the show floor back in 2020.

Persons: it’s, Loona, Rosie, Samsung’s, Dipanjan Chatterjee, ”, Volkwagen, Mercedes Benz, Chatterjee, ” Honda, VinFast, “ There’s, Jon Erensen, EssilorLuxottica, Francesco Milleri, Evie, Steve Jobs, Cook, Christoph Dernbach, “, Jitesh Ubrani, ” Ubrani, CNN’s Peter Valdes, Dapena Organizations: CNN — Tech, Consumer Electronics, Beijing KEYi Technology, ., LG, CES, Forrester Research, Walmart, Nvidia, AMD, Honda, VinFast, Fiat, Samsung, Gartner, Media, Apple Vision, Steve, Apple, IDC, Sony, Qualcomm Locations: Las Vegas, Beijing, USA, Cupertino, Cupertino ., Apple's, United States

☆ Inside Apple’s chip lab, home to the most ‘profound change’ at the company in decades
▼ + stars: | 2023-12-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +13 min

Its most advanced silicon is primarily manufactured by one vendor, Taiwan Semiconductor Manufacturing Company. "We built what we call the unified memory architecture that is scalable across products," Srouji said. Apple's silicon team has grown to thousands of engineers working across labs all over the world, including in Israel, Germany, Austria, the U.K. and Japan. The primary type of chip Apple is developing is known as a system on a chip, or SoC. Apple's senior director of hardware validation Godfrey D'Souza shows off an M3 SoC in an Apple chip lab in Cupertino, California, on November 14, 2023.

Persons: John Ternus, Srouji, we're, Katie Tarasov, Andrew Evers, Ben Bajarin, Bajarin, Apple, Apple there's, Pro Max, Kaiann Drance, That's, who's, Ternus, Nvidia —, Tesla, Stacy Rasgon, Apple's, Godfrey D'Souza, Sydney, they've, Rasgon, Apple's Srouji, It's Organizations: AMD, MU, Apple Watch, U.S, Apple, Intel, Taiwan Semiconductor Manufacturing Company, Microsoft, CNBC, Apple's, Amazon, Google, Tesla, Semiconductor, Creative, Pro, Triple, MacBook Air, Qualcomm, Nvidia, Bernstein Research, Sydney Boyo, Bluetooth, Broadcom, Samsung, Micron, Thursday Apple Locations: Cupertino , California, Israel, Germany, Austria, Japan, Silicon Valley, San Diego, Austin , Texas, AirPods, Taiwan, China, Arizona, Peoria , Arizona, Asia, Europe, U.S

☆ Global smartphone sales rebound in October after declining for more than 2 years: Counterpoint
▼ + stars: | 2023-11-23 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Global smartphone sales rose in October after declining for 27 straight months on a year-on-year basis, led by a recovery in emerging markets, data from Counterpoint Research showed. October also recorded the highest monthly smartphone sales since January 2022, the report said. The launch of Apple's iPhone 15 series in late September also helped bolster smartphone sales. "As compared to last year, the launch was delayed by a week which meant the full effect of the new iPhone sales was felt in October," said Counterpoint Research. Global smartphone sales have been impacted by component shortages, inventory build-up and longer replacement cycles.

Persons: Tim Cook Organizations: Apple, Global, Counterpoint Research, Huawei, Research Locations: Cupertino , California, Middle East, Africa, China, India

SAN FRANCISCO (AP) — K-pop superstar Rosé said Friday at a mental health awareness event hosted by first lady Jill Biden that it's important for the world to understand that famous people grapple with emotional struggles, too. Rosé, a part of the supergroup BLACKPINK, said having a large social media following makes her feel vulnerable, particularly when people are critical. “People who are older -- we never, ever spoke about mental health,” Biden said. Apple CEO Tim Cook opened the event but blanked briefly when the teleprompter went out. Cook recovered, telling the crowd he'd “go ahead and ad lib," then thanked everyone for coming and introduced the first lady.

Persons: —, Rosé, Jill Biden, there’s, ”, ” Biden, Vivek Murthy, Tim Cook, “, Cook, Wan, Wan Ismail, you’ve, ” Cook, ” Kim Keon Hee, Rachael Marape, Louise Araneta Organizations: FRANCISCO, Apple, Economic Cooperation, Marcos Locations: Cupertino, Asia, Pacific, California, Malaysia, South Korea, Papua New Guinea, Philippines

☆ Apple co-founder Wozniak suffers possible stroke in Mexico -local media
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

Steve Wozniak, co-founder of Apple, talks to people during a launch event in Cupertino, California, U.S., September 12, 2017. REUTERS/Stephen Lam/File Photo Acquire Licensing RightsMEXICO CITY, Nov 8 (Reuters) - Apple co-founder Steve Wozniak was hospitalized in Mexico City on Wednesday due to a possible stroke, Mexican media outlets reported, but a TMZ report citing sources suggested the illness was potentially a less serious bout of vertigo. Event organizers did not immediately respond to a request for comment. U.S. media outlet TMZ, citing sources with direct knowledge, reported that Wozniak finished his speech but then told his wife he was "feeling strange". Individuals affiliated with Wozniak's website woz.org did not immediately respond to a request for comment.

Persons: Steve Wozniak, Stephen Lam, Wozniak, Steve Jobs, woz.org, Anthony Esposito, Valentine Hilaire, Daniel Trotta, David Alire Garcia, Shri Navaratnam Organizations: Apple, REUTERS, MEXICO CITY, Reuters, TMZ, Apple Computer, Thomson Locations: Cupertino , California, U.S, MEXICO, Mexico City, Mexican, Santa Fe, California

CUPERTINO, Calif. (AP) — Apple has agreed to pay $25 million to settle allegations that it engaged in a pattern of discriminatory hiring practices when filling some of its jobs during 2018 and 2019. Federal regulators said an inquiry that began in 2019 determined that Apple's hiring practices discriminated against U.S. candidates for jobs that were awarded to some immigrant workers seeking to be granted permanent resident status in the country. Apple vehemently denied any wrongdoing in the formal seven-page settlement defended its hiring record in a statement to The Associated Press. Most of the settlement amount — $18.25 million — will be funneled into a fund to compensate victims of Apple's alleged discrimination. The rest of the money covers the fine that Apple is paying for its hiring practices during the timeframe covered in the settlement.

Persons: Apple, “ Apple, Apple's Organizations: Department of Justice, U.S, Apple, Associated Press, DOJ Locations: CUPERTINO, Calif, United States, Cupertino , California

☆ Here's why shares of Apple are ready for their 'next leg up'
▼ + stars: | 2023-11-07 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

"I think Apple is about to have the next leg up," Jim said earlier Tuesday, citing both the headset launch and upbeat data out of China. The U.S. and China comprised the two biggest app store markets for the company, at 58% of total app revenue. Most notably, in September, The Wall Street Journal reported that Beijing had banned government employees from using iPhones and other foreign-branded devices at work — fueling a massive selloff of Apple stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Tim Cook, chief executive officer of Apple Inc., holds an iPhone 15 Pro Max during an event at Apple Park campus in Cupertino, California, US, on Tuesday, Sept. 12, 2023.

Persons: Jim Cramer, Jim, Jim Cramer's, Tim Cook, Max, David Paul Morris Organizations: Apple, Bank of America, Street Journal, " Bank of America, Huawei, Big Tech, CNBC, Apple Inc, Bloomberg, Getty Locations: China, U.S, Beijing, India, Cupertino , California

☆ How big should any one stock in your portfolio get? Here's a way to figure it out
▼ + stars: | 2023-11-05 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

We always recommend an investor's first $10,000 should go to an S & P 500 index fund. So one option for putting all your money to work without making any one stock position too big is to keep adding to your index fund. Or maybe you own five names at 8% each, 15% in cash, and the remaining 45% in an index fund. 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, Scott L, Jim, Josh Edelson Organizations: Apple, Nvidia, Microsoft, CNBC, Apple's Worldwide, Afp, Getty Locations: Cupertino , California

☆ CNBC Daily Open: A perfect day for markets and a falling Apple
▼ + stars: | 2023-11-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTTim Cook, chief executive officer of Apple Inc., holds an iPhone 15 Pro Max during an event at Apple Park campus in Cupertino, California, US, on Tuesday, Sept. 12, 2023. David Paul Morris | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineIt was an astounding day for markets, with everything falling into place as perfectly as investors could have hoped for. Labor costs actually fell for a three-month period ending September — compared with an expected increase — while unemployment claims ticked up.

Persons: Tim Cook, Max, David Paul Morris, Stocks, there's, it's Organizations: Apple Inc, Apple, Bloomberg, Getty, CNBC, Treasury, U.S, Labor, Dow Jones, Nasdaq Locations: Cupertino , California, U.S

☆ Asia shares, bonds rally as Powell feeds hopes of end to rate hikes
▼ + stars: | 2023-11-02 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) surged 1.7% to the highest level in one week. Tokyo's Nikkei (.N225) gained 1.4% to cross the 32,000 level for the first time in two weeks. EUROSTOXX 50 futures rose 0.8% early in Asia, while S&P 500 futures added 0.3% and Nasdaq futures increased 0.5%. While Chair Jerome Powell did not rule out another hike, markets judged he was not quite as hawkish as he might have been. Brent crude futures climbed 1.2% to $85.61 a barrel while U.S. West Texas Intermediate futures were at $81.43 a barrel, up 1.2%.

Persons: nonfarm payrolls, Hong, HSI, Jerome Powell, Treasuries, Tiffany Wilding, Seema Shah, Stella Qiu, Edwina Gibbs Organizations: Apple, SYDNEY, Tokyo's Nikkei, Stock, Nasdaq, Fed, Treasury, PIMCO, Global, Asset Management, Bank of Japan, East, Brent, West Texas, Thomson Locations: Cupertino California, Asia, Pacific, Japan, Europe, U.S, 4Q24

It’s the first time Apple’s fiscal year revenue has dropped since 2019 when sales fell by 2%. Although Apple's revenue in the latest quarter deceased 1% from last year to $89.5 billion, its profit rose 11% to $22.96 billion, or $1.46 per share. To help juice its revenue, Apple has been raising some of its prices. In a bright spot, Apple's iPhone sales climbed 3% to $43.8 billion — a sign the company's latest models are being well received heading into the holiday shopping season. Apple’s service division also turned in a robust quarter with revenue of $22.31 billion, a 16% increase from last year.

Persons: Tim Cook, Cook, ”, Jesse Cohen, Max, Apple, “ Organizations: Apple, Research, U.S, Huawei, Google Locations: U.S, China, iPhones, Cupertino , California

☆ Apple lacks a clear path to growth this holiday season after four straight quarters of shrinkage
▼ + stars: | 2023-11-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook looks on during an Apple event at their headquarters in Cupertino, California, September 7, 2022. Apple indicated on Thursday that investors shouldn't expect revenue growth in the December quarter, the busiest and most important time of the year for its business. Still, revenue fell about 1% from a year ago to $89.5 billion, marking a fourth straight quarter of shrinkage. That's the first time Apple has experienced such a stretch since before the iPhone was launched in 2007. Instead, Maestri said revenue for the current quarter will be "similar" to where it was last year, suggesting the company faces some challenges during the all-important holiday season.

Persons: Tim Cook, Luca Maestri, Apple doesn't, Maestri Organizations: Apple Locations: Cupertino , California

☆ Apple now has $162 billion in cash on hand, slightly less than last quarter
▼ + stars: | 2023-11-02 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Apple now has $162.1 billion in cash on hand, according to the company's fiscal fourth-quarter earnings report released Thursday. The figure is below the company's cash pile from its fiscal third quarter of 2023, when it reported $166.5 billion. Apple had around $166.3 billion in cash during its fiscal second quarter in 2023. The company regularly maintains one of the largest cash piles in the U.S.Analysts expected Apple to post its fourth-consecutive quarter of revenue decline Thursday. The company reported $89.50 billion in revenue and $1.46 in earnings per share for its fiscal fourth quarter.

Persons: Tim Cook, Apple, Kif Leswing Organizations: Apple Inc, Apple, U.S, Wall Locations: Cupertino , California

Apple shares, which have risen 37% so far this year, dropped 3.4% after-hours, following the forecast. Maestri said Apple expects to have higher iPhone sales for the fiscal first quarter, even though this year's holiday quarter has one fewer week of sales than the year-ago. Cook said the company's new high-end handset models - the iPhone 15 Pro and Pro Max devices - are facing supply constraints. Apple's sales in China fell to $15.08 billion from $15.47 billion in the fourth quarter a year ago. Cook said that after accounting for foreign-exchange rates, Apple's business in China grew year-over-year, driven by iPhone sales and services revenue.

Persons: Tim Cook, Apple, Cook, Luca Maestri, Bob O'Donnell, Davidson, Tom Forte, Aly, Max, Nabila Popal, Lionel Messi, Stephen Nellis, Yuvraj Malik, Sayantani Ghosh, Peter Henderson, Matthew Lewis, Leslie Adler Organizations: Huawei, Apple, TECHnalysis Research, Mac, REUTERS, Huawei Technologies, U.S, Reuters, Pro, Apple Watch, Thomson Locations: China, Cupertino , California, Shanghai, San Francisco, Bengaluru

☆ Apple set to report fourth-quarter earnings after the bell
▼ + stars: | 2023-11-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple will report fourth-quarter earnings after the bell on Thursday. Analysts expect Apple to report its fourth straight quarter of overall revenue decline, but many hope that finance chief Luca Maestri will signal a return to growth on the earnings call. Here's what Wall Street expects, per LSEG (formerly Refinitiv) consensus estimates:EPS : $1.39 estimated: $1.39 estimated Revenue : $89.28 billion estimated: $89.28 billion estimated iPhone revenue: $43.81 billion estimated$43.81 billion estimated Mac revenue : $8.63 billion estimated: $8.63 billion estimated iPad revenue: $6.07 billion estimated$6.07 billion estimated Other Products revenue: $9.43 billion estimated$9.43 billion estimated Services revenue : $21.35 billion estimated: $21.35 billion estimated Gross margin: 44.5% estimatedThe quarter will include about a week or so of iPhone 15 sales. Apple's fiscal fourth quarter period typically includes a little bit of back-to-school laptop and tablet spending that benefits its Mac and iPad divisions. But Apple warned in August that it expected Mac and iPad revenue to decline by "double-digit" percentages during the quarter.

Persons: Tim Cook, Luca Maestri Organizations: Apple, Huawei Locations: Cupertino , California, China

☆ How Apple's thinking about AI spending and deployment differs from Big Tech rivals
▼ + stars: | 2023-11-01 | by ( Bob Woods | ) www.cnbc.com time to read: +9 min

And, of course, we've been doing research across a wide range of AI technologies, including generative AI, for years," he said. The upgraded camera uses machine-learning AI to tell the difference between a person and an animal in the frame. Laura Martin, a tech analyst at Needham, is among those who say Apple is "far behind" its big tech rivals. The early edge in generative AI is paying off for rivals, as was evidenced by Microsoft's recent earnings report. "We believe they are on the cusp of what will be the introduction of an AI App Store over the next year," he said.

Persons: Brendan Burke, That's, Tim Cook, Cook, we've, Siri, Apple, it's, Laura Martin, Martin, I'm, Ives, that's, what's, OpenAI, Google's Bard, Burke, Claude Organizations: Apple, Microsoft, Google, Vision Pro, Amazon Web Services, Bloomberg, Meta, Financial Times Locations: Cupertino, California, Seattle, Paris, Beijing, Anthropic

☆ Apple hints at an AI-focused future and ‘scary fast’ upgrades
▼ + stars: | 2023-11-01 | by ( Samantha Kelly | ) edition.cnn.com time to read: +4 min

The focus of the event, which featured the tagline “scary fast,” was Apple’s new custom-made M3 chips, the M3, M3 Pro and M3 Pro Max. The chips will ship with Apple’s latest MacBook Pro and iMac lineup. “This deep integration is something only Apple can deliver, and we never stop innovating.”At a time companies such as Microsoft, Google and Meta have openly discussed their plans for an AI future, Apple has been less forthcoming. Apple said it shipped about 26 million Macs in 2022, making up 9.1% of the overall market (up from 7.8% the year prior). At the same time, the overall PC market shipped about 292 million computers the same year, down 15% from the year before.

Persons: Tim Cook –, –, they’re, ” Cook, Apple, ”, Dipanjan Chatterjee, Forrester, “, Tim Cook, Chatterjee, David McQueen, ” McQueen, Kieren Jessop Organizations: CNN, Apple, Max, Microsoft, Google, Meta, Lenovo, Dell, HP, IDC Research, Apple Music, ABI Research, Intel, Qualcomm, AMD, NVIDIA, MacBook Locations: Cupertino , California, China

☆ Premarket stocks: It’s a spooky Halloween for markets. Here’s why
▼ + stars: | 2023-10-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Here’s what’s causing the market fears:High bond yieldsSurging yields have contributed to one of the worst periods for bond market performance in history and pressured equity markets. The company reported quarterly profits of $9.9 billion, also beating estimates. Shares of Meta slid last week after the Facebook parent company reported that advertising revenue had been soft this quarter. Jerominski told CNN that there have been at least 25 store closures. Fraser Engerman, a Walgreens spokesperson, told CNN that just two stores closed on Monday and no more than 12 pharmacists walked out across the entire country.

Persons: Dow, Rob Almeida, ”, Jason Pride, “, don’t, Erik Weisman, Seema Shah, JPMorgan Chase, Jamie Dimon, Wall, Shane Jerominski, Jerominski, Fraser Engerman, Max —, Tim Cook, Apple Organizations: CNN Business, Bell, New York CNN —, Traders, Nasdaq, MFS Investment Management, Federal Reserve, Asset Management, LPL Research, JPMorgan, Big Tech, Meta, Facebook, Reality Labs, Google, CVS, Walgreens, Staff, CNN, Workers, Apple Locations: New York, United States, Israel, Russia, Ukraine, China, Arizona , Washington , Massachusetts, Oregon, Southern California, Chicago, Deerfield, Apple’s Cupertino , California

☆ Here's why investors shouldn’t sell on the typical hate-Apple-trade headlines
▼ + stars: | 2023-10-31 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Investors should not jump to offload Apple (AAPL) shares because of a handful of cautious reports ahead of this week's quarterly results. Jim Cramer points out that this has been happening since the first iPhone was released in 2007 and even before that. Even in high-conviction stocks like Apple, we do the homework to constantly test our investment thesis against new developments. "It's a classic negative piece on the company that crystalizes the 'hate Apple trade' that's been going on," Cramer wrote in his Top 10 Things to Watch Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim's, that's, Cramer, there's, Apple, China hasn't, Needham, Jim Cramer's, Jim, Tim Cook, Loren Elliott Organizations: Apple, Wall Street, Google, Justice Department, IDC, Street Journal, U.S, MacBook, CNBC Locations: China, India, Cupertino , California

A new Apple Watch Ultra 2 is displayed during the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. Masimo's 2021 complaint said the 2020 Apple Watch Series 6, the first model with blood-oxygen monitoring capabilities, infringed its patents. Apple has since shifted some of its Apple Watch production to Vietnam. Irvine, California-based Masimo has accused Apple of stealing its technology and incorporating it into several Apple Watch models. Apple is also facing an Apple Watch import ban in a separate patent dispute with medical technology company AliveCor.

Persons: Loren Elliott, Joe Biden's, Masimo, Joe Kiani, Apple's wearables, AirPods earbuds, Blake Brittain, David Bario, Grant McCool, Bill Berkrot Organizations: Apple Watch, REUTERS, U.S . International Trade Commission, Apple, U.S ., Appeals, Federal Circuit, ITC, Thomson Locations: Cupertino , California, U.S, China, Vietnam, Irvine , California, California, Delaware, Washington

☆ Apple announces Oct. 30 event, new Macs expected
▼ + stars: | 2023-10-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple sent invites on Tuesday for a launch event that will be streamed on its website on Oct. 30. New Mac laptops are expected, according to reports. Apple's iMac, and some of its MacBook laptops have not been updated yet this year. An event page posted on the Apple website shows a Finder logo animation, which is a Mac app. Apple held a launch event at its campus for new iPhones and Apple Watch models in September.

Persons: Tim Cook, Apple Organizations: Apple, Apple Park, Apple Watch Locations: Cupertino , California

☆ China vice premier pushes for more Apple investment, cooperation
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

Apple CEO Tim Cook attends the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. Sales of iPhone 15 models in their first 17 days in China were down 4.5% compared to the iPhone 14, Counterpoint Research said, without providing specific figures. China in September widened curbs on the use of iPhones by state employees, telling staff at some central government agencies to stop using their Apple handsets at work. "China is willing to provide more opportunities for foreign-funded enterprises including Apple to develop in the country," Ding told Cook in a meeting on Thursday, according to Chinese state radio. Cook said Apple was confident in the prospects of Chinese market, and was willing to strengthen cooperation with China in fields including high-end manufacturing and digital economy, the state radio reported.

Persons: Tim Cook, Loren Elliott, Ding Duexiang, Cook, Cook's, Ding, Apple, Ethan Wang, Bernard Orr Organizations: Apple, REUTERS, Rights, U.S, Huawei, Research, Thomson Locations: Cupertino , California, U.S, Rights BEIJING, Beijing, China

☆ Rite Aid is closing nearly 100 stores as part of its bankruptcy. See the list
▼ + stars: | 2023-10-18 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

New York CNN —Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed almost 100 stores nationwide as part of its restructuring efforts. Over the past six years, Rite Aid has tallied nearly $3 billion in losses. in Costa Mesa, California139 North Grand Ave. in Covina, California20572 Homestead Road in Cupertino, California24829 Del Pradoin Dana Point, California7859 Firestone Blvd. in Yorba Linda, California25906 Newport Road in Menifee, California1600 North Main St. in Meridian, Idaho5808 Ritchie Hwy. in Mill Creek, Washington601 South Grady Way in Renton, Washington2707 Rainier Ave. in South Seattle, Washington– CNN’s David Goldman contributed to this story

Persons: Del, Dana, Glen, Ephraim Ave, Arnold St, Nicholas Ave, Reed, Washington – CNN’s David Goldman Organizations: New, New York CNN — Rite, Real Estate Partners, Rite Aid, Amazon, Walmart, Target, Costco, Aid, Solutions, SEC Alabama, Valley, Firestone, Alvarado St, Fulton, Yorba, Bel Air, Pulaski, Garfield, Main St, Clinton St, Michigan, Whittemore St, Hamilton St, Sunrise, Elmwood, New Carlisle , Ohio Euclid, Gettysburg, Medford, 9th St, Liberty, Eisenhower, Stevenson, 5th St, Reed St, Oxford, 63rd, Brighton, East Central, St, Evergreen, Grady Locations: New York, California, Maryland, Michigan, New Jersey, Ohio, Oregon, Pennsylvania, Washington, Alabama, Idaho, Pike, Monroeville , Alabama, Alhambra , California, Bellevue, Atwater , California, Costa Mesa , California, Covina , California, Cupertino , California, Dana Point , California, Downey , California, Irvine , California, La Mirada , California, Laguna Niguel , California, South Centinela, Los Angeles , California, Alvarado, Monterey , California, St, Ramona , California, Fulton Ave, Sacramento , California, Santa Cruz , California, Yorba Linda , California, Menifee , California, Main St, Meridian , Idaho, Baltimore , Maryland, Bel Air , Maryland, Elkton , Maryland, Glen Burnie , Maryland, Gratiot, Clinton Township , Michigan, Detroit , Michigan, Farmington Hills , Michigan, Fremont , Michigan, Clinton, Grand Ledge , Michigan, Jackson , Michigan, Macomb , Michigan, U.S, Manistee , Michigan, Redford , Michigan, Shelby Township , Michigan, St . Johns , Michigan, Centerville, Sturgis , Michigan, Taylor , Michigan, Wixom , Michigan, Berlin , New Hampshire Grove St, Peterborough , New Hampshire, Browns Mills , New Jersey, Camden , New Jersey, Lumberton , New Jersey, Bridgeton Pike, Mantua , New Jersey, Mullica Hill , New Jersey, Edinburg, Robbinsville , New Jersey, Hamilton, Somerset , New Jersey, Williamstown , New Jersey, Bay Shore , New York, Buffalo , New York, Copiague , New York, East Northport , New York, Floral, , New York, Jamaica , New York, Elmwood Ave, Kenmore , New York, Hempstead, Levittown , New York, Patchogue, Yaphank, Medford , New York, New York , New York, Port Jefferson , New York, Sayville , New York, Smithtown , New York, West Patchogue , New York, New Carlisle , Ohio, Strathmore, East Cleveland , Ohio, Dayton , Ohio, Cleveland , Ohio, Medford , Oregon, Cully, Portland , Oregon, 9th, Chester , Pennsylvania, Coraopolis , Pennsylvania, Erie , Pennsylvania, Greensburg , Pennsylvania, Hanover , Pennsylvania, New Castle , Pennsylvania, New Kensington , Pennsylvania, Pennsburg , Pennsylvania, 5th, Philadelphia , Pennsylvania, Venango St, 63rd St, Pottsville , Pennsylvania, Rochester , Pennsylvania, East Central Ave, Titusville , Pennsylvania, White Haven , Pennsylvania, Bellevue , Washington, Bellingham , Washington, Blaine , Washington, Covington , Washington, Everett , Washington, Lynnwood , Washington, Mill Creek, Renton , Washington, Rainier, South Seattle

☆ China's commerce minister meets with Apple's Tim Cook in Beijing
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: 1 min

Apple CEO Tim Cook gestures at Apple's annual Worldwide Developers Conference at the company's headquarters in Cupertino, California, U.S. June 5, 2023. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsBEIJING, Oct 18 (Reuters) - China's commerce minister Wang Wentao met with Apple's Chief Executive Tim Cook in Beijing on Wednesday, according to a statement by the Chinese commerce ministry. They discussed Apple's development in China and also the Sino-US trade relationship, the statement said. China will firmly promote high-level opening up and continue to expand market access, the ministry statement quoted Wang as saying, adding that China welcomes multinational companies including Apple to achieve win-win development. Reporting by Beijing newsroom; Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Tim Cook, Loren Elliott, Wang Wentao, Wang, Alexandra Hudson Organizations: Apple, Developers, REUTERS, Rights, Apple's, Beijing, Alexandra Hudson Our, Thomson Locations: Cupertino , California, U.S, Rights BEIJING, Beijing, China

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