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☆ Elon Musk demands Twitter staff commit to 'long hours' or leave: Read the email
  + stars: | 2022-11-16 | by ( Lora Kolodny | ) www.cnbc.com   time to read: +3 min
The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. This week, he also fired veteran engineers at Twitter after they criticized him in public, or in the company's internal Slack channels. One change that he insisted the company roll out quickly, called Twitter Blue verification, had to be rescinded, however. Musk now plans a revised Twitter Blue Verified release on Nov. 29th. Here's the full email that Elon Musk sent to Twitter employees on Wednesday (transcribed by CNBC):From: Elon MuskTo: Team [at Twitter]Subj.
☆ Top Wall Street analysts bet on these stocks to beat market volatility
  + stars: | 2022-11-13 | by ( Tipranks.Com Staff | ) www.cnbc.com   time to read: +6 min
In this article AAPLORLYCARSVECOSBUX Follow your favorite stocks CREATE FREE ACCOUNTApple CEO Tim Cook visits the Apple Fifth Avenue store for the release of the Apple iPhone 14, New York City, September 16, 2022. Chatterjee reiterated his buy rating as well as his $200 price target on Apple. (See Cars Hedge Fund Trading Activity on TipRanks) The analyst highlighted the momentum in the adoption of Cars.com's Digital Solutions. Ranked 68th in an over 8,000-strong database of analysts on TipRanks, Prestopino has delivered profitable ratings 57% of the time. The analyst reiterated a buy rating on the stock with a price target of $25.
☆ News that Apple iPhone production at Foxconn plant could drop by 30% is 'too extreme': Analyst
  + stars: | 2022-11-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNews that Apple iPhone production at Foxconn plant could drop by 30% is 'too extreme': AnalystPatrick Chen of CLSA says a forecast it received had a downward adjustment in the range of 5% to 10% of the originally scheduled volume.
☆ Elon Musk took over a struggling business with Twitter and has quickly made it worse
  + stars: | 2022-11-09 | by ( Jonathan Vanian | ) www.cnbc.com   time to read: +9 min
In this article TWTR Follow your favorite stocks CREATE FREE ACCOUNTThe Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. watch nowCompared to larger rivals Facebook and Google , Twitter never managed to develop an online ad business that matched the scale of its influence in popular culture and society at large. Twitter's revenue in the second quarter declined from a year earlier. Other opportunities are emerging, such as connected TVs and streaming services as well as Amazon's growing online ad business for retail-oriented companies, Tipograph said. González said she was willing to give Musk "the benefit of the doubt" when he told the group that Twitter was aligned with them.
☆ Residents clash with Chinese authorities over Covid rules
  + stars: | 2022-11-08 | by ( The Associated Press | ) www.nbcnews.com   time to read: +2 min
BEIJING — Police in northeastern China said that seven people have been arrested following a clash between residents and authorities enforcing Covid-19 quarantine restrictions. The violence comes as China reports new cases nationwide, with 2,230 cases reported Tuesday in the southern manufacturing and technology hub of Guangzhou. While the numbers remain relatively low, China has relentlessly pursued its strict “zero-Covid” policy of quarantines, lockdowns and daily or near-daily compulsory testing. News of the arrests appeared on social media Tuesday morning, but was erased by the country’s censors before noon. Those include the former party leader of Shanghai, where a draconian two-month lockdown earlier this year led to food shortages, confrontations with authorities and severe disruptions to global supply chains that have grown dependent on Chinese manufacturing and shipping.
☆ Analysis: For China's COVID policy, change comes in small increments
  + stars: | 2022-11-06 | by ( Tony Munroe | ) www.reuters.com   time to read: +6 min
Authorities are making changes such as more precisely targeting lockdowns, rolling out new vaccines and adding international flights. Daily infections, though extremely low by international standards, are hitting six-month highs, while officials repeatedly reaffirm the zero-COVID policy that President Xi Jinping argues saves lives. Still, Huang does not expect fundamental change in China's COVID policy anytime soon. "COVID is not scary, it is preventable and treatable," the city's health authority told residents. China recently began rolling out what is believed to be the world's first inhalable COVID vaccine, which could help in reducing vaccine hesitancy that is especially widespread among older Chinese.
☆ Why Apple raised the price of the iPhone, but not in the U.S. and China
  + stars: | 2022-11-05 | by ( Ian Thomas | ) www.cnbc.com   time to read: +5 min
Apple 's newest iPhones, the series 14 models, come with better displays, cameras, and satellite messaging, among other features and updates. For example, the base iPhone 14 model starts at $799 in the U.S., the same price that the company charged for the iPhone 13 at its release last year. In the U.K., the base iPhone 14 costs £849, or roughly $975. For example, the iPhone 14 Pro Max in the U.K. is £150 more expensive than the equivalent last year's model. The reason Apple took the step to increase the price of phones in those markets has to do with currency fluctuations.
☆ Twitter cut more than 950 California employees after Elon Musk took over, WARN notice shows
  + stars: | 2022-11-04 | by ( Lora Kolodny | ) www.cnbc.com   time to read: +3 min
According to the letters from Twitter, shared by the California Employment Development Department, Twitter notified affected employees on Nov. 4. This kind of arrangement may serve as "payment in lieu of notice," in California depending on specific terms of employment. At the company's satellite locations in Santa Monica, Twitter cut approximately 93 employees including 17 mid-level officials and managers, 66 professionals and 10 combined sales and administrative support workers, the WARN notice showed. At a San Jose office, Twitter cut approximately 106 employees, including one executive or senior-level official or manager, 18 mid-level officials and managers, 85 professionals and two administrative support workers, according to the WARN notice. Shannon Liss-Riordan, a worker's rights attorney representing the terminated Twitter employees, did not immediately respond to a request for comment.
☆ Chinese zone housing major Apple iPhone plant imposes fresh lockdown
  + stars: | 2022-11-02 | by ( Brenda Goh | ) www.reuters.com   time to read: +2 min
Nov 2 (Reuters) - A Chinese industral park that hosts an iPhone factory belonging to Foxconn (2317.TW) announced a fresh COVID-19 lockdown on Wednesday, raising questions about its impact on the Apple (AAPL.O) supplier's efforts to quell discontent at the factory. Foxconn, formally Hon Hai Precision Industry Co Ltd, is Apple's biggest iPhone maker, producing 70% of iPhone shipments globally. It makes most of the phones at the Zhengzhou plant where it employs about 200,000 people, though it has other smaller production sites in India and south China. Several employees also fled the factory, prompting Foxconn to offer generous bonuses to retain staff. read moreWednesday's lockdown marks a re-tightening of measures in Zhengzhou, which unexpectedly lifted a quasi-lockdown on its nearly 13 million people the day before.
☆ Oil prices edge lower as China Covid-19 woes dampen demand
  + stars: | 2022-11-01 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices inched lower on Tuesday, extending losses of 1% from the previous session as more extensive Covid-19 curbs in China increased fears of slowing fuel demand in the world's second-largest oil consumer. U.S. West Texas Intermediate (WTI) crude fell 18 cents, or 0.2%, to $86.35 a barrel. "With China sticking to the zero-Covid policy, the oil demand outlook overshadowed a record of U.S. oil export data from last week," CMC Markets analyst Tina Teng said. Also weighing on sentiment was the world's largest independent oil trader Vitol saying that its sees signs of oil demand destruction, ANZ Research analysts said in a note. OPEC raised its forecasts for world oil demand in the medium-and longer-term on Monday, saying that $12.1 trillion of investment is needed to meet this demand despite the transition to renewable energy sources.
☆ Twitter tells worried employees their vested shares will be paid in coming days
  + stars: | 2022-11-01 | by ( Lora Kolodny | ) www.cnbc.com   time to read: +4 min
After Elon Musk closed his $44 billion purchase of Twitter last week, employees at the company braced for job cuts. Some told CNBC they were worried about losing their equity compensation if Musk sent them packing before their shares vested the first week of November. Musk and Tesla have been sued repeatedly over employees' claims that they were fired just before their shares vested, depriving them of compensation. However, it appears that the current tranche of stock-based compensation for many Twitter employees, who were there before Musk took over, will get paid out after all. The former Tesla employees won, but the electric vehicle maker was able to overturn the decision later on appeal.
☆ Apple iPhone production will not be badly affected by Zhengzhou's Covid situation, analyst says
  + stars: | 2022-11-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple iPhone production will not be badly affected by Zhengzhou's Covid situation, analyst saysKirk Yang of Kirkland Capital says that even with potential disruptions from the Covid-19 situation in Zhengzhou, China there is enough stock to meet demand.
☆ Apple iPhone maker Foxconn slams 'maliciously edited' video that claims Covid deaths at China plant
  + stars: | 2022-11-01 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +1 min
After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. "We believe this is a maliciously edited video," Foxconn said. To deal with the outbreak, Foxconn has been quarantining workers on site, according to Reuters. To avoid being locked up on site, workers have been fleeing the Zhengzhou factory on foot, videos circulating on social media and a report from Reuters shows. The Covid outbreak threatens to disrupt iPhone production at the Zhengzhou plant ahead of the critical holiday season for Apple .
☆ EXCLUSIVE Output of Apple iPhones at major China plant could fall 30% amid COVID curbs -source
  + stars: | 2022-10-31 | by ( Yimou Lee | ) www.reuters.com   time to read: +3 min
[1/2] The logo of Foxconn is pictured on top of the company's headquarters in New Taipei City, Taiwan October 31, 2022. A second person familiar with the situation said many workers remained at the Zhengzhou plant and that production was continuing. Foxconn on Oct. 19 banned dining at canteens at the Zhengzhou plant and required workers to eat meals in dormitories. Foxconn has not disclosed whether any workers at the Zhengzhou site had been diagnosed with COVID-19. Authorities have since Oct. 19 reported 264 locally transmitted COVID-19 cases in Zhengzhou, the capital of central Henan province.
☆ Elon Musk has pulled more than 50 Tesla employees into his Twitter takeover
  + stars: | 2022-10-31 | by ( Lora Kolodny | ) www.cnbc.com   time to read: +7 min
Nurphoto | Nurphoto | Getty ImagesNew Twitter owner Elon Musk has pulled more than 50 of his trusted Tesla employees, mostly software engineers from the Autopilot team, into his Twitter takeover, CNBC has learned. At Twitter, Musk is counting on his lieutenants and loyalists to decide who and what to cut or keep at the social network. It is not immediately clear how Tesla employees are expected to split their schedules between the automaker and Twitter. Typically, when Tesla employees work for other Elon Musk ventures, usually SpaceX or the Boring Company, they can get paid by the other venture as a consultant. Employees say Musk wants that work done by the first week of November.
☆ Stocks making the biggest moves midday: Apple, Amazon, Intel and more
  + stars: | 2022-10-28 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +5 min
Apple – Shares of Apple jumped 8% after the technology giant beat both top and bottom line estimates when it reported earnings results for its latest quarter. Amazon – Shares of Amazon slipped 9% Friday after the retailer on Thursday reported quarterly revenue that fell short of Wall Street's expectations. T-Mobile – T-Mobile stock jumped 6% after the telecom company reported the largest jump in subscriber numbers since 2020, when it merged with Sprint. Pinterest – Pinterest rose 8% after the social media company beat earnings expectations and reported more monthly users than analysts forecast. The medical equipment company reported quarterly results on Thursday, posting revenue that slightly beat expectations, according to consensus estimates on StreetAccount.
☆ Apple stock surges, on pace for its best day since 2020
  + stars: | 2022-10-28 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
Apple CEO Tim Cook visits the Apple Fifth Avenue store for the release of the Apple iPhone 14, New York City, September 16, 2022. Apple stock rose more than 7% on Friday after reporting September quarter earnings that modestly beat expectations on revenue and profit and showed global demand for its premium hardware remains high. If it holds until the close, it'll be the best day for Apple shares since April 2020. Apple was the second-best performing stock in the Dow Jones Industrial Average behind Intel on Friday. And Apple signaled that demand for premium computers and phones remains strong.
☆ Apple iPhone maker Foxconn says it wants to make cars for Tesla as it ramps up EV push
  + stars: | 2022-10-19 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +1 min
Young Liu, chairman of Foxconn Technology Group, speaks in front of a Model C electric vehicle during an event in Taipei, Taiwan, on Tuesday, Oct. 18, 2022. Liu said he hopes one day that Foxconn can make cars for Tesla. Foxconn , the biggest assembler of Apple's iPhones, wants to one day build cars for Tesla , the company's CEO said, as it pushes further into electric vehicle manufacturing. Hon Hai Technology Group, Foxconn's official name, launched two electric vehicle prototypes on Tuesday — the Model V pickup truck and Model B sports crossover hatchback. "I hope one day we can do Tesla cars for Tesla," Liu said.
☆ First-Edition Apple iPhone Sells for More Than $39,000 at Auction
  + stars: | 2022-10-18 | by ( Alyssa Lukpat | ) www.wsj.com   time to read: 1 min
Apple’s then-CEO Steve Jobs holding the new iPhone during his keynote address at MacWorld Conference & Expo in 2007. For the price of dozens of brand new iPhones, a buyer purchased a first edition of Apple Inc. game-changing device for more than $39,000. LCG Auctions, a Louisiana-based auction house, sold an unopened 2007 iPhone on Sunday, according to the auction house. They didn’t name the buyer, but said he lived in Australia.
☆ Apple stock ticks down on report of cut to iPhone 14 Plus production
  + stars: | 2022-10-18 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +1 min
Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022. Shares of Apple dipped Tuesday a report that the company has asked one supplier to stop producing a component for the iPhone 14 Plus while the company re-evaluates demand. The iPhone 14 Plus, which starts at $899, is a cheaper alternative to the company's iPhone 14 Pro Max model, which starts at $1,099. That maps to an earlier report from Bloomberg that said the company told suppliers to bail on plans to increase iPhone 14 production in September. (The iPhone 14 is the cheaper alternative to the iPhone 14 Pro.)
☆ Is the Uber, Lyft and gig economy battle over workers nearing its end game?
  + stars: | 2022-10-16 | by ( Tim Mullaney | ) www.cnbc.com   time to read: +6 min
With federal regulators set to tighten Trump-era labor standards that let Uber and Lyft, as well as food-delivery services like Doordash, treat gig workers as independent contractors with few protections under labor law, shares dropped sharply last week. But while a shift, the Department of Labor proposal doesn't immediately transform gig workers into employees entitled to overtime pay, unemployment insurance and other benefits. "It seems like the start of a Game of Thrones battle between the Department of Labor and the gig economy,' Wedbush analyst Dan Ives said. Uber believes the Department of Labor is focused less on ridesharing and more on industries such as construction that also use gig workers, pointing out that the proposed rule doesn't single out rideshare drivers. Uber drivers also supply their own cars and gasoline, though the company in March added a per-trip fuel surcharge that goes directly to drivers.
☆ What Elon Musk has said publicly — and in private texts — about X, his idea for an 'everything app'
  + stars: | 2022-10-15 | by ( Grace Kay | ) www.businessinsider.com   time to read: +7 min
Elon Musk has discussed his plans for X, an "everything app," in Twitter and in private texts. AP Photo/Jacquelyn MartinPrivate texts about a blockchain-based platformMusk has also discussed creating a social media platform built on a blockchain. In April, the billionaire privately outlined his idea for a "Doge" social media platform in texts to his younger brother, Kimbal Musk. "I have an idea for a blockchain social media system that does both payments and short text messages/links like Twitter," Musk texted. A battle against botsOne thing is clear throughout Musk's dealings with Twitter — the billionaire's social media platform will be tasked with eliminating scam accounts.
☆ India to press Apple, Samsung for faster 5G software upgrades in phones
  + stars: | 2022-10-11 | by ( Aditya Kalra Munsif Vengattil | Aditya Kalra | Munsif Vengattil | ) www.reuters.com   time to read: +4 min
A man takes a picture of a friend in front of a sign showing installation of the 5G network in New Delhi, India, October 3, 2022. The agenda includes holding talks "to prioritise" and release software upgrades for supporting the high-speed network, the notice for the closed-door meeting stated. Airtel's website on Tuesday showed "Apple yet to update software" for all of Apple iPhones' 12 to 14 models under its 5G compatible section. A third source with direct knowledge of the issue said Apple was in the process of testing and validating different 5G offerings from network providers in India. Lack of 5G software upgrades has already irked users.
☆ Apple iPhone SE (2022) vs. iPhone 12: Which low-cost iPhone should you buy?
  + stars: | 2022-09-29 | by ( Antonio Villas-Boas | Senior Tech Reporter | Read More | ) www.businessinsider.com   time to read: +9 min
The iPhone SE (2022) and iPhone 12 are the cheapest iPhones you can buy. iPhone SE vs. iPhone 12: DesignThe iPhone 12 Mini (left) and iPhone SE (right). iPhone SE vs. iPhone 12: Battery life and chargingThe iPhone 12 supports MagSafe wireless charging, which is faster than the Qi charging supported by the iPhone SE. iPhone SE vs. iPhone 12: CamerasThe iPhone 12 has the advantage over the 2022 iPhone SE with an additional ultra-wide angle camera lens. iPhone SE vs iPhone 12: Which should you buy?
☆ The ‘Halftime Report’ investment committee weighs in on Apple iPhone production fears
  + stars: | 2022-09-28 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe ‘Halftime Report’ investment committee weighs in on Apple iPhone production fearsCNBC’s ‘Halftime Report’ investment committee, Joe Terranova, Stephanie Link and Sarat Sethi, discusses Apple's stock falling amidst reports that iPhone production will be cutbacks.
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