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January 4, 2019 8:50 PM Trump says he’s unconcerned about Apple’s China sales warning

President Donald Trump said he isn’t concerned that Apple Inc. has warned sales will fall short of expectations because of the trade war with China, an announcement that provoked a sell-off in the U.S. stock market. “No, I’m not,” Trump said after he was asked at a White House news conference about Apple’s revenue warning this week. Trump claimed that Apple’s 11

January 4, 2019 7:52 PM Trade tensions prompt supply chain changes for firms in China

On Wednesday afternoon, Apple Inc. cut guidance sending its stock down 10 per cent and the S&P 500 down 2.5 per cent. CEO Tim Cook, in a letter to investors, cited trade issues, “We believe the economic environment in China has been further impacted by rising trade tensions with the United States.” The following morning, Kevin Hassett, chairman of the U.S. Council 12

January 3, 2019 11:22 PM Apple bombshell shakes financial markets to the core

While Apple’s stunning announcement this week shook financial markets, its cause could shake the Canadian economy. As one of the world’s biggest tech companies announced Wednesday it was lowering its profit estimates, Apple CEO Tim Cook suggested a slowing Chinese economy — resulting in lower iPhone sales — was largely to blame. Stock markets around 8

December 10, 2018 6:04 PM Qualcomm say it won ban on sale of some iPhones in China

The patents are related to adjusting and reformatting the size and appearance of photographs and managing applications using a touchscreen, Qualcomm said. They are just two of a number of patents Qualcomm is using against Apple in disputes in several countries. China is the world’s largest market for smartphones and is home to the manufacturers of the iPhone 17

December 5, 2018 6:59 PM Satanic Temple statue among holiday displays at Illinois Capitol

SPRINGFIELD, ILL.—A local chapter of The Satanic Temple has been allowed to place a statue in the Illinois Capitol alongside holiday displays of a Nativity scene and a menorah. The sculpture, called Knowledge is the Greatest Gift, depicts the forearm of a woman holding an apple, The State Journal-Register reported. In its application for the display 28

December 4, 2018 7:31 PM Dow slides 700 points as U.S. stocks veer sharply lower

The trade dispute has rattled markets in recent months as signs emerged that it has begun affecting corporate profits. That’s stoked traders’ fears that if it drags much longer it could further weigh on global economic growth. The jitters helped drive demand for government bonds Tuesday, pushing prices higher. The yield on the 10-year Treasury note fell to 2.91 per cent from 2.99 per cent late Monday 21

December 3, 2018 2:21 PM Grammy nominations to be released Friday instead of Wednesday

It’s a busy week for the entertainment world: Nominations for the 2019 Golden Globes come out Thursday. Bush’s body arrived Monday in Washington for public viewing, which kicks off four days of events that will include a state funeral at Washington’s National Cathedral on Wednesday and a private service at Bush’s longtime church in Houston on Thursday 22

November 30, 2018 8:26 PM Apple puts music service on Amazon Echo in subscription push

Apple and Amazon.com announced their second partnership this month: The iPhone maker’s music-streaming service is coming to Amazon’s Echo devices in December. The move gets Apple Music onto the most popular voice-controlled speakers, giving it distribution beyond Apple’s own devices. Subscribers will be able to control Apple Music with Amazon’s Alexa 22

November 21, 2018 3:51 PM Apple iPhone supplier Foxconn is said to plan deep cost cuts

Apple dropped into bear market territory Tuesday, closing more than 20 per cent below its October peak. On a single day last week, Lumentum Holdings Inc., one of the suppliers that warned of soft demand, plunged 33 per cent, while AMS AG tumbled 22 per cent. This week, as concern spread, the S&P 500 erased its gain for 2018. Taipei-based Foxconn assembles 23

September 21, 2018 3:39 PM Amazon’s new microwave: ‘Alexa, please defrost my chicken’

SEATTLE—In a bid to control the smart home of the future, Amazon.com Inc. is offering makers of electronics a small chip that would let people use their voice to command everything from microwaves and coffee machines to room fans and guitar amplifiers. The online retail giant is hoping big manufacturers will sign up to incorporate the Alexa-enabled chips 36