Foxconn unrest risks iPhone shipments, weighs on Apple shares

Foxconn Zhengzhou plans Nov shipments to fall further – source Worker unhappiness at plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plan in China is set to see a further reduction in November shipments after the latest bout … Read more

Musk warns of Twitter bankruptcy as more senior executives quit

Nov 10 (Reuters) – Twitter’s new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a US regulator and departures of senior executives viewed as future leaders. The billionaire told Twitter employees on a call that he could not rule … Read more

US stocks end higher, Meta jumps as investors eye midterms

Meta Platforms rallies after report of job cuts Apple slips as COVID-19 curbs crimp iPhone production in China Indexes close: S&P 500 +0.96%, Nasdaq +0.85%, Dow +1.31% Nov 7 (Reuters) – Wall Street ended sharply higher Monday as investors focused on Tuesday’s midterm elections that will determine control of Congress, while shares of Meta Platforms … Read more

Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Musk looking to ax around half of Twitter’s workforce Employees file class action against Twitter Staff lose access to systems Volkswagen pulls ads Nov 4 (Reuters) – Twitter Inc started a major round of layoffs on Friday, alerting employees of their job status by email after barring the entrances to offices and cutting off workers’ … Read more

Exclusive: Twitter is losing its most active users, internal documents show

Oct 25 (Reuters) – “Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter (TWTR.N) research seen by Reuters, goes far beyond the handful of examples of celebrities ghosting their own accounts. Twitter is struggling to keep its most active … Read more

Adidas ends Kanye West partnership over anti-Semitism, hate speech

Adidas ends partnership immediately To take ~$250 mln hit to 2022 net income Adidas sole owner of design rights Oct 25 (Reuters) – Adidas AG (ADSGn.DE) is immediately terminating its partnership with Kanye West, the sporting goods maker said on Tuesday, reacting to a rash of offensive behavior from the American rapper and designer. The … Read more

S&P 500 falls to two-year low, bear market rally snuffed out

Sept 27 (Reuters) – The S&P 500 (.SPX) fell to its lowest level in almost two years on Tuesday on worries about super aggressive Federal Reserve policy tightening, trading under its June trough and leaving investors appraising how much further stocks would have to fall before stabilizing. Stocks have been under pressure since late August … Read more

Why wireless carriers are able to give out iPhone 14s for free

Why wireless carriers are able to give out iPhone 14s for free

All three of the major US carriers have announced deals that allow qualifying customers to get the latest Apple smartphone for free, under certain conditions, which often include trading-in an older iPhone model. AT&T and T-Mobile, for example, are both offering up to $1,000 credits, after trade-ins, for buying the iPhone 14 or iPhone 14 … Read more

iPhone 14: What to expect at Apple’s ‘far out’ event

The iPhone turns 15 today. See CNN's report on its debut in 2007

The product event, which has been teased with a “far out” tagline, will take place at Apple’s Cupertino, California, headquarters and will be livestreamed on Apple’s website and social media channels. This year’s invitation featured a night sky with a constellation of stars forming the Apple logo, leading some to speculate there will be major … Read more

Wall St closes down for 3rd straight session on Fed rate hike worry

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. August 29, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register Best Buy sales beat estimates as discounts track demand Jobs openings in July rise sharply All 11 S&P sectors lower Aug 30 (Reuters) … Read more