PALM BEACH, Fla. (AP) — New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose Saturday represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy. In Trump’s view, the 25% tariffs against the two…
In a stark demonstration of whose presence Donald Trump most values, billionaire tech leaders including Amazon founder Jeff Bezos, Meta founder Mark Zuckerberg, Apple CEO Tim Cook, and Google CEO Sundar Pichai enjoyed prime seating during his inauguration on Monday. But while those men, as well as Tesla founder Elon Musk, podcaster Joe Rogan, and…
Warren Buffett dumped more Apple stock in the third financial quarter 2024, expanding Berkshire Hathaway’s cash on hand while reducing its stake in the tech giant to only one-third of what it held just two years ago. Berkshire Hathaway, with the most expensive stock in the world priced at around $678,000 per share, held 915.6…
Apple’s fourth-quarter earnings exceeded expectations on Thursday, driven by robust initial sales of the iPhone 16 series, a lineup emphasising Apple’s new AI-driven features. Apple reported $94.93 billion in sales, just above Wall Street’s target of $94.58 billion, with earnings of $1.64 per share, excluding a significant EU tax charge. However, weaker-than-anticipated sales in China…
As foreign investment slows and the confrontation between the US and China over tech increases, the Chinese Minister of Industry and Information Technology, Jin Zhuanglong, invited Apple (AAPL, Financial) to increase its investment in innovation within China. When meeting Apple CEO Tim Cook recently, Jin stressed Apple’s position in China’s technology chain, encouraging the company…
HONG KONG (Reuters) -Apple CEO Tim Cook said at a meeting with the Chinese government in Beijing that the U.S. company will increase investment in China and thereby contribute to supply chain development, state news agency Xinhua reported on Thursday. Cook met Minister for Industry and Information Technology Jin Zhuanglong on Wednesday, the ministry previously…
Following a meeting with Jin Zhuanglong, Minister of Industry and Information Technology, Apple (AAPL, Financials) CEO Tim Cook promised further investment in China, according to a government WeChat statement. Cook underlined Apple’s intentions to increase its Chinese investment and stressed the company’s responsibility in helping the Chinese supply chain to grow. Particularly in areas like…
Apple CEO Tim Cook announced on social media Tuesday that he is in China for the second time this year as the tech giant aims to address declining sales in this critical overseas market. The iPhone maker remains popular among Chinese consumers but has ceded ground to domestic rivals in recent years as the Asian…