Chinese Vice Premier He Lifeng welcomes Apple CEO Tim Cook to the China Development Forum in Beijing on Sunday. Apple was one of seven major U.S. international corporations that attended the two-day conference. Photo by Liu Bin/XINHUA/EPA-EFE March 24 (UPI) — China reassured executives from American and European firms, including Apple, Qualcomm, Mastercard, Pfizer and…
Premier Li Qiang said China is prepared for “shocks that exceed expectations” as the world braces for US President Donald Trump to announce more tariffs on its trading partners next month. Nations should open up markets in the face of growing economic fragmentation, he told a crowd of global business leaders and visiting Republican senator…
(CNN) – Apple has announced plans to invest $500 billion in the U.S. over the next four years. The tech company said the investment will create 20,000 jobs. Monday’s announcement comes weeks after President Donald Trump imposed a 10% tariff on all imports from China. Most of Apple’s iPhones are manufactured in China. The multi-billion…
But that reign is over—a casualty, in part, of the escalating U.S.-China technology Cold War. Apple has fallen from first to third in the country, dethroned by two Chinese companies, Vivo and Huawei, that offered similar features at lower costs as China’s economy slumped. Now Apple has a new offering in the world’s biggest smartphone…
Graphic: Images: Christopher Furlong, Anna Moneymaker, Alfredo Astrella/AFP, Drew Angerer Elon Musk’s Department of Government Efficiency is here, and defense contractors can’t wait for the “revolution” to reach the Defense Department. So far, his focus has been on other areas, but they’re betting that Musk — himself a defense contractor through SpaceX — slashes a…
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…