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Big technology stocks like Tesla, Amazon and Microsoft just finished their worst quarter in years

Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 2, 2022 in New York City. (Photo by Gotham/Getty Images) Gotham | Getty Images Investors lowered the valuations of the world’s largest technology companies in the second quarter as central bankers ratcheted up […]

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Business

Micron warns weakening consumer demand will hurt smartphone sales

Sanjay Mehrota, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Micron Technology, a major vendor of memory chips for PCs and smartphones, said on Thursday that it expects smartphone sales to be meaningfully lower than previously expected for the rest of 2022, citing a reduction […]

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Technology

Apple TV+ to host panels at Comic-Con, featuring cast and crew from ‘Mythic Quest,’ ‘Invasion,’ and more | AppleInsider

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple TV+ will make its debut at Comic-Con and will host four panels centered around fan-favorite shows. For the first time, fans attending San Diego Comic-Con […]

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Technology

Apple has ended imports of gold and tungsten from Russia

Apple Inc. is no longer importing gold and tungsten from Russia, the company has confirmed to MarketWatch. The tech giant uses a range of materials, including gold, tungsten and the metal tantalum in its products. However, the role of Russian locations in its supply chain had come under scrutiny. In a report this week, the […]

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Technology

Apple opens up third-party app payments in Korea, will still take 26% cut

Tim Cook at the Apple launch event, March 8, 2022 Apple Apple said on Thursday that developers with iPhone apps distributed exclusively in the South Korean App Store can request to use third-party payment systems instead of Apple’s in-app offering. But doing so will come at a cost. Apple will require apps that take advantage […]

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Business

Starz could turn into an ‘acquisition machine’ after Lionsgate spins it off

Liberty Media’s John Malone Michael Kovac | Getty Images Written in the Starz? Lionsgate is planning a spinoff of Starz, home of “Outlander” and “Power,” by early next year. Vivendi’s Canal Plus and private equity firm Apollo Global, in tandem with streaming distributor Roku, have both made preliminary bids for a 20% stake, sources say. A deal […]

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Business

Buy now, pay later refunds can be tricky: ‘The process isn’t quite down to a science,’ says chief credit analyst

Some shoppers say “buy now, pay later” may not be all it’s cracked up to be. After experiencing explosive growth during the pandemic — spending on BNPL in the U.S. soared 230% since the start of 2020 — the hype around installment buying is fading as costs for everyday items rise and consumers dial back […]

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Technology

FCC commissioner calls for Apple & Google to ban TikTok | AppleInsider

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. An FCC commissioner has called on Apple and Google to remove TikTok from their app stores, likening the popular social media platform to a wolf in […]

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Business

Qualcomm stock jumps after analyst predicts Apple will use its modems for 2023 iPhone

Qualcomm president and CEO Cristiano Amon speaks about Qualcomm’s technology for automakers at a news conference during CES 2022 in Las Vegas, Nevada, January 4, 2022. Steve Marcus | Reuters Qualcomm shares climbed more than 3% on Tuesday after a prominent analyst said Apple is likely to use the company’s 5G modems for its 2023 […]

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Business

New car quality declined sharply this year with supply chain problems, says J.D. Power

Billboards at the Ziegler Cadillac, Buick and GMC Dealership in Lincolnwood, Illinois, the United States. U.S. General Motors Co. Joel Lerner | Xinhua News Agency | Getty Images New vehicle quality declined by 11% this year amid parts shortages, shipping snarls and global trade disruptions, according to J.D. Power’s 2022 Initial Quality Study. Buick, Dodge […]