Stocks Climb on Dovish Fed Comments; Bernanke Up Next
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CNBC's Jon Fortt reports from the CTIA Mobile Marketplace on the next hot market in smartphones.
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This is the text of my live blog from the Steve Jobs speech at Macworld. It was fun to do and I hope you enjoy reading it for the first time, or re-reading it again.
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It's either an incredibly elaborate hoax or Apple Inc.'s CEO Steve Jobs is one unhappy camper this morning: It appears notes for his highly anticipated Macworld keynote address may have been leaked onto the internet last night, posting on the popular online encyclopedia web site Wikipedia.
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Wireless carrier Sprint Nextel plans to lay off several thousand employees, the Wall Street Journal reported on Monday.
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When it comes to Apple Inc. and Wall Street, I don't get it. These last few weeks have seen a precipitous decline in Apple shares, from a high right near $203 to a low of $171. The fall in Apple shares follows a general downdraft in all kinds of tech, yet many experts both in and outside the company I'm talking to have continued to harp on the "fundamentals" that got Apple to those lofty heights to begin with.
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You knew it was coming simply because we all know that stocks, particularly tech stocks, don't move in only one direction despite what we've seen since Jan. 1. It took a stunning IBM pre-announcement to get the ball rolling, and that ball is rolling, fast.
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It's the Friday before Macworld and once again, tongues are wagging about what Steve Jobs will pull out of his jeans pocket; what he might have lurking up his trademarked black sleeve; whether he can offer up something to pump some life back into this sagging stock.
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Jeff Raikes, president of Microsoft's Business Division, is calling it quits after 26 years at the company, announcing his retirement today. He'll be replaced by Stephen Elop, who most recently served as Juniper Network's chief operating officer.
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Let me be perfectly upfront about this: I didn't want to go to the Adult Entertainment Expo at the Sands Convention Center today. I didn't. I was ready to file a few more times from the Consumer Electronics Show today and then fly home, when my assignment suddenly changed last night.
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Ford Motor has signed up some tech heavyweights to help with "Sync," its in-car satellite communications system, With help from Microsoft, Sirius and others, Ford's car of the very near future is something like a GPS, digital music player, cell phone and voice recognition system on wheels.
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Every year at the Consumer Electronics Show, something jumps out at you as truly extraordinary. And the electronic paper from LG Philips LCD, which I was able to show exclusively this morning on CNBC and MSNBC jumps into that category.
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Intel will get in touch with it's "mid" tonight -- as in mobile internet device -- a key initiative that CEO Paul Otellini talked to me about exclusively earlier today.
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David Bishop, worldwide president of Sony Pictures Home Entertainment, won't say outright that his company has won the high-definition DVD war over archrival Toshiba, but he sure talks like someone who thinks he has now that Warner Brothers has opted to go exclusively with its Blu-ray gear
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There are two stories I'm looking forward to investigating as the crowds hit the floor Monday. First, there's the state of the struggle between Toshiba, with its HD DVD high-def disc format, and Sony's rival Blu-ray format. Secondly, there's a new batch of electronics that incorporate motion-based controllers similar to Nintendo's Wii.
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Bill Gates is calling this period in the company's history the dawn of a new digital decade, and his annual, keynote address at CES is chock full of news, both technologically and financially.
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Sony's game console sales figures for the holiday shopping season reached more than 3.9 million units in North America, but Playstation 3 is still well behind Microsoft's Xbox 360.
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Awareness. That's the word CES exhibitors use most when you ask what they hope for out of the show. Everyone turns out all the stops to alert everyone else to their presence—and everyone does it at the same time. That's why "CES Unveiled," a pre-show press event, takes on the air of a Tunisian bazaar or a Chicago futures trading floor
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Here we are on the eve of the massive Consumer Electronics Show in Las Vegas, a kind of senior prom for the tech industry, when everyone seems to feel really good about themselves and the innovations they're bringing to the market.
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Motorola, the world's third biggest cell phone maker, on Thursday introduced a mobile media player that shows live television, on-demand video clips and programming saved on digital video recorders.
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This past year was a busy one for tech, including Apple's iPhone release; Halo 3; Xbox vs. Wii vs. PlayStation; HD-DVD vs. Blu-ray: Google's new mobile strategy; Intel's surge at AMD's expense; all things wireless; Oracle and Microsoft's blockbuster earnings; Yahoo's CEO shakeup; VMWare's IPO; the ongoing shake-up at Dell; and of course my favorite: Star Wars celebrating its 30th anniversary.
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Apple's stock crossed $200 per share Wednesday, but settled back. Today, a kind of two-steps-forward-one-step-back approach, as Apple blows through $200 with a lot more conviction. Will it finally close above the psychologically, financially important plateau?