RIO DE JANEIRO— A Brazilian judge has issued a temporary restraining order against recently approved legislation that banned the use of smartphone-based ride-hailing-apps like Uber in Rio de Janeiro, the country's second largest city. A statement posted on the Rio de Janeiro State Judiciary Department's website said the order was signed Thursday by Judge...» Read More
As Cliff Mason noted earlier today, Cramer likes to talk about "pin action" a lot -- the effect that one company's good fortune usually has on other, related companies (parts manufacturers, for example). The key word, however, is "usually." In the disastrous market we have these days, you can't even depend on this pin action any more.
Microchip maker Intel warned that its revenue would be about 14 percent below its previous forecast due to weak demand around the globe and in all market segments. The stock plunged after-hours.
Tech nuts, gadget freaks, gizmo gurus, lend me your ears. And your eyes. Over the next several weeks, I'll be featuring some of the devices getting a lot of attention, both good and bad, and rely on you to tell me what's hot, what's not.
Monday morning started off with a bang for Apple investors, courtesy of FBR's chip analyst Craig Berger making a strange call on Apple and what seemed like a dramatic slowdown in iPhone sales.
Intel's third quarter 10-Q seems dire enough, unless of course you understand the company's business and follow the comments it has consistently been making since it reported its earnings a couple of weeks ago.
Sun Microsystems is posting a large loss for its latest quarter. The maker of servers and business software wrote down the value of the company due to the slow economy and the huge decline in its stock price.
A buyback made sense back in March. With Apple's cash generation since, and the non-GAAP megabucks iPhone's generating now, a buyback makes exponentially more sense today.
Microsoft reported a 2 percent rise in quarterly profit, driven by sales of new computer server software, and lowered its full-year earnings forecasts to account for a toughening economy.
International Business Machines reported results that rose over last year in line with pre-announced figures the company gave last week.
Apple touched up its line of laptop computers Tuesday with a minimal nod to the economic turmoil that might push consumers to be more frugal this holiday shopping season.
Blue chips may be black and blue, but Tim Bajarin of Creative Strategies sees potential in the tech sector.
Apple Inc. is fast becoming the poster boy for all things that are wrong with Wall Street right now, and that in itself might represent an opportunity for the savvy investor willing to play the odds instead of curling up in a ball and letting traders kick them in the head over and over again.
People are putting more sensitive personal information online and with the growing use of mobile devices, there’s more risk than ever. While many people are aware of the high-tech threats, they may not be aware of how they’re exposed.
Rumors of the eBay layoff that became official this morning have been circulating for weeks, but the added headlines of attempting to turn this company around by building on its strengths is quixotic at best.
I won't call it a war, but an intriguing battle is shaping up on Wall Street on the opinions running rampant about Apple Inc. and its prospects, both for this quarter and the coming year.
Microsoft Chief Executive Steve Ballmer said on Tuesday the global financial crisis will sap consumer and business spending, affecting all companies, including his own.
Following Apple's spacerdowngrade parade early this morning, I suggested that the dithering on Wall Street was going to be "right," whether it was or not simply because it stood to become a self-fulfilling prophecy.
It's not often -- like almost never -- that you see a downgrade parade like the one for Apple this morning, that doesn't follow earnings or some kind of catalyst.
As you might expect, when a name-brand blue-blood tech company like Research in Motion so terribly disappoints the Street, leading to a 20-percent plunge in its shares, it's going to generate a healthy amount of dialogue.
There are downgrades, and there are downgrades, but I have never seen the kind of downgrade parade marching through Wall Street this morning related to Research in Motion and its stock.
Matt Hunter is the senior technology editor at CNBC.com.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.