The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Devices drive Apple's profit margins, but the company's presence beyond hardware will push its value moving forward, an analyst said on Tuesday.
"Apple's becoming very pervasive in consumer lives and that's what could take the stock to the next level," UBS's Steve Milunovich told CNBC's "Closing Bell. "
Reaction to last month's strong quarterly earnings report, combined with some optimism about the Apple Watch, has fueled Apple's recent climb higher, he said. The stock rose about half a percent on Tuesday and closed just below $128 per share.
Milunovich recently increased his Apple price target to $150 per share. As he looks for Apple to move higher, the "ecosystem is increasingly important," Milunovich said.
Offerings beyond hardware, including Apple Pay, will be vital to Apple's business model, he noted. Milunovich added that the company wants its iOS operating system "everywhere."
"Yes, they have to monetize through hardware, but services is really the glue to this story," he said.
He added that although he believes CEO Tim Cook has done well at Apple's helm, the company "is bigger than any one person at this point."
Despite his optimism, Milunovich believes some factors could pose risks to Apple. He noted that product delays and demand softened by macroeconomic weakness, among other factors, could tamper Apple's rise.