Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
With China's Shanghai index tumbling 30 percent in a month, investors have been focusing in on what kind of impact that might have on the broader economy and companies operating there.
Apple, for example, has benefited from tremendous growth in China with revenues in the country rising 71 percent year-over-year in its latest quarter. On the company's earnings call in April, CEO Tim Cook said he had never seen as many new people coming into the middle class as in the region.
"China is the high-octane fuel for Apple," Daniel Ives, managing director at FBR Capital Markets, told CNBC's "Power Lunch. " "Given some of the macro issues there, there's worry that can impact the growth for Apple."
Given China makes up about 16.2 percent of Apple's total revenue according to FactSet, any worry—no matter how large—can spark some jitters. And while Apple shares fell about 2 percent on the week, Ives said he wasn't worried in the long run.
"At this point we view China as the top geographic region in two years, and iPhones are selling like hotcakes there," he said. "I think that's going to be the big upside this quarter and this is a little more bark worse than bite."
Ives labeled any China spillover as a "near-term speed bump" and instead emphasized focusing on whether or not the Apple Watch can become a bigger factor in the future.
"The Watch is max 8 percent of revenue by 2017," he said. "It's not really moving the needle but it's more down the road along with Apple Pay and some of these other areas like streaming."
How quickly those areas of innovation can boost Apple's growth might be a bigger part of the equation than how quickly China can bring it down.
As Matthews Asia investment strategist Andy Rothman points out, "We've seen very little wealth effect on the way up so we're likely to see very little wealth effect on the way down."