Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Stocks in Asia traded mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
Hong Kong democracy activist Joshua Wong walked free from prison on Monday after serving nearly five weeks for contempt of court, pledging to join a mass protest movement...China Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
The iPhone X ( "ten") is way more expensive than the last new flagship phone from Apple: The iPhone 7 started at $649 when it was released.
The X is a big change from previous phones, with a bright screen that stretches across the entire face and some high-powered internals. Apple is also offering the iPhone 8 and iPhone 8 Plus, which are relatively minor updates. They're expensive as well, starting at $699 and $799.
But Apple is actually being more forgiving to your wallet than you think.
While slapping a premium price tag on these new phones, the tech giant also decided to save its cheapest phone on Tuesday, the iPhone SE, which now starts at $349.
The two pricing extremes leave a huge $650 list price spectrum for iPhones.
At $399, the iPhone SE already had the lowest starting price of any new Apple phone when it was released last year. According to displays at Apple's release event and on the company's website, it will remain on the market starting at $349.
Prior to Tuesday's launch event, Bernstein analyst Toni Sacconaghi predicted that Apple would keep the iPhone SE and iPhone 6 in circulation — that would have been the highest number of iPhone models that Apple has ever sold at the same time.
But Apple ended up chopping the 6 in favor of the 6s and SE.
Apple could have saved any sixth-generation iPhone, but it chose to keep a smaller, simpler phone in the lineup. That means that the company isn't just stretching the high end of smartphone prices — it's betting on expanding the entire price spectrum of its products. Apple also released its cheapest new iPad this year.
While the iPhone SE is rarely discussed on Wall Street and lacks the bells and whistles to impress tech enthusiasts, it's been been highly strategic for Apple's business in a few ways.
For instance, the lower-priced iPhone SE saved Apple from when the cheaper phone helped it sell more phones than Wall Street expected.
And the assembly of the iPhone SE in India has there and access a huge population.
The move could reaffirm Apple's commitment in markets like China and India, where it faces steep local pricing competition.
Apple's commitment to these countries is also shown in how it's handling the rollout of the high-end iPhone X, which will ship weeks later than the cheaper models because of supply constraints.
Apple could have done what it did with the iPhone 6, and rolled out all the new phones to the U.S. first, then waited on China. But instead, it's delaying the entire worldwide launch so it can ship the X everywhere.
In other words, India and China are markets worth catering to, even if that means offering more price points and later release dates.
Still, not everyone agrees that Apple's $999 iPhone X is going to make it in China.
"This price point is really making it clear that this is a first-world product," said Kim Forrest of Fort Pitt Capital Group on CNBC's " " on Tuesday. "And moving into China is probably not going to happen, like a lot of the Apple bulls have been counting on. So you have a replacement market at this point."