Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
Bitcoin topped the $13,000 level Wednesday, rallying to its highest price since January 2018.Bitcoinread more
Wayfair drew backlash and calls from some customers for a boycott after employees protested the company's apparent sale of $200,000 of mattresses and bunk beds destined for a...Retailread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
During the foreclosure crisis, investors transformed the single-family home rental market into a formally managed asset class. Now they want new homes.Real Estateread more
The first debates will give most of the contenders their biggest platform yet to present themselves to the American people.Politicsread more
The shutdown of the fire-damaged Philadelphia Energy Solutions refining complex could send gasoline prices higher across the U.S., but particularly in the mid-Atlantic region...Market Insiderread more
President Trump lambastes Twitter, Google and other technology giants for what he claims as their efforts to stifle him.US Economyread more
When Apple reports quarterly earnings later this week, there may be a surprising bright spot: China.
According to estimates from Canalys, Apple's smartphone shipments to China increased to 11 million units from 8 million a year earlier, due to lower prices on older iPhones. The jump follows six straight quarters of declines.
China has become one of the most competitive markets in the world for smartphones. In August, Apple reported that sales in greater China dropped 10 percent from the prior year.
While Chinese brands like Huawei, Oppo, Vivo and Xiaomi have struggled to gain traction in the U.S., they all outpace Apple in terms of units sold in China, according to Canalys estimates. Chinese consumers also use apps like WeChat to perform some of the functions of Apple's operating system.
Apple, which reports fiscal fourth-quarter financials on Thursday, typically breaks out revenue by region, but for the number of devices sold, it provides only a global figure.
CEO Tim Cook said a year ago that China would be a key to Apple's growth going forward. Earlier this year, the company promoted Isabel Ge Mahe to a new position as Apple's vice president and managing director of greater China, reporting directly to Cook and Chief Operating Officer Jeff Williams.
"We are very bullish on China," Cook said on the fourth-quarter earnings call last October. "We continue to see a middle class that's booming there."
However, Canalys is skeptical that its forecast of almost 40 percent growth in iPhone units in China is sustainable. One reason is that the company is entering the highly competitive holiday season with a brand new phone -- the iPhone X -- that's expensive and reportedly facing supply issues.
"Apple's growth this quarter is only temporary," Mo Jia, an analyst at Canalys wrote. "While the iPhone X launches this week, its pricing structure and supply are inhibiting."