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Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
Shares of Qualcomm fell about 6.7 percent on Tuesday after reports signaled more trouble between the chipmaker and .
The Wall Street Journal reported that Apple was designing products for next year that would not include Qualcomm components, relying instead on chips from and potentially MediaTek. Two unidentified sources told Reuters that Apple's designs for fall 2018 could exclude Qualcomm components.
Intel shares rose 2.5 percent in Tuesday's session.
Qualcomm invested heavily in mobile technology ahead of rivals like Intel, and as a result, Qualcomm semiconductors power many major high-end smartphones. Still, it's not unusual for companies to seek multiple suppliers.
But Qualcomm and Apple are also in the middle of a legal spat over the way Qualcomm distributes its technology.
Apple sued Qualcomm for roughly earlier this year, saying Qualcomm has been "charging royalties for technologies they have nothing to do with." Apple alleges that Qualcomm charges Apple "at least five times more in payments than all the other cellular patent licensors .... combined," and that Qualcomm has withheld payments from Apple.
Qualcomm has dismissed Apple's claims as groundless. Qualcomm, in turn, has asked international regulators to ban imports of some iPhones until Apple resumes .
Qualcomm declined to comment on the speculation about whether Apple is considering not including Qualcomm in the next-generation iPhones.
But when asked whether Qualcomm is giving Apple access to software to test the modem in iPhones, a spokeswoman said: "The Qualcomm modem that could be used in the next generation iPhone has already been fully tested and released to Apple. We are committed to supporting Apple's new devices."
Apple declined to comment on the reports.