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
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
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
Daniel Povey, a professor who was fired by Johns Hopkins University, said he will no longer go work at Facebook after the company asked him to work as a contractor while it...Technologyread more
Markets would like Fed Chairman Jerome Powell to clarify whether the Fed sees itself at the beginning of a serious, longer-term rate cutting cycle.Market Insiderread more
In comparative terms, CEOs now make on average 278 times the average worker's salary, according to the Economic Policy Institute.Executive Compensationread more
The former cellmate's lawyer, Bruce Barket, told NBC that officials at the jailhouse said in an email that Tartaglione would face no charges or internal discipline now that...Politicsread more
Roger Stone and the Department of Justice have been sparring for a month over whether jurors can be shown a 4-minute-and-20-second clip from the film.Politicsread more
As part of his new proposal to combat hate and violence, O'Rourke wants to make social media companies liable for users' hateful content.Technologyread more
Apple shares dropped on Monday after a report that the company ordered a drastic cut in iPhone X production.
Nikkei reported Monday that the tech giant told its suppliers to reduce iPhone X production to 20 million units for the first quarter from the more than 40 million units target Apple gave in November. The news agency cited weaker-than-expected sales results at the end of the holiday season as the reason for the move.
Apple shares closed down 2.1 percent Monday after the report. The stock has dropped 5.1 percent since Jan. 22, wiping out $46.4 billion in shareholder value in the past week.
The Nikkei article follows several recent reports from Wall Street and other media outlets pointing to weak iPhone X demand.
J.P. Morgan analyst Narci Chang wrote a research note to clients on Tuesday predicting iPhone X production will drop 50 percent in the March quarter versus the December quarter. She reduced her forecast for iPhone X production to 20 million units for the first quarter from 30 million units.
"We recently picked up more signs of weakening iPhone X orders," she wrote.
Taiwan's Economic Daily also reported in late December that Apple reduced its sales forecast for the iPhone X.
As a result some Wall Street analysts are getting worried enough over iPhone demand to downgrade the tech giant's shares this month.
Longbow Research lowered its rating on Apple shares to neutral from buy on Jan. 17, predicting the company will ship fewer iPhones than expected in fiscal 2018.
Atlantic Equities then reduced its rating on Apple shares to neutral from overweight on Jan. 22. The firm predicted weaker-than-expected sales for the company's March quarter.
Investors are taking notice of the deteriorating sentiment over the company's fundamentals.
The company did not immediately respond to a request for comment.