Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
Morgan Stanley has cut its bear (worst-case) forecast on Tesla's stock from $97 to just $10, citing concerns about the company's increased debt load and geopolitical exposure.Autosread more
Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts expectations, despite a damp start to the spring in much of the U.S.Retailread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
Alphabet Inc's Google said Tuesday that keeping phones up to date and secure was in "everyone's best interests," shortly after the U.S. temporarily eased some trade...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
Apple CEO Tim Cook defended the highest-priced new iPhones, telling ABC's "Good Morning America" that "it's the most advanced iPhone we've ever done" and replaces every other gadget consumers might need.
"The phone has replaced your digital camera. You don't have a separate one anymore. It's replaced your video camera. It's replaced your music player. It's replaced all of these different devices," Cook said. "And so arguably the product is really important. And we've found that people want to have the most innovative product available and with that, it's not cheap to do."
Apple's newest line of iPhones — the iPhone XR, XS and XS Max — cost as much as $1,449 for the most expensive model. That's more than some Mac computers.
"The way most people pay for these, as it turns out, is they do a deal with a carrier and they pay so much per month. So if you look at even the phone that's priced over $1,000, most people pay about $30 a month for it. So it's about $1 a day," Cook said.
Apple introduced a more affordable iPhone X model, the XR, starting at $749. It also dropped the starting price of the iPhone 7 to $449, and of the iPhone 8 to $599.