The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
For the past six years, Facebook has tried over and over to release a hardware product that consumers will want, and it has never succeeded.Technologyread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
The reversal comes on a day where the entire market saw a steep drop following a mediocre jobs report. The Dow closed down 2.2 percent and the Nasdaq Composite Index closed down 3.1 percent.
Apple had already been struggling to hang onto its spot as the world's most valuable public company. It was once again eclipsed by Microsoft on Friday after returning to the lead at the start of the week. Amazon has also challenged both companies for first place.
Apple has been slipping in share price amid speculation that its flagship product, the iPhone, is headed toward slower growth. This speculation was fueled by Apple's announcement during its fourth quarter 2018 earnings call that it would no longer report unit sales for the iPhone. Not long after, several key iPhone suppliers cut their revenue forecasts.
Alphabet has also been under a microscope recently. Google CEO Sundar Pichai is expected to testify about the company's policies at a House Judiciary Committee Hearing that was postponed to Tuesday. There, he will likely face questions about potential bias in Google's search results and the company's proposed plans to reenter China with a censored version of its platform. Google has also seen a recent uprising from employees who were discontent with the company's sexual misconduct policies and treatment of temporary and contract workers.