Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
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After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Apple finished the trading day Friday up 4.3 percent, paring losses from its worst day since 2013. The stock fell nearly 10 percent Thursday after Apple cut its forecast for its fiscal first quarter, blaming weak iPhone sales and a slowing Chinese economy. Apple was still down 5.1 percent for the week.
Apple lost tens of billions of dollars in market value Thursday, ending the trading day at $142.19 per share, its lowest since July 2017. In just three months, the stock has shed $452 billion in market capitalization — a loss that outsizes Facebook's total market value. From its 52-week high of $233.47 per share on Oct. 3, Apple shares have fallen by 39.1 percent as of Thursday's close. Its market value is now around $674 billion.
Investors have feared for many months that iPhone sales were not as rapid as they used to be, and Apple's letter to investors Wednesday confirmed those fears. In an interview with CNBC's Josh Lipton, CEO Tim Cook said his plan for turning sales around includes pushing Apple's trade-in program to minimize the cost of a new iPhone to consumers, ramping up payment plans and hand-holding customers through the process of upgrading their phones.