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The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
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In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
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A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
Schiff had previously shied away from calling for impeachment, but his comments on CNN's "State of the Union" indicate his stance has shifted.Politicsread 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.