Nineteen billionaires release a letter asking the 2020 presidential candidates to support a tax on America's richest families.Economyread more
The Trump administration had argued the president has wide-ranging authority over national security matters.Politicsread more
Sen. Bernie Sanders will announce a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the...Personal Financeread more
Gold surged to its highest level in nearly six years on Monday as the prospects of lower Federal Reserve rates and lingering geopolitical tensions between the U.S. and Iran...Marketsread more
Shares of Ulta Beauty and Sally Beauty dropped on Monday after Amazon launched its own beauty store for professionals.Marketsread more
Goldman Sachs says there's still life left in value investing, especially with the Federal Reserve set to cut rates again.Marketsread more
McDonald's says it gained market share in the informal-eating-out category for the first time in five years, thanks to its nationwide launch of fresh beef.Restaurantsread more
Six women are running for president. Five of them are career politicians. Then there's Oprah-approved self-help guru Marianne Williamson.2020 Electionsread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
As candidates from Elizabeth Warren and Bernie Sanders to John Delaney jockey for position in the 2020 Democratic primary, business issues will come up in the first debates.2020 Electionsread more
The iPhone XR is the only model in Apple's latest iPhone release that still uses an LCD display, rather than an organic light-emitting diode (OLED) display, which allows for greater design flexibility and is supposed to show a higher-quality color display. But the phone, which was expected to be more appealing to budget-conscious shoppers with a price tag starting at $750 rather than $999 for the XS, has failed to meet sales expectations. Earlier this month, Apple published a letter to investors downgrading its guidance for its first quarter of 2019 in light of weak iPhone sales, among other factors.
However, CEO Tim Cook told CNBC earlier this month that the XR has been Apple's best-selling iPhone model since it launched last fall.
The shift from LCD to OLED would have a great impact on Apple suppliers like Japan Display, which is already suffering from supply cuts from Apple, the Journal reported. Japan Display, which supplies LCD displays for Apple, is in advanced talks with an investor group from Taiwan and China to bail it out with a potential investment of the equivalent of $550 million with a 30 percent stake in the company, the report says. The deal could give Taiwan's TPK Holdings and Chinese state-owned Silk Road Fund even more control of the company later on, the Journal reported.
Japan Display has sought bailouts in the past as the industry has begun to shift to OLED displays. In 2016, Japan Display sought a bailout equal to about $703 million from a fund backed by the Japanese government as Samsung increasingly used OLED displays in its designs, the Journal reported at the time.