As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
In recent months, there have been growing concerns about the iPhone maker's ability to innovate — as its Chinese rivals up their game as well. It also comes amid signs that Apple's growth and dominance in the smartphone market could be under pressure.
iPhone shipments were down nearly 20 percent in China in the fourth quarter of 2018, according to research firm IDC. The slump in China was partially responsible for a 27 percent decline in Apple's revenue coming from the world's largest smartphone market.
On the other hand, things are looking bright for Chinese telecoms giant Huawei Technologies.
The smartphone maker saw its shipments in China grow 23 percent in the same time period and in mid-2018, according to IDC. Last year, Huawei became the world's second largest smartphone seller behind Samsung, surpassing Apple briefly — the iPhone-maker has since reclaimed it's second place.
According to an IDC report in January, global smartphone shipments fell nearly 5 percent in the fourth quarter of last year.
That could in part be due to customers around the world holding onto their phones for longer periods.
But Apple's slump in sales in emerging markets like China and India also come down to its expensive price range.
Compared to smartphones from China, iPhones are not cheap. For instance, the iPhone XS Max, costs nearly $1,400 — about twice the price of Huawei's Mate 20 and nearly three times the cost of Xiaomi Mi Mix 3.
iPhone prices are "just too expensive," Kiranjeet Kaur of IDC told CNBC last week. "At what iPhones used to sell at earlier, there's like lots of competition coming in ... especially from Huawei."
Chinese players have also been coming up with new features that have created a distinction for the Chinese brands, said Kaur. "Consumers no longer feel that the Chinese players are just following what some of the global players, or what Apple is doing — but rather they are stepping up the game and creating their own new trends in the market."