While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday morning as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
Apple has spent more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.Technologyread more
The deal could be announced as soon as next week, according to the report.
Intel currently provides LTE modem chips for Apple's latest generation of iPhones. But after Apple and Qualcomm settled a legal battle in April over patent licensing practices, the two companies announced that Apple would again start buying modem technology from Qualcomm.
Hours after the settlement, Intel announced that it would no longer develop its next-generation 5G modem chip.
Several analysts have said that 5G is a critical technology for Apple that could spur a major increase in upgrades when the technology is integrated into iPhones, perhaps as soon as 2020.
Qualcomm is continuing to build its own 5G chip, and job listings suggest that Apple is hiring staff to make its own 5G modem, although it's unclear whether that technology is close to making it into an iPhone.
If the purchase happens, it would again underscore Apple's increased willingness to consider large multibillion-dollar acquisitions with its war chest of $225 billion in cash and marketable securities.
Apple's biggest deal to date was the $2.6 billion purchase of Beats Electronics and Beats Music in 2014. Last year, Apple bought staff and patents from British chip maker Dialog Semiconductor for $600 million.
Apple and Intel each declined to comment.