Apple shares have lagged over fears the company is behind Microsoft, Google and other tech rivals when it comes to AI, but investors have lately become more optimistic that Apple is ready to compete. Chief executive Tim Cook has remained tight-lipped about AI for a while, but there was a shift in tone during his
Amazon.com plans to spend US$9 billion to expand its cloud computing infrastructure in Singapore, the latest global technology company to boost investment in Southeast Asia. The outlay, to be done over the next four years, doubles the investment of subsidiary Amazon Web Services (AWS) in Singapore and helps it meet growing customer demand for cloud
Queue the bears. Berkshire Hathaway’s (BRK-A, BRK-B) cash pile hit another record high in the first quarter of $189 billion, the industrial giant said in its earnings release on Saturday. That massive cash war chest will likely reach $200 billion by the end of the current quarter, Buffett told shareholders at a packed CHI Health
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: As Big Tech goes on its spending spree, building out its infrastructure for the coming AI wave, Apple continues a shift of its own. Sales of the iPhone, which make up around half
US stocks surged on Friday, as upbeat earnings from Apple (AAPL) lifted spirits and a weaker-than-expected jobs report revived bets that the Federal Reserve could cut interest rates sooner than thought. The Dow Jones Industrial Average (^DJI) jumped 0.9%, or about 350 points, while the S&P 500 (^GSPC) rose 0.8%. The tech-heavy the tech-heavy Nasdaq
For the first time in nearly two years, home prices aren’t falling in any major metro area in the US amid a shortage in housing supply. According to a report by Redfin, the median home-sale price rose from a year earlier or stayed flat in all 50 of the biggest US metro areas during the
By Chibuike Oguh NEW YORK (Reuters) -U.S. stocks ended higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week. Traders expected the Fed to keep rates unchanged while striking a hawkish
It’s not a surprise that most investors closely follow Warren Buffett. Based on his track record managing Berkshire Hathaway, he’s arguably the greatest capital allocator ever. The Oracle of Omaha has owned many stocks over the years, but none has moved the needle quite like Apple (NASDAQ: AAPL). Berkshire first purchased shares in the first
Apple is doubling down on its Vietnam business. The smartphone maker wants to expand its business relationship with suppliers in Vietnam, according to reports from state media. Earlier this week Apple announced its plans to expand its supplier network in Vietnam during CEO Tim Cook’s two-day visit to Vietnam. Apple’s decision to build up its
Image Credits: TechCrunch/Bryce Durbin A crypto wallet maker claimed this week that hackers may be targeting people with an iMessage “zero-day” exploit — but all signs point to an exaggerated threat, if not a downright scam. Trust Wallet’s official X (previously Twitter) account wrote that “we have credible intel regarding a high-risk zero-day exploit targeting