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, Deezer and a host of other European tech companies are pushing EU governments to toughen up draft laws designed to stamp out alleged unfair business practices of US internet giants such as Google, Apple and Amazon. In a joint letter to EU governments on Monday, creative industry leaders, including publishers and game developers, called on lawmakers to “seize the opportunity” to rewrite draft legislation designed to rebalance the relationship between apps and vendors that are increasingly reliant on platforms for their services.
Elsewhere on Tuesday, -- When is it time to worry about rising deficits? -- A tale of implausible redemption. -- The crisis of American elites. -- The future of retail. -- Americans are becoming hoarders. ...
A $1,099 price tag isn't deterring buyers.
Salesforce (CRM) saw its stock price climb over 2% to touch a new all-time high Monday after it announced a partnership with Apple (AAPL) that will see the cloud-based customer relationship management firm offer new apps for iPhones and iPads. Salesforce's Apple deal makes CRM stock look even more enticing at the moment.
Sep.24 -- In the latest iPhones that went on sale on Sept. 21, the biggest upsell isn’t the wide-stereo speakers, the dual-lens camera, or the stainless steel accents. It’s the tiny Nand storage chip that lets you save all those photos in Portrait Mode. Bloomberg's Mark Gurman has more on "Bloomberg Technology."
Sep.24 -- Bloomberg Intelligence's Jitendra Waral discusses Sirius XM Holdings Inc.'s $3.5 billion deal to acquire Pandora Media Inc. He speaks with Bloomberg's Emily Chang on "Bloomberg Technology."
Sep.24 -- Apple Inc. and Salesforce.com Inc. announced a partnership Monday that aims to increase the number of mobile applications for businesses available on iPhones and iPads. Bloomberg's Mark Gurman reports on "Bloomberg Technology."
Apple Inc. and Salesforce.com Inc. announced a partnership Monday that aims to increase the number of mobile applications for businesses available on iPhones and iPads. Bloomberg's Mark Gurman reports ...
Kuo upped the shipment forecast of the new Apple Watch Series 4 in 2018 from 18 million to 18.5 to 19.5 million units. The iPhone XS Max is also outperforming its expectations and is selling over three times better than the XS. First-weekend demand for the new Apple AAPL Watch was much higher than expected according to analyst Ming-Chi Kuo, who has a reputation for accuracy, particularly when it comes to predicting new products.
CEO Tim Cook pulled the plug on “Vital Signs,” a semi-autobiographical drama based on the life of hip-hop mogul Dr. Dre, because it was too violent.
Cupertino gives final approval to Vallco project proposed under controversial new state law. Now what?
Though long anticipated, the approval of the project under a new housing streamlining law shifts the dynamics at play over what will rise in on the 50-acre Vallco site about a mile from Apple's campus.
In the latest trading session, Apple (AAPL) closed at $220.79, marking a +1.57% move from the previous day.
Another potential cellular win for the chip giant.
Apple Inc. (NASDAQ: APPL) is closing one of its stores in Phoenix as it opens another. This week a new Apple Store will open at Scottsdale Fashion Square, and the tech giant’s namesake store in the Biltmore Fashion Park is set to close. The Phoenix Business Journal reported this month that the long-rumored Apple Store would open in Scottsdale at the end of September and now Apple has confirmed it will be holding a grand opening event on Sept. 29. But the Valley won’t be gaining a new Apple Store, rather one will move locations.
Flush with cash due in part to the tax reform legislation passed late last year, S&P 500 member firms are spending increasing amounts of capital on repurchasing their own shares. While buybacks are surging, some of the exchange traded funds focusing on companies that are major share repurchasers are lagging the broad market. Entering Monday's trading session, the Invesco BuyBack Achievers ETF (NASDAQ: PKW) and the SPDR S&P 500 Buyback ETF (NYSE: SPYB) were up 5.9 percent and 9.5 percent, respectively, year-to-date.
U.S. stocks ended lower Monday, and the Dow Jones Industrial Average halted a four-session winning run, as tensions over the U.S. and China's trade fight sapped appetite for assets considered risky. The Dow fell about 180 points (on a preliminary basis) to 26,562, booking its first close without also logging an all-time high since Thursday. Shares of Apple Inc. and Walt Disney Co. helped to lift the blue-chip gauge but those gains were more than offset by declines in Home Depot Inc. and Boeing Co. , which delivered the biggest drag on the gauge. The S&P 500 index , meanwhile, gave up 0.4% at 2,919, while the Nasdaq Composite Index eked out a slight gain, up less than 0.1% at 7,993, supported by the advance in Apple and shares of Microsoft Corp. . On Monday, Chinese officials called off planned negotiations on trade with the U.S. and fired back against the administration of President Donald Trump, accusing it of "trade bullyism." A set of reciprocal tariffs on U.S. and Chinese imports were set to be imposed on Monday, underlining escalating tensions between the global economic superpowers. The energy sector was a bright spot on the day as crude-oil prices surged after major energy producers over the weekend declined to commit to increasing crude output to address expected supply disruptions at a closely watched producer meeting. Global benchmark oil, Brent oil , finished at a nearly four-year high on Monday, while the U.S. counterpart, West Texas Intermediate crude , closed at the highest level in about two months, bolstering the energy sector . In corporate news, a number of deals were in focus, including a deal by Sirius XM Holdings Inc. to purchase streaming-music company Pandora Media Inc. in a acquisition valued at $3.5 billion. Separately, Randgold Resources Ltd. and Barrick Gold Corp. said they planned on merging in an all-share deal that will create an $18.3 billion gold-mining giant.
The Wall Street Journal reports Apple wants high-quality shows with broad appeal that does not include gratuitous sex, violence or profanity. The report also says Apple has made it clear to Hollywood producers and executives it does not want content that could damage its brand. Netflix NFLX shares climbed more than 2 percent on Monday after a report said Apple AAPL is veering toward more family friendly content for its video-streaming service.
The Nasdaq composite erased mild early losses and is trying to end the session in stocks today higher. A strong year-to-date performance from Apple helps explain why the Nasdaq remains the top dog on Wall Street with a 15.7% year-to-date gain.
are joining forces to bring Siri and other iOS features to Salesforce customers and developers. On the eve of Dreamforce, Salesforce's giant annual tech conference focused on its products, the two firms announced the partnership in a press release. The partnership will bring a native Salesforce app to Apple's iOS system, and the two companies are also working together to bring iOS features such as FaceID and Siri Shortcuts to the Salesforce app.
Attractive mobile carrier deals on Apple phones might be a sign that the latest iPhone releases could lead to “healthy” sales volumes, analysts say.
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