Apple could see a significant decline in sales of its flagship iPhone, and investors should get out before the stock tumbles, according to a note from New Street Research. The tech giant reported nearly $48 billion in iPhone sales for its fiscal second quarter, helping the company blow past analyst estimates for earnings and revenue. Several analysts have […] Read more
The European Union agreed Monday to impose sanctions against Belarus, including banning its airlines from using the airspace and airports of the 27-nation bloc, amid fury over the forced diversion of a passenger jet to arrest an opposition journalist. In what EU leaders have called a brazen “hijacking” of the Ryanair jetliner flying from Greece […] Read more
The White House on Friday stressed that its effort to institute a global minimum corporate tax is a top priority for President Joe Biden and represents more than merely a talking point for the globe’s economists. Daleep Singh, who serves as both a deputy national security advisor and as a deputy National Economic Council director, […] Read more
Israel’s security cabinet on Thursday voted to approve a tentative cease-fire after 11 days of fighting with Hamas in Israel and the Gaza Strip. Speaking to the Arabic TV network Al-Mayadeen, a Hamas official said the group “obtained guarantees from the mediators” that Israeli airstrikes on Gaza would be halted, and the cease-fire would begin […] Read more
Israeli Prime Minister Benjamin Netanyahu on Wednesday said he was determined to continue the bombardment of Gaza, after U.S. President Joe Biden called for a “significant de-escalation today on the path to a ceasefire” during a phone call between the two leaders. Netanyahu, shortly after speaking with Biden, said he is “determined to continue in this operation until its objective is […] Read more
Crypto bulls have long championed bitcoin as a modern-day replacement for gold, and by one measure, the new market is already close to surpassing bullion in that respect. The total value of the cryptocurrency market now stands above $2 trillion, putting it on nearly equal footing with the amount of gold held for private investment […] Read more
The global pandemic isn’t over yet despite high Covid vaccination rates in some countries, the head of the World Health Organization warned on Monday, days after the CDC told fully vaccinated Americans they can go without masks in most places. “There is a huge disconnect growing where in some countries with the highest vaccination rates, […] Read more
WASHINGTON – President Joe Biden on Wednesday said he anticipates good news “in the next 24 hours” on the ongoing Colonial Pipeline cyber attack that has disabled fuel deliveries up and down the East Coast in recent days. “We have been in very, very close contact with Colonial Pipeline, which is the one area you’re […] Read more
Hostilities between Israel and the Palestinian Islamist group that runs Gaza escalated on Tuesday as each side attacked the other with aerial bombardments that recalled their last major conflict in 2014. A 13-story residential block in Gaza collapsed after one of several dozen Israeli airstrikes, albeit after an Israeli warning, as Israelis reported explosions and […] Read more
Technology shares led the broader market lower on Monday as investors dumped high-flying Big Tech stocks and bet on companies leveraged to a strong economic comeback. The Nasdaq Composite dropped 2.3% as Amazon and Apple lost more than 2% each. Facebook and Netflix both dropped over 3%. Tesla shed more than 6%. The Dow Jones […] Read more
