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Invesco Vice Chairman of Investments Krishna Memani says President Trump's got a valid point and calls previous FED moves misplaced policy tightening as Wall Street prepares for the FED to cut interest rates.
The releases of iOS 13, watchOS 6 and macOS Catalina are likely just a coupleof months away, but that isn't stopping Apple from giving the current versionsa big sendoff
Facebook was among the biggest gainers on Fortune’s latest list of top-earning companies.
Jul.22 -- Jeff Williams co-created the Apple Watch and runs the company’s global operations. Now he's the heir apparent if CEO Tim Cook were to leave. Bloomberg's Mark Gurman reports on "Bloomberg Markets."
In between cramming for never-ending tests, going out with your classmates andcampaigning for the student union, you still need to keep fit
Acquisitions are what evening traders are talking about tonight.
(Bloomberg) -- Apple Inc. is negotiating to buy Intel Corp.’s struggling cellular modem unit, said a person familiar with the matter.A deal would give Apple key engineering talent and patents that would help it develop new devices to connect to the mobile internet. The Intel assets could be valued at about $1 billion in a transaction, said the person, who asked not to be identified because the matter was private.An agreement could be reached as soon as this week, though it’s possible talks could break down without a deal, the person said.Representatives for Apple and Intel declined to comment. The negotiations were reported earlier by the Wall Street Journal.Apple is building its own cellular modems for devices like the iPhone, iPad and Apple Watch in part to eventually reduce its reliance on buying parts from Qualcomm Inc. or others.Apple’s latest iPhone models currently use modems sourced exclusively from Intel, but the company settled its long-standing royalties lawsuit with Qualcomm in April amid plans to sell 5G iPhones in 2020. Qualcomm’s 5G modems are widely regarded to be superior to those from Intel. However, Apple’s licensing and royalties agreement with Qualcomm ends in six years and Apple appears intent on eventually replacing the Qualcomm parts with modems developed internally.A deal with Intel could be similar to Apple’s agreement to pay Dialog Semiconductor Plc $600 million to take over its power management business, the provider of another key component for Apple’s devices. Intel currently provides modems for Apple’s 4G LTE iPhones.To contact the reporters on this story: Liana Baker in New York at email@example.com;Mark Gurman in San Francisco at firstname.lastname@example.org;Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, Michael Hytha, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Amazon's Accelerator program has a clause that allows it to buy out exclusive brands. That could catch the attention of regulators.
Verizon Communications (VZ) closed at $55.50 in the latest trading session, marking a -1.93% move from the prior day.
Investors have been holding their breath for a Fed rate cut for a while now. But are they prepared in the event that that doesn't happen?