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Apple Makes Plans to Move Production Out of China
In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and …
Treasury Yields Extend Surge – WSJ
Selling in U.S. government bonds accelerated on Thursday, sending yields soaring again as uncertainty over the pace of economic expansion continued to unsettle financial markets. The yield on the benchmark 10-year Treasury note, which rises when bond prices fall, jumped above 1.7% for the first time since the pandemic in early trading Thursday. Declines spread …
The Five Biggest Issues for Technology Companies in 2021
After a year of startling growth, the tech industry faces a more vexing 2021. The pandemic helped bring the world’s tech giants such as Amazon.com Inc. and Microsoft Corp. to new heights in 2020. The shift to online shopping and remote working accelerated at a pace that would have been inconceivable without the coronavirus. But …
Tech Giants Face New Rules in Europe, Backed by Huge Fines
European officials want new powers to oversee internal workings at large technology companies such as Facebook Inc., FB -0.56% backed by threats of multibillion-dollar fines, as they seek to expand their role as global tech enforcers. The European Union’s executive arm proposed two bills Tuesday—one focused on illegal content, the other on anticompetitive behavior—that would …
The U.S. vs. China: The High Cost of the Technology Cold War
The world is paying a high price for the technological Cold War between its two greatest powers. The U.S.-China conflict has already upended the tech industry in both countries, disrupting giant hardware manufacturers, computer-chip designers and even social-media services. Now the broader consequences are becoming clear, as the actions of Beijing and Washington reverberate across …
Justice Department Files Antitrust Lawsuit Against Google
The Justice Department filed an antitrust lawsuit Tuesday alleging that Google engaged in anticompetitive conduct to preserve monopolies in search and search advertising that form the cornerstones of its vast conglomerate. The long-anticipated case, filed in a Washington, D.C., federal court, marks the most aggressive U.S. legal challenge to a company’s dominance in the tech …
Apple’s 5G iPhone launch has investors hoping for ‘unprecedented upgrade cycle’
Apple Inc. has pulled off product virtual launches during the COVID-19 crisis, and now the company is gearing up for the most important one yet. The smartphone giant scheduled an online event for Oct. 13, which should bring the launch of the company’s first 5G-enabled iPhones. Apple AAPL, +0.92%’s new phones will be rolling out …
House Panel Says Big Tech Wields Monopoly Power
WASHINGTON—America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other business lines. Republicans issued a separate response endorsing strong antitrust enforcement targeting the companies but didn’t endorse …
Automakers, Technology Firms Are Largest Components of Fed’s Corporate-Bond Purchases
Apple Inc., Verizon Corp. and the U.S. divisions of several foreign auto makers are among the largest direct beneficiaries of Federal Reserve efforts to support the corporate-debt market, according to disclosures Sunday. In all, the Fed on Sunday identified 794 companies whose bonds it will be buying directly to support the market for investment-grade corporate …
Dow Jones Industrial Average Fell as Investors Need a Break After the April Rally
Text size After rallying 12.9% and 11.1% in April, the S&P 500 and Dow Jones Industrial Average, respectively, each finished their best month in 33 years. But the momentum faded the first day in May, as all three major indexes tumbled into the red. The Dow declined 622.03 points, or 2.55%, to finish at 23723.69. …
