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Apple cuts sales forecast as China sales weaken; iPhone pricing in focus

January 2, 2019 - 11:25pm
Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations.
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Explainer: North Korea warns of 'new path', but options limited

January 2, 2019 - 10:51pm
In his New Year address on Tuesday, North Korean leader Kim Jong Un warned he might take a "new path" if Washington maintains sanctions amid his country's push for economic development, but experts say it may be too late to change the trajectory of negotiations.
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For Warren Buffett, sinking Apple shares a wish come true

January 2, 2019 - 9:58pm
Billionaire Warren Buffett has said he would love to see Apple Inc shares decline in price so he could buy more. He is getting his wish.
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Brazil farm lobby wins as Bolsonaro grabs control over indigenous lands

January 2, 2019 - 9:57pm
New Brazilian President Jair Bolsonaro issued an executive order on Wednesday making the Agriculture Ministry responsible for deciding on lands claimed by indigenous peoples, in a victory for agribusiness that will likely enrage environmentalists.
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China gains cushion Asian shares after Apple jolt; flash crash hits currencies

January 2, 2019 - 9:57pm
U.S. stock futures fell on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth, but a move by China's central bank to help struggling smaller firms lifted shares there, cushioning losses for Asian markets.
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Cathay Pacific makes good on first-class ticket blunder

January 2, 2019 - 9:31pm
Cathay Pacific Airways said it would guarantee thousands of first and business-class flights sold at huge discounts after a ticketing error, calling the mistake a surprise special on New Years Day.
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Republicans spurn North Carolina board investigating election fraud

January 2, 2019 - 8:31pm
Republicans in North Carolina refused on Wednesday to participate in the creation of an interim elections board, forcing election officials to postpone a hearing in its investigation of election fraud in a congressional contest.
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No progress toward ending U.S. shutdown in Trump meeting with lawmakers

January 2, 2019 - 8:18pm
No agreement came out of a meeting between U.S. congressional leaders and President Donald Trump on Wednesday to end a partial government shutdown now in its 12th day as the president stuck to his demand for $5 billion in border wall funding fiercely opposed by Democrats.
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Shares skid as Apple warning stokes growth fears, 'flash crash' sweeps currencies

January 2, 2019 - 8:06pm
Shares in Asia fell on Thursday and U.S. stock futures dropped sharply after Apple Inc cut its revenue forecast due in part to weaker sales in China, adding to concerns about the slowing global economy.
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Wall Street ekes out gain, Apple cuts revenue forecast after the bell

January 2, 2019 - 7:57pm
Wall Street edged higher on Wednesday after stumbling out of the starting gate on the first trading day of 2019, while fears of a global economic slowdown were exacerbated after Apple cut its holiday-quarter revenue forecast.
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Senate will not consider House Democratic bills to end shutdown: Republican McConnell

January 2, 2019 - 7:45pm
U.S. Senate Republican leader Mitch McConnell said on Wednesday the Senate will not consider bills Democrats plan to vote on in the House on Thursday that would end the government shutdown but not include President Donald Trump's demand for $5 billion for a border wall.
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Senate panel sets confirmation hearing for attorney general nominee

January 2, 2019 - 7:33pm
The U.S. Senate Judiciary Committee said on Wednesday it would hold confirmation hearings on Jan. 15 and 16 for Attorney General nominee William Barr, who has come under fire from Democrats for his criticism of the special counsel's Russia probe.
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U.S. demands Russia explain American's detention on spying charges

January 2, 2019 - 7:04pm
The United States wants an explanation for why Russia detained a former U.S. Marine on spying charges in Moscow and will demand his immediate return if it determines his detention is inappropriate, Secretary of State Mike Pompeo said on Wednesday.
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Apple cuts forecast, citing weak China sales amid trade tensions

January 2, 2019 - 6:31pm
Apple Inc on Wednesday cut its sales forecast for its latest quarter, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations.
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AG nominee Barr to back off previous attack on antifraud law: source

January 2, 2019 - 6:29pm
U.S. President Donald Trump’s attorney general nominee William Barr is expected to back away from prior criticism of an anti-fraud law that allows private individuals to bring lawsuits on behalf of the government, a source familiar with the matter said on Wednesday.
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S&P 500 futures fall sharply after Apple cuts guidance

January 2, 2019 - 6:20pm
S&P 500 futures fell 1.5 percent as trading resumed late on Wednesday after Apple cut its forecast for the holiday quarter.
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Apple cuts revenue forecast on weak China sales

January 2, 2019 - 6:10pm
Apple Inc on Wednesday cut the revenue forecast for its latest quarter, citing fewer iPhone upgrades and weak sales in China, and its shares tumbled in after-hours trade.
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For Shanahan, a very public debut in Trump's cabinet

January 2, 2019 - 5:41pm
Patrick Shanahan was thrust into the spotlight during his debut as acting U.S. defense secretary on Wednesday, sitting next to President Donald Trump as he publicly disparaged Shanahan's predecessor, lampooned the war in Afghanistan and called Syria a land of "sand" and "death."
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No sign of progress after Trump meets lawmakers on shutdown

January 2, 2019 - 5:33pm
Democratic and Republican congressional leaders emerged from a meeting with President Donald Trump on Wednesday giving no indication of any progress toward ending a partial government shutdown in its 12th day as Trump held fast to his demand for $5 billion in funding for a border wall.
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Wall Street ekes out gains, Apple cuts revenue forecast after the bell

January 2, 2019 - 5:31pm
Wall Street edged nominally higher on Wednesday after stumbling out of the starting gate on the first trading day of the new year, as fears of a global economic slowdown were exacerbated after Apple Inc cut its current quarter revenue forecast.
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