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Apple slides into a bear market — now down 20% from its all-time high

Richard Drew/AP Apple slid into a bear market Wednesday, down 20% from its October peak. In August, the tech giant became the first US company with a $1 trillion valuation. Shares have been hit hard after the company reported underwhelming iPhone sales and suppliers warned of a slowdown in the smartphone market. Watch Apple trade…

Fox News announces it’s supporting CNN’s lawsuit against the Trump administration for revoking Jim...

Fox News has thrown its support behind CNN's lawsuit against the Trump administration to win back White House correspondent Jim Acosta's press credentials, in a stunning move for the cable news network whose on-air personalities have often criticized both CNN and Acosta. Fox News president Jay Wallace said in a statement that the company will…

New York City’s top tabloids have weighed in on Amazon HQ2 — and they’re...

New Yorkers know that a news story is a big deal when both the New York Daily News and the New York Post slap it on their front pages. Such was the case Wednesday morning, when the two city tabloids ran with Amazon HQ2 news as a front-page story. Long Island City will officially host…

Snap sinks after revealing it was subpoenaed by the DOJ and SEC for information...

Matt Winkelmeyer/Getty Images Snap told Reuters this week that it had responded to subpoenas from US regulators on concerns related to the company's IPO disclosures. Investors have accused Snap of misleading the public about how competition from Facebook's Instagram service had affected the company's growth. Snap has been struggling this year under sustained pressure from…

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA,...

Reuters/Thomas Peter Here is what you need to know. Oil could extend its record losing streak. West Texas Intermediate crude oil fell by as much as 1% to $55.13 a barrel early Wednesday but is now little changed near $55.75. Any down close would extend its record losing streak to a 13th straight day. The…

Tech companies in the US and China are locked in a ruthless battle for...

No matter how you look at it, the relationship between the US and China is historically fraught. Perhaps the highest-profile example is the trade skirmish that has broken out between the two countries. President Donald Trump has employed tactics that his Chinese counterparts have characterized as "bullying," and the two sides have levied massive tariffs…

Amazon’s New York headquarters could mean millions in tax breaks from Trump’s tax plan

Amazon announced on Tuesday that its second headquarters, dubbed "HQ2," will be split between the Long Island City neighborhood of Queens, New York and Arlington, Virginia. Reports emerged on Wednesday that the Long Island City location could give Amazon and other investors in the area considerable tax breaks, as it is part of an "opportunity…

Oil drops for a 13th straight day as analysts warn it could drop below...

Oil prices remain under the pump on Wednesday following the commodity's worst single day of trading in several months, as global fears surrounding demand worry investors. By around 8.50 a.m. in London (3.50 a.m. ET), the price of West Texas Intermediate, the US benchmark, is only marginally higher, trading 0.2% up at $55.80 per barrel,…

These tech execs stood out as the big winners and losers in a turbulent...

Amazon stirred up excitement last year when it announced plans to build a second headquarters, outside its Seattle home, somewhere in North America. The company triggered a coast-to-coast bidding war as cities dangled generous tax breaks and other incentives to woo Amazon and the 50,000 jobs and $5 billion in investments it promised. As the…

The poorest nation in the Pacific will host its richest economic get-together, and it...

The Asia Pacific Economic Cooperation Leaders' Summit or APEC, if you're feeling a little lost amid the proliferation of global get-togethers is the one where all the leaders line up afterward in colorful shirts, looking — as some commentators have quipped — out of place. Usually that's APEC's key takeaway — how out of place…

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Apple sends invites to Oct. 30 event, new iPad Pros expected

New iPads are probably on their way.Image: lili sams/mashableBy Raymond Wong2018-10-18 16:16:14 UTC More new Apple devices are coming. As if this month wasn't already jam-packed with new product announcements from every tech company under the sun, Apple just sent out invitations for an event on Oct. 30 where it willl likely announce updated iPad…

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