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Now Lumentum Holdings, the main supplier of the Face ID technology in the latest generation of iPhones, cut $70 million off its forecasts for revenue on Monday, knocking another five percent, or around $50 billion off Apple's value in morning trade on Wall Street.
  • Wall Street falls as US-China trade tensions rise

    Wall Street falls as US-China trade tensions rise

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    According to the Bloomberg report , the new list would cover the $257 billion worth of Chinese goods not already affected by tariffs and would come into effect by February, following a 60-day public comment period. NAB's Mark Todd said he doesn't see China or United States backing down. Marijuana producers pushed health care stocks higher by 1.4 per cent. Aphria Inc.
  • Government says consultations on with RBI, remains mum on Section 7

    Government says consultations on with RBI, remains mum on Section 7

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    Although the government has issued a press statement on Wednesday afternoon in a bid to clarify controversy surrounding invocation of section 7, sources said the tussle has been going on for quite some time and it all started with "forced demonetisation" by the government in 2016.
  • Dow futures point to gains at the open after strong Boeing earnings

    Dow futures point to gains at the open after strong Boeing earnings

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    US stock index futures indicated a mixed start to the trading day amid a slew of corporate earnings reports. However, sentiment was dented after-market when big names Alphabet Inc and Amazon.com Inc reported disappointing numbers. The activity on financial markets is not yet deserving of panic; instead, it remains an opportunity for re-evaluation amidst changing circumstances. Growth is expected to slow further in the fourth quarter, as the effects of U.S.
  • Amazon Reports More Profit In Q3, But Revenue Lag Hurts Stock

    Amazon Reports More Profit In Q3, But Revenue Lag Hurts Stock

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    To be sure, Amazon shares ( AMZN .O) dropped by the most in four years on Friday after its outlook for holiday season sales missed targets , fanning concerns that Wall Street's tech darlings are finally starting to face stronger competition, Reuters reported .
  • China Denies Spying On Trump’s iPhone, Suggests He Should Switch To Huawei

    China Denies Spying On Trump’s iPhone, Suggests He Should Switch To Huawei

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    A spokeswoman for the China Foreign Ministry has suggested President Trump switch to a Huawei phone after the New York Times reported that Chinese and Russian spies are most likely tapping the US President's iPhones. The US Democratic National Committee warned party candidates running in November elections not to use devices from Huawei or ZTE, another major Chinese telecoms gear-maker.
  • Jamal Khashoggi's killing 'extrajudicial execution', says UN

    Jamal Khashoggi's killing 'extrajudicial execution', says UN

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    Riyadh finally accepted on Thursday what Turkey had said virtually from the start - that he was killed in a premeditated hit . US intelligence officials and lawmakers as well as the European Union have said that an operation targeting a critic of the royal court in a foreign country is unlikely to have been ordered without the knowledge of senior Saudi officials.
  • Mega Millions numbers selected for Tuesday’s $1.6B prize

    Mega Millions numbers selected for Tuesday’s $1.6B prize

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    That jackpot could soar to $2 billion if there's no victor, according to the Maryland and Texas Lotteries. Mega Millions tickets cost $2.00 per play. "I don't know", Ojeda said, "but I'd like to find out!" Here's how Mega Millions used to work: Players picked five numbers from 1 to 75 and a Mega number from 1 to 15.
  • Saudi FM reaffirms commitment to full investigation into Khashoggi killing

    Saudi FM reaffirms commitment to full investigation into Khashoggi killing

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    Trump has come under bipartisan criticism for taking a soft stance on the Saudis and as recently as last weekend called the government's story " credible ". " Jamal Khashoggi's killing is a violently planned and a very complicated murder, which was being covered up", Omer Celik, AKP spokesman, said at the party's headquarters in Ankara on Monday .
  • Turkey Says Journalist Jamal Khashoggi's Murder 'Savagely Planned'

    Turkey Says Journalist Jamal Khashoggi's Murder 'Savagely Planned'

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    The network said it had obtained law enforcement footage showing the man, identified as Mustafa al-Madani, leaving the Saudi consulate by a back door while wearing Khashoggi's clothes, a fake beard and glasses - but different shoes. He also insisted that Prince Mohammed, defacto ruler of Saudi Arabia, was not to blame. The deal "will allow us to intervene to rebalance the market in any appropriate time from January onward", he said.
  • Saudi official says Khashoggi's body given to 'local cooperator' inside rug

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    Mutrib was identified as one of the 15-member Saudi team that is believed to have been involved in the killing of the Saudi journalist. "The individuals who did this did this outside the scope of their authority", he said. The UK, France and Germany issued a joint statement expressing shock at the death and demanding a full explanation, saying: "Nothing can justify this killing and we condemn it in the strongest possible terms".
  • Migrant Caravan Clash With Mexican Police, Break Down Border Fence

    Migrant Caravan Clash With Mexican Police, Break Down Border Fence

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    The group was comprised of 100 Guatemalans and eight Hondurans. Some hung out their wet clothes to dry on railings and tree branches, while looked for a way to exchange their Guatemalan quetzales for Mexican pesos. Beyond that, this situation catches Mexico at a odd time. In another, he suggested that the "onslaught" of immigrants could undermine a recently announced reworked trade deal with Mexico and Canada, writing that immigration is "far more important to me, as President, than ...
  • Mega Millions jackpot grows to $970 million

    Mega Millions jackpot grows to $970 million

    Money

    That reflects the game's long odds , at one in 302.5 million. About half of the jackpot winnings would go to taxes. But no one picked the six winning Mega Millions numbers correctly, so the jackpot rolled over and soared even higher. There was a drawing on Tuesday night but nobody guessed all six numbers. Powerball odds are just slightly better at 1 in 292.2 million. Two big jackpots at the same time, says Smithfield News owner Kashif Malik, adds up to more ticket buyers.
  • Trump says missing journalist likely dead, threatens punishment

    Trump says missing journalist likely dead, threatens punishment

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    Axios co-founder Mike Allen told Dana Perino that Pompeo warned Crown Prince Mohammed bin Salman that the kingdom would only have 72 hours to complete a promised investigation. " Unless the miracle of all miracles happens, I would acknowledge that he's dead ", Trump said to The Times . Gen. Ahmed al-Assiri, a high-ranking adviser to the crown prince, would be an extraordinary recognition of the magnitude of worldwide backlash to hit the kingdom since the disappearance of Mr.
  • Oil steady as Saudi tensions balance demand outlook

    Oil steady as Saudi tensions balance demand outlook

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    India's Reliance Industries Ltd (RELI.NS), owner of the world's biggest refining complex, has halted imports of Iranian crude ahead of US sanctions against Tehran's oil sector, its joint chief financial officer said . Saudi Arabia has been under pressure since Khashoggi, a critic of Riyadh and a USA resident, disappeared on October 2 after visiting the Saudi consulate in Istanbul.
  • SoftBank's Saudi Ties Unnerve Investors as Shares Drop 8 Percent

    SoftBank's Saudi Ties Unnerve Investors as Shares Drop 8 Percent

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    The statement did not directly acknowledge Khashoggi's disappearance, which happened October 2 when he visited the Saudi Consulate in Istanbul. They said there must be a credible investigation to establish the truth and "if relevant" identify those responsible for Khashoggi's disappearance.
  • Mega Millions hits largest jackpot ever

    Mega Millions hits largest jackpot ever

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    The Mega Millions prize was already giant, but now it's absolutely massive. That distinction goes to the $1.586 Powerball jackpot in 2016 that was shared by three winners, including a Chino Hills couple. Before claiming the prize, the lucky victor must first sign the back of the ticket to prove ownership. Lottery officials say the jackpot is the third-largest grand prize in United States history.