An Apple employee stands in front of an Apple store in Hong Kong. Budrul Chukrut | SOPA Images | LightRocket | Getty Images Apple‘s earnings face a “manageable” hit from the newly proposed tariffs, and Thursday’s sell-off makes the stock an even more attractive buy for investors, Bank of America Merrill Lynch said in a
Earnings
Offshore workers examine hydrocarbon samples aboard the Chevron Corp. Jack/St. Malo deepwater oil platform in the Gulf of Mexico off the coast of Louisiana, U.S., on Friday, May 18, 2018. Luke Sharrett | Bloomberg | Getty Images Chevron reported a 26.3% rise in quarterly profit on Friday, as higher production more than offset lower crude oil
About half of the United States should expect to have functioning next generation 5G wireless technology by 2020, Verizon CEO Hans Vestberg told CNBC on Thursday. “I think that’s next year,” Vestberg said, when asked when he sees 5G reaching 50% of America. By 2024, half the population will actually a 5G phone, he added.
A Wayfair employee works at his desk at the Boston headquarters of Wayfair on July 31, 2018. Suzanne Kreiter | Boston Globe | Getty Images Wayfair shares whipsawed Thursday morning after the online furniture retailer reported a larger loss for its fiscal second quarter, as costs for things like advertising and customer service skyrocketed. The
A customer smokes British American Tobacco Plc’s Glo smokeless tobacco device in Tokyo, Japan, June 26, 2017. Akio Kon | Bloomberg | Getty Images British American Tobacco beat first-half sales forecasts on Thursday, helped by higher demand for e-cigarettes, and predicted a stronger performance in the second half as it focuses on a smaller number