Tuesday, February 4

Tag: AAPL

2Dec By adminNo Comments
Money

A Divorce With Apple, Internal Strife: How Goldman’s Main Street Bet Failed

Updated Dec. 2, 2023 12:23 am ETAt an off-site in upstate New York last month, during a dinner lasting roughly three hours, Goldman Sachs Chief Executive David Solomon told partners that the firm had made some mistakes with consumer lending. But, he said, the business wasn’t as bad as they thought and they didn’t understand the details. He wouldn’t tolerate partners trash-talking Goldman’s decision to get into consumer lending, he told them.Goldman has known for a while that consumer lending wasn’t really working out, and the bank has been looking for the exits. But it was Apple that sealed it. The tech giant recently sent a proposal to Goldman that would pull the plug on their credit-card partnership, the crown jewel of the business.Copyright ©2023 Dow Jones & Company, Inc. All Right...
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2Dec By adminNo Comments
World

A Divorce With Apple, Internal Strife: How Goldman’s Main Street Bet Failed

Updated Dec. 2, 2023 12:23 am ETAt an off-site in upstate New York last month, during a dinner lasting roughly three hours, Goldman Sachs Chief Executive David Solomon told partners that the firm had made some mistakes with consumer lending. But, he said, the business wasn’t as bad as they thought and they didn’t understand the details. He wouldn’t tolerate partners trash-talking Goldman’s decision to get into consumer lending, he told them.Goldman has known for a while that consumer lending wasn’t really working out, and the bank has been looking for the exits. But it was Apple that sealed it. The tech giant recently sent a proposal to Goldman that would pull the plug on their credit-card partnership, the crown jewel of the business.Copyright ©2023 Dow Jones & Company, Inc. All Right...
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Apple Pulls Plug on Goldman Credit-Card Partnership
29Nov By adminNo Comments
Money

Apple Pulls Plug on Goldman Credit-Card Partnership

Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the final nail in the coffin of the Wall Street bank’s bid to expand into consumer lending.  The tech giant recently sent a proposal to Goldman to exit from the contract in the next roughly 12-to-15 months, according to people briefed on the matter. The exit would cover their entire consumer partnership, including the credit card the companies launched in 2019 and the savings account rolled out this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Apple Pulls Plug on Goldman Credit-Card Partnership
28Nov By adminNo Comments
World

Apple Pulls Plug on Goldman Credit-Card Partnership

Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the final nail in the coffin of the Wall Street bank’s bid to expand into consumer lending.  The tech giant recently sent a proposal to Goldman to exit from the contract in the next roughly 12-to-15 months, according to people briefed on the matter. The exit would cover their entire consumer partnership, including the credit card the companies launched in 2019 and the savings account rolled out this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Elon Musk’s X Sues Media Matters Over Antisemitism Report
26Nov By adminNo Comments
Technology

Elon Musk’s X Sues Media Matters Over Antisemitism Report

Updated Nov. 21, 2023 5:54 pm ETElon Musk’s social-media company X sued Media Matters for America after the left-leaning media watchdog group reported ads appeared near antisemitic and pro-Nazi content on the platform formerly known as Twitter.X alleged in its lawsuit filed in federal court Monday that Media Matters was trying to drive away its advertisers. Media Matters in a report last week said X placed ads for certain companies next to posts supporting Nazis and white nationalism. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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iPhone Fixes to Make if You’re the Family IT Department This Year
25Nov By adminNo Comments
Technology

iPhone Fixes to Make if You’re the Family IT Department This Year

It’s the holiday season, which means someone has got to step into the role of family IT department, whether by choice or by default. This year, it might be you. Don’t fret, this is your moment to shine. Plus, better tech can bring people closer together and keep everyone connected. Here are ways you can help your family members get more from their iPhones, even if they’re using older models.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Nvidia Earnings Preview: What Investors Should Expect From the AI Stock Star
20Nov By adminNo Comments
Technology

Nvidia Earnings Preview: What Investors Should Expect From the AI Stock Star

Updated Nov. 20, 2023 4:47 pm ETThere is a lot riding on the earnings report this week from Nvidia, both for the company’s ebullient investors and the entire stock market.Nvidia has been the big winner of the bet that artificial intelligence is the next big thing in tech, the so-called AI trade that surged in popularity after OpenAI’s release of its ChatGPT app. The chip maker’s shares have more than tripled this year, contributing to a sizable portion of the S&P 500’s 18% rise.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Apple Had Better Watch Its Back in China
20Nov By adminNo Comments
Money

Apple Had Better Watch Its Back in China

Signals are finally getting stronger for the global smartphone market. Chinese handset makers like Huawei, which had been locked out of the race by U.S. sanctions, are dialing back in.That adds up to a tricky outlook for Apple in China, its second-largest revenue region after North America. Huawei’s Chinese rival Xiaomi, which reported third-quarter results Monday, is also making a renewed push in the premium segment—Apple’s bread and butter.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Nvidia Earnings Preview: What Investors Should Expect From the AI Stock Star
20Nov By adminNo Comments
World

Nvidia Earnings Preview: What Investors Should Expect From the AI Stock Star

There is a lot riding on the earnings report this week from Nvidia, both for the company’s ebullient investors and the entire stock market.Nvidia has been the big winner of the bet that artificial intelligence is the next big thing in tech, the so-called AI trade that surged in popularity after OpenAI’s release of its ChatGPT app. The chip maker’s shares have more than tripled this year, contributing to a sizable portion of the S&P 500’s 18% rise.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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iPhone Maker Braces for China’s Ire Over Founder’s Taiwan Presidential Bid
16Nov By adminNo Comments
Technology

iPhone Maker Braces for China’s Ire Over Founder’s Taiwan Presidential Bid

Updated Nov. 14, 2023 10:20 am ETFoxconn Technology, one of Apple’s biggest suppliers, said it has contingency plans in case the company faces repercussions in China over its founder’s bid for the Taiwan presidency. Terry Gou, who has stepped down from executive roles at the company but still holds more than 12% of its shares, qualified on Tuesday to run January’s poll after the election commission said he had obtained more than 900,000 valid voter signatures, three times the number required to become a candidate.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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