Stocks making the biggest moves midday: Foot Locker, Apple, HP & more

Foot Locker — Shares of Foot Locker cratered 18.9% after the company reported dismal second-quarter results. The company reported adjusted earnings per share of 66 cents, compared to the 47 cents per share expected by analysts, according to Refinitiv. Alongside the news about Weisler, the company reported mixed third-quarter earnings and raised EPS guidance for its full year 2019. The company reported revenue of $4.01 billion, missing estimates of $4.02 billion surveyed by Refinitiv. Hibbett Spo


Foot Locker — Shares of Foot Locker cratered 18.9% after the company reported dismal second-quarter results. The company reported adjusted earnings per share of 66 cents, compared to the 47 cents per share expected by analysts, according to Refinitiv. Alongside the news about Weisler, the company reported mixed third-quarter earnings and raised EPS guidance for its full year 2019. The company reported revenue of $4.01 billion, missing estimates of $4.02 billion surveyed by Refinitiv. Hibbett Spo
Stocks making the biggest moves midday: Foot Locker, Apple, HP & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, hp, secondquarter, foot, analysts, locker, company, cents, software, midday, making, biggest, apple, revenue, shares, moves, reported, share, fell, stocks


Stocks making the biggest moves midday: Foot Locker, Apple, HP & more

Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California.

Check out the companies making headlines in midday trading:

Apple, Nvidia, Broadcom, Caterpillar — Shares of the tech companies, along with Caterpillar, all traded lower after President Donald Trump tweeted that U.S. companies should look for an “alternative to China,” ordering them to move their Chinese operations out of the country. This is the latest escalation in the U.S.-China trade war. Earlier on Friday, China announced new tariffs on $75 billion worth of U.S. products. Apple fell 4.6% while Nvidia fell 5.3% and Broadcom dropped 5.4%. Caterpillar traded 3.3% lower.

Foot Locker — Shares of Foot Locker cratered 18.9% after the company reported dismal second-quarter results. The shoe retailer reported earnings per share of 66 cents on revenue of $1.774 billion. Analysts expected earnings per share of 67 cents on revenue of $1.823 billion, according to FactSet. Foot Locker reported same-store sales growth of 0.8%, compared to the 3.3% estimated.

Salesforce — The cloud software company’s stock jumped 2.25% after announcing better-than-expected revenue and an upbeat full year guidance for its second-quarter. The company reported adjusted earnings per share of 66 cents, compared to the 47 cents per share expected by analysts, according to Refinitiv.

HP Inc — Shares of HP plummeted 5.9% after the company announced chief executive officer Dion Weisler will step down “due to a family health matter.” Alongside the news about Weisler, the company reported mixed third-quarter earnings and raised EPS guidance for its full year 2019.

Dell Technologies, Pivotal Software, VMware — Shares of VMware plunged 9.9% after the software company announced the acquisition of software companies Pivotal Software and Carbon Black in separate deals. Shares of Pivotal rose 8.6% on the news. Dell Technologies is a controlling stakeholder in both Pivotal and VMWare, and fell 6.6%.

Gap — Shares of retailer Gap fell 4.7% after reporting disappointing revenue and same-store sales for the second-quarter. The company reported revenue of $4.01 billion, missing estimates of $4.02 billion surveyed by Refinitiv. Same-store sales decreased 4%, while analysts expected a drop of 3%. Gap CEO Art Peck called out a “challenging environment.”

Macy’s — Shares of the retailer fell 4% after Guggenheim downgraded the company to neutral from buy. Guggenheim analysts said they don’t see headwinds “abating” with the prospect of future tariffs.

La-Z-Boy — Shares of furniture retailer La-Z-Boy rose 2% and closed up 0.3% after Raymond James upgraded the company to “outperform” from “market perform,” citing a strong U.S. consumer. The firm set a price target of $36, about a 14% upside for the stock.

Hibbett Sports — The sporting goods retailer’s stock nosedived 10.8% after reporting that its second-quarter revenue fell below estimates. Hibbett Sports reported a second-quarter adjusted loss per share of 13 cents on revenue of $252.4 million. Analysts had expected a loss per share of 16 cents on revenue of $255.9 million, according to FactSet. The company’s comparable store sales increase of 0.3% was also below the 0.4% rise expected by analysts.

— CNBC’s Fred Imbert and Elizabeth Myong contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, hp, secondquarter, foot, analysts, locker, company, cents, software, midday, making, biggest, apple, revenue, shares, moves, reported, share, fell, stocks


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Apple and chip stocks slide after Trump orders US companies to look for alternative to China

Semiconductor stocks and shares of Apple slid more than their peers in the tech sector on Friday, after President Donald Trump said U.S. companies should “immediately start looking for an alternative” to their operations in China. Among the chip companies, Qualcomm slid 4.7%, Nvidia lost 5.2%, Advanced Micro Devices dropped 7.4%, Micron fell roughly 4% and Broadcom slid 5.3%. Apple has felt the effects of Trump’s trade war with China more than most technology companies. Trump’s comments on Frida


Semiconductor stocks and shares of Apple slid more than their peers in the tech sector on Friday, after President Donald Trump said U.S. companies should “immediately start looking for an alternative” to their operations in China. Among the chip companies, Qualcomm slid 4.7%, Nvidia lost 5.2%, Advanced Micro Devices dropped 7.4%, Micron fell roughly 4% and Broadcom slid 5.3%. Apple has felt the effects of Trump’s trade war with China more than most technology companies. Trump’s comments on Frida
Apple and chip stocks slide after Trump orders US companies to look for alternative to China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
Keywords: news, cnbc, companies, companies, trumps, trump, orders, look, immediately, war, trade, tariffs, slid, slide, apple, alternative, start, china, chip, stocks


Apple and chip stocks slide after Trump orders US companies to look for alternative to China

Semiconductor stocks and shares of Apple slid more than their peers in the tech sector on Friday, after President Donald Trump said U.S. companies should “immediately start looking for an alternative” to their operations in China.

Shares of Apple ended the day down 4.6%, while the VanEck Vectors Semiconductor ETF declined 4.1%. Among the chip companies, Qualcomm slid 4.7%, Nvidia lost 5.2%, Advanced Micro Devices dropped 7.4%, Micron fell roughly 4% and Broadcom slid 5.3%.

The tech-heavy Nasdaq was off 2.6%, while the Dow Jones Industrial Average slid 2.3% and the S&P 500 fell 2.5%.

Apple has felt the effects of Trump’s trade war with China more than most technology companies. The company conducts the majority of its manufacturing process in China and the Chinese market represents a significant portion of its sales.

Trump’s comments on Friday mark the latest fallout in the trade war between the U.S. and China.

Markets immediately began to turn lower after Trump tweeted: “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing … your companies HOME and making your products in the USA.”

Trump’s tweet came after China on Friday pledged to levy tariffs on $75 billion more of U.S. goods, including autos. The new tariffs followed Trump’s plan to impose duties on $300 billion worth of China’s goods by December.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
Keywords: news, cnbc, companies, companies, trumps, trump, orders, look, immediately, war, trade, tariffs, slid, slide, apple, alternative, start, china, chip, stocks


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Applying for the new Apple Card? Here’s what you need to know

Apple announced on March 25, 2019, that it plans to roll out a new cash-back credit card this summer. Here’s what you need to know before applying for an Apple Card. The application process is quickThe Apple Card application is done completely on your phone. If your FICO score is 600 and above, you’re likely to get approved for an Apple Card, according to Apple. The card offers some unusual featuresCertain Apple Card features stand out, such as: The digital pay design.


Apple announced on March 25, 2019, that it plans to roll out a new cash-back credit card this summer. Here’s what you need to know before applying for an Apple Card. The application process is quickThe Apple Card application is done completely on your phone. If your FICO score is 600 and above, you’re likely to get approved for an Apple Card, according to Apple. The card offers some unusual featuresCertain Apple Card features stand out, such as: The digital pay design.
Applying for the new Apple Card? Here’s what you need to know Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: ivana pino, aditi shrikant, lance lambert, anna-louise jackson
Keywords: news, cnbc, companies, need, cards, apple, iphone, cashback, rewards, credit, purchases, daily, heres, know, cash, card, applying


Applying for the new Apple Card? Here's what you need to know

Apple announced on March 25, 2019, that it plans to roll out a new cash-back credit card this summer.

The much-anticipated Apple Card is now available to users everywhere. Apple, which launched the card in partnership with Goldman Sachs and invited a small number of people to apply in early August, has now made the card broadly accessible via the iPhone’s Wallet app. Here’s what you need to know before applying for an Apple Card.

The application process is quick

The Apple Card application is done completely on your phone. After you plug in your basic information, including your annual income, you’ll be prompted to scan a government-issued ID and specify whether or not you want a physical credit card, which, depending on your shopping habits, may be useful. Not all businesses are equipped to accept Apple Pay via your iPhone, which uses touch technology. The application process takes minutes. If you’re approved, the digital card will appear in your Apple Wallet and you can begin using it instantly. The card has no sign-up bonus or annual fee. Interest rates vary from 12.99% to 23.99%, depending on the applicant’s creditworthiness. The Apple Card approves the vast majority of applicants, even those with credit scores on the lower end of the spectrum, says Ted Rossman, a credit industry analyst for CreditCards.com. If your FICO score is 600 and above, you’re likely to get approved for an Apple Card, according to Apple. That’s 140 points lower than 740, which is the score that experts say can give you a “slam dunk” chance of qualifying for other cash-back rewards cards. “Apple Card is targeting a wide flock of the population, which is pretty unusual among rewards cards,” he says. “It’s actually an interesting starter card for people. If you have no credit or bad credit, this card starts to look more attractive.”

It’s actually an interesting starter card for people. If you have no credit or bad credit, this card starts to look more attractive. Ted Rossman Bankrate Analyst

You can get 3% cash back on some purchases

With the Apple Card’s “Daily Cash” program, users earn 3% cash back on purchases of all Apple products, including at Apple retail stores, in the App store and at Apple.com. The card offers 2% cash back on Apple Pay purchases and 1% cash back on all other purchases. On August 20, the company announced a 3% cash-back incentive for Uber and Uber Eats purchases, and it teased that more merchants would offer cash-back incentives at the 3% rate in the future. “I think they’re trying to play the long game by appealing to a lot of people, boosting iPhone and Apple Pay usage, and Daily Cash plays into that because it can be used to transfer cash to family and friends, in the same way you would use Venmo,” says Rossman. “The more they can get people transacting on their platform, the better for them.” As with any credit card, though, be mindful of best practices and be responsible. That means trying to make all payments on time, for example, and keeping your credit utilization rate, or how much credit you use compared to how much you could use, low — ideally below 30%. As long as you’re paying off your balance in full every month, using a card to make even small purchases can add up to help you qualify for rewards, Nick Ewen, senior editor at The Points Guy, recently told Grow.

The main security feature is ‘pretty novel’

The physical Apple credit card works when paired with your iPhone, diminishing the likelihood that your card can be used by a different iPhone user if lost or stolen. “I actually think this is pretty novel from a security standpoint, and I think others [card issuers] will probably copy it, because chip cards are really good at preventing in-person fraud but they don’t do anything online,” says Rossman. By securing online purchases, which require a thumbprint or face authentication, Apple is “moving the security game forward,” he adds.

The card offers some unusual features

Certain Apple Card features stand out, such as: The digital pay design. The Apple Card lives in your iPhone Wallet, meaning you don’t need the physical card to make in-person purchases as long as you have your phone. Cardholders can also receive a unique physical card that only contains the cardholder’s name and a titanium chip, no credit card number or security code. The daily cash back. Once a purchase is posted to your account, you’ll receive your cash-back rewards, which you can redeem daily. This is significantly faster than some rewards cards that require you wait a full billing cycle to redeem awards, but it’s not unique: Other card issuers, like Capital One, already offer daily cash-back benefits. The financial wellness tools. The card offers a “payment nudge” that shows how much interest you might get charged on certain purchases, and it also helps you track your spending in real time using color-coded spending categories.

The card’s downsides


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: ivana pino, aditi shrikant, lance lambert, anna-louise jackson
Keywords: news, cnbc, companies, need, cards, apple, iphone, cashback, rewards, credit, purchases, daily, heres, know, cash, card, applying


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Tim Cook has found the ‘recipe’ for a positive relationship with Trump, says Yale’s Jeff Sonnenfeld

Apple CEO Tim Cook has found the “recipe” for a positive relationship with President Donald Trump, management expert Jeffrey Sonnenfeld told CNBC on Thursday. “I don’t think many people would have predicted [the relationship between Tim Cook and Donald Trump].” The president praised the Apple CEO after the two had dinner in Bedminster, New Jersey, at Trump’s golf club last week. … Because he calls me and others don’t,” Trump told reporters Wednesday. This is our first CEO president in American


Apple CEO Tim Cook has found the “recipe” for a positive relationship with President Donald Trump, management expert Jeffrey Sonnenfeld told CNBC on Thursday. “I don’t think many people would have predicted [the relationship between Tim Cook and Donald Trump].” The president praised the Apple CEO after the two had dinner in Bedminster, New Jersey, at Trump’s golf club last week. … Because he calls me and others don’t,” Trump told reporters Wednesday. This is our first CEO president in American
Tim Cook has found the ‘recipe’ for a positive relationship with Trump, says Yale’s Jeff Sonnenfeld Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jasmine kim
Keywords: news, cnbc, companies, recipe, tim, relationship, positive, president, apple, sonnenfeld, ceo, told, trump, yales, jeff, management, business, cook


Tim Cook has found the 'recipe' for a positive relationship with Trump, says Yale's Jeff Sonnenfeld

Apple CEO Tim Cook has found the “recipe” for a positive relationship with President Donald Trump, management expert Jeffrey Sonnenfeld told CNBC on Thursday.

“Trump runs hot and cold on people,” the senior associate dean at the Yale School of Management said on “Closing Bell. ” “I don’t think many people would have predicted [the relationship between Tim Cook and Donald Trump].”

The president praised the Apple CEO after the two had dinner in Bedminster, New Jersey, at Trump’s golf club last week. “That’s why he’s a great executive. … Because he calls me and others don’t,” Trump told reporters Wednesday.

When talking about business leaders building relationships with the president, Sonnenfeld, who is also a CNBC contributor, said, “There are a lot of risks, a lot of reputation risks. There’s volatility but there were [also] very high hopes. This is our first CEO president in American history.”

The management expert explained that during the last election, “most of the major business communities did not support him. Almost 80% [of the Republican business executives] didn’t support him for president.”

He added, “It’s fitful. Even though he wants to use relationships, much of the public doesn’t appreciate him. He’s not one of them. He positions himself as one of them but they never saw him as one. His enterprise was never near the scale of any of these people’s businesses. He felt rejected from their club. So there’s some resentment there.”

Although Cook has publicly criticized Trump for his environmental and immigration polices and the president’s remarks on the white nationalist rally in Charlottesville, Virginia, he has found and “given [the business community] a recipe” for how to manage a positive relationship with the president, according to Sonnenfeld.

The CEO reportedly made a “good case” to Trump during the dinner meeting that it would be hard for Apple to pay tariffs while competing against its South Korean rival Samsung. Cook argued that the additional duties would be unfair in comparison to Samsung that does most of its manufacturing in South Korea.

Trump suggested that he delayed the 10% tariffs on laptops and cellphones because a majority of Apple’s final device assembly takes place in China.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jasmine kim
Keywords: news, cnbc, companies, recipe, tim, relationship, positive, president, apple, sonnenfeld, ceo, told, trump, yales, jeff, management, business, cook


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Apple reportedly plans to launch two ‘Pro’ iPhones within weeks

A customer looks at Apple’s new iPhone XS after it went on sale at the Apple Store in Tokyo, Japan, September 21, 2018. Apple plans to unveil three new iPhones next month, including two new “Pro” models and a successor to the iPhone XR, Bloomberg reported Thursday. The “Pro” models are meant to replace the iPhone XS and iPhone XS Max, according to the report. They’ll be packed with major upgrades to the rear-facing camera, including a sensor for capturing ultra-wide-angle photos and videos, whic


A customer looks at Apple’s new iPhone XS after it went on sale at the Apple Store in Tokyo, Japan, September 21, 2018. Apple plans to unveil three new iPhones next month, including two new “Pro” models and a successor to the iPhone XR, Bloomberg reported Thursday. The “Pro” models are meant to replace the iPhone XS and iPhone XS Max, according to the report. They’ll be packed with major upgrades to the rear-facing camera, including a sensor for capturing ultra-wide-angle photos and videos, whic
Apple reportedly plans to launch two ‘Pro’ iPhones within weeks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: annie palmer
Keywords: news, cnbc, companies, weeks, reportedly, iphone, enabling, iphones, plans, apple, bloomberg, models, according, pro, xs, report, camera, launch


Apple reportedly plans to launch two 'Pro' iPhones within weeks

A customer looks at Apple’s new iPhone XS after it went on sale at the Apple Store in Tokyo, Japan, September 21, 2018.

Apple plans to unveil three new iPhones next month, including two new “Pro” models and a successor to the iPhone XR, Bloomberg reported Thursday.

The “Pro” models are meant to replace the iPhone XS and iPhone XS Max, according to the report. They’ll be packed with major upgrades to the rear-facing camera, including a sensor for capturing ultra-wide-angle photos and videos, which is a first for Apple, according to Bloomberg. The new camera system will also allow for better photos in low-light environments, while enabling things like the ability to capture three images at once.

Apple plans to add a second rear camera to the iPhone XR successor, enabling features like enhanced portrait mode, as well as optical zoom, which allows users to zoom in further without impacting quality, Bloomberg reported.

All the new models are expected to include a new multi-angle Face ID sensor, enabling users to unlock their device even if it’s laying flat on a table, Bloomberg reported. Apple is said to be bringing faster A13 processors to each of the three iPhones, which is likely to power improved computer vision and augmented reality capabilities.

Aside from iPhones, the company is also likely to release refreshed iPads and MacBook Pros in the fall, according to the report. It’s also working on updated versions of AirPods and the HomePod smart speaker.

Representatives from Apple were not immediately available for comment.

Read the full Bloomberg report here.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: annie palmer
Keywords: news, cnbc, companies, weeks, reportedly, iphone, enabling, iphones, plans, apple, bloomberg, models, according, pro, xs, report, camera, launch


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Fitbit wins contract with Singapore to supply trackers to potentially hundreds of thousands of citizens

Fitbit announced a deal on Wednesday with the government of Singapore to provide hundreds of thousands of consumers there with fitness trackers as the country aims to make its population healthier. Fitbit told CNBC that starting next month, residents of Singapore can register for the Fitbit Inspire, which the company launched earlier this year specifically for employers and health plans. Fitbit CEO James Park is trying to push the company into software and services, where there’s recurring reven


Fitbit announced a deal on Wednesday with the government of Singapore to provide hundreds of thousands of consumers there with fitness trackers as the country aims to make its population healthier. Fitbit told CNBC that starting next month, residents of Singapore can register for the Fitbit Inspire, which the company launched earlier this year specifically for employers and health plans. Fitbit CEO James Park is trying to push the company into software and services, where there’s recurring reven
Fitbit wins contract with Singapore to supply trackers to potentially hundreds of thousands of citizens Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: christina farr
Keywords: news, cnbc, companies, potentially, citizens, health, provide, revenue, wins, trackers, fitbit, supply, million, contract, thousands, solutions, population, park, singapore, hundreds, apple


Fitbit wins contract with Singapore to supply trackers to potentially hundreds of thousands of citizens

Fitbit announced a deal on Wednesday with the government of Singapore to provide hundreds of thousands of consumers there with fitness trackers as the country aims to make its population healthier.

Fitbit told CNBC that starting next month, residents of Singapore can register for the Fitbit Inspire, which the company launched earlier this year specifically for employers and health plans. Customers won’t pay anything for the device, but will commit to spending $10 a month for a year of premium service, which includes guidance and one-on-one coaching.

While Fitbit grew rapidly in the hardware market in its early days, the company’s stock price has plunged more than 50% in the past year as competition has eaten into its core business. Apple has a commanding lead in the global smartwatch market and has a far bigger app ecosystem it can offer to customers, who are already using the iPhone.

Fitbit CEO James Park is trying to push the company into software and services, where there’s recurring revenue and fatter margins. The company declined to provide specific details about how much the Singapore deal is worth, but said that it’s material to its 2019 revenues for the health solutions business, which it previously said was on track to hit $100 million. A spokesperson noted that the agreement represents more than 5% of the health solutions unit’s expected revenue for 2020.

Singapore, with a population of about 5.6 million, has a program in place to use technology “to encourage Singaporeans to adopt healthy living and affect behavior change,” said Zee Yoong Kang, CEO of the country’s Health Promotion Board, in a statement.

“We intend to work with industry innovators, such as Fitbit, on additional efforts to use technology to provide Singaporeans with personalized health advice and nudges, so that they can take control of their own health,” he said.

Like many other countries, Singapore has rising rates of diabetes and heart disease, and is looking for ways to reduce health costs by encouraging its citizens to eat healthier and exercise more regularly. The initiative with Fitbit is called Live Healthy SG.

Park told CNBC that the negotiations were “highly competitive” and that Apple was among those vying for the bid. While the Fitbit Inspire sells for well under $100, the cheapest Apple Watch starts at about three times that amount. An Apple spokesperson didn’t respond to a request for comment.

“We think this program could reach up to one million people,” said Park, indicating he sees it possibly getting to almost 20% of the population. It’s an indication “hopefully to investors and other potential customers that the transformation that we’ve talked about in our business model is becoming real,” he said.

Correction: A previous version of this story incorrectly spelled Zee Yoong Kang. This update also clarifies that the deal represents 5% of health solutions revenue for 2020.

WATCH: Fitbit CEO James Park on innovation at affordable prices


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: christina farr
Keywords: news, cnbc, companies, potentially, citizens, health, provide, revenue, wins, trackers, fitbit, supply, million, contract, thousands, solutions, population, park, singapore, hundreds, apple


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Apple is turning to a Chinese firm for premium iPhone screens, report says

A Chinese man holds his son as they look at iPhones on display at an Apple store on January 7, 2019 in Beijing, China. Apple is in the final stages of certifying premium smartphone displays from Chinese tech firm BOE Technology Group for the iPhone, according to a report from the Nikkei. The move is aimed at cutting costs and reducing Apple’s reliance on Samsung, the Nikkei reported. The U.S. tech giant is expected to unveil its new flagship phones in September, and speculation has grown over wh


A Chinese man holds his son as they look at iPhones on display at an Apple store on January 7, 2019 in Beijing, China. Apple is in the final stages of certifying premium smartphone displays from Chinese tech firm BOE Technology Group for the iPhone, according to a report from the Nikkei. The move is aimed at cutting costs and reducing Apple’s reliance on Samsung, the Nikkei reported. The U.S. tech giant is expected to unveil its new flagship phones in September, and speculation has grown over wh
Apple is turning to a Chinese firm for premium iPhone screens, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: ryan browne
Keywords: news, cnbc, companies, turning, iphone, apple, unveil, premium, company, xr, xs, firm, screens, chinese, models, displays, nikkei, tech, report


Apple is turning to a Chinese firm for premium iPhone screens, report says

A Chinese man holds his son as they look at iPhones on display at an Apple store on January 7, 2019 in Beijing, China.

Apple is in the final stages of certifying premium smartphone displays from Chinese tech firm BOE Technology Group for the iPhone, according to a report from the Nikkei.

The Nikkei, citing sources, said that Apple was “aggressively testing” BOE’s flexible organic light-emitting diode (OLED) displays, adding the company would decide by the end of the year whether to take the company on as a supplier of the panels.

The move is aimed at cutting costs and reducing Apple’s reliance on Samsung, the Nikkei reported.

The U.S. tech giant is expected to unveil its new flagship phones in September, and speculation has grown over what Apple will bring to the table with the latest models. Last year, the company brought out three new models, the XS, XS Max and XR.


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: ryan browne
Keywords: news, cnbc, companies, turning, iphone, apple, unveil, premium, company, xr, xs, firm, screens, chinese, models, displays, nikkei, tech, report


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The Apple Card is the start of Goldman’s transformation into a consumer powerhouse, CEO says

With the official launch of the Apple Card, Goldman Sachs is embarking on a multi-decade journey to becoming a leader in consumer banking just as it has been in Wall Street banking and trading, CEO David Solomon said. “Apple Card is big, but it’s also a beginning,” Solomon said Tuesday in an internal memo obtained by CNBC. “In the decades to come, I expect us to be a leader in our consumer business, just like we are in our institutional and corporate businesses, with customer-centricity at the c


With the official launch of the Apple Card, Goldman Sachs is embarking on a multi-decade journey to becoming a leader in consumer banking just as it has been in Wall Street banking and trading, CEO David Solomon said. “Apple Card is big, but it’s also a beginning,” Solomon said Tuesday in an internal memo obtained by CNBC. “In the decades to come, I expect us to be a leader in our consumer business, just like we are in our institutional and corporate businesses, with customer-centricity at the c
The Apple Card is the start of Goldman’s transformation into a consumer powerhouse, CEO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: yun li dawn giel, yun li, dawn giel
Keywords: news, cnbc, companies, wall, customer, goldmans, leader, typically, banking, consumer, useful, start, ceo, powerhouse, card, trading, apple, solomon, transformation


The Apple Card is the start of Goldman's transformation into a consumer powerhouse, CEO says

With the official launch of the Apple Card, Goldman Sachs is embarking on a multi-decade journey to becoming a leader in consumer banking just as it has been in Wall Street banking and trading, CEO David Solomon said.

“Apple Card is big, but it’s also a beginning,” Solomon said Tuesday in an internal memo obtained by CNBC. “In the decades to come, I expect us to be a leader in our consumer business, just like we are in our institutional and corporate businesses, with customer-centricity at the core of everything we do.”

The co-branded credit card rolled out Tuesday to all U.S. customers, featuring a cash-back policy of up to 3% as well as a titanium, laser-etched physical card.

“Apple Card makes a typically frustrating application process easy; it provides an interface with more useful information for the customer; and it places greater importance on customer privacy and security,” Solomon said.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: yun li dawn giel, yun li, dawn giel
Keywords: news, cnbc, companies, wall, customer, goldmans, leader, typically, banking, consumer, useful, start, ceo, powerhouse, card, trading, apple, solomon, transformation


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Apple Card vs Uber Visa Card: Which is better for Uber users?

Below, CNBC Make It compared the new updates to the Apple Card with the Uber Visa Card to see which card is the best for Uber purchases and everyday use. Fees and APRsThe Apple Card and Uber Visa Card both have no annual fee or foreign transaction fees. However, when it comes to interest rates, the Apple Card beats the Uber Visa Card. It’s clear that the Uber Visa Card is better for UberEats and the Apple Card for Uber rides. However, there’s a catch when using the Apple Card to pay for Uber and


Below, CNBC Make It compared the new updates to the Apple Card with the Uber Visa Card to see which card is the best for Uber purchases and everyday use. Fees and APRsThe Apple Card and Uber Visa Card both have no annual fee or foreign transaction fees. However, when it comes to interest rates, the Apple Card beats the Uber Visa Card. It’s clear that the Uber Visa Card is better for UberEats and the Apple Card for Uber rides. However, there’s a catch when using the Apple Card to pay for Uber and
Apple Card vs Uber Visa Card: Which is better for Uber users? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: alexandria white
Keywords: news, cnbc, companies, app, cash, ubereats, vs, uber, purchases, visa, cards, users, pay, card, better, apple


Apple Card vs Uber Visa Card: Which is better for Uber users?

Apple announced on Tuesday, August 20, that it’s opening applications for the Apple Card to all consumers. In the announcement, Apple stated it’s also extending 3% cash back to more merchants and apps, starting with Uber. In its initial offer, cardholders only earned 3% cash back on goods or services purchased directly from Apple (including Apple retail stores, the Apple online store, the App Store, iTunes, Apple Music and other Apple-owned properties), but now they can earn 3% on Uber and Uber Eats purchases made with your Apple Card via Apple Pay. This enhancement puts the Apple Card in direct competition with the Uber Visa Card, which also awards bonus cash back on Uber and UberEats purchases. Below, CNBC Make It compared the new updates to the Apple Card with the Uber Visa Card to see which card is the best for Uber purchases and everyday use.

Fees and APRs

The Apple Card and Uber Visa Card both have no annual fee or foreign transaction fees. However, when it comes to interest rates, the Apple Card beats the Uber Visa Card. The Apple Card has an overall lower variable APR range of 12.99% to 23.99% compared to the Uber Visa Card with 17.99%, 23.99% or 28.74%. Winner: Apple Card with its lower APR range, which minimizes interest charges on unpaid balances.

Rewards

The Uber Visa Card is geared toward foodies and travelers, while the Apple Card is aimed at iPhone users and fans of the tech company’s products. The Uber Visa Card earns 4% cash back on UberEats purchases and 2% cash back on Uber rides. That’s compared to the Apple Card’s 3% cash back on both Uber and UberEats. It’s clear that the Uber Visa Card is better for UberEats and the Apple Card for Uber rides. However, there’s a catch when using the Apple Card to pay for Uber and UberEats: You need to pay with your Apple Card from Apple Pay. That means under payment methods in the Uber app, you need to select the Apple Pay option and then choose your Apple Card. You don’t want to manually enter (and then store) your Apple Card’s credit card number in your Uber app. If you do, you’ll only earn 1% cash back because you aren’t paying via Apple Pay. Beyond Uber-related rewards, the Uber Visa Card also offers 4% back on dining, 3% on hotel and airfare, 2% on online purchases (which includes streaming subscriptions) and 1% on all other purchases. The Apple Card earns 3% cash back on goods or services purchased directly from Apple (including Apple retail stores, the Apple online store, the App Store, iTunes, Apple Music and other Apple-owned properties), 2% cash back on all other Apple Pay purchases (which Apple says is accepted by 70% of all merchants, and includes businesses from Target to Airbnb) and 1% cash back on everything else. Winner: It depends on your spending habits — the Apple Card is best for fans of Apple products, frequent users of Apple Pay and Uber rides, while the Uber Visa Card is for foodies, travelers and UberEats consumers.

Redemption

Both cards let you redeem points on-the-go directly from the Apple Wallet app or Uber app, respectively. However, the Apple Card has no minimum rewards redemption amount — meaning you can redeem cash back at $0.05, $5, $25 or any other amount. Cash back can be redeemed in a number of ways: applied as a statement credit to your Apple Card balance, spent like cash through Apple Cash, transferred to a bank account or sent to friends via iMessage. The Uber Visa card requires you to accrue 500 points ($5) to redeem for Uber Cash and 2,500 points ($25) for all other redemptions, which include cash back and gift cards. The Apple Card’s Daily Cash and the Uber Visa Card’s points both post to your account quicker than typical credit cards that take one billing cycle. Daily Cash is deposited at the end of every day, once the transaction posts to your account. Similarly, Uber points are available the business day after the transaction posts to your account. Winner: The Apple Card with its Daily Cash program that deposits cash back at the end of every day (compared to the Uber Visa Card, which waits until the next business day after a transaction posts). Plus, the Apple Card lets you redeem cash back for any amount.

Added perks

Beyond the Daily Cash rewards program, the Apple Card is pretty basic. The card has no fees, which is helpful for cardholders who miss payments or travel abroad, but you won’t benefit from welcome bonus or additional perks. The Uber Visa Card stands out thanks to a $100 bonus you earn after you spend $500 on purchases in the first 90 days. Plus, you can receive up to a $50 statement credit for online subscription services after you spend $5,000 or more on your card per year. There’s also cell phone protection up to $600 for damage or theft when you pay your bill with your card. Winner: Uber Visa Card with a welcome bonus, annual statement credit for online subscription services and cell phone protection.

Bottom line


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: alexandria white
Keywords: news, cnbc, companies, app, cash, ubereats, vs, uber, purchases, visa, cards, users, pay, card, better, apple


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Apple Card is now available to everyone in the US

The Apple Card is now available to all U.S. customers, the company said Tuesday. Apple announced the full launch of its new iPhone-integrated credit card, a joint venture with Goldman Sachs, on its website Tuesday. The rewards program gives back a percentage of every purchase as cash on customers’ Apple Card “each day.” In early August, Apple invited its first customers to apply for the Apple Card. Apple reported $11.46 billion in services revenue for the fiscal third quarter.


The Apple Card is now available to all U.S. customers, the company said Tuesday. Apple announced the full launch of its new iPhone-integrated credit card, a joint venture with Goldman Sachs, on its website Tuesday. The rewards program gives back a percentage of every purchase as cash on customers’ Apple Card “each day.” In early August, Apple invited its first customers to apply for the Apple Card. Apple reported $11.46 billion in services revenue for the fiscal third quarter.
Apple Card is now available to everyone in the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: megan graham
Keywords: news, cnbc, companies, apply, card, uber, services, apple, sachs, spending, users, revenue, customers, available


Apple Card is now available to everyone in the US

The Apple Card is now available to all U.S. customers, the company said Tuesday.

Apple announced the full launch of its new iPhone-integrated credit card, a joint venture with Goldman Sachs, on its website Tuesday. Previously, a limited number of customers were invited to apply for the card early in a “preview.”

IPhone users can now apply for the card through the Wallet app “in minutes” and “start using it right away with Apple Pay in stores, in apps and on websites” if they are approved, according to the blog post. The card carries no fees, but customers who don’t pay their balance in full are subject to a 12.99% to 23.99% variable APR based on creditworthiness.

The company also announced it was extending the card’s 3% “Daily Cash” policy to more merchants and apps, including Uber and Uber Eats. The rewards program gives back a percentage of every purchase as cash on customers’ Apple Card “each day.”

In early August, Apple invited its first customers to apply for the Apple Card.

CNBC previously reported Apple wanted Goldman Sachs to approve as many of its 100 million-plus U.S. iPhone users as possible for the card, within the bounds of regulation and responsible lending. The bank has been accepting some applications from users with less-than-stellar credit scores.

The card does include financial wellness tools like a “payment nudge” that shows how much interest a user would be charged for a given payment amount. The card also displays detailed spending information in real time, letting users track weekly or monthly spending, categorized by color.

Apple, which is counting on recurring fees to boost revenue as iPhone sales slow, has been making a broader push to expand its services business via its 1.4 billion active devices. Apple reported $11.46 billion in services revenue for the fiscal third quarter.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: megan graham
Keywords: news, cnbc, companies, apply, card, uber, services, apple, sachs, spending, users, revenue, customers, available


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