Buffett’s Berkshire loses money as stocks, Hurricane Ian offset rising demand

Buffett’s Berkshire loses money as stocks, Hurricane Ian offset rising demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit nevertheless rose by 20%, topping analyst forecasts. Berkshire benefited from increased demand and prices … Read more

Wall St loses over $200 billion in value after report from Amazon

Wall St loses over 0 billion in value after report from Amazon

Oct 27 (Reuters) – Over $200 billion in US stock market value went up in smoke in extended trade on Thursday, after a weak forecast from Amazon (AMZN.O) added to a string of downbeat quarterly reports from Big Tech companies. Amazon’s stock tumbled 17% after the bell, wiping out $190 billion in market capitalization after … Read more

Germany’s cybersecurity chief faces dismissal, reports say

Germany’s cybersecurity chief faces dismissal, reports say

BERLIN, Oct 10 (Reuters) – German Interior Minister Nancy Faeser wants to dismiss the country’s cybersecurity chief due to possible contacts with people involved with Russian security services, German media reported late on Sunday, citing government sources. Arne Schoenbohm, president of the BSI federal information security agency, could have had such contacts through the Cyber … Read more

EU approves phone charger reform, forcing Apple to adapt

EU approves phone charger reform, forcing Apple to adapt

BRUSSELS, Oct 4 (Reuters) – The European Parliament approved new rules on Tuesday that will introduce in the European Union a single charging port for mobile phones, tablets and cameras by 2024, a world first that is expected to affect iPhone maker Apple more than its rivals. The vote confirms an earlier agreement among EU … Read more

Apple drops plan to boost iPhone production as demand falters – Bloomberg

Apple drops plan to boost iPhone production as demand falters – Bloomberg

Sept 27 (Reuters) – Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family … Read more

Apple says it will manufacture iPhone 14 in India

Apple says it will manufacture iPhone 14 in India

The Apple logo is seen at an Apple Store in Brooklyn, New York, US October 23, 2020. REUTERS/Brendan McDermid/ Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Sept 26 (Reuters) – Apple Inc (AAPL.O) said on Monday it will manufacture its latest iPhone 14 in India, as the tech giant moves some … Read more

US adjusts sanctions to help Iranians evade online surveillance, censorship

US adjusts sanctions to help Iranians evade online surveillance, censorship

A computer engineer checks equipment at an internet service provider in Tehran February 15, 2011. Picture taken February 15, 2011. REUTERS/Caren Firouz/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 23 (Reuters) – The US Treasury Department on Friday issued guidance expanding the range of internet services available to Iranians … Read more

Apple to hike App Store prices in several countries from Oct

Apple to hike App Store prices in several countries from Oct

A man walks next to an advertisement for Apple’s new iPhone 11 Pro at the Apple Store in IFC, Central district, Hong Kong, China October 10, 2019, after Apple Inc on Wednesday removed an app that protestors in Hong Kong have used to track police movements from its app store. REUTERS/Athit Perawongmetha/File Photo Register now … Read more

New iPhones have Qualcomm satellite modem, new Apple radio chips

New iPhones have Qualcomm satellite modem, new Apple radio chips

Register now for FREE unlimited access to Reuters.com Register SAN LUIS OBISPO, Calif., Sept 17 (Reuters) – Apple Inc’s (AAPL.O) iPhone 14 models contain a Qualcomm Inc (QCOM.O) chip that can talk to satellites, but have additional custom-designed Apple components used in the phone’s biggest new feature, according to an analysis of the phone by … Read more

Roblox to launch 3D advertising next year

Roblox to launch 3D advertising next year

The Roblox logo is displayed on a banner, to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, US, March 10, 2021. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 9 (Reuters) – Online gaming firm Roblox Corp (RBLX.N) said on … Read more