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Apple warns of serious supply headwinds in China

4 years 5 months ago
Apple topped Wall Street's estimates in its latest quarter and reported one of the strongest three-month periods in its history on Thursday thanks to record revenues for its services business and strong iPhone sales. However, the company warned that new Covid-related restrictions in China could hurt the current quarter.

Following Elon Musk's takeover, Twitter's leadership is likely in for a shakeup

4 years 5 months ago
Assuming all goes to plan, Elon Musk won't actually own Twitter for another few months but his swift deal for the company left watchers wondering what his takeover will mean for its management team. Will CEO Parag Agrawal, who's only held that position for four months, stick around? Will Musk, who already helms multiple companies, try to run the platform himself? Could cofounder Jack Dorsey, who just left to focus on running payments company Block, return to an executive role?

Major tech antitrust bill gets backing of US Commerce Department

4 years 5 months ago
The Commerce Department backed a key legislative proposal aimed at forcing tech giants such as Facebook and Google to compete against smaller businesses, agency secretary Gina Raimondo said Wednesday, in an announcement that throws the full weight of the Biden administration behind the bill.
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