Wall St posts third straight quarterly loss as inflation weighs, recession looms

Wall St posts third straight quarterly loss as inflation weighs, recession looms

S&P 500 notches largest September percentage drop in 20 years All three major U.S. stock indexes post three-quarter slumps Core inflation data hotter than expected Indexes down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK, Sept 30 (Reuters) – The S&P 500 closed the books on its steepest September decline in two decades on Friday, … Read more

Russia demands Apple explain VK removal from App Store

Russia demands Apple explain VK removal from App Store

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Sept 28 (Reuters) – Russia’s communications regulator on Wednesday demanded an explanation from Apple (AAPL.O) after applications operated by the Russian state-controlled tech firm VK (VKCOq.L) were removed from the U.S. firm’s App Store. The regulator, Roskomnadzor, … Read more

Exclusive: India’s push for home-grown navigation system jolts smartphone giants

Exclusive: India’s push for home-grown navigation system jolts smartphone giants

India wants local GPS rival in smartphones; industry fears costs Smartphone players want delay to New Delhi’s Jan. 2023 deadline Samsung, others say Indian system needs hardware changes-sources Boosting native system part of Modi’s self-reliance campaign NEW DELHI, Sept 26 (Reuters) – India is pushing tech giants to make smartphones compatible with its home-grown navigation … Read more

Apple to raise App Store prices in some countries in Europe, Asia

Apple to raise App Store prices in some countries in Europe, Asia

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

Google loses challenge against EU antitrust decision, other probes loom

Google loses challenge against EU antitrust decision, other probes loom

Register now for FREE unlimited access to Reuters.com Register LUXEMBOURG, Sept 14 (Reuters) – Google suffered one of its biggest setbacks on Wednesday when a top European court fined it 4.125 billion euros ($4.13 billion) for using its Android mobile operating system to thwart rivals, offering a precedent for other regulators to ratchet up pressure. … Read more

Apple to appeal Brazil sales ban of iPhone without charger

Apple to appeal Brazil sales ban of iPhone without charger

A customers holds the new green colour Apple iPhone 13 pro shortly after it went on sale inside the Apple Store on 5th Avenue in Manhattan in New York City, New York, U.S., March 18, 2022. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register SAO PAULO, Sept 6 (Reuters) – Apple Inc … Read more

Shenzhen shuts most public transport as China battles multiple outbreaks

Shenzhen shuts most public transport as China battles multiple outbreaks

Register now for FREE unlimited access to Reuters.com Register Shenzhen suspends public transport across majority of city Toyota, VW plants in Chengdu operate in ‘closed loops’ Chinese blue-chip stocks fall as curbs cloud outlook SHENZHEN, China, Sept 2 (Reuters) – The main districts of Chinese tech hub Shenzhen shut down public transport andextended curbs on … Read more

Arm sues Qualcomm, aiming to unwind Qualcomm’s $1.4 bln Nuvia purchase

Arm sues Qualcomm, aiming to unwind Qualcomm’s .4 bln Nuvia purchase

Qualcomm logo is during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, Aug 31 (Reuters) – Chip technology firm Arm Ltd, which is owned by Softbank Group Corp (9984.T), on Wednesday said it had sued Qualcomm Inc (QCOM.O) … Read more

Wall St falls for 3rd straight session on worries about Fed rate hikes

Wall St falls for 3rd straight session on worries about Fed rate hikes

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Best Buy sales beat estimates as discounts spur demand Jobs openings in July rise sharply Dow down 1.02%, S&P 500 down 1.22%, Nasdaq … Read more

Musk’s SpaceX and T-Mobile plan to connect mobile phones to satellites, boost cell coverage

Musk’s SpaceX and T-Mobile plan to connect mobile phones to satellites, boost cell coverage

Aug 25 (Reuters) – U.S wireless carrier T-Mobile US Inc (TMUS.O) will use Elon Musk-owned SpaceX’s Starlink satellites to provide mobile users with network access in parts of the United States, the companies announced on Thursday, outlining plans to connect users’ mobile phones directly to satellites in orbit. The new plans, which would exist alongside … Read more