Apple had a record quarter in China with the highest ever number of iPhone upgrades

Customers try out iPhone 12 smartphones at an Apple store on October 23, 2020 in Shanghai, China. Wang Gang | Visual China Group | Getty Images GUANGZHOU, China — Apple raked in its highest ever revenue in the greater China region in the December quarter as a record number of iPhone upgrades helped the U.S. … Read more

Apple says its big privacy change is coming in ‘early spring’ as conflict with Facebook heats up

A monorail train displaying Google signage moves past a billboard advertising Apple iPhone security during the 2019 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Monday, Jan. 7, 2019. Bloomberg | Bloomberg | Getty Images The long-awaited privacy update to Apple’s iPhone and iPad operating systems that could dramatically hurt mobile advertising is … Read more

Low-cost airlines may be ‘better positioned’ for 2021 challenges

Most of Singapore’s 5.7 million residents have been unable to travel since Singapore shut its borders in late March. Roslan Rahman | AFP | Getty Images SINGAPORE — As the world races to roll out mass vaccination programs to combat Covid-19, analysts say more carriers will likely go bust this year and pre-pandemic demand won’t … Read more

This is Asia’s top-performing economy in the Covid pandemic — it’s not China

SINGAPORE — Vietnam is likely the top-performing Asian economy in 2020 — a feat that was achieved without a single quarter of economic contraction at a time when many economies globally were weighed down by the coronavirus pandemic. Not every Asian economy has reported fourth-quarter and full-year economic numbers. But estimates compiled by CNBC from … Read more

Reddit group WallStreetBets behind massive GameStop, AMC run-ups goes private, invitation required

Rafael Henrique | SOPA Images | LightRocket via Getty Images “Wallstreetbets” Reddit chat room, where retail investors marshal against short sellers, went private on Wednesday evening, limiting access to outsiders. “You must be invited to visit this community,” the page now states. The forum’s members topped three million as of Wednesday. The community gathered an … Read more

Fourth quarter GDP to show businesses spent, but consumers held back

A worker wearing a protective face mask operates a forklift to move boxes of face shields ready for shipment at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, April 29, 2020. Adam Glanzman | Bloomberg | Getty Images The economy continued to chug along in the fourth quarter, boosted by a surge in business … Read more

Massachusetts regulator says GameStop speculation is a danger to whole market as TD Ameritrade restricts trading

The wild trading involving GameStop shares presents a broader threat to the U.S. equity market, the chief securities regulator in Massachusetts told CNBC on Wednesday. “The marketplace should be a place where risk is taken, but not reckless risk and not a situation that undermines the system and that’s what we’re looking at here,” Massachusetts … Read more

Chamath Palihapitiya closes GameStop position, but defends investors’ right to sway stocks like pros

Billionaire tech investor Chamath Palihapitiya told CNBC Wednesday that he closed out his position in GameStop, one day after joining the trading frenzy around the videogame retailer. He also defended the power of individual investors to compete with Wall Street hedge funds. The CEO of Social Capital and former Facebook executive tweeted Tuesday that he … Read more

Stellantis agrees to $30 million fine to settle federal corruption probe of Fiat Chrysler

UAW President Rory Gamble (left) and U.S. Attorney Matthew Schneider announce a settlement agreement to end a years-long corruption investigation into the union on Dec. 14, 2020 in Detroit. Michael Wayland / CNBC Stellantis, formerly Fiat Chrysler, has agreed to pay $30 million as part of a plea deal to settle a criminal investigation into … Read more

HBO Max activations double to 17.2 million in fourth quarter

Gal Gadot stars as Wonder Woman in “Wonder Woman 1984.” Warner Bros. “Wonder Woman 1984” helped double the HBO Max’s activations to 17.2 million, AT&T said Thursday. The telecommunications company, which owns WarnerMedia, reported that HBO and HBO Max now have a combined 41.5 million domestic subscribers, up 20% from 34.6 million a year prior. … Read more