Foxconn’s november revenue fell 11% after Covid outbreak at iPhone factory

video Workers protest at Foxconn iPhone plant in China Hundreds of workers joined protests at Foxconn’s iPhone factory in China (Video: AP.) Foxconn Technology Group‘s November revenue dropped 11% from a year earlier after shipments from Zhengzhou, China, the world’s biggest iPhone assembly site, were affected by a Covid-19 outbreak, the company said Monday. Foxconn’s November revenue fell to 551.1 […]

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AT&T to pay $6M to SEC to settle lawsuit over leaks to analysts

video Corning opens Arizona fiber optic plant to serve AT&T rollout AT&T CEO John Stankey and Corning CEO Wendell Weeks discuss the new Arizona fiber optic facility designed to expand broadband and bring jobs to the western U.S. on ‘The Claman Countdown.’ AT&T Inc. has agreed to pay a $6.25 million penalty to settle a Securities and Exchange Commission lawsuit […]

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Stuart Varney: Sam Bankman-Fried's 'apology tour' is not stopping the implosion of crypto infrastructure

video Stuart Varney: Bankman-Fried’s ‘apology tour’ is not stopping the implosion of crypto infrastructure FOX Business host Stuart Varney argues Sam Bankman-Fried’s media tour is ‘undermining confidence’ in the cryptocurrency business. During his latest "My Take," "Varney & Co." host Stuart Varney discusses the fallout for FTX's Sam Bankman-Fried as he scrambles to "explain away the juvenile lunacy," arguing the […]

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Apple looking to move iPhone production out of China in wake of violent worker protests: report

video Apple collaboration with China ‘disappointing’ but ‘not surprising’: Sen. Blackburn Sen. Marsha Blackburn, R-Tenn., reacts to reports Apple limited crucial AirDrop function in China in the weeks leading up to anti-COVID lockdown demonstrations in China. Apple Inc., is accelerating its plan to move iPhone production out of China in the wake of violent worker protests over COVID regulations at […]

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Treasuries Soar Amid Optimism About Slower Rate Hikes

Following the rally seen going into the close of the previous session, treasuries showed another strong move to the upside during trading on Thursday. Bond prices moved sharply higher in early trading and saw continued strength as the day progressed. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, plunged 17.4 basis points […]

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Netflix's Reed Hastings weighs in on Elon Musk at NYT summit

video Elon Musk is waging battle against Apple, app store: Jonas Max Ferris Fox News contributor Jonas Max Ferris joined ‘Kennedy’ to discuss Apple threatening to pull Twitter from the app store and the likelihood Elon Musk creates his own phone.  Netflix co-CEO Reed Hastings offered some of his thoughts on billionaire and Twitter CEO Elon Musk while speaking Wednesday […]

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Phantom Wallet Expands to Ethereum, Polygon as Solana Plummets 92% YTD

As heavily VC-dependent Solana unwinds from its FTX/Alameda exposure, developers behind Solana’s Phantom wallet are looking for greener pastures. Phantom recently announced that it is extending support for Ethereum and its scalability network Polygon. Phantom Pivots to Ethereum and Polygon As the central gateway into Solana’s ecosystem, the Phantom wallet will add support for Ethereum and Polygon. This was somewhat […]

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