Business

Apple Forecasts Third Straight Sales Drop as iPhone Demand Cools

Apple reported revenues of $42.4bn for the quarter and profit of $7.8bn. Apple said it sold 4.25 million Mac personal computers, compared with an estimate of 4.4 million. For the current quarter , the company sees revenue in a range of $45.5 billion to $47.5 billion, with a gross profit margin of 37.5%. We've seen it happen time and time again in the past.

Twitter shares down 9% on revenue miss, weaker outlook

Analysts had been expecting adjusted earnings of 10 cents per share on $608 million in revenue. After the market closed, the San Francisco-based company said it had a loss of 15 cents per share. More than half of Facebook's 2016 revenues - about $12.08 billion this year - is expected to come from outside the U.S. For the full year, the team said it expects to see and adjusted EBITDA margin of 26 to 27 percent, and CapEx of $300 million to $375 million.

United States house prices rise less than expected in May

Chicago condo prices registered a slightly stronger year over year gain of 3.9%, which was actually lower than last month's 4.0%. US home prices extended their steady upward march in May, spurred by rising sales and a dwindling supply of available houses.

Cayuga County job count highest since 2011, unemployment rate lowest since 2007

On a seasonally adjusted basis, the overall jobless rate held steady at 8.9 percent in June. Putnam County's 3.5 percent rate was second lowest in the state. Data released last Thursday shows the local jobless rate rising to 10.2 percent in June from 8.3 percent in May. From June of a year ago, however, city results are all over the map.

Lindsay Lohan says she was 'strangled,' she's pregnant

The 30-year-old then posted a snap of Egor at a party, saying "Wow thanks #fiance with Russian hooker @dasha_pa5h", tagging Dasha Pashevkina , the creative director of PA5H. "'I'm done. I don't love you anymore". The Sun published a video that purportedly shows Lohan accusing her fiancé of strangling her. The two were allegedly standing on her multi-million dollar apartment's balcony when the footage was filmed by a neighbor.

Reserve Bank of New Zealand sees need for more easing

But the high value of the New Zealand dollar, which is 6 percent higher than the bank forecast in June, was also targeted for the impact on exporters and the dampening effect on inflation. Westpac acting chief economist Michael Gordon agreed that an OCR cut in August appears to be on the cards. This would be the technical case, but the Reserve Bank of New Zealand has recently suggested that is the Kiwi dollar continues to strengthen, they may have to do something drastic like a lower ...

How to hide your private information from Pokemon Go

However, it was observed by Adam Reeve that upon doing so, " Pokémon GO " gets full access to the platform, which means that the game app can see and apply modifications to an individual's Google account. On asked about Niantic collecting email address, IP address, the web page a user was using before logging into Pokemon Go , username and location, he said this is "typical of most apps".

Bondi joins feds in lawsuit to block major health insurance merger

Federal regulators filed a lawsuit today to block Aetna from acquiring Humana because they allege the merger would reduce competition, harm Americans across the country and lower the quality of care. Analysts trying to gauge the likelihood that the deals would go through have become increasingly sour on the Anthem-Cigna deal, seeing little chance that it will pass antitrust scrutiny.

Covered CA Rates To Jump 13% Statewide, Almost 15% In SF

Tuesday's announced increases are the largest since Covered California started selling Obamacare policies in 2013 for coverage in 2014, the first year that the Affordable Care Act mandated a tax penalty for those who go uncovered. ADVICE FOR CONSUMERS: Until more systemic reforms, consumers have some options available to them: "California consumers should take full advantage of the available subsidies, and the ability to shop around in Covered California, since they are no longer locked into a ...

SoftBank Will Buy Apple Chip Supplier ARM For Over $30 Billion

Any deal for ARM would come less than a month after Nikesh Arora, Son's heir apparent at SoftBank, quit the company. He said he wanted to develop Sprint and complete the transformation of SoftBank into an internet investment powerhouse. The deal comes just weeks after the United Kingdom chose to leave the European Union. Though it has warned on the staffing impact of Brexit, ARM Holdings' revenues are largely in dollars and it has a diverse portfolio.

BC supports housing vacancy tax in Vancouver to assist with rental shortage

The occupiers plan to stay in the apartment complex for as long as it takes to get the City of Burnaby to address their demands for an end to the practice of "demovictions", where renters in older buildings are forced to move out to make room for new condominium towers.

'Ghostbusters': Paul Feig Hired 'the Four Funniest People' to Honor Original Film

The film opens in the United Kingdom on 11 July, in Australia on 14 July and in the U.S. on 15 July. After begrudgingly joining Abby and Holtzman on an investigative mission to a haunted house, Erin sees an actual ghost and the three decide (not on their own accord, really ) to quit teaching and become paranormal investigators full time .

AG: 10000 Arizona vehicles eligible for VW settlement

This week, Volkswagen announced it would buy back more than 450,000 cars equipped with its 2.0-liter turbodiesel 4-cylinder in the US after it likely determined it couldn't fix those cars while maintaining the original levels of performance.

Lyft's latest response to Uber: Premier service in high-end rides

Lyft operates an "Ambassador" program, which pays people hundreds of dollars for new driver referrals. About the cost of Premier rides, Lyft said that it will charge consumers a premium for the high-end service; with its cost starting at $2.66 per mile.

Average US 30-year mortgage rate falls to new 2016 lows

The 30-year fixed-rate mortgage averaged 3.41% in the July 7 week, down from 3.48% in the prior week and just 10 basis points higher than its all-time low, notched in November 2012. First, lenders are in an improving-volume environment thanks to a pickup in borrower demand for refinances and home purchases as rates have fallen. Monthly payments on a 10-year fixed-rate refi at 2.79% would cost about $956 per month.

Amazon Prime Day Kicks Off in Atlanta

Don't let that put you off, though, because Prime is a pretty good deal even without Prime Day factored in. Amazon is pumping up its July Prime Day sales event by teasing countdown deals and emphasizing its fast delivery speeds. What this means is that you have free access to all of the eBooks you want for a monthly subscription fee. For £79 per year, Amazon Prime grants you access to unlimited one-day deliveries, the on-demand Prime Video and Prime Music streaming services, and the ...

Beastly Category 5 Super Typhoon Nepartak is headed right for Taiwan

Taiwan is bracing itself for the arrival of Typhoon Nepartak, with emergency operations teams battening down the hatches and thousands of tourists evacuated from islands. This should become clearer over the next few days, with Nepartak expected to near Taiwan on Thursday. Fortunately much of Eastern Taiwan is not heavily populated.

Porsche Panamera Turbo sets a new record at Nurburgring

The base, GTS, and SE Hybrid models will not return at the start of the model year, which is scheduled for next January. But that's not all that's destined to power the Panamera as MotorTrend reports the new second-gen model could gain hybrid tech from the 918 Spyder, potentially giving the Panamera a chance to sport as much as 700hp.

Turkish court remands 13 in jail over Istanbul airport attack

According to the report, Turkish police found military camouflage outfits and thermal binoculars, in addition to two passports issued under different names, in the suspects' suitcases. A team of 80 special forces troops have been patrolling Ataturk airport, one of Europe's busiest hubs, since Sunday. Turkey has been rocked by a series of attacks over the past year, blamed on both ISIS terrorists and Kurdish rebels.

SABC journalist "charged" over letter

It has been reported that the three journalists wrote to you, lashing out at censorship at the broadcaster. (SABC), after they were told they couldn't cover a protest of their own network, following the news that the network's COO had banned covering protests.