Business

These stocks and sectors could thrive under Biden

Joe Biden will be the 46th president of the United States — and Wall Street is busy trying to figure out how to profit from that. Monday’s big market rally likely had more to do with the reported efficacy of the Covid-19 vaccine that Pfizer (PFE) and BioNTech (BNTX) are working on than Biden’s victory.But […]

Business

Apple details new MacBook Air, MacBook Pro and Mac Mini — all powered by in-house silicon chips

Apple on Tuesday introduced a series of new Macs, its first powered by processors developed in-house. Apple first teased the new chips at its Worldwide Developers Conference in June, with CEO Tim Cook saying it would launch the first computers powered by them by the end of the year and complete the entire transition within […]

Business

How the 5G iPhone kicked off the latest carrier wars

Mobile carriers in the United States have spent tens of billions of dollars in a race to build out their 5G networks. Now, they’re eager to get consumers using — and paying for — the new wireless network technology. The launch of the first 5G iPhone marks the biggest opportunity yet to do that, kicking […]

Business

EU hits Amazon with antitrust charges. A huge fine could follow

The European Union has unveiled formal antitrust charges against Amazon for abusing its dominance in online shopping and opened a second investigation into the company’s business practices. Margrethe Vestager, the European Commission’s top antitrust official, accused Amazon on Tuesday of illegally abusing its dominant position as an online marketplace in Germany and France, the company’s […]

Business

Big Tech shouldn’t breathe a sigh of relief over Biden

Don’t expect Joe Biden to go any easier on Big Tech than President Donald Trump has. That’s the view many Washington policy experts are taking to the prospect of a Biden presidency. It highlights how, despite some enormous differences from Trump in terms of style and policy, there may be more continuity between the two […]

Business

Ring recalls 350,000 smart doorbells after some of them caught fire

Amazon-subsidiary Ring is recalling hundreds of thousands of video doorbells after receiving reports of them catching fire. The potential fire hazard impacts around 350,000 2nd generation Ring doorbells sold in the United States and roughly 8,700 more sold in Canada, according to a notice posted by the US Consumer Product Safety Commission (CPSC) on Tuesday. […]

Business

Electric car batteries are catching fire and that could be a big turnoff to buyers

Automakers seeking to forge ahead in the electric vehicle market have been hitting a bump in the road recently: batteries keep catching fire. At the end of September, BMW initiated a recall in the United States of 10 different BMW and Mini plug-in hybrid models because of a risk of fire caused by debris that […]