Tag Archives: Apple Inc.

Since Howard Lutnick was tapped to serve as President Trump’s commerce secretary, executives from some of the world’s largest companies have been trying to win him over. Leaders of Nvidia, Facebook, Taiwan Semiconductor Manufacturing Company and Alphabet have visited his newly purchased $25 million property in Washington — a 16,250-square-foot mansion that Mr. Lutnick, a billionaire, recently quipped would be …

President Trump is expected to announce further tariffs this week, probably including levies on semiconductors, as he moves forward with a trade investigation related to national security. The move would raise the cost of importing chips, which are a vital component in electronics, cars, toys and other goods. The United States is heavily dependent on semiconductors from Taiwan and elsewhere …

On Thursday morning, Tim Cook, Apple’s chief executive, woke up to the worst day for his company’s stock in five years. Apple shares fell more than 9 percent in response to President Trump’s plan to put steep tariffs on products made abroad. The declines at the world’s most valuable company led a sharp sell-off in tech stocks as the Nasdaq …

Approximately $1.7 trillion vanished from the US’ S&P 500 Index when trading began on Thursday, as concerns grew that President Donald Trump’s extensive tariffs could trigger an economic recession.Companies with overseas manufacturing dependencies suffered the most significant losses. Apple Inc., which produces most of its US-marketed devices in China, declined 8 per cent after opening. Lululemon Athletica Inc. and Nike …