Shares of GE falling at the start of the trading day after the company said it would take a $6.2 billion charge in its finance arm.
Plus shares of BlackBerry rose after the Canadian tech giant unveiled its "Jarvis" software for connected cars. The cybersecurity system will prevent autos from being hacked.
And Google is planning to lay underwater cables in an effort to expand its cloud business to new regions. The stock was rising in early trade.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
