Apple acknowledges that it deliberately slows down some older iPhones as their batteries age. The company sayd its software "throttles" apps and processes, such as Snapchat filters, that require more computing power, in order to keep the phones from unexpectedly shutting down.
Another day., another health scare at Chipotle. The Los Angeles health department is investigating reports that customers got sick after eating at one of the chain's restaurants. Concerns sent Chipotle stock down more than 3 percent on Wednesday.
Some major corporations are already making good on President Trump's promise that corporate tax cuts will help middle-class Americans.
AT&T and Comcast say they will give employees a thousand dollar bonus following the passage of tax reform. Meanwhile, banking giants Wells Fargo and Fifth Third bank saying they'll raise the minimum wage they pay employees once the bill is signed into law.
The Biden administration announced the first of many coming federal investments in computer chip production, saying Monday that it would provide $35 million for BAE Systems to increase production at a New Hampshire factory making chips for military aircraft, including F-15 and F-35 jets.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
