Wal-Mart announced it would raise its starting wage to $11 an hour, thanks to the newly passed tax reform. And South Korean regulators say they may ban trading in Bitcoin, sending the price of cryptocurrencies plunging.
Plus the latest from CES, as Samsung teases its new Galaxy S9 phone, and China's Huawei comes under fire from U.S. regulators.
And ICE agents raiding 7-Eleven stores around the country to crack down on illegal immigrants. That as the deadline for Congress to pass legislation protecting "Dreamers" from deportation looms large.
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.
