Apple CEO Tim Cook said Tuesday that the company is investing in U.S. manufacturing and hopes to continue to do final assembly of the Mac Pro here.
Why it matters: It was reported that Apple was asking for a tariff exemption related to the Mac Pro, but that was apparently so it could bring partially assembled goods into the U.S. for final assembly without tariffs. President Trump had tweeted in response that Apple should do its manufacturing here and wouldn't get any tariff relief.
Apple reported earnings and revenue ahead of estimates Tuesday as weakness in the iPhone business was offset with growth in wearables.
Why it matters: Apple has been leaning on those newer businesses amid weakness in the smartphone business, but it's still critical for Apple to keep customers on its mobile platform in order to build its services market.
From Earth, you want to pick something up from the surface of the moon. Using a joystick, you control a grabber — but you keep missing. It's the delay: It takes light nearly three seconds to get to the Moon and back, and the control signal even longer.
The big picture: This is a fundamental, insurmountable hurdle to moving stuff around in space if you're not there. The farther you are from Earth, the longer the communications delay — nothing, after all, moves faster than light.
Approximately 100 million Capital One customers in the U.S. and Canada are caught up in a data hack that the bank claims happened in March. If you think you're among them, here are a few steps you can take.
Where to start: The bank says it will notify all affected customers, including 140,000 whose social security numbers were compromised, and offer identify protection services and credit monitoring. Both are worth taking advantage of.
Ford is acquiring another transit technology firm, Journey Holding, and expanding its efforts to reach beyond automobile manufacturing to help cities plan more seamless, efficient transportation networks.
Why it matters: Under CEO James Hackett, the 116-year-old carmaker is trying to reinvent itself as a mobility services provider. By collaborating with cities, civic organizations and urban planners, Ford wants to position itself as the orchestrator of multi-modal transportation systems, from scooter rental to mass transit and even future robo-taxis.
The oil-and-gas industry could realize $50 billion in cost-savings from wider deployment of drones over the next 5 years, a new Barclays report finds.
Why it matters: It's the sector that could see the greatest cost reductions over that period, as a "convergence" of tech developments — 5G, remote computing and AI — enable wider drone use in many industries.
Both Google and Samsung shared details Monday about their next phones ahead of their official announcements, bringing the rest of the fall hardware lineup that will compete with the new iPhones into focus.
Our thought bubble: These companies have experienced enough leaks to know their smartphone secrets won't keep. Announcing key features builds excitement and lets the companies help influence the narrative.
Apple never gives much insight into what's coming next, but in issuing financial guidance for the coming quarter on Tuesday, the company will be providing at least some sense of its expectations regarding initial sales of the next iPhone.
Why it matters: The financial outlook will be for the July-to-September quarter, so its guidance will reflect only its initial expectations, given the devices usually don't go on sale until September. Also closely watched will be what Apple has to say about its business in China as well as trade tensions.
TikTok's explosive rise has given the world a new generation of influencers and memes that befuddle people over the age of 21. It has also handed Facebook a new tool in the social giant's effort to fend off wide-reaching antitrust action.
Why it matters: To neutralize concerns about their market power, Facebook and other tech giants have to successfully define the markets they compete in as broad and teeming with other players ready to challenge their dominance.
Uber is laying off 400 employees from its marketing team across 75 offices, the company told the New York Times. Before the cuts, it had about 1,200 marketing employees.
Jon McNeill is stepping down as chief operating officer of ride-hail company Lyft, less than 18 months after joining from Tesla, according to CNBC.
Why it matters: No one was expecting such a high-level departure so soon after Lyft's IPO, which explains why the stock is down more than 2% on the news
Rep. Seth Moulton (D-Mass.), a 2020 presidential candidate, plans to introduce a bill that would limit the types of data that smart device makers like Amazon and Google can collect. He and Dan dig in on today's Pro Rata Podcast:
When you think of impressive tech company campuses, Adobe's San Jose skyscrapers don't always come to mind. But they've come a long way since the drab gray office-laden areas that the company first set up in the 1990s.
The big picture: Thanks to ongoing renovations, most teams have done away with offices in favor of the Silicon Valley standard of open-plan cubicles combined with conference rooms and quiet spaces.
Charlie Ergen knows there are plenty of people who don't believe Dish has the skill or commitment to truly rival the national wireless carriers. But answering to critics is not where Dish's chairman is putting his energy.
"I don't personally believe we are going to change any skeptics' minds, and we are not going to try to. We're just going to do it. We'll go out and build a 5G city, and then people can see it and see why that is different and better."
— Ergen told me in an interview on Friday
What's happening: As first reported by Axios, Ergen's plan for Dish is to transform the Boost prepaid brand it's getting from Sprint into a full-service wireless effort and then go out and build a nationwide 5G network, one city at a time. Ideally, Ergen wants the first city with Dish's 5G network running by the end of 2020.
YouTube, the Google-owned video platform that gave rise to dozens of famous video stars, is now facing pushback from the very community that it has worked to build over the past decade.
Why it matters: YouTube's creator backlash is occurring as other user-generated video platforms begin to emerge as creators' favorites — most notably, Chinese-owned karaoke-style video app TikTok.
Last year for the first time ever, the U.S. share of global artificial intelligence startup funding deals fell to less than half the world's total.
By the numbers: The U.S. was home to nearly 75% of all deals in 2013, data shows, but is fast losing share in the startup market — a key driver of innovation.
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