Technology

Apple’s rare downgrade points to weakening demand for the iPhone 14

Once Wall Street’s darlingApple’s stock just took a big hit. Bank of America (BofA) cut the rating of the country’s most valuable company to “neutral” from “buy” yesterday (Sept. 29), shaving billions off its market cap. Apple’s stock is still outperforming. Apple’s stock is worth 20% less than it was at the end of 2021, …

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Microsoft Corp. stock falls Friday, underperforms market

Shares of Microsoft Corp. MSFT, -1.94% shed 1.94% to $232.90 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -1.51% falling 1.51% to 3,585.62 and Dow Jones Industrial Average DJIA, -1.71% falling 1.71% to 28,725.51. This was the stock’s second consecutive day of …

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Micron cuts capital spending to stem ‘unprecedented’ oversupply cycle

Micron Technology Inc. shares fell slightly in the extended session Thursday after the memory-chip maker said it was taking steps to emerge from an “unprecedented” current market downcycle by scaling back on plans to build out capacity. For the fiscal first quarter, Boise, Idaho-based Micron MU, +1.28% said it expects between an adjusted loss of …

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How the Next Generation of the Internet will Enhance Open Banking Solutions from Fintechs

Although many of us cast our mind to the vast social media applications of the metaverse, this new technological landscape extends far beyond the realm of socializing and entertainment and into more traditional sectors. The growth of virtual and augmented reality have enabled the buying and selling of goods in virtual environments, revolutionizing how consumers …

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Teenage Engineering’s Tiny Record Player Also Makes Custom Vinyl

If you aspoon fans of Teenage Engineering’s musical toys and instruments what the company’s next creation would pray, they probably assumed it would be a new one Pocket Operator, another speaker, or maybe an update to the OP-Z. In reality, it’s the company’s first device that wholeheartedly embraces analog audio: a portable record cutter. Analog …

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Amazon unveils bedside device that tracks sleeping patterns

NEW YORK (AP) — Soon enough, a bedside Amazon device might know whether you’re sleeping — or not. The e-commerce and tech giant said Wednesday it will start selling a device later this year that can track sleeping patterns without a wristband. The device, called Halo Rise, will use no-contact sensors and artificial intelligence to …

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IG identifies ‘concerns’ with Defense Department phone messaging apps in probe of missing January 6 texts

CNN — The Defense Department’s inspector general said in a letter to Congress this week that his office has identified “concerns” with the department’s use of phone messaging apps that were related to calls for an investigation into the department’s failure to preserve texts from January 6, 2021. Acting Inspector General Sean O’Donnell told Senate …

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Google Maps Will Now “Vibe Check” Your Destination For You

Google Maps hopes you’ll use it to get a vibe for where you’re going. Image: Google While Amazon managed its massive device showcase today, Google announced several new search features, including security updates. You can read about how Google will help you take sensitive information off its search engine here. But if you’re curious about …

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