Welcome to the inaugural Friday Wrap, our weekly survey of the economy, Wall Street, Silicon Valley, and the bureaucrats who pretend they can read the future by staring at spreadsheets.
With the 27th season’s third episode, “South Park” is once again wallowing in its obsession over President Donald Trump’s penis. The show also excoriated Trump’s immigration policies and ridiculed his crackdown on D.C. crime, roasted ChatGPT, and trolled the tech bros.
President Donald Trump announced a plan to impose a 100 percent tariff on all computer chips imported to the United States, with exemptions for companies that commit to building facilities on U.S. soil.
WASHINGTON–President Donald Trump and Apple CEO Tim Cook announced that the tech giant is investing $600 billion in America over the next four years, up $100 billion from Apple’s initial investment announcement.
Apple posted impressive third-quarter earnings on Thursday, with revenue growing 10 percent year-over-year, marking the company’s largest quarterly revenue growth since December 2021.
Tech giant Apple is backing President Donald Trump in a push for rare earth minerals, and is expected to announce a $500 million investment in the only rare earth mine currently operating in the United States.
Apple has appealed a €500 million ($580 million) fine imposed by the European Union, labeling the penalty as “unprecedented” and the required changes to its App Store as “unlawful.”
Privacy-focused software provider Proton has filed a lawsuit against Apple, alleging the iPhone maker engages in anticompetitive practices and charges excessive fees in its App Store.
Apple TV’s original series “Your Friends & Neighbors” mocked the Catholic faith in a recent episode that featured the show’s star, actor Jon Hamm, breaking into a church to have sex and use the Eucharist as a snack.
Apple shares are reeling from an eight-day selloff, the longest in over three years, as President Donald Trump’s iPhone tariff threat looms over the tech giant’s future profitability.
Apple CEO Tim Cook reportedly called Texas Gov. Greg Abbott (R) as part of the tech giant’s efforts to stop the governor from passing legislation in the state that would require app stores to verify the ages of its users.
President Donald Trump has threatened to impose a tariff of at least 25 percent on Apple iPhones not manufactured in the United States.
President Donald Trump has asked Apple CEO Tim Cook to increase domestic iPhone production, as the tech giant accelerates its manufacturing shift from China to India.
In a significant legal setback for Apple, a federal judge has blasted the tech giant and CEO Tim Cook for “willfully violating” her previously issued injunction in the long-running App Store antitrust case. Now, the judge has ordered Apple to stop collecting massive fees on payments made outside the App Store.
Apple, America’s largest company by market capitalization, is grappling with the intensifying trade war between the U.S. and China. Analysts believe the tech giant is left without clear short-term options to mitigate the impact of tariffs on Chinese imports.
Apple reportedly airshipped a staggering 600 tons of iPhones from its production facility in India to the United States to avoid Donald Trump’s reciprocal tariffs. The tech giant, at grave risk due to tariffs on China, has expedited the shipment of 1.5 million iPhones since March.
Apple is preparing its most significant health care push to date with a revamped app and AI doctor service.
Apple’s attempt to intervene in Google’s antitrust trial has been denied by the DC Circuit Court of Appeals, potentially jeopardizing the company’s $20 billion search placement deal with Google. The decision was driven in part by Apple dragging its feet in replying to the court, which the judge said “seems difficult to justify.”
Apple has filed an appeal with the UK’s Investigatory Powers Tribunal in an effort to overturn a secret government order requiring the tech giant to create a backdoor for spying on encrypted user data.
Apple shareholders have voted against a proposal that sought to end the company’s DEI initiatives, despite growing opposition from conservative activists and President Donald Trump. Many of Apple’s big tech peers including Mark Zuckerberg’s Meta and Google have taken steps to scale back their woke initiatives.
Apple has announced plans to invest $500 billion in the United States over the next four years and hire 20,000 new workers, as the company seeks relief from President Donald Trump’s tariffs on goods imported from China.
Apple is taking the unprecedented step of removing its highest level data security tool from customers in the UK after the government demanded backdoor access to user data worldwide. The demand was called an “unprecedented attack” on privacy by security experts.
Tech giant Apple is reportedly exploring the possibility of monetizing its Maps application through search advertising, a move that could significantly increase the company’s already booming services revenue.
Apple has agreed to pay up to $20 million to settle a class action lawsuit over defects in early Apple Watch models that caused displays to crack or detach from the casing. Here’s how to find out if you qualify to receive a payout.
Tim Sweeney, the CEO of Fortnite developer Epic Games and a frequent critic of Apple and Google, has accused the Silicon Valley Masters of the Universe of cozying up to President-elect Donald Trump in an attempt to influence the administration’s antitrust policies. Sweeney wrote, “After years of pretending to be Democrats, Big Tech leaders are now pretending to be Republicans, in hopes of currying favor with the new administration.”
Apple CEO Tim Cook has made a personal contribution of $1 million to President-elect Donald Trump’s inauguration fund. Cook, who Trump famously nicknamed “Tim Apple,” is the latest in a long line of tech lords bending the knee to Trump in hopes of currying favor with the new administration.
Apple has requested to participate in the next phase of the antitrust trial against Google, arguing that it cannot rely on the search giant to defend the revenue-sharing agreements that bring the iPhone maker up to $20 billion dollars annually via an exclusivity deal.
Apple CEO Tim Cook has joined the list of tech CEOs making the pilgrimage to Mar-a-Lago to pay their respects to President-elect Donald Trump.
A 27-year-old woman who was a victim of child sexual abuse is suing Apple for over $1.2 billion, claiming the company failed to implement its own system to detect and remove child pornography from its iCloud service.
Apple and Google risk a formal UK investigation over their dominance of web browsers on cell phones, according to a provisional decision targeting the tech giants’ stranglehold on mobile operating systems.
In the wake of Donald Trump’s victory in the 2024 U.S. presidential election, prominent tech industry leaders are coming forward with messages of congratulations and offers to work with the incoming administration.
As the 2024 presidential election approaches, major tech leaders are making efforts to connect with former President Donald Trump, including Google CEO Sundar Pichai, who Trump called a “great guy, very smart.”
Apple CEO Tim Cook met with China’s Minister of Industry and Information Technology Jin Zhuanglong in Beijing this to discuss the company’s presence in the country, data security, and cloud services. The executive dubbed “Tim Apple” by President Donald Trump said, “Apple will continue to grow its investments in China and help the high-quality development of the supply chain.”
Tech giant Apple has laid off employees from its digital services group, primarily affecting those working on the Apple Books app and Apple News.
In a rare display of unity, prominent tech CEOs and billionaires from across the political spectrum have spoken out following the assassination attempt on Donald Trump at his Saturday rally.
Apple is reportedly preparing to announce the integration of Google’s woke Gemini AI into iPhones at its annual September event, according to industry insider Mark Gurman of Bloomberg.
Apple’s upcoming operating system, iOS 18, has reignited the debate surrounding the tech giant’s practice of “Sherlocking” — integrating features similar to those offered by popular third-party apps into its own ecosystem, often at no additional cost, resulting in the apps they copycat losing their appeal.
Apple is offering a settlement of up to $349 to United States residents who experienced audio problems with their iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023.
The tech giant Apple has apologized for the recent iPad Pro commercial that featured the crushing and destruction of creative materials.
Apple’s new commercial for the iPad Pro tablet is getting a big thumbs-down from Hollywood creative types who were horrified by the spot’s depiction of a giant industrial press crushing analog cultural items, including books, musical instruments, a record player, and physical toys.
