Since Steve and I can’t cover everything, at the end of each week day, we’ll offer this wrap-up of news items you should check out.
Kevin O’Leary, chairman of O’Shares ETFs and an investor on Shark Tank, told CNBC he dumped Apple stock within “seconds” of the tech giant’s announcement last week that it would stop revealing device unit sales. “Don’t ever tell me on a call, I don’t care who you are, what I should know and what I shouldn’t,” he said on “Fast Money Halftime Report.” “I’ll decide what’s relevant.”
Apple manufacturer, Foxconn Technology Group is considering bringing in personnel from China to help staff a large facility under construction in southern Wisconsin as it struggles to find engineers and other workers in one of the tightest labor markets in the U.S., according to The Wall Street Journal.
Speaking of Apple manufacturers, DigiTimes reports that Pegatron has already solved the issue of labor shortage at its plants in China and has made prompt shipments allowing its major brand client to start delivering its new smartphone models in late October — including the latest iPhones.
Chase Card Services has launched a new Apple Ultimate Rewards Store. The newest enhancement to Chase’s rewards platform gives Chase Sapphire, Freedom, and Ink cardmembers the ability to redeem points to cover all or a portion of Apple products purchased through Ultimate Rewards. As a special limited time offer, cardmembers can redeem one Ultimate Rewards point for one cent, meaning 100 points can be redeemed for one dollar on eligible Apple merchandise.
A U.S. federal judge has ruled that chip seller Qualcomm must license some of its technology to competitors such as Intel, according to Reuters.
