Apple is planning to release a Mac computer with an Apple-designed processor in the first half of 2021, TF Securities analyst Ming-Chi Kuo said in a note on Monday. The first Mac with an ARM processor could enable Apple to more closely control the Mac release schedule and deliver improvements, such as improved battery life. Kuo believes that Apple’s processor will use a 5 nanometer or “5nm” process for the chips in many of its upcoming products. He said the 5G iPhone and new iPads planned for 20

Austria said on Monday it would stop suspected coronavirus cases from crossing its border, a day after it held up a train from Italy for four hours to wait for test results on two passengers. Austria has yet to have a confirmed case of coronavirus and is extremely wary because of Europe’s largest outbreak next door in northern Italy. More than half of freight crossing the Alps passes through Austria. On Sunday Austrian authorities stopped a Venice-to-Munich train carrying 300 passengers to wait

A woman wear a protective mask in Venice, Italy, on February 23, 2020 due to concerns over coronavirus infection. The carnival was suspended due to the coronavirus outbreak in northern Italy. Ferrari has suspended tours of its factory and shut down museums near its headquarters following the outbreak of coronavirus in Northern Italy. Ferrari said it hasn’t halted production, but it has closed both Ferrari museums in Maranello and in Modena as requested by local authorities. Ferrari produced over

Shares of Big Tech companies took a hit Monday after a surge in coronavirus cases renewed fears of a global economic slowdown. These five tech companies make up nearly one-fifth of the value of the S&P 500, which itself is down more than 3.6%. U.S. stocks on Monday plunged after South Korea raised its coronavirus alert to the “highest level.” The flu-like coronavirus, named COVID-19, has affected nearly 80,000 people globally, though most of those cases are found in China. Facebook, Amazon, Alph

As coronavirus fears hit financial markets, U.S. bond yields are tanking, pushing mortgage rates that loosely follow the 10-year Treasury yield toward an eight-year low. The average rate on the popular 30-year fixed mortgage hit 3.34% on Monday, according to Mortgage News Daily. That rate hit 3.34% for one day in the summer of 2016, before spiking much higher that fall. While rates generally follow the 10-year yield, there are certain market factors that keep rates above a certain level. “When r

WikiLeaks editor-in-chief Kristinn Hrafnsson, Julian Assange’s father, John Shipton, and fashion designer Vivienne Westwood march on February 22, 2020 against the U.K. government’s intention to extradite Julian Assange to the U.S.A U.K. court will on Monday begin to consider whether WikiLeaks founder Julian Assange should be extradited to the U.S. to face spying charges. In November, Swedish prosecutors dropped the nine-year investigation into a rape allegation made against Assange, eliminating

“Regular readers will know that our four projected COVID-19 scenarios were ‘bad, worse, ugly, and unthinkable’,” Rabobank analysts said in a note Monday. Stock markets around the world are selling off on Monday morning as spiking coronavirus cases in Italy, South Korea and the Middle East spark fears of further spread beyond China. A fourth person in Italy was confirmed dead from the coronavirus on Monday, with confirmed cases spiking by more than 130 since Friday. South Korea’s government raise

Warren Buffett: I’ve been a net buyer of stocks every year since I was 11Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday that he’s been a net-buyer of stocks every year since he was 11 years-old.

Markets set for sharply lower open as coronavirus cases surge outside of ChinaU.S. stock index futures were significantly lower Monday morning, as coronavirus fears escalate. CNBC’s Frank Holland reports.

New Delhi has inked more defense deals with Washington in recent years, even though, traditionally, India’s longstanding defense supplier had been Russia. His visit “signifies growing importance of India, number one, but also growing strength of the bilateral relationship,” Ram Madhav, national general secretary of the BJP, told CNBC’s Tanvir Gill on Saturday. U.S. President Donald Trump’s first state visit to India signifies the growing strength of the bilateral relationship between Washington

“It’s strong, but a little softer than it was six months ago, but that’s over a broad range,” Buffett told CNBC’s Becky Quick in a “Squawk Box” interview. And there again, that was affected by the tariffs, too, because people front-ended purchases, all kinds of things.” The “Oracle of Omaha” said that the Trump administration’s tit-for-tat trade war and, increasingly, the coronavirus threaten corporate America’s bottom line. During the interview, Buffett pointed to several macroeconomic headwind

Billionaire Warren Buffett told CNBC on Monday that investors should not reach for yield beyond their risk-tolerance, even with interest rates so low and stocks seemingly like the only place to get a return. “Reaching for yield is really stupid. But it is very human,” he said, delivering sobering advice to folks near or in retirement. Individual investors and institutional investors alike are chasing yield and that could have major “consequences over time” on financial markets, Buffett warned. P

The Vermont senator wants to put $1.5 trillion over a decade into guaranteed child care through age 3 followed by free pre-kindergarten education. Under the plan, the U.S. government would fund universal free child care. Sanders would pay for the child care and pre-K programs through his progressive “tax on extreme wealth” over $32 million. Former South Bend Mayor Pete Buttigieg has also called to invest $700 billion over a decade to make child care more affordable. Former New York Mayor Mike Bl

“Currently, this is the smallest group of winners since the 2007 market top.” —Bloom6:55 am: Coronavirus cases outside of China jump, spook marketsHeadlines over the weekend about a surge in coronavirus cases reported outside of China dented market sentiment to start off the week. Iran has also confirmed more than 40 cases and eight deaths stemming from the coronavirus. —Imbert6:40 am: Risk-off mentality to marketsStocks not directly tied to the coronavirus fears are also very weak in premarket

Dow to sink 700 points at Monday openTrader Michael Urkonis works on the floor of the New York Stock Exchange, January 28, 2020. Outbreak concerns were already intensifying last week, sending the Dow down 227 points or 0.8% on Friday, breaking a two-week winning streak. Buffett sees stock plunge as a buying opportunityWarren Buffett Gerard Miller | CNBCBillionaire investor Warren Buffett, who joins CNBC’s “Squawk Box” for three hours ending at 9 a.m. ET, said Monday that he views the stock marke

The global stock market sell-off on the widening outbreak of coronavirus beyond China indicates further negative effects on U.S. multinational companies’ earnings, CNBC’s Jim Cramer said Monday. With U.S. stock futures pointing to a more than 800-point decline at Monday’s open for the Dow Jones Industrial Average, Cramer tweeted just before 5 a.m. Cramer, host of CNBC’s “Mad Money,” said the global nature of the outbreak makes it tougher to address. “At what point do we say that many, many compa

Warren Buffett joins CNBC’s Becky Quick with an exclusive three-hour interview on Squawk Box Monday morning. Berkshire Hathaway’s annual meeting is May 2, which Buffett said the coronavirus could “very well” impact. 6:25 am: ‘Very significant percentage of business’ impacted by coronavirusAs the ongoing coronavirus outbreak hits stocks, Buffett said “a very significant percentage of our businesses one way are affected.” 6:11 am: Don’t buy or sell ‘based on today’s headlines’As volatility in the

A gunman opened fire at a flea market in Houston on Sunday, wounding seven people in an area known for its Hispanic community, with a suspect being taken into custody at the scene. “No one is critically wounded,” Harris County Sheriff Ed Gonzalez said, adding that the victims were being taken to hospitals and that some injuries may have been a result of a bullet ricochet. The shooting occurred as the Sunday market was taking place in the busy area. A lot people including children were inside the

U.S. government debt prices surged on Monday morning as investors run for cover amid fears that the coronavirus is spreading globally. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was sharply lower at 1.3839%, while the yield on the 30-year Treasury bond plummeted to a new all time low of 1.8321%. Treasury yields fell on Friday, with the 30-year bond hitting an all-time low, as a combination of coronavirus fears and weak U.S. business activity data drove

Italy’s biggest bank UniCredit said on Monday Chief Executive Jean Pierre Mustier had confirmed he would remain in his role, following media reports that he was being considered for the top job at rival HBSC. UniCredit has recently launched a new plan through 2023 and its “whole management team, including Jean Pierre Mustier, is fully focused on its successful execution”, the bank said in a statement.