Apple’s new $249 AirPods Pro appear to be a hit for the holiday season. Shoppers who want AirPods Pro in time for the holidays can still find them in stock at other retailers, however. Best Buy, for example, says that new orders of the AirPods Pro will arrive by Dec. 3. According to Nikkei, Apple asked Luxshare-ICT, which builds the AirPods Pro, to double production to 2 million units per month. Those are still in stock at Apple Store locations, however, and Apple’s website says they will arrive

There may be another twist in the tale of two retail stocks on the horizon, according to options traders. Home Depot and Lowe’s have experienced opposite fates recently. The companies – which share ties to both the retail and homebuilder industries – reported earnings within a day of each other last week, and while Home Depot faltered, Lowe’s surged higher. That means these buyers are betting that Home Depot will close the week at least 1% higher than where it closed Tuesday. This relatively inc

Uber co-founder Travis Kalanick continues to dump shares in his old company. Since Friday, the former CEO of the ride-hailing giant has sold more than $250 million in stock, according to a financial filing submitted to the SEC. The latest sale leaves Kalanick with more than 36 million shares in Uber, a substantial stake in the company. Co-founder Garrett Camp sold about $20 million in shares this month, according to SEC filings, but still holds more than $2 billion in the company. The company’s

The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter. The Commerce Department says the July-September growth rate in the gross domestic product, the economy’s total output of goods and services slightly exceeded its initial estimate of a 1.9% rate. The economy had begun the year with a sizzling 3.1% GDP rate. Many economists have estimated that GDP growth is weakeni

The stock market has been hitting record high levels day after day, but that doesn’t mean corporate CEOs are bullish about next year, according to J.P. Morgan Chase regional investment banking head John Richert. Instead, CEOs are worried about delivering earnings growth amid increasingly uncertain times, thanks to slowing growth around the world, the U.S.-China trade dispute and upcoming U.S. presidential election. As a result, most of the CEOs Richert speaks with are reining in capital spending

Pending home sales, which measure signed contracts, fell 1.7% in October month-to-month, according to the National Association of Realtors. Sales were 4.4% higher annually, likely because mortgage rates are much lower this fall. Lower rates overall this year have juiced demand significantly, causing for-sale inventory to fall. In the Midwest sales fell 2.7% monthly but were 1.8% higher annually. In the West, pending home sales fell 3.4% for the month but were 7.5% higher than October 2018.

Shifts in recent polls have shaken the top of the 2020 Democratic primary field, though the top contenders to face President Donald Trump have not changed with a little more than two months until nominating contests start. South Bend, Indiana, Mayor Pete Buttigieg has climbed to leads in polling averages of the Iowa caucuses and New Hampshire primary, the first two nominating contests in February, according to RealClearPolitics. Through the ebbs and flows at the state level, Biden has kept his g

The 737 Max is Boeing’s best-selling plane and the manufacturer halted deliveries and slashed production of the planes after the worldwide grounding in March. Nearly 350 people were killed in two 737 Max crashes — one in Indonesia in October 2018 and another in Ethiopia in March — prompting several investigations, including a criminal probe. The FAA needs to sign off on the changes, review a test flight and evaluate human factors in the plane’s safety before the planes can fly commercially again

PC makers are pointing at Intel as they tell Wall Street to expect lower revenue. Last week, though, Intel told customers that it was running short on PC processors. “The reduction of the range is principally due to the Intel supply dynamic,” Tom Sweet, Dell’s finance chief, told analysts on a conference call. HP CEO Enrique Lores said Intel supply constraints would have an impact for at least two quarters. AMD could pick up more business from major PC makers in the coming quarters as Intel’s is

ETNews says Apple will launch a smaller 5.4-inch iPhone, another iPhone with a 6.1-inch screen and a new iPhone with the largest screen yet, at 6.7-inches. Apple’s 2019 iPhones include the iPhone 11 with a 6.1-inch screen, the iPhone 11 Pro with a 5.8-inch screen and the iPhone 11 Pro Max with a 6.5-inch screen. The report said Apple is planning to source the 5.4-inch and 6.7-inch screens from Samsung and that they’ll use the same OLED technology from the iPhone 11 Pro and iPhone 11 Pro Max. App

President Donald Trump knew about a bombshell whistleblower complaint that exposed his pressure campaign against Ukraine when he decided to release a withheld military aid package to Kyiv, The New York Times reported. The lawyers explained to Trump that they were trying to determine whether they were legally required to hand the complaint over to Congress, the Times reported Tuesday. Republicans have defended Trump throughout the impeachment proceedings in the House by noting that the aid was ev

If you’re lucky enough to be near one of two cities, you’ll have the chance to go to a Toys R Us store again. Tru Kids, the revitalized brand’s parent company, has since teamed up with Target to relaunch Toys R Us’ website. Barry said Toys R Us would take upward of 10,000 square feet per store in the future, as it scouts additional real estate. “We believe that Toys R Us was renowned, and customers really saw us as the experts in the space,” said Barry. Here’s a first look inside the new Toys R

Blockchain will facilitate $31 billion in “food fraud savings” by the year 2024, according to new data from Juniper Research. According to the research, which was released earlier this week, blockchain, along with “internet of things” trackers and sensors, would help to drive down costs for retailers. This would be achieved through the streamlining of supply chains, efficient food recall processes and “simpler regulatory compliance.” Today, many consumers are increasingly aware of where their fo

Prime Minister Boris Johnson and Leader of the Labour Party Jeremy Corbyn shake hands during the ITV Leaders Debate on November 19, 2019 in Salford, England. Opposition Labour leader Jeremy Corbyn on Wednesday produced what he said were documents showing that Prime Minister Boris Johnson has discussed offering the United States access to the British health service in trade talks. Johnson has denied ever raising the sale of Britain’s National Health Service in such talks. Corbyn, who has argued t

China’s annual Economic Work Conference is likely to convene within the next two weeks, meaning a trade deal with the U.S. is “imminent,” according to ICBC Standard Bank Chief China Economist Jinny Yan. The world’s two largest economies are working toward a “phase one” trade deal, with U.S. President Donald Trump saying Tuesday that negotiators were in the “final throes” of talks. The next tariff deadline falls on December 15, after which point additional U.S. levies on Chinese exports will go i

Foreigners wave Chinese flags during a flash mob event celebrating the 70th anniversary of the founding of the People’s Republic of China at Yiwu International Trade City on August 15, 2019 in Yiwu, Zhejiang Province of China. China has overtaken the U.S. to become the world’s largest diplomatic network, according to the latest annual report from a Sydney-based think tank. The Lowy Institute’s 2019 Global Diplomacy Index, published Wednesday, showed China had climbed to the top spot for the firs

Wall Street poised to open higher44 Mins AgoU.S. stock index futures were slightly higher Wednesday morning as investors closely monitor global trade developments. CNBC’s Frank Holland reports.

At least two employees were injured in a fire raging at TPC Group’s chemical plant in Port Neches, Texas, early on Wednesday morning following a massive explosion felt 30 miles (48 kms) away from the plant. There were several explosions at the plant, with fires now blazing. Firefighters were battling to contain the fires and the initial explosion was followed by secondary blasts, said five sources. The Port Neches plant can produce more than 900 million pounds (408,233 metric tons) of chemicals,

Two women walk to the transit center amid snow and wind at Denver International Airport on November 26, 2019 in Denver, Colorado. Western and northern Wisconsin could be buried beneath 8 to 12 inches (20 to 30.5 centimeters) of snow, with 12 to 15 inches (30.5 to 38 centimeters) of lake-effect snow near Lake Superior. The system eventually moved east, allowing the Denver airport to begin returning to normal. In Nebraska, several school districts canceled classes Wednesday, and the southwestern c