If the iPhone 8 is delayed, blame production issues with the fingerprint reader, said one Wall Street firm. In a note to investors on Wednesday, Cowen and Company said fingerprint reader production issues are to blame for the iPhone 8’s delay. Cowen is the latest to suggest Apple’s most premium iPhone, which Apple may announce in addition to an iPhone 7s and iPhone 7s Plus in September, will be delayed. “Fingerprint yield issues remain unresolved (integrating the fingerprint under glass creates

An influential group of Republican and Democratic U.S. senators will file sweeping legislation on Wednesday to address the crisis in Venezuela, including sanctioning individuals responsible forundermining democracy or involved in corruption, Senate aides said. It also calls on President Donald Trump to take all necessary steps to prevent Rosneft, Russia’s state oil company, from gaining control of any U.S. energy infrastructure. Rosneft has been gaining ground in Venezuela as the country scrambl

Asia will be a key area for its expansion, he told CNBC on the sidelines of the InnovFest Unbound 2017 conference. “You can do everything on your mobile phone. “When I think about our expansion, Asia is a key piece of that…Bring us ideas. We are happy to look at ways to help small businesses grow their footprint online, help to manage their business as they grow. We’ll look at any company that’s got an interesting business that’s having traction in this segment,” he said.

Share buybacks have been popular with tech companies in recent years, offering short quick-fire boosts to share price. One example is Microsoft who announced in September last year that it was authorizing up to $40 billion in buybacks. Stephen Isaacs argued that there is increased cynicism in the market about tech companies buying shares at elevated levels. In a follow-up telephone call, Isaacs elaborated on why Cook should wait until Trump’s tax reform is in place and bringing cash to the U.S.

Apple’s next big battle will be ‘fight for the body’: Pro 1 Hour Ago | 01:46After pent-up demand for the next iPhone eases, the next big for Apple could be augmented reality, closely followed analyst Steven Milunovich said Wednesday. “But perhaps the next big thing is augmented reality, which is initially going to be in the phone and eventually could be separate devices like glasses. Cook has talked about several new technologies since becoming CEO, including driverless cars, artificial intellig

U.K. lender Barclays has opened a new innovation center in Shoreditch, London, for its in-house banking and technology teams, as well as more than 40 co-located financial technology ( fintech ) start-ups. The announcement on Tuesday claimed the new Rise facility in east London is the biggest fintech co-working space in Europe. On a monthly basis it will host more than 200 hours of workshops, “hackathons”, networking and learning events. The regular events are designed to help the 40 fintech star

Speaking at the 2017 SWIFT Business Forum in London last week, Shah warned that it was “not enough” for every bank to have its own defenses anymore. “You also need to protect the infrastructure”, he said on 25 April at the event in East London. SWIFT unveiled a new payment controls service in London that is designed to bolster its customers’ fraud and cyber-crime controls. “It is aimed at smaller banks initially and intended to help them detect unusual customer flows and suspect activity before

The world’s second-largest economy is tightening its grip on online media, with new government regulations that aim to curb information published and distributed on the internet. The rules, issued by the Cyberspace Administration of China (CAC), become effective June 1 and apply to websites, blogs, livestreaming video, mobile messaging and social platforms. All services must have a Chinese citizen as the top editor, and all editorial staff must be officially credentialed and approved by regulato

ITV, Britain’s biggest free-to-air commercial broadcaster, said its Chief Executive Adam Crozier was stepping down after seven years in the role. The company said Finance Director Ian Griffiths would lead the executive team until it appoints a successor, helped by chairman Peter Bazalgette, who will become executive chairman during that time. Crozier, who has grown ITV’s production operations to reduce its reliance on advertising during his time in charge, will leave on June 30, the broadcaster

Companies, rather than entrepreneurs, are behind demand for flexible working spaces in Southeast Asia 9 Hours Ago | 01:44Flyspaces, a start-up based in Manila, is aiming to become Southeast Asia’s Airbnb of office space, offering flexible rentals, the CEO and founder told CNBC’s “Street Signs” on Wednesday. “Flyspaces is an aggregator of existing co-working spaces, serviced offices, boutique hotels, landlords that have extra office space,” he said on the sidelines of the Innovfest Unbound confer

The euro has been a deadweight for prices, a deadweight for jobs, a deadweight for the competitiveness of our businesses and it would be much simpler to kick-start the economy without this common currency,” Le Pen said. Le Pen said she wanted to replace the EU single currency with another, looser type of cooperation in the form of the ECU basket of currencies that preceded the euro. Last week Le Pen said abandoning the single currency was not her top economic priority and the measure has not fea

“AI.SG will do three key things,” Yaacob said in a speech at the Innovfest Unbound conference in Singapore. “First, address major challenges that affect both society and industry, second invest in deep capabilities to catch the next wave of scientific innovation, and finally, grow A.I. The minister added that the three focus areas of application for AI.SG were finance, city management solutions and healthcare. The NRF will invest up to 150 million Singapore dollars ($107.64 million) over five ye

Opposition was further inflamed after President Donald Trump said he would make South Korea pay $1 billion for THAAD. Seongju residents say comments by Trump show the United States may be preparing for a pre-emptive strike against North Korea. Several people were hurt in another clash on Sunday as police tried to remove protesters blocking two U.S. military oil trucks from entering the THAAD site. South Korea’s largest trade partner, China has taken several recent actions such as limiting tour g

“President Trump has taken a typically unconventional and fresh approach to this problem,” McMaster said in a rare public speech. The White House has been vague about what Trump hopes to accomplish with Abbas. Nabil Abu Rdainah, a spokesman for Abbas, said the Palestinian leadership “is committed to a political track that leads to a real peace.” Trump’s pro-Israel rhetoric during the 2016 election campaign raised concern among Palestinians about whether their leaders will get a fair hearing. Tru

The central bank is widely anticipated to hold interest rates at 1 percent when it releases its policy decision at 2 p.m. EDT (1800 GMT) Wednesday. However, Fed chair Janet Yellen’s comments could point to an “opportunistic approach” to tightening, according to Joe Prendergast, who said he expects further interest rate hikes than the two largely priced in by markets. “The big focus from a financial market point of view will be on the statement that the Fed makes and particularly how they view th

The energy sector has the highest valuation in the S&P 500, even though it’s the market’s worst performer this year. Buying energy stocks is difficult at this juncture given how much the price of oil has vacillated this year, Sanchez said. One popular exchange-traded fund that tracks energy stocks, the XLE, has fallen this year along with the sector. “Geopolitical tension tends to buoy the price of oil; in fact, it will cause oil price spikes. That’s certainly nothing that anybody’s hoping for,”

After missing the McDonald’s rally this year Goldman Sachs is changing its mind, saying the company’s sales will continue to improve in the coming years due to its new technology initiatives. McDonald’s shares hit an all-time high last week and are up 16 percent this year through Tuesday versus the S&P 500’s 7 percent return. The analyst raised her McDonald’s price target to $153 from $126, representing 8 percent upside from Tuesday’s close. In addition, the analyst noted how McDonald’s sales nu

Sales were up on a quarter-on-quarter basis in the fiscal first quarter of 2016 and 2017. But from the March quarter of 2016, Apple has experienced five quarters of year-on-year declines in China revenues. Last year, Oppo saw 122.2 percent year-on-year growth of smartphones in China, with its market share more than doubling to 16.8 percent, IDC data shows. Huawei has been making a push in the high-end phone space to challenge Apple and is the number two player in China with a 16.4 percent market

The prices for coveted Kentucky Derby tickets are going up again this year, but there are many options to get into Saturday’s run for the roses. Clubhouse seats give ticket holders access to less-crowded betting windows, restrooms with shorter lines and often a better view of the track. You can get access to the clubhouse level with no seat called a “walk around pass” for about $830 on Ticketmaster. Clubhouse box seats are topping out at about $3,200 on various ticket sites. The early bird does

Estee Lauder — The cosmetics company earned an adjusted 91 cents per share for its latest quarter, 18 cents a share above estimates. Yum Brands — Yum reported quarterly profit of 65 cents per share, five cents a share above estimates. Mondelez International — Mondelez beat estimates by three cents a share, with adjusted quarterly profit of 53 cents per share. The weight loss company’s revenue beat estimates and it raised its full-year forecast as subscribership roles increased. The cybersecurity