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Apple seen forecasting revenue drop for iPhone launch quarter

Bloomberg When Apple Inc launches a new iPhone, that usually means rising revenue. Chances are that won’t happen this year. Apple was expected to report fiscal third-quarter results on Tuesday, but all eyes will be on its forecast for the fiscal fourth quarter. That’s when the Cupertino, California-based technology giant is expected to release new versions of its flagship handset. ...

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Uber to layoff 400 employees, citing ‘mediocre results’

Bloomberg Uber Technologies Inc said it’s cutting a third of its marketing department globally, as the CEO seeks to address concerns that the business is slowing down. The ride-hailing company will dismiss about 400 employees. Dara Khosrowshahi, the CEO, told employees of the changes in an email. “Today, there’s a general sense that while we’ve grown fast, we’ve slowed down,” ...

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Majority of Trump’s trade war aid went to biggest farms: Study

Bloomberg More than half of the Trump administration’s trade war aid for farmers went to just a 1/10 of the recipients in the program, according to analysis of payments by an environmental organisation. Eighty-two farming operations received more than $500,000 in payments through April under the US Agriculture Department’s Market Facilitation Program, according to the Environmental Working Group, which analysed ...

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