Apple said Monday its Vision Pro device will be available in the US from Feb. 2, months after it was launched to capture an augmented-reality (AR) headset market dominated by Facebook-parent Meta Platforms.Vision Pro is Apple’s most expensive bet since the launch of the iPhone more than a decade ago. The AR headset starts at $3,499 and costs more than thrice as much as the priciest headset in Meta’s line of mixed and virtual reality devices.Apple’s Vision Pro can be pre-ordered starting Jan. 19 at 8 a.m. ES ...

Boeing shares fell more than 6% in morning trading on Monday and were set to erase nearly $13 billion in market value following the temporary grounding of some of its best-selling 737 MAX jets by the US aviation regulator.A piece of fuselage tore off an Alaska Airlines 737 MAX 9 jet on Friday following takeoff from Portland, Ore., forcing pilots to turn back. The Federal Aviation Administration subsequently ordered the temporary grounding of 171 narrowbody MAX 9 jets.Alaska Air’s shares were down 4.5%, whi ...

Apple shares are off to their worst-ever start to begin a year as investors fret over a series of issues plaguing the tech giant – including signs of weak iPhone demand and mounting federal antitrust scrutiny.The Cupertino, Calif.-based company’s valuation plummeted by $177 billion in market value through last Friday since the start of 2024, Bloomberg reported. The stock fell more than 6% during the shortened opening week — leading to the largest decline in a company’s market cap on record over the same pe ...

Apple was slapped with its second major stock downgrade of the week on Thursday as fears mount on Wall Street about lukewarm demand for its flagship iPhone.Piper Sandler & Co. lowered its ratings for Apple’s stock to “neutral” from “overweight” on Thursday. The firm’s analysts, who had been bullish on Apple since March 2020, pointed to fears about a weakening economic environment in China, Bloomberg reported.“We are concerned about handset inventories,” analyst Harsh Kumar wrote in the note to clients. “Gr ...

Eli Lilly on Thursday launched a website to enable people to directly order from the drugmaker including its weight-loss medicine Zepbound as well as connect people with obesity and other conditions with telehealth companies.The service, called LillyDirect, comes on the back of extraordinary demand seen over the last year for powerful weight-loss drugs such as Novo Nordisk’s Wegovy.The obesity drug market, forecast to grow to about $100 billion by the end of the decade, has also attracted interest from wei ...

Meta boss Mark Zuckerberg pocketed nearly half a billion dollars after selling his company’s shares nearly every day during the last two months of 2023 — a move that coincided with a massive rebound in the Facebook and Instagram parent’s stock price.The Facebook founder sold a total of nearly 1.28 million shares to secure a $428 million windfall amid Meta’s 194% spike last year, according to regulatory filings this week. It was the first time that Zuckerberg sold stock since November 2021, according to Blo ...

Verizon Wireless agreed to dish out $100 million to settle a class-action lawsuit that alleged the company unfairly charged an administrative fee — and customers are eligible to receive as much as $100 each.The settlement covers all current and former account holders with wireless or data services that were charged Verizon’s administrative fee between Jan. 1, 2016, and Nov. 8, 2023, according to Barron’s.Verizon will send a notice via mail or email to those eligible, who must file their claim by April 15.U ...

Ford announced that it’s adjusting the price of some of its F-150 Lightning models, boosting some as much as $10,000 while slashing others up to $7,000.The starting price of the Detroit automaker’s electric pickup will now range from $54,995 for an entry-level Pro model to $92,995 for a Platinum Black trim, according to CNBC.The 2023 models previously went for between $49,995 and $97,995.Despite the $10,000 bump on the F-150 Lightning Pro model, it still rings in below Tesla’s rival electric pickup, the 20 ...

Lululemon’s billionaire founder Chip Wilson slammed the yoga wear chain’s “whole diversity and inclusion thing” as well as its use of “unhealthy” and “sickly” people in ads, some of which feature now feature models that he considers “not inspirational.”Wilson, who held the CEO title until 2007 and stepped down as chairman of the board in 2013 after he sparked outrage by saying that “some women’s bodies just don’t actually work” for the company’s yoga pants, told Forbes this week that Lululemon has “become ...

General Motors retained its crown as the top-selling automaker in the US in 2023, edging past rival Toyota Motor, as easing supply snags and sustained demand drive the industry to its best year since the pandemic.The Detroit automaker shrugged off a hit from a costly auto strike to report 2023 US new vehicle sales of 2,594,698 units, up 14.1% from last year, while Toyota’s annual sales rose 6.6% to 2,248,477 vehicles.Automakers are expected to have sold a total of 15,499,224 vehicles in the US in 2023, the ...