move

Apple’s switch from Intel to its own chips is its smartest move in years: Tech

Wednesday, June 24, 2020

Get Yahoo Finance Tech, a weekly newsletter featuring our original content on the industry, sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe

Apple’s switch from Intel to its own chips is its smartest move in years: Apple (AAPL) is leaving Intel (INTC) in the dust. The iPhone maker announced plans to cut ties with the processor giant during its virtual Worldwide Developers Conference on Monday, saying that it will phase out the use of Intel’s chips in its Mac line of computers over the next two years. READ MORE

More from Apple WWDC

3 key themes from Apple’s big event

Apple debuts iOS 14, hitting iPhones later this year

Apple: Use our stuff over Google’s if you care about privacy

The Apple Watch is now easily the best smartwatch in the world

Google follows Apple with a privacy overhaul,

Read More

Apple’s switch from Intel to its own chips is its smartest move in years

Apple (AAPL) is leaving Intel (INTC) in the dust. The iPhone maker announced plans to cut ties with the processor giant during its virtual Worldwide Developers Conference on Monday, saying that it will phase out the use of Intel’s chips in its Mac line of computers over the next two years.

In place of Intel’s processors, Apple will begin using its own ARM-based silicon, just as it has in its iPhone and iPad lines for years. It’s one of the most significant moves Apple has made in some time and should incentivize iPhone owners to switch from their Windows PCs to Macs.

The merging of Mac and iPhone

Apple has long maintained that it wants to keep its Mac and iPhone lines separate, but with the ARM announcement, the company has signaled that it will soon begin blurring the lines between the two platforms.

“This was a seminal event as

Read More

Trump administration move could add ‘significant risks’ to retirement accounts

When it comes to a 401(k) account, most savers simply choose a target date fund and leave it that.

Now, thanks to a rule change from the Trump administration, those retirement vehicles could soon get a lot more complicated. It’s likely to lead to new risks (and perhaps new rewards) for savers.

Managers of 401(k) plans now have the ability invest in private equity. In other words, your 401(k) could soon take stakes in private companies.

The goal, according to Labor Secretary Eugene Scalia is to allow investors to “gain access to alternative investments” and “ensure that ordinary people investing for retirement have the opportunities they need for a secure retirement.” The Department of Labor laid things out in a letter that says putting 401(k) money into private-equity funds would not “violate the fiduciary’s duties” of certain retirement plan sponsors.

But some experts see a big downside.

Barbara Roper,

Read More

If Trump doesn’t move to console the nation, here’s what may happen to his precious stock market

Social unrest must not be ignored by investors given its various implications. And it shouldn’t be ignored by the avid golfer occupying the Oval Office, either.

“So does it [social unrest] justify a correction further what we’ve seen recently? Yeah, possibly this correction could go further,” said Matthew Gerken, a geopolitical strategist at independent research outfit BCA Research. Gerken said on Yahoo Finance’s The First Trade the odds are high we could see a 10% correction as the market bakes in the impact of social unrest on the already battered economy.

Countless experts think it would be wise for President Trump to dump his tough guy law and order mantra he has spewed consistently throughout this period of heightened social unrest and adopt a role often taken by presidents during trying times for the country — Healer in Chief. Not only would it be the right thing to do for

Read More

Big US airlines back move blocking Chinese flights to ‘ensure fairness’ in the skies

The U.S. government’s retaliatory measure denying Chinese passenger planes entry to the world’s largest economy was mostly supported by major air carriers on Wednesday, which applauded the move as a way to “ensure fairness” in the skies.

Acting on the Chinese government’s denial of requests by U.S. airline carriers to resume passenger flights to and from China, the U.S. Department of Transportation (DOT) issued an order suspending Chinese carrier passenger flights to and from the U.S., starting no later than June 16.

Back in March, China’s civil aviation authority (CAAC) imposed limits designed to prevent the spread of coronavirus on March 12, but denied U.S. carriers a fair and equal opportunity to compete. China maintains that its capacity limitations do not violate the agreement, according to the notice.

According to the notice, the department will allow Chinese passenger flights to continue if Beijing grants U.S. airlines their “bilateral rights to

Read More