Apple unveils four new iPhone 12 models with 5G: CNBC After Hours

CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC.com Apple reporter Kif Leswing breaks down the tech giant’s big iPhone 12 reveal, including the implications for the 5G network. Plus, CNBC.com’s Melissa Repko dives into Amazon’s Prime Day event this year, and explains how competitors like Target and Walmart are better positioned than ever to eat (some of) Amazon’s lunch.

Here’s everything Apple just announced at its iPhone 12 event

Apple just wrapped up its big iPhone 12 event, where it announced four new iPhone 12 models, all of which support new faster 5G networks.

It also announced a new smart home speaker, called the HomePod Mini, and some fun accessories for the new iPhones that use magnets to attach to them.

Big-box retailers like Walmart, Target try to beat Amazon on speed by focusing on curbside pickup

As big-box retailers throw their own

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Apple services outage impacted App Store, Apple Music, Apple TV+, Apple News, iCloud for three hours

Apple suffered a sweeping services outage on Tuesday night, with major platforms like the App Store, Apple Music, Apple Arcade, iCloud and others rendered inaccessible for several hours.

Trouble started at around 8 p.m. Eastern, according to Apple’s System Status webpage. As of this writing, some 25 services have been down for nearly two hours.

“Users are experiencing a problem with the App Store. We are investigating and will update the status as more information becomes available,” Apple said.

Currently, the App Store, Apple Arcade, Apple Books, Apple Business Manager, Apple Music, Apple School Manager, Apple TV+, Apple TV Channels, Apple Care in iOS, Find My, Game Center, iCloud Account and Sign-In, iCloud backup, iCloud Calendar, iCloud Contacts, iCloud Mail, iCloud.com, iTunes U, iWork for iCloud, the Mac App Store, News, Photos, Radio and Schoolwork are down. Apple resolved issues with Apple Card and Apple Cash, though the two

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Micron Technology Falls After Hours Despite Q4 Earnings Beat

Micron Technology (NASDAQ:MU) shares were taking a hit late Tuesday afternoon, following the company’s release of its fourth quarter of fiscal 2020 results after market hours.

For the quarter, the computer and mobile device memory maker actually posted encouraging fundamentals. Revenue for the period came in at $6.06 billion, a sturdy 24% higher than the same period in 2019. Non-GAAP (adjusted) net profit nearly doubled, to just under $1.23 billion ($1.08) from the year-ago result of $637 million.

Both results comfortably topped analyst estimates. Collectively, prognosticators tracking the stock were modeling $5.89 billion on the top line, and an adjusted per-share net profit of $0.98.

Two hands pulling out the guts of a USB stick.

Image source: Getty Images.

However, Micron’s guidance fell short of expectations. The company is estimating that for first quarter 2021, it will book revenue of $5.0 billion to $5.4 billion, and adjusted net earnings of $0.40 to $0.54 per share. While the former range encompasses

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Microsoft’s Office 365 Back From Outage Lasting Several Hours

(Bloomberg) — Microsoft Corp.‘s Office 365, Teams and some of its other online services experienced service interruptions lasting several hours before being resolved on Monday.

A company spokesman confirmed the outages, which also impacted Exchange Online and OneDrive. He didn’t have any information on the causes.

Problems with some of the services were reported earlier on Monday by Downdetector, which aggregates user reports of issues. That suggests the outages had lasted a number of hours before being taken up by Microsoft’s recovery team, though they have since been resolved, according to the company’s status updates.

Office 365 packages popular Microsoft software such as Word, PowerPoint and Excel into an online subscription. Teams is a chat and collaboration tool that integrates with Office 365, similar in function to Slack Technologies Inc.’s titular service. The disruption followed a similar incident last week when some users of Google’s G Suite cloud productivity tools

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U.S. Judge Halts Trump’s TikTok Ban, Hours Before It’s Set To Start : NPR

In this photo illustration a mobile phone screen displays TikTok logo in front of a keyboard.

Anadolu Agency/Anadolu Agency


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Anadolu Agency/Anadolu Agency

In this photo illustration a mobile phone screen displays TikTok logo in front of a keyboard.

Anadolu Agency/Anadolu Agency

A federal judge on Sunday temporarily blocked President Trump’s TikTok ban, granting a temporary reprieve to the wildly popular video-sharing app.

During a telephone court hearing on Sunday, lawyers for TikTok argued that Trump’s clampdown infringed on free speech and due process rights.

John Hall, an attorney for TikTok, argued that the app, with some 100 million American users, is a “modern day version of the town square” and shutting it down is akin to silencing speech.

Judge Carl Nichols of the U.S. District Court for the District of Columbia, responded by halting the ban, which was set to kick in at midnight Sunday.

The

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Stocks making the biggest moves after hours: Novavax, Costco & more

Here are the companies making headlines in extending trading.



a statue of a person riding a horse: A child wearing a face mask sits on the Charging Bull statue, also known as the Wall Street Bull, following the outbreak of the coronavirus disease (COVID-19) in New York, August 19, 2020.


© Provided by CNBC
A child wearing a face mask sits on the Charging Bull statue, also known as the Wall Street Bull, following the outbreak of the coronavirus disease (COVID-19) in New York, August 19, 2020.

Novavax — Shares of the biotech company rose more than 4% after Novavax announced that it had started a phase three trial in the United Kingdom for its coronavirus vaccine candidate. Novavax said the trial would involve up to 10,000 patients over the next four to six weeks.

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Costco — Shares of the retailer fell 2.6% after reporting its results for its fiscal fourth quarter. The company reported $53.38 billion of revenue, $1.3 billion above what analysts were expecting, according to Refinitv. Costco also beat earnings estimates, reporting adjusted earnings per share of $3.04 versus $2.84 expected. The company said it had

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Record-Breaking Whale Stays Underwater for Mind-Bending 3 Hours and 42 Minutes

A Cuvier’s beaked whale (not the same individual described in the new study).

A Cuvier’s beaked whale (not the same individual described in the new study).
Image: NOAA

Marine biologists are astonished after a Cuvier’s beaked whale held its breath for nearly four hours during a deep dive. The unexpected observation shows there’s much to learn about these medium-sized whales.

Scientists from Duke University and the Cascadia Research Collective recorded the unbelievable dive during field observations off the coast of Cape Hatteras, North Carolina, in 2017. In the first of two epic dives, the Cuvier beaked whale, wearing tag ZcTag066, stayed underwater for nearly three hours. A week later, the whale outdid itself, holding its breath for a bewildering three hours and 42 minutes.

“We didn’t believe it at first, because these are mammals after all, and any mammal spending that long underwater just seemed incredible,” Nicola Quick, the lead author of the new study and a biologist at Duke University, said

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