Apple

Apple, Facebook and other tech giants face critical week


Four of the biggest U.S. technology companies face a critical test his week when they release their latest earnings, with investors watching closely for signs of weakness amid broader concerns about slowing U.S. and global economic growth.


The tech giant shocked Wall Street earlier this month when CEO Tim Cook warned of weaker sales of iPhones, iPads and Macs in China.


China is growing at its slowest pace since 1990 , taking a particular toll on tech and industrial companies that sell goods in the world's second-largest economy.


Facebook reportedly gave tech giants access to user dataFacebook is expected to post strong revenues, indicating that investors remain confident in the social media behemoth despite its being racked by data privacy scandals over the past year.


The company released a draft charter Monday ahead of its third quarter earnings, announcing an oversight board for content decisions as it continues to grapple with the fallout from the Cambridge Analytica scandal and other privacy concerns.


Analyst expectations are also rosier for Amazon after the online retailer posted record revenues for Black Friday, Cyber Monday and the holiday season.






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