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Stocks fell sharply Monday, dragged down by reports that Apple's newest line of phones may not be selling as well as Apple or its investors had hoped.The Dow fell 450 points and the Nasdaq tumbled 2.8%.Apple's stock fell once more after the Wall Street Journal reported that Apple has cut orders for its iPhone XR, iPhone XS and iPhone XS Max.The new iPhones, which Apple unveiled in September, cost more than previous versions. The 9 iPhone XR is the least expensive new iPhone, but it costs more than last year's cheapest model, the iPhone 8.The iPhone XS Max can cost up to ,449. The higher prices -- without many more features -- could be driving customers to keep their current phones longer or buy last year's models.Apple declined to comment about the Journal story or broader concerns about iPhone demand.Shares of Apple fell 4% and have now plunged about 20% from the all-time high it hit a few months ago, when Apple (AAPL) was worth more than trillion.The stock ended a 5-day losing skid on Friday after an analyst at Morgan Stanley suggested that the supplier concerns are overdone.Apple, which is a member of the Dow, was hurting the blue chips too.Several makers of chips and other components used in iPhones have warned of soft sales and profit in recent weeks, citing sluggish demand for higher-end smartphones.To that end, shares of Apple suppliers, such as Qorvo (QRVO), Broadcom (AVGO), Cirrus Logic (CRUS) and even Apple's key Anrdoid phone rival Samsung were all lower Monday too. Samsung also makes chips for iPhones.Investors have other reasons to be concerned about the future of Apple -- as well as other big tech companies for that matter.Apple CEO Tim Cook said on the "Axios on HBO" show Sunday that he expects Washington to crack down on tech firms in the wake of high-profile privacy scandals, such as the Cambridge Analytica problems that have plagued Facebook (FB)."I am not a big fan of regulation," Cook said to Axios on HBO. "I'm a big believer in the free market. But we have to admit when the free market is not working. And it hasn't worked here. I think it's inevitable that there will be some level of regulation."HBO, like CNN, is part of WarnerMedia, which is owned by AT&T (T). 2244

The 2020 holiday shopping season will be different from all other years due to the coronavirus pandemic.Target on Thursday became the latest major retailer to outline how it will attempt to keep is employees safe during the busy holiday shopping season.For one, Target expects to match 2019 hiring levels despite a downtrodden economy. The company said that it will double its staff dedicated to contactless shopping options, like its “Drive Up” service.Target said that seasonal employees will be given free access to virtual doctor visits through the end of the year, backup daycare, mental health services, and PPE. Seasonal employees, in addition to current staff, will also be paid for up to 14 days if required to quarantine or have a confirmed coronavirus-related illness."The success of our business strategy rests on the strength of our team and their ability to adjust quickly to the needs of our guests and their changing shopping patterns," said Melissa Kremer, Target's Chief Human Resources Officer. "Throughout the year, the team has successfully balanced strong demand in our stores with surging digital volume. Knowing that the holiday season will be unlike any other, we're building in even more flexibility to make sure Target remains a safe and convenient place to work and shop, while investing in our team's industry-leading pay and benefits." 1373

Subpoenas have been served on the Trump Organization and a dozen linked entities in a lawsuit challenging President Donald Trump's ongoing business ties while in office.The office of District of Columbia Attorney General Karl Racine said Wednesday that it "can confirm that all of the Trump Organization entities have been served." Additionally, subpoenas are being served to the state of Maine, the attorney general's office said.The lawsuit by DC and Maryland claims Trump is in violation of the Constitution's ban on emoluments, or payments, from foreign or domestic government entities to the President because of his continued interest in the Trump International Hotel.DC and Maryland have said the Trump International Hotel's operations put other nearby hotels and entertainment properties at a competitive disadvantage, and that the Trump hotel got special tax concessions. The hotel won its lease on federally owned property before Trump's election.A federal judge set in motion the schedule for DC and Maryland attorneys general to begin collecting evidence in the case. The plaintiffs say they also plan to subpoena 18 entities that compete with the Trump Hotel.The Justice Department has signaled it may challenge the evidence-gathering process.The case is proceeding just as the Trump Organization prepares for a flurry of investigations from House Democrats once they take control of Congress in January.The Trump Organization has not responded to requests for comment on the case. 1532

Sudan, the world's last male northern white rhino, has died.For nearly a decade, Sudan lived in a 700-acre enclosure at the Ol Pejeta Conservancy, against the backdrop of the hulking Mount Kenya.Armed guards protected him 24 hours a day because he belonged to a subspecies on the verge of extinction from poachers. Rhinos are targeted by poachers fueled by the belief in Asia that the horns cure various ailments. 421

The Army Criminal Investigation Division (CID) has confirmed that a soldier who was wanted in connection with the disappearance with Pfc. Vanessa Guillen shot and killed himself during an interaction with police Wednesday morning.In their statement, CID also confirmed that a civilian suspect had been taken into custody by the Texas Rangers in connection with Guillen's disappearance. The civilian, an estranged wife of a former Fort Hood soldier, is currently being held in the Bell County jail.The Army did not identify either suspect in their statement.The announcement came as Guillen's family delivered a powerful press conference in Washington, calling on Congress to investigate her disappearance and sexual harassment in the military.During that press conference, the family said they believe that remains that were found in Texas on Tuesday were Guillen's.Family members also said her superior officers sexually harassed Guillen before her disappearance. They said that before her disappearance, Guillen told family members and other soldiers that she was being harassed by her superiors. However, she did not report the abuse to her superior officers because she feared retribution.Guillen's sister gave an impassioned speech in which she accused Army officials of "lying to her face" throughout the investigation into Guillen's disappearance.Rep. Tulsi Gabbard, D-Hawaii, appeared at the press conference along with the family and echoed calls for a Congressional investigation."We need to know why she did not get the help when she needed it," Gabbard said.Guillen, 20, was last seen around 11:30 am in the Regimental Engineer Squadron Headquarters' parking lot at Fort Hood on April 22.It wasn't until late June that the Army said it suspected foul play in connection with Guillen's death. CID now says it is investigating claims that Guillen was sexually harassed prior to her disappearance.According to a statement from the Army Criminal Investigation Division (CID), partial human remains were found during a search of an area of interest close to the Leon River in Bell County on Tuesday. CID has not yet confirmed the identity of the remains. 2169