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NEW YORK (AP) — Apple is the first U.S. company to boast a market value of trillion, just two years after it became the first to reach trillion. Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic. The company’s hugely loyal customer base trust its products so much that they continued to buy iPhones and other devices online while stuck at home. Apple recently reported blowout earnings for the April-June quarter.Apple has been at the vanguard of a group of Big Tech companies that are increasingly taking over people’s lives — and the stock market. Just five companies — Apple, Microsoft, Amazon, Facebook and Google’s parent company — account for nearly 23% of the S&P 500’s entire value. 853

NORTH READING, Mass. – An off-duty police officer in Massachusetts is being credited with saving three people from an early morning house fire on Tuesday.The North Reading Police Department says Sgt. Thomas Encarnacao had just finished his shift and was on his way home when he noticed flames emerging from inside the home.After alerting dispatch of the fire, Encarnacao entered the home to alert the residents. He was able to locate a man sleeping on a coach at the front of the house and helped him outside to safety, according to police.The man told Encarnacao and other officers who had arrived to help that there were two more residents in the home, a 13-year-old boy sleeping in a back bedroom and a man in the basement of the home.The man in the basement was able to get out on his own after officers alerted him, but police say first responders had to pull the boy out through a window of a smoke-filled room.All three residents were evaluated by EMS at the scene and didn’t go to the hospital. No firefighters were injured. One officer suffered a cut to his hand while attempting to breach a basement window.Firefighters were able to put the blaze out, but the house ended up sustaining smoke, fire and water damage. Police say the residents were displaced and are being assisted by family members.The origin and cause of the fire is under investigation.“The work of the three officers this morning was truly courageous, and I am incredibly proud of them,” said Police Chief Michael Murphy. “Sgt. Encarnacao took decisive and immediate action, which very likely saved the lives of the residents inside the house. Once he got the first resident out, all three officers went back into the house, without protective gear, to look for additional residents. Their actions to get all of the residents out safely was truly heroic.” 1841

NEW YORK – Director Joel Schumacher has died at the age of 80.Schumacher passed away in New York City after a year-long cancer battle, Variety and TMZ have confirmed through the filmmaker’s representation.The native of New York was perhaps best known for directing films in the 1980s and 90s, like “St. Elmo’s Fire,” “The Lost Boys,” “A Time to Kill” and multiple “Batman” films when Tim Burton left Warner Bros.Schumacher's films featuring the caped crusader were "Batman Forever" and "Batman & Robin." And although the movies received largely negative reviews at the time of their release, they've developed into cult classics for many. Schumacher also went on to direct the widely praised “The Phantom of the Opera” in 2004, which earned three Academy Award nominations, including best production design, best cinematography and best original song. 863

NEW YORK (AP) — Disney will sprinkle its pixie dust on the streaming arena Tuesday, as its Disney Plus service debuts with an arsenal of marquee franchises including Marvel and Star Wars, original series with a built-in fan base and a cheap price to boot.The -a-month commercial-free service is poised to set the standard for other services like WarnerMedia's HBO Max and NBCUniversal's Peacock to follow, as major media companies behind hit TV shows and movies seek to siphon the subscription revenue now going to Netflix and other streaming giants.Disney's properties speak to its strengths. Besides classic characters such as Snow White and Pinocchio, Disney has Pixar, Marvel, Star Wars and National Geographic — big names that most people would recognize. Disney Plus will also have all 30 past seasons of "The Simpsons." Original shows include "The Mandalorian," set in the Star Wars universe, and one on the Marvel character Loki.RELATED: Southern California theme parks bring holiday cheer to guestsMelissa Knerr, 26, a criminal defense attorney in Springfield, Missouri, already has Hulu, Netflix and Amazon Prime and wasn't sure she wanted to pay for another one. She said she was swayed by Disney Plus's price tag and its "sheer amount of content.""I really love both the Star Wars and Marvel franchises and I grew up watching classic Disney shows and movies so I do think there will be enough content for me," she said.Marlina Yates, who works in marketing in Kansas City, said she signed up because of her husband's enthusiasm about the Star Wars series "The Mandalorian" and her daughter's "love affair with princesses and everything Disney."Disney Plus's a month price is about half of the Netflix charges for its most popular plan, and there are discounts for paying for a full year up front. Disney is also offering a package bundling Disney Plus with two other services it owns, Hulu and ESPN Plus. That's cheaper than signing up for each one individually.RELATED: Spider-Man will stay in Marvel Cinematic Universe as Sony, Disney reach dealEverything won't be available to stream right away, though, as Disney needs to wait for existing deals with rival services to expire. Recent movies missing at launch include the animated Pixar movie "Coco" and the live-action "Beauty and the Beast." Others like "Maleficent: Mistress of Evil" haven't been released for streaming yet. Disney expects 620 movies and 10,000 TV episodes by 2024, up from 500 movies and 7,500 episodes on Tuesday.Disney has said that it is losing about 0 million in licensing revenue in the most recent fiscal year from terminating deals with Netflix and other services. But Disney is betting that what it makes through subscriptions will more than make up for that — at least eventually.Disney is boosting its subscription base initially with heavy promos, much as Apple TV Plus has done and HBO Max and Peacock plan to do. Members of Disney's free D23 fan club were eligible to buy three years of Disney Plus service up front for the price of two years. Customers of some Verizon wireless and home-internet plans can get a year free.The hope is that subscribers will stick around once they see what the service offers.Long-term success is by no means guaranteed. With a slew of services launching, subscription fees can add up quickly. Consumers might be reluctant to drop an existing service such as Netflix or Amazon Prime to pay for something untested.RELATED: Marvel-themed land to open in 2020 at Disney's California Adventure Park"I can't keep up with so many services. It gets expensive," said William Pearson, a Drexel University student who describes himself as a "massive" Marvel fan but already pays for Netflix, HBO and the DC Comics streaming service.But compared with other newcomers, experts believe Disney will have no problem gaining — and keeping — the 60 million to 90 million worldwide subscribers it is targeting for 2024. It took Netflix twice as long to get to 90 million."Disney Plus has a gigantic array of content and a library that's unmatched, so it feels like an easy addition for consumers to get a gigantic library at that low price," said Tim Hanlon, CEO of Vertere Group.Bernie McTernan, internet and media analyst at Rosenblatt Securities, said Apple's venture into streaming, Apple TV Plus, has to build brand recognition for its new shows, while viewers may have difficulties seeing what HBO Max offers beyond the standard HBO subscription.Disney said it was pleased with a recent test in the Netherlands, in which consumers got to try the service for free, without original content or full library of classics."The service connected with users across all four quadrants, male and female, adults and kids, driven by the breadth of our content and the affinity people have with it," Disney CEO Bob Iger told financial analysts Thursday.Connor Clifton, 29, from Houston, Texas, said he is looking forward to "The Mandalorian" Star Wars series as well as catching up on recent Pixar films."Paying for individual channels is frustrating," he said, "but I want to see the content so I'm willing to pay for it." 5157

xecutive director stepped down in November.The slow restoration of power has been cited by residents and some researchers as a factor in dozens of deaths occurring after the storm. The family of one man says he died from a pulmonary disease in January because they couldn't afford to power a breathing machine that helped keep him alive.Federal officials have said restoration efforts have been slowed by the island's remote location and the poor condition of its infrastructure and roads. FEMA Federal Coordinating Officer Michael Byrne said in June that the agency has improved its response efforts since Hurricane Maria and has more relief supplies, including generators, on hand this hurricane season.The-CNN-Wire 2047

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