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How do you like them apples?Apple just became the first American public company to cross trillion in value.The iPhone maker achieved that big number on Thursday when the stock passed 7.04 a share. Apple is now up more than 20% this year.Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday.Even though some think Apple needs a new product to keep sales and profits booming, Apple has rallied past the trillion level thanks to solid sales of the iPhone 8 and X -- particularly in China and Japan -- and surging services revenue from the App Store.Related: Apple is showering its investors with cashApple is benefiting from investor euphoria surrounding the tech sector broadly as well -- and it could soon have company in the trillion dollar club.Amazon, Google owner Alphabet and Microsoft have all rallied to near record highs this year, too. Amazon is worth nearly 0 billion while Google and Microsoft are each now worth more than 0 billion.Apple is not the first publicly traded company in the world to surpass the trillion dollar mark though.Oil giant PetroChina briefly topped a trillion dollar valuation in 2007 when its stock began trading in Shanghai, but shares quickly plunged afterward. PetroChina, which is also listed on the New York Stock Exchange, is now worth about 5 billion.The-CNN-Wire 1375
IMPERIAL BEACH, Calif. (KGTV) — A South Bay restaurant that has weathered coronavirus restrictions to stay open so far, says it’s now dealing with customers walking out on their bills.Dawn Morgan, of IB Forum Sports Bar & Grill, said the restaurant recently started requiring customers dining in at their temporary patio to place a credit card on hold after a recent string of customers skipping out on their tab.An issue made all the more disheartening after what they’ve gone through to keep their doors open.RELATED: Little Italy parklet, piazza get restaurant capacity up to 85 percent“We had three occur last week. It has been a relatively small percentage based on the amount of customers we serve daily. But for us we're a small business, family-owned and have a strong issue with people stealing, in general,” Morgan wrote in an email.Morgan said IB Forum was forced to layoff a large portion of staff when the pandemic first hit in March, giving out all of their perishable items to staff with the intention of being closed. But then take-out was cleared as an option by county health officials, allowing them to keep some staff.But she added that even on a modified menu, some days felt like the last for the restaurant.“Our push to remain open during some of the toughest days was the handful of employees who continued to come to work and a group of regulars who would call in orders, pick up high dollar gift cards or leave extremely generous tips to help support us,” says Morgan. “We couldn’t have done it without these great people.”RELATED: COVID-19 restrictions crushing coin-operated game industryWhen restaurants were cleared for modified indoor dining in May, the restaurant scrambled to get staff back. Many former employees chose not to return for various reasons.“Some of which included the fear of contracting the virus, the additional 0 a week for unemployment, we couldn’t blame them for not wanting to return,” she said. “We were very lucky to find a new group of employees that have meshed very well with our pre-COVID-19 staff.”With the state again modifying orders to outdoor operations only in July, what appeared to be another blow for IB Forum ended up playing to one of its strengths.“We have been very fortunate we are capable of providing several different outdoor seating arrangements,” says Morgan. “Several years ago, we added an outdoor patio on the parking lot side of the building and had just completed a new front patio just prior to COVID-19.”RELATED: What happens next? San Diego County eligible to fall off of California watch listMorgan said the increase in “dine and dashing” is recent, but since early July they’ve lost 0 in sales from eight tables. Not only a loss in sales but a loss in tips to staff working to make ends meet during the pandemic.“We have worked hard to be in the position we are in, our employees work incredibly hard and it’s disappointing for them to have to call us and report a walkout. Not only are they losing a tip but they also feel responsible for someone else’s poor judgment,” Morgan said.She says the majority of customers haven’t minded the new policy and customers can still pay in cash at the end of their meal. Servers also have been given discretion for patio tables not located in the temporary parking lot seating.“Our biggest takeaways from this whole experience is to continue to be flexible and thankful to be open and thriving," she said. "Throughout all this madness we’ve had such a dedicated staff. It amazes us how well they’ve adapted to constantly changing schedules, changing health orders, wearing face masks, they have been very diligent in reminding customers to also wear their masks and the additional physical footsteps involved in providing outdoor dining in the parking lot." 3802
In a letter to four senators, Social Security Chief Actuary Stephen Goss estimated that if President Donald Trump eliminates payroll taxes, Social Security Trust Fund would be "permanently depleted" by 2023."If this hypothetical legislation were enacted, with no alternative source of revenue to replace the elimination of payroll taxes on earned income paid on January 1, 2021, and thereafter, we estimate that DI Trust Fund asset reserves would become permanently depleted in about the middle of the calendar year 2021, with no ability to pay DI benefits thereafter," Goss said in the letter. "We estimate that OASI (Old Age and Survivors Insurance) Trust Fund reserves would become permanently depleted by the middle of the calendar year 2023, with no ability to pay OASI benefits thereafter."The letter was addressed to Sens. Bernie Sanders (I-Vt.), Chris Van Hollen (D-Md.), Ron Wyden (D-Ore.), and Chuck Schumer (D-N.Y.).One of the executive actions Trump recently signed was temporarily deferring payroll taxes that are used to fund Social Security.On Saturday, President Trump said that he would make "permanent cuts to the payroll tax" if re-elected. 1167
Hours after telling TMZ he wanted to walk his daughter down the aisle, Thomas Markle said he will have heart surgery Wednesday morning and cannot attend Prince Harry and Meghan Markle's wedding, the US-based celebrity news site reported.According to TMZ, Thomas Markle said surgeons will clear blockage in his heart, repair damage and put in a stent.Earlier in the day, Markle told TMZ he wanted to walk his daughter down the aisle as she marries Prince Harry at Saturday's royal wedding."I hate the idea of missing one of the greatest moments in history and walking my daughter down the aisle," he said, according to the first TMZ report.Markle has been involved in controversy since it was revealed he allegedly staged a series of photos captured by an American paparazzo.According to the TMZ report, Markle thinks that staging the photos was "stupid" but not a serious transgression.The first report said Markle was in the hospital after reportedly being treated for a heart attack a week ago.CNN has reached out to Thomas Markle for comment over phone and over email but has yet to receive an answer. When asked about the TMZ report, Kensington Palace declined to comment.Meghan Markle's half-sister, Samantha Markle, recently said she was the "culprit" who urged their father to stage the photos in an ill-fated bid to improve his image. She said her father had "suffered at the hands of the media" and had decided "enough is enough."Thomas Markle is a former lighting director who worked on popular TV shows "Married with Children" and "General Hospital," according to the Internet Movie Database. He met Meghan's mother, Doria Ragland, at a Hollywood studio in the late '70s and the pair split when their daughter was still young.CNN also contacted General Hospital in Rosarito, Mexico, where Markle is thought to have stayed previously, but officials would not say whether he is there. 1907
In 2020, buying or selling a home has become quite tricky. Experts in the real estate industry are seeing a new trend: purchasing homes without ever stepping foot in them. "We've found ourselves in a really, really interesting situation right now with coronavirus. And also, dealing with a super low inventory across the country," said David Lewis, a realtor in the Atlanta area. Lewis says for those who are relocating, COVID-19 wariness may prevent potential buyers from seeing a property in person. Plus, traveling can be difficult right now."A lot of times, some of them we’re videoing the home for them and some of them are just looking at the pictures and submitting blind offers and just hoping, trusting us to give them a little bit of guidance and also making sure the inspections and things are in line to offer that level of protection," said Lewis.Experts say, when buying virtually, a good home inspection is a must. "It should catch most everything. Now remember, a home inspection is a visual inspection. We’re not allowed to take siding off a house, we see trim damage then that's what we see. We can’t take a look between that wall," said Donny Williams, the Director of Business Development and Marketing for All Atlanta AmeriSpec.Overall, he doesn't recommend buying a home without going inside it first, but he and many other inspectors at his company are seeing it more often now. "I was actually surprised the number of times it actually happened. The guys could remember seven to 15 times each. Times that by 18 guys and that's a lot," said Williams.Before the pandemic, Williams says he rarely would see people purchase homes sight unseen. But as long as contracting the coronavirus is a concern, home buying virtually could be here to stay. Just know that if you are thinking of buying a home this way, there are things a realtor won't be able to fully give their opinions on, such as the neighborhood."That's something that is always largely on the purchaser. There’s several laws and regulations around what a real estate professional can share and information they can give on a neighborhood. So, a lot of times that's always up to the consumer, anyways, right, to get a good feel for the neighborhood or understand the dynamics or school or surrounding area," said Lewis.Overall, make sure before you swipe right to buy a home, meet it first, if at all possible. Having a realtor and inspector you trust is key. Though, what they won't be able to help you with is if the house feels like your home. 2535