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Are Apple's glory days behind it? That's probably a stretch. But Wall Street clearly is getting more worried about the company's reliance on the iPhone to generate sales and profit at a time when demand for the newer phones appears to be subpar.Shares of Apple (AAPL) fell 3% Wednesday and that was one of the big reasons why the Dow, which includes Apple, fell 300 points. Apple's stock briefly dipped into bear market territory, meaning it was down more than 20% from its all-time high.The reason for the Apple slide? Several companies that produce chips and other components used in iPhones have all issued gloomy forecasts recently, citing sluggish demand for higher-end smartphones.Although none of these companies, which include Qorvo (QRVO), Lumentum (LITE), Japan Display and IQE, have named Apple as the source of their woes, they are all Apple suppliers.But it may not be time to throw in the towel on Apple just yet, even though some analysts are cutting their price targets and earnings estimates due to concerns about soft sales for the newer iPhone XR, iPhone XS and iPhone XS Max.Apple's stock is still up more than 10% this year, making it one of the better performers in the Dow. The company is still worth nearly 0 billion. It remains the most valuable company in the world.Apple also continues to pay a solid dividend that yields 1.5% -- and the company is likely to keep raising its dividend thanks to its cash stockpile of 7.1 billion.What's more, Apple's earnings are expected to increase by more than 13% this fiscal year and keep growing at about a 12% clip annually, on average, for the next few years.So predictions of an Apple iPocalypse, if you will, may be premature. But it does seem like the company needs a new product to get consumers and investors excited again.Perhaps Apple needs to take a cue from the movie "This Is Spinal Tap" and release a new iPhone that goes to eleven. But would it be the iPhone 11 or iPhone XI? 1969
AMHERST, N.Y. — 8-year-old Caleb Kabala of Amherst said he has a passion for helping other people.“I just like helping other kids and it makes me feel good,” he said.And while Caleb is just a kid himself, he’s proving you are never too young to give back.“I just wanted to help children cause that’s what I usually do.”For the last two weeks, Caleb and his grandma have been selling framed pictures of Santa at pop-up events throughout Western New York. And the Santa seen in each picture frame is the colorful creation of Caleb himself.“The outpouring that he has gotten it's just been... it hasn't stopped," Caleb's grandma said. Money from every picture sold goes straight to charity.“This week we’re gonna donate to the little heroes," Caleb said. "And every other week we’re gonna pick a different charity to donate to.”Caleb plans on selling these picture frames year-round and with different themes. And his reasoning for it was simple.“So I can help out more and more kids,” he said.Right now, Caleb’s picture frames can be purchased on his website for . This story was first reported by Jeddy Johnson at WKBW in Buffalo, New York. 1150

Anchorage Mayor Ethan Berkowitz has admitted to having an inappropriate relationship with a female reporter, three days after she made online allegations against the married Berkowitz.In a statement, Berkowitz apologized to the people of Anchorage for a “major lapse” in judgment in having what he said was a consensual, inappropriate messaging relationship with TV anchorwoman Maria Athens. The acknowledgment comes at the end of three days that roiled Alaska’s largest city, a span that saw both his denial of accusations Athens made on Facebook and her arrest. It was not immediately clear what the messages involved and how long it lasted. Berkowitz declined an interview with The Associated Press. 710
An astrological mystery event that lit up the daytime sky Wednesday over parts of the upper and midwest and southern Canada may have been solved.Scientists say the fireball was likely a rock that had escaped an asteroid belt between Mars and Jupiter a million or more years ago. They think the chunk of rock has been swirling near earth for awhile.“It’s probably been crossing the Earth’s path countless times, until its time was up in 2020,” Robert Lunsford, fireball report coordinator for the American Meteor Society, told Syracuse.com. “The chance of a collision is infinitesimal, but if you do it several million times, it finally happens.”Apparently the time to finally happen was around noon on Wednesday, December 2. Thousands of people reported seeing a bright streak of light lasting a few seconds, and thousands more heard the deafening boom.Reports came in from several states, including Ohio, Michigan, New York, Pennsylvania,Virginia, as well as parts of Toronto, Ontario and southeast Canada, according to the American Meteor Society.It’s not unusual for meteors to enter Earth’s atmosphere or make it to the ground, however this one was rare because it happened in a very populated area.NASA’s analysis of the event shows the meteoroid entered Earth’s atmosphere over upper New York, roughly between Rochester and Syracuse traveling roughly 56,000 mph. Which is slow by meteor standards.It then broke into pieces roughly 22 miles in the air, which produced the bright flash of light and loud sonic boom.NASA estimates the meteor was roughly three feet across and weighed about 1,800 pounds when it entered the atmosphere.NASA reportedly has three meteor-tracking cameras in Ohio and western Pennsylvania that could have precisely tracked this event, but they were off at the time because of the time of day.“Meteor cameras don’t turn on until night because they’re too sensitive to the sun,” explained Bill Cooke, who tracks meteors for NASA. 1966
Aretha Franklin, whose gospel-rooted singing and bluesy yet expansive delivery earned her the title "the Queen of Soul," has died, a family statement said Thursday. She was 76.Franklin died at 9:50 a.m. at her home in Detroit, surrounded by family and friends, according to a statement on behalf of Franklin's family from her longtime publicist Gwendolyn Quinn.The "official cause of death was due to advanced pancreatic cancer of the neuroendocrine type, which was confirmed by Franklin's oncologist, Dr. Philip Phillips of Karmanos Cancer Institute in Detroit," the family statement said.PHOTOS: REMEMBERING ARETHA FRANKLINTributes and tears flooded in Thursday after news of her death broke."Aretha helped define the American experience," former President Barack Obama said in a statement. "In her voice, we could feel our history, all of it and in every shade -- our power and our pain, our darkness and our light, our quest for redemption and our hard-won respect. May the Queen of Soul rest in eternal peace."READ MORE CELEBRITY TRIBUTES HERELegendary soul singer and Franklin's friend of more than sixty years, Sam Moore, had words of sorrow and comfort to offer."I adored her and I know the feelings were mutual. While I'm heartbroken that she's gone I know she's in the Lord's arms and she's not in pain or suffering anymore from the damn cancer that took her away from us," he said in a statement. "I'm going to hope, pray and count on the fact that I will see her again sometime. Rest in the Lord's arms in love, Re."Franklin's fans paid tribute with flowers and a crown left on her Hollywood Walk of Fame star in Los Angeles.Her death comes three days after a source close to Franklin told CNN's Don Lemon that the singer was in hospice care."In one of the darkest moments of our lives, we are not able to find the appropriate words to express the pain in our heart. We have lost the matriarch and rock of our family. The love she had for her children, grandchildren, nieces, nephews, and cousins knew no bounds," Franklin's family said."We have been deeply touched by the incredible outpouring of love and support we have received from close friends, supporters and fans all around the world. Thank you for your compassion and prayers. We have felt your love for Aretha and it brings us comfort to know that her legacy will live on. As we grieve, we ask that you respect our privacy during this difficult time."Funeral arrangements will be announced in the coming days, the statement said.The singer had been reported to be in failing health for years and appeared frail in recent photos, but she kept her struggles private.In February 2017, Franklin announced she would stop touring, but she continued to book concerts. Earlier this year, she canceled a pair of performances, including at the New Orleans Jazz Fest, on doctor's orders, according to Rolling Stone.The singer's final public performance was last November, when she sang at an Elton John AIDS Foundation gala in New York. 3006
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