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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

An 11-year-old boy who asked the White House if he could mow the property's lawn was granted his wish Friday.PHOTOS: 11-year-old cuts White House grass after writing to President TrumpFrank Giaccio told CNN's "New Day" he even waived his usual fee for President Donald Trump -- even though anchor Alisyn Camerota noted that the billionaire chief executive could probably afford the fee."I always wanted to do something big and so I was like, 'Why don't we just start here?' This seems like the perfect example," Frank, of Falls Church, Virginia, told Camerota.In August, Frank wrote a letter to the President asking if he could be allowed to put his landscaping skills to good use for the White House. In his letter -- read aloud at a briefing by press secretary Sarah Sanders -- he even offered to bring extra fuel and charged batteries."I would like to show the nation what young people like me are ready for," Frank wrote at the time.Asked on Friday why he waived his fee, Frank replied, "My dad said, 'Just do it for free,' and I was like, 'Fine,' and that's where it's gonna go."Beyond that, he wasn't able to tell Camerota what type of mowing implements the White House staff would supply him with.But Sanders offered Twitter audience a look at the mower Frank was using, adding that he was "doing a great job."The President later joined Frank as he trimmed the Rose Garden's grass.Trump even congratulated Frank on a job well done by giving him a high five, CBS's Mark Knoller tweeted.After his morning of hard work, Frank joined Sanders in the press briefing room, taking care to thank his father, Sanders, Trump "and a couple other people" from the podium.When reporters asked Frank if he'd mow their lawns, Sanders cut in."Make sure these guys pay you top dollar. Tell them if you're part of the press, you have a special deal that's double the normal rate," she joked. "I think that's pretty fair."Trump tweeted a video in the afternoon that recapped Frank's day, which included his appearance in the briefing room, meeting the President and Vice President Mike Pence and visiting the Oval Office.The-CNN-Wire 2131

Anthem’s team has been working closely with Aurora to resolve this case for Mr. Magnuson. Aurora will resubmit the claim without the SPECT scan and Anthem will cover the non-SPECT services per the terms of Mr. Magnuson’s health plan. Aurora has agreed to write off the charge for the SPECT scan itself, meaning that Mr. Magnuson will not be charged for that service. 374

Are you stuck with a Toys 'R' Us gift card, and thinking it is worthless? Kmart announced on Tuesday an exchanged program for those with defunct Toys 'R' Us gift cards. Toys 'R' Us is in the midst of closing all of its stores, and liquidating products. Earlier in May, the retailer stopped accepting gift cards. Kmart said it will allow those with gift cards to Toys 'R' Us to exchange cards for  of FREECASH in points through the in-store exchange. The offer runs through the end of July. In order to take advantage of the offer, Kmart customers will need to join the Shop Your Way program. The offer is good even on expired gift cards. "Kmart has long been a family shopping destination for expecting and current parents," said Leena Munjal, chief digital officer for Sears Holdings Corporation. "We're adding more excitement to shopping and giving more savings back to our members by offering incentives to shop easily and conveniently for popular children's items."For more information on the exchange program, click here.  1078

An Australian labor union says it has fired two officials after investigating their links to a fake Black Lives Matter page on Facebook that attracted hundreds of thousands of followers, and took in money from donors.The National Union of Workers said in a statement Wednesday that it was "deeply distressed and appalled" by the revelations in a CNN report this week that linked one of the officials -- Ian Mackay -- to the fake Facebook page and other online black rights sites."The NUW has launched an investigation into claims made by a CNN report and has terminated the officials concerned," it added.A spokesperson for the union told CNN that it had "terminated" the job of Mackay -- a middle-aged white man -- and fired a second official, Ben Parker. Both held the title of "organizer" at the union, the spokesperson added.The union, which represents thousands of workers in various industries, "is not involved in and has not authorized any activities with reference to claims made in CNN's story," National Secretary Tim Kennedy said in the statement.CNN wasn't immediately able to reach Mackay or Parker for comment on Wednesday.The Facebook page, titled simply "Black Lives Matter," had almost 700,000 followers, more than twice as many as the official Black Lives Matter page.The scam page was tied to online fundraisers that brought in at least 0,000 that supposedly went to Black Lives Matter causes in the United States. At least some of the funds, however, were transferred to Australian bank accounts.Related: The biggest Black Lives Matter page on Facebook is fakeMackay denied running the Black Lives Matter page when CNN asked about his involvement last month. An anonymous Facebook profile under the name "BP Parker" was an administrator of that page until it was suspended, according to Facebook.Ben Parker -- the other now fired official -- declined to answer questions last week about CNN's investigation.Facebook suspended the fake Black Lives Matter page, but only after almost a week of exchanging emails and calls with CNN about the matter.CNN reported on Monday that the Black Lives Matter page consistently linked to websites tied to Mackay, who has registered dozens of domains, many on issues tied to black rights.In April 2015, he registered a site called blackpowerfist.com.Mackay's name, email address, phone number and other details appeared in the registration records for the site until July 2015, when the website enabled a feature that allows site owners to hide their identities and contact information.The Black Lives Matter Facebook page continually drove traffic to websites associated with blackpowerfist.com, which was eventually turned into a discussion forum.A few days after Mackay registered blackpowerfist.com, "BP Parker" shared a link to the website.The people behind the websites and the Facebook page encouraged people to donate through various online fundraising platforms.Related: Zuckerberg unscathed after five-hour Senate grilling sessionA source familiar with some of the payments processed said at least one of the accounts was tied to an Australian IP address and bank account. At least one fundraising account was tied to Ian Mackay by name, according to the source.Another source also familiar with some of the payments processed told CNN that the group had raised around 0,000 that they were aware of.The Black Lives Matter Global Network responded Tuesday to CNN's reporting. It said it was relieved that the fraudulent profiles had finally been taken down after repeated requests, and expressed hope that social media platforms would adopt protocols soon to prevent a repeat."We regret that so many people were deceived by the recent high profile scam into believing that their gifts and donations benefited us," it said in a statement.Mackay did not provide answers to multiple questions from CNN about his apparent links to the scheme, saying that "domain name buying and selling is a personal hobby.""I once bought the domain name only and sold it," he told CNN when asked about a Black Lives Matter website that was once registered to his name.Mackay declined multiple opportunities to clarify his role.-- Carly Walsh contributed reporting.The-CNN-Wire 4237

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