Apple becomes first U.S. company worth $3 trillion
CBSN
On the first trading day of 2022, Apple marked a new milestone: it became the first U.S. company to reach a market value of $3 trillion.
Apple's shares briefly touched a record $182.88 per share in Monday's trading. At that price, the iPhone maker's value topped $3 trillion. In early afternoon trading, the shares slipped from the intra-day high, putting its value at just below that mark.
The milestone is even more notable given that it was less than four years ago that Apple topped $1 trillion in value in 2018. And in August 2020, Apple cracked $2 trillion, powered by its steady expansion into a range of services as CEO Tim Cook sought to reduce the company's reliance on iPhones, iPads and other devices for growth.
Robert Morris, founding pastor of Gateway Church, a megachurch in Southlake, Texas, has been indicted on five counts of lewd or indecent acts with a child, stemming from alleged incidents dating back to the 1980s, the Oklahoma attorney general's office announced Wednesday. We are aware of the actions being taken by the legal authorities in Oklahoma and are grateful for the work of the justice system in holding abusers accountable for their actions. We continue to pray for Cindy Clemishire and her family, for the members and staff of Gateway Church, and for all of those impacted by this terrible situation.
President Trump has pardoned a former Republican Tennessee lawmaker who was two weeks into a 21-month prison sentence for an illegal campaign finance scheme that he pleaded guilty to in 2022, before he tried unsuccessfully to take back his plea.
The arrest of Mahmoud Khalil , a green card holder and former Columbia University student involved in pro-Palestinian campus protests in 2024, is raising questions about the rights of permanent residents in the United States.
Sweeping 25% tariffs on all U.S. steel and aluminum imports could cause a rise in prices for a wide range of products including cars and washing machines and other consumer goods, as well as components used in manufacturing and construction, such as nails.
Washington — Less than two months since President Trump's inauguration, the Republican-led Senate has confirmed nearly every one of his Cabinet nominees.
The Environmental Protection Agency on Wednesday said it would "formally reconsider" a landmark 2009 finding by the agency that greenhouse gases are a danger to public health.
Another norovirus outbreak sickened passengers on board the cruise ship Coral Princess in February, marking the second outbreak this year on the ocean liner operated by Princess Cruises, according to the Centers for Disease Control and Prevention.
The former boyfriend of an Iowa woman who vanished 36 years ago has been arrested and charged with first-degree murder in her disappearance, officials said Tuesday.
President Trump sparked concerns this week when he declined to rule out the possibility of a U.S. recession this year. Asked on Fox news if he expects such a slump, Mr. Trump said, "I hate to predict things like that. There is a period of transition because what we're doing is very big."
Environmental Protection Agency administrator Lee Zeldin is "eliminating all diversity, equity and inclusion and environmental justice offices and positions immediately," according to screenshots of an internal memo obtained by CBS News.
A Texas man has been charged with murder in the shooting death of his fiancé, state officials said Monday. The suspect allegedly made disturbing searches online before the shooting, CBS affiliate KHOU reported.
Washington — Senate Democrats are considering their next move after the House narrowly passed a stopgap measure to keep the government funded through September, with a fast-approaching Friday deadline to avert a possible government shutdown.
Trading in U.S. stocks rebounded Wednesday after government report showed that U.S. inflation slowed more than expected in February.