Intel will look to spin-off Mobileye for big money. Here's why.
Shares of Apple (NASDAQ: AAPL) rose 3.5% to a record closing price of $171.18 on Tuesday, after an analyst placed a price target on the stock that represents a new high among Wall Street's estimates. Morgan Stanley analyst Katy Huberty now sees Apple's shares rising to $200, up from a previous forecast of $164. Huberty sees Apple's share price rising as traders seek out high-quality companies that are thought to be safer investments, now that volatility has returned to the financial markets.
Apple has restricted employees' use of workplace messaging app Slack, hampering workers' ability to engage in protected speech and organizing, a former employee alleged in a complaint to a U.S. labor regulator filed on Tuesday. Slack, which allows individuals to create on-the-fly group conversations, was rolled out a few years ago by Apple and has become increasingly popular as a discussion forum during the pandemic, multiple employees have said. Apple employees who advocate for pay equity, remote work and other causes in the company have used it as well.