Latest iPhone 5S Rumors and Other News You Need to Know

Welcome to this morning's edition of "First To Know," a series in which we keep you in the know on what's happening in the digital world.

Today, we're looking at three particularly interesting stories. What’s slate, white or champagne-colored, covered in aluminum and 31% faster than the iPhone 5? You guessed it. The latest rumors point to a faster processor in the next iPhone, rumored for a Sept. 10 release

New details from AllThingsD suggest Microsoft CEO Steve Ballmer’s decision to retire may have come much sooner than expectedAmazon revealed a problem with its Virginia data center, leading to connectivity issues for Instagram, Vine, Netflix and more over the weekend Read more...