Apple earnings are out – here are the numbers
Analysts are concerned about how Apple will signal the March quarter is shaking out. Source link
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Finance News
UPS shares tank 17% after weak guidance, plan to slash Amazon deliveries by more than half
Amazon Prime and UPS trucks are seen on a building in Washington DC, United States on July 12, 2024. Jakub Porzycki | Nurphoto | Getty Images Shares of United Parcel Service plunged more than 17% Thursday after the company issued weak revenue guidance for the year and said it planned to cut deliveries for Amazon,
Crypto super PAC Fairshake has $116 million on hand to grow industry’s influence in 2026 election
Fairshake, the super PAC bankrolled by crypto’s biggest players, announced Thursday it has $116 million in cash on hand, a war chest aimed at the 2026 midterm election cycle. The fundraising total, which includes $11 million in new contributions, cements Fairshake as one of the most influential political forces in the country. “With the midterms
Microsoft stock slumps 5% on disappointing revenue outlook
Satya Nadella, CEO of Microsoft, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Microsoft shares dropped about 5% after issuing weak current-quarter guidance after the bell Wednesday. The software giant topped Wall Street’s fiscal second-quarter estimates, posting earnings of $3.23 per share
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OpenAI partners with U.S. National Laboratories on scientific research, nuclear weapons security
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt room at White House in Washington, U.S., January 21, 2025. Carlos Barria | Reuters OpenAI on Thursday said the U.S. National Laboratories will be using its latest artificial intelligence models for
Extreme demand took down LA’s water system during the Palisades Fire. Here’s how other U.S. cities can prepare
As thousands of homes started to burn across Los Angeles on Jan. 7, fire hydrants stopped working. The rapid spread of flames in winds up to 100 miles per hour was happening too quickly for water pumps to keep up. It shocked the system and those fleeing the flames. “This area is known for having
Tesla’s CFO says tariffs would ‘have an impact’ on company’s profitability
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024. Brandon Bell | Via Reuters President Donald Trump campaigned on a promise to slap tariffs on goods from many top trading partners. Elon Musk’s electric vehicle company may
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Mark Zuckerberg starts Meta earnings call by praising Trump administration
(L-R) Priscilla Chan, CEO of Meta and Facebook Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty Images Meta CEO Mark Zuckerberg praised the Trump administration
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IBM shares rise 8% on earnings beat
Chairman, President and Chief Executive Officer of IBM Arvind Krishna attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, Jan. 22, 2025. Yves Herman | Reuters IBM reported fourth-quarter earnings on Wednesday that topped Wall Street expectations for earnings and revenue. The shares rose as much as 10% in extended trading before
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Amazon lays off ‘small number’ of employees in communications and sustainability units
A person walks by The Spheres at the Amazon.com Inc. headquarters on November 14, 2022 in Seattle, Washington. David Ryder | Getty Images News | Getty Images Amazon is laying off some employees in its communications and sustainability units, an executive overseeing the divisions announced internally on Wednesday. In a note to staffers viewed by
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