Author: Editor-In-Chief
Apple’s iPhone sales and services revenue was the star of the tech giant’s latest quarter, but Macs quietly outperformed it, helped by growing demand for AI workloads. Wall Street investors had expected Mac sales to be in the low $8 billion range, but Apple reported $8.4 billion in the second quarter ended March 28. That’s a remarkable number for a non-core division of the tech giant’s business. Additionally, profit-forward investors believed that Mac sales would be essentially flat year-over-year. Instead, Mac sales rose 6% on an annual basis, the company told investors. The company’s total revenue was $111.2 billion, an…
Korean benchmark Kospi index The company rose about 31%, its biggest monthly gain since January 1998, on a rally in tech stocks that helped markets avoid geopolitical tensions in the Middle East.The index’s strong gains were driven primarily by optimism about the artificial intelligence boom, with semiconductor giants SK Hynix and Samsung Electronics leading the way, rising 60% and 35% month-on-month, respectively. HSBC last week upgraded South Korea to “neutral” from “underweight,” saying recent foreign capital outflows have helped ease crowded market positioning and reduce downside risks from geopolitical volatility.HSBC said that beyond major semiconductor manufacturers, broader growth themes in…
Steve Huffman, co-founder and CEO of Reddit, speaks at the WSJ Tech Live conference hosted by the Wall Street Journal at Montage Laguna Beach in Laguna Beach, California on October 21, 2024.Frederick J. Brown | AFP | Getty Imagesreddit reported better-than-expected profits and sales in its first-quarter earnings report on Thursday, and also issued an optimistic outlook. Shares rose 6% in extended trading. Here’s how LSEG’s estimates compare to the company’s performance.Earnings per share: $1.01 vs. 58 cents expected Earnings: $663 million vs. $611 million expectedRevenue for the quarter was up 69% from $392 million in the same period last…
President Donald Trump says Tennessee will redraw its electoral maps following a U.S. Supreme Court ruling that gutted key provisions of the landmark U.S. Voting Rights Act.The Supreme Court’s decision on Louisiana’s electoral map has far-reaching implications across the country, but it also has implications for the broader electoral landscape.The move would remove some race-related restrictions on how Congressional district maps are drawn, prompting calls from Republicans to overhaul redistricting in several states ahead of the resulting November midterm elections.The changes come amid near-unprecedented redistricting that began last year as President Donald Trump ramped up pressure on Texas to redraw…
Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. As the Dow Jones Industrial Average falls for the fifth day in a row, CNBC TV producers take a look at what they’re watching and what they’re eyeing next. Eli Lilly and Company CEO David Ricks will join “Squawk Box” at 7 a.m. ET after the pharmaceutical giant reports its quarterly numbers. The stock price has fallen about 17% in the past three months. Lilly is…
Jakub Porzycki | Null Photo | Getty ImagesHigh-tech oriented Nasdaq Composite It rose 15.29% in April, marking the largest monthly increase since the coronavirus pandemic began in April 2020. Gains from big tech companies boosted the sector this week. alphabet, Amazon and microsoft All exceeded revenue and cloud growth expectations.Alphabet soared 10% after the results and is up 34% this month. It was the company’s best month since October 2004, when it went public.meta The stock fell 9% on Thursday after announcing an increase in capital spending, but was still up nearly 7% for the month.Amazon stock rose 27% in…
The House on Thursday removed a series of controversial provisions aimed at protecting pesticide manufacturers from the Farm Bill after the “Make America Healthy Again” uprising threatened to sink the broader policy. An amendment led by Rep. Anna Paulina Luna (R-Fla.) to strip this language passed by a vote of 280-142 after mounting bipartisan opposition from lawmakers and MAHA supporters who said the provision amounted to a protective “liability shield.” bayer From claims that Roundup herbicide and the chemical glyphosate cause cancer. The broader farm bill passed the House on a 224-200 vote Thursday morning. Maine Rep. Cherry Pingree, who…
The House approved funding measures to exempt ICE, ending a weeks-long crisis that left many federal workers without pay.Published April 30, 2026April 30, 2026The U.S. House of Representatives passed a Senate-approved bill to restore funding to the Department of Homeland Security (DHS) and sent the bill to President Donald Trump’s desk.The bill, which does not include Immigration and Customs Enforcement (ICE) or Customs and Border Protection (CBP), was adopted by voice vote Thursday, paving the way for an end to an 11-week partial government shutdown.Recommended stories list of 3 itemsend of listBoth agencies are well-funded through previously approved legislation, but…
Mauricio Pochettino says he feels “really sad” to see his former club Tottenham in contention for relegation from the Premier League.During his five-year stay in north London, Pochettino led Spurs to second place in the league in 2016-17 and reached the Champions League final in 2019. However, the situation has changed significantly, with Spurs currently in 18th place, two points behind with four league games remaining. monterosa This content is provided by monterosacookies and other technologies may be used. To view this content, you must allow cookies. You can change the settings and enable it using the buttons below. monterosa…
Artificial intelligence continues to advance at a rapid pace, forcing companies to develop and release new products faster than ever before or risk becoming irrelevant to faster-moving competitors. At Salesforce, we believe we’ve found a strategy to keep up, even if it’s not clear where AI is going next. The customer management software giant is crowdsourcing its AI roadmap in real time. Salesforce isn’t the only company that works closely with customers for feedback on its products. However, this is noteworthy given the size of the company, the pace of new product launches and modifications to existing products, and the…