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Apple is preparing to absorb $1.1 billion in tariff costs this quarter, CEO Tim Cook told investors on Thursday's earnings call...
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Nvidia welcomed Microsoft to the exclusive $4 trillion club as America's tech giants plow through growing demand for artificial intelligence...
Continue ReadingTech giant sees double-digit revenue rise, with huge gains in iPhone sales, despite stock-price drop and looming tariffs...
Continue ReadingAt least the company's epic fight against Epic Games is probably coming to an end...
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Alger CEO Dan Chung says AI is in its early stages after Microsoft and Meta soared following their earnings. He also discussed Apple and says we would need to see an "exciting product cycle" to boost holdings. He speaks with Katie Greifeld and Romaine Bostick on "The Close."...
Continue ReadingApple reported strong iPhone sales and rebound in revenue from China, giving a much-needed boost to two parts of the company’s business that had struggled over the past year...
Continue ReadingOn July 31, 1928, MGM's Leo the Lion roared for the first time. The iconic mascot dates back to 1924, born from a merger of Metro Pictures, Goldwyn Pictures and Louis B. Mayer Productions. Ninety-four years later, Jeff Bezos bought MGM Studios for $8.5 billion. Romaine Bostick explains why Amazon faced mounting pressure to expand Prime Video from a booming streaming war...
Continue ReadingJassy told analysts that companies have two choices, to embrace and shape the change that's coming, or "wish it away and have it shape you."...
Continue ReadingU.S. stocks closed lower as the Friday deadline for new tariffs weighed on investors, though the timeline for reaching a trade deal with Mexico got a 90-day extension. Shares in Microsoft rose 4% on a strong earnings report, briefly pushing its market value above $4 trillion...
Continue ReadingAmazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off.- 'Curveballs' - Amazon Web Services (AWS), the company's world leading cloud computing division, led the charge with sales jumping 17.5 percent to $30.9 billion...
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