Wall Street Journal UAW Demands Significant Wage Increases For Factory Workers At GM, Ford, And Stellantis The United Auto Workers (UAW) union is reportedly pressing the Detroit car companies to give its factory workers a 40% pay hike in the next labor contract. The union conveyed this demand to the automakers this week, along with a list of other items it plans to push for at the bargaining table. The UAW is negotiating new four-year labor agreements for around 150,000 hourly workers at General...
Continue ReadingApple's earnings beat soft expectations on both profit and revenue, but overall sales declined 1% as iPhone, iPad, and Mac sales flagged...
Continue ReadingWall Street rose and bond yields fell on Friday after July jobs data showed a slowing in the U.S. labor market with wage gains, while Amazon's stellar earnings countered Apple's tepid sales forecast. The yield on the 10-year benchmark note dipped on Friday after the jobs data, but still remained above 4%, partly boosting some megacap stocks. "At this point in some ways the jobs data doesn't do much to the Fed. The drama is now pivoting from the Fed to the Treasury," said David Russell, vice president of market intelligence at TradeStation...
Continue ReadingApple’s sales have fallen, and will continue to fall, the company warned in its latest results. Apple shares dropped about 2% after the company predicted what could be the fourth quarter in a row of declining sales. For the just-ended period, strength in services drove the profit beat, but weaker than expected sales of Apple‘s most famous device, the iPhone, underwhelmed investors...
Continue ReadingApple's (AAPL) third-quarter fiscal 2023 results suffer from forex headwind and challenging macro environment conditions, despite Services growth...
Continue ReadingApple's services business has set consecutive sales records, but Wall Street was more focused on sliding revenue from hardware...
Continue ReadingDespite beating earnings estimates on Thursday, Apple shares (AAPL) continue to slide on declining sales figures. The iPhone maker set record sales for their landmark device in India, which the company recently expanded into, but it was not enough to satisfy Wall Street expectations. Yahoo Finance Senior Reporter Allie Garfinkle underlines Apple's profit margin across its segments and the promising outlook for Apple's presence in India...
Continue ReadingSarge holding Apple released the firm's fiscal third quarter financial results on Thursday evening. For the three month period ended July 1st, Apple posted a GAAP EPS of $1.26 on revenue of $81.797B. This was the third consecutive quarter that Apple generated sales that were lower than their respective year over year comps...
Continue ReadingApple Inc. (AAPL) reported solid third-quarter fiscal 2023 results, wherein it beat estimates on both earnings and revenues. However, the tech titan forecast another revenue decline for the current quarter, spreading fears of pessimism...
Continue ReadingA federal judge narrowed the case that states and the DOJ can make in the antitrust trial against Google beginning in September, per a newly-released decision...
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