12 h. ago Apple quarterly earnings beat Wall Street expectations amid Trump trade policy chaos

Trump said consumer electronics will be exempted from his soaring tariffs on China, though it is unclear for how longApple’s second-quarter financials came in slightly higher than Wall Street’s expectations on Thursday.The tech giant reported revenue of $95.4bn, up more than 4% over last year, and earnings-per-share of $1.65 per share, up more than 7%. Analysts had predicted revenue of $94.5bn and earnings of $1.62. The company, worth $3.2tn, has beaten Wall Street’s expectations for the previous four quarters. Continue reading...

Events

14 h. ago Apple to report quarterly earnings amid Trump trade policy chaos

Trump said consumer electronics will be exempted from his soaring tariffs on China but it is unclear for how longInvestors have their eyes on Apple as it prepares to report financial results of the second quarter of the fiscal year on Thursday. The tech giant has been working to calm nervous analysts after Donald Trump levied sweeping tariffs on countries around the world that are likely to complicate supply chains for consumer electronics. Since the beginning of the year, Apple’s stock has slumped 16%.In anticipation of its earnings report, the company’s stock notched up slightly on Wednesday. Analysts are predicting a positive quarter for Apple with an average revenue estimate of $94.56bn, up 4.2% over last year, and earnings of $1.62 per share, up 5.8%. The company, worth $3.2tn, has beaten Wall Street’s expectations for the previous four quarters. Continue reading...

Events

8 d. ago A dozen US states sue to stop Trump’s ‘reckless and insane’ tariff policy

Lawsuit rebukes claim that president can arbitrarily impose tariffs based on act intended for emergenciesA dozen states sued the Trump administration in the US court of international trade in New York on Wednesday to stop its tariff policy, saying it is unlawful and has brought chaos to the American economy.The lawsuit said the policy put in place by Donald Trump has been subject to his “whims rather than the sound exercise of lawful authority”. Continue reading...

Politics

2 w. ago China says economy beat expectations to grow 5.4% ahead of Trump tariff war

Beijing expects Trump tariffs to put ‘certain pressures’ on its trade and economy

Politics

2 w. ago John Oliver skewers ‘toddler’ Trump’s tariffs fiasco and JD Vance’s role in administration

Comedian rebukes president for ‘total chaos’ of economic policy and warns: ‘The monkey still has a gun!’

Politics

2 w. ago SNL mocks ‘messiah’ Trump over chaotic tariffs policy with Easter

‘Some people call me the Messiah because of the mess I uh made out of the economy’

Politics

3 w. ago Airline losses expected as Trump’s trade war lowers travel demand

The ongoing trade disputes initiated by the Trump administration have created turbulence in global markets and impacted travel

Politics

4 w. ago Stock markets plunge further as Trump tariffs spark chaos but US president insists policy 'going well'

Trump has created huge global trade turmoil after slapping a minimum 10% tariff on most US imports and much higher levies on dozens of countries

Politics