2 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

4 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

6 h. ago Profits up, stocks down and angry calls: Tech giants playing nice with Trump hasn’t translated to a windfall

In the first 100 days of Trump’s second term, the president has presided over a chaotic and turbulent economy

Politics

23 h. ago Microsoft shares jump after strong AI demand lifts cloud unit

Profits rise nearly a fifth in March quarter sending stock up as much as 9% in after-hours trading

Politics

24 h. ago Meta beats expectations and boosts spending as it shrugs off tariff impact

Zuckerberg says tech giant is ‘well positioned’ despite drop-off in revenue from Chinese advertisers

Economics

27 h. ago Microsoft shares jump after strong AI demand boosts cloud unit

Profits rise nearly a fifth in March quarter sending stock up 6% after-hours

Politics

27 h. ago Microsoft beats Wall Street expectations for fourth quarter in a row amid AI boom

Tech giant has committed to investing $80bn in artificial intelligence this fiscal year as it reveals revenue of $70.07bnMicrosoft released its quarterly earnings report on Wednesday after the New York stock market closed, beating Wall Street’s expectations for the fourth quarter in a row amid a financial boom for artificial intelligence businesses.The company revealed revenue of $70.07bn and earnings of $3.46 per share. The result exceeded analyst predictions that revenue would grow to $68.42bn, or 10.6% year-over-year, and that earnings-per-share would come in at $3.22. Continue reading...

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27 h. ago Microsoft shares jump after software giant’s earnings top forecasts

Profits rise nearly 20% in March quarter sending stock up nearly 6% after-hours

Events

44 h. ago Asian shares rise after gains on Wall Street as corporate profits pile higher

Shares are mixed in Asia after U.S. stocks rose again as companies reported stronger-than-expected profits

Economics

56 h. ago White House lashes out at ‘hostile and political act by Amazon’

Spat comes after report alleged tech giant was planning to display price increases caused by Trump’s tariffs

Politics

60 h. ago Online Safety Act ‘not up for negotiation’ in US trade talks, says minister

Baroness Jones said the UK will not consider watering down online safety rules to appease US tech giants and secure a trade deal with the US.

Politics

4 d. ago Alexander Zverev warned for taking picture of ball mark during Madrid Open win

The German was angry that a shot from Alejandro Davidovich Fokina was called in during their third-round match.

Events

4 d. ago £20million salvage operation underway to raise tech tycoon Mike Lynch's doomed superyacht from seabed with giant floating crane

Entrepreneur Mr Lynch, 59, and daughter Hannah, 18 (both top right), were among seven people who drowned when the Bayesian sank off the coast of Porticello, near Palermo.

Economics

5 d. ago How Melania could end up in the middle of the awkward dynamics at the Pope's funeral playing nice with Trump's greatest enemies

President Donald Trump and first lady Melania Trump won't be the only American VIPs in attendance at Pope Francis ' funeral in Rome Saturday.

Politics

6 d. ago Apple issues warning to all 1.8b iPhone users: Delete this app NOW or your bank details will be stolen

Apple is warning their nearly two billion iPhone users to immediately delete another tech giant's app, claiming that your digital privacy is in grave danger .

Events

7 d. ago Google reports strong earnings amid DoJ antitrust lawsuits and Trump tariffs

Tech giant exceeds Wall Street expectations despite 17% drop in stock price and tariffs levied on its trade partnersGoogle’s parent company Alphabet reported strong first quarter earnings on Thursday, despite being embroiled in antitrust lawsuits brought by the US government and seeing a 17% drop in its stock price since the beginning of the year. This is the company’s first earnings report since Donald Trump levied tariffs on trade partners around the world.Despite the upheaval for Alphabet, it exceeded Wall Street’s expectations, reporting revenue of $90.23bn, up 12% since the same time last year, and $2.81 in earnings per share. Analysts had projected first quarter revenue of $89.2bn and earnings of $2.01 per share, according to consensus estimates. The global tariffs were not expected to create much of an impact for Alphabet, since they were mostly instituted after the end of the quarter. Continue reading...

Politics

7 d. ago Google to report earnings amid justice department lawsuits and Trump tariffs

Parent company to report revenue as it’s embroiled in 17% drop in stock price and tariffs levied on its trade partnersGoogle’s parent company Alphabet will report its first quarter earnings on Thursday, which come as the tech giant is embroiled in antitrust lawsuits brought by the US government and a 17% drop in its stock price since the beginning of the year. It’s also the company’s first earnings report since Donald Trump levied tariffs on trade partners around the world.Despite the upheaval, analysts appear optimistic on Alphabet’s outlook projecting first quarter revenue of $89.2bn, up 11% since the same time last year, and earnings of $2.01 per share, up 7%, according to consensus estimates. Analysts don’t expect the global tariffs to create much of an impact for Alphabet, since they were mostly instituted after the end of the quarter. Continue reading...

Politics

7 d. ago Google broke the law. It’s time to break up the company | Courtney C Radsch

Two recent US cases have found the search giant is functioning as an illegal monopoly. This should be a turning pointIn less than a year, US courts have ruled that the world’s most powerful tech company broke the law – twice.In August, a federal judge in Washington ruled that Google illegally maintained its search monopoly by locking up defaults on browsers and devices. In April, a federal judge in Virginia found that Google illegally monopolized the digital advertising market, manipulating auctions, restricting and stifling competitors. These two rulings, the most significant antitrust wins against a tech giant in decades, should be a turning point in the digital economy.Dr Courtney C Radsch is director of the Center for Journalism and Liberty at Open Markets Institute Continue reading...

Events

8 d. ago Tesla’s fall in numbers: The staggering profit drops that forced Musk to step back from DOGE

A 71 per cent drop in profits and tanking share price have forced Elon Musk to cut down his time as Trump’s costcutter-in-chief. Alicja Hagopian and Karl Matchett explore what happened

Politics

8 d. ago EU fines Apple and Meta £600m for breaching competition rules

The European Commission said the tech giants breached the Digital Markets Act.

Economics