Apple delivered a better-than-expected revenue forecast for its March quarter, projecting 13% to 16% growth. However, the company issued a warning that increasing costs for components threaten to squeeze its profitability.
Apple just posted a monster holiday quarter with iPhone sales up 23% and a huge beat in China. Despite the blowout numbers and strong guidance, the stock’s reaction was muted. Here’s what’s really going on under the hood.
The AI investment bubble is showing serious cracks. Microsoft’s market value cratered by over $440 billion after revealing its huge spending and deep financial entanglement with OpenAI, sparking a broader tech selloff.
The New York Stock Exchange announced a plan to put thousands of stocks on the blockchain. But one academic calls it “smoke and mirrors,” pointing to a lack of specifics and a conflict with its existing business model.
According to Fortune, the SEC is threatening to roll back Regulation S-K and blocking shareholder resolutions. This strips investors of their fundamental rights to information and oversight. The result is a market built on opacity, not transparency.
German Larrea’s fortune hit $71.6 billion while Iris Fontbona’s wealth jumped 91% to $55.6 billion in the past 12 months. Their pure-play copper companies have massively outperformed diversified mining giants as investors chase direct exposure to the red metal.
The tech boom in Seattle is turning to gloom with a new wave of major layoffs. Amazon is cutting another 16,000 corporate roles, while Meta and Expedia slash hundreds more. Local leaders call it the scariest economic time since 2009.
Apple is set to report fiscal first-quarter earnings after the bell on Thursday. Wall Street expects strong iPhone 17 holiday sales but is worried about rising memory costs and the path to AI monetization.
Former tech entrepreneur and San Jose Mayor Matt Mahan is running for Governor of California. He’s betting voter frustration over homelessness and crime will propel his centrist challenge in a deep-blue state.
Microsoft revealed that OpenAI accounts for roughly 45% of its massive $625 billion cloud backlog. The disclosure spooked some Wall Street analysts, contributing to a more than 6% drop in after-hours trading.
