Apple’s guidance for the holiday quarter suggests the company is on track for its biggest quarter ever. The iPhone 17 family appears to be driving unprecedented demand that could push revenue to $136.73 billion.
General Motors is eliminating more than 1,700 manufacturing positions across its EV and battery operations. The cuts reflect slowing electric vehicle adoption and changing regulatory conditions that are forcing automakers to recalibrate their strategies.
The WTO director-general calls recent U.S. tariffs the “greatest disruption of global trade in 80 years” but emphasizes the system’s resilience. All eyes now turn to the critical Trump-Xi meeting that could determine the future direction of global commerce.
Saudi Arabia is making an unprecedented pivot from oil dependence to AI leadership. With 50.6% of its economy now decoupled from petroleum and $135 billion in projected AI gains by 2030, the kingdom is betting its future on artificial intelligence infrastructure and investment.
CrowdStrike CEO George Kurtz has pushed back against emerging narratives that artificial intelligence will render traditional software obsolete. According to reports, Kurtz emphasized that AI and software are fundamentally interdependent, particularly in cybersecurity applications. The executive’s comments come as agentic AI gains traction as a more automated approach to business operations.
CrowdStrike CEO George Kurtz has publicly challenged the emerging narrative that artificial intelligence will make cloud-based software obsolete, according to reports from his appearance on CNBC’s “Squawk on the Street.” Sources indicate Kurtz directly addressed concerns that AI could replace traditional software-as-a-service models, stating “I don’t really buy that” when presented with the argument.
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Goldman Sachs is implementing workforce reductions as part of an AI-focused business overhaul, according to internal memos. CEO David Solomon acknowledges AI’s disruptive potential but emphasizes the economy’s adaptability and long-term benefits for growth and efficiency.
Goldman Sachs is reportedly planning workforce reductions as part of a comprehensive artificial intelligence initiative, according to an internal memo obtained by Business Insider. The banking giant’s CEO David Solomon indicated that while technological disruption isn’t new to the workforce, the current AI revolution is distinguished by its unprecedented speed of implementation.
Treasury yields moved lower as White House officials expressed optimism about ending the government shutdown this week. Meanwhile, trade tensions with China showed signs of easing ahead of critical economic data releases.
Treasury yields reportedly declined as investors monitored developments surrounding the ongoing government shutdown, according to market analysis. The downward movement in yields comes as bond prices move inversely to yield performance, with each basis point representing a 0.01% change.
