Apple reported second fiscal-quarter earnings Thursday that beat Wall Street expectations, but the company’s closely-watched Services division came up light versus estimates. Shares of the iPhone maker fell as much as 4% in extended trading. Here’s how Apple did versus consensus estimates for the quarter ending in March: EPS: $1.65 vs. $1.63 estimated by LSEG … Read more
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York on Aug 1, 2018. Lucas Jackson | Reuters Apple willfully violated a 2021 injunction that came out of the Epic Games case, Judge Yvonne Gonzalez Rogers said in a court filing on Wednesday. She wrote that Apple … Read more
CEO of PayPal Alex Chriss speaks during the Semafor 2025 World Economy Summit at Conrad Washington on in Washington, D.C., on April 24, 2025. Alex Wong | Getty Images PayPal reported better-than-expected earnings for the first quarter, but the company missed on revenue and reaffirmed its guidance for 2025 due to macro uncertainty. The stock … Read more
The Intel headquarters in Santa Clara, California, US, on Wednesday, April 23, 2025. Intel Corp. is scheduled to release earnings figures on April 24. David Paul Morris | Bloomberg | Getty Images Intel CFO David Zinsner said President Donald Trump’s tariffs and retaliation from other countries has increased the likelihood of a recession. “The very … Read more
The Intel headquarters in Santa Clara, California, US, on Wednesday, April 23, 2025. Intel Corp. is scheduled to release earnings figures on April 24. David Paul Morris | Bloomberg | Getty Images Intel reported first-quarter results on Thursday that beat analysts’ estimates, while issuing disappointing guidance and announcing plans to slash operational and capital expenses … Read more
Perplexity AI is getting in on the smartphone game. The startup on Thursday announced a partnership to bring its artificial intelligence search engine technology directly into Motorola smartphones. As part of the integration, Perplexity’s AI capabilities will be included in Motorola’s suite of “Moto AI” features. That makes the Razr-maker the first smartphone brand to … Read more
It’s been a brutal year for Tesla shareholders so far, and a hugely profitable one for short sellers, who bet on a decline in the company’s stock price. Tesla shorts have generated $11.5 billion in mark-to-market profits in 2025, according to data from S3 Partners. The data reflected Monday’s closing price of $227.50, at which … Read more
Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the inauguration of Donald J. Trump in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Trump takes office for his second term as the 47th president of the U.S. Julia Demaree Nikhinson | Getty Images As tech’s megacap … Read more
Dozens of Democratic lawmakers are warning that President Donald Trump‘s tariff-heavy trade agenda is quickly starting to resemble a “corrupt scheme to enrich administration officials and those loyal to them.” The Trump administration’s tumultuous rollout of a spate of new tariffs is “rife with opportunities to unduly influence President Trump and other administration officials,” the … Read more
OpenAI CEO Sam Altman looks on during an event at the startup campus Station F, on the sidelines of the Artificial Intelligence Action Summit, in Paris on Feb. 11, 2025. Aurelien Morissard | AFP | Getty Images Before entering into talks to acquire artificial intelligence code-writing startup Windsurf, OpenAI looked at buying another option: Cursor. … Read more