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The Latest Breaking News on Business

Apple's Record Quarter Decoded — China Surges 28%, iPhone 17 Demand Soars, Services Reach New High

Apple's fiscal Q2 saw record revenue driven by iPhone 17 demand and a 28 per cent sales surge in China, despite supply constraints. Tim Cook announces departure, with John Ternus as successor.

International Business Times UK

Apple results: iPhone sales suffer because it can’t make enough as new CEO prepares to take over

Trouble getting enough chips could cause further problems, outgoing boss Tim Cook warns

The Independent UK

Tim Cook takes victory lap as Apple’s financial results soar past Wall Street expectations

Company details $111.2bn in revenue in first earnings report after announcement of Cook’s pending departure

The Guardian - US

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High gas prices eating into Texans’ budgets, fueling inflation

The average price for a gallon of gas in Texas has risen from $2.55 in early February to $3.78 at the end of April.

The Texas Tribune

China Blocks Tech Acquisitions To Weaken America. The U.S. Shouldn't Follow Suit.

China ordered Meta to roll back its acquisition of AI startup Manus on Monday.

Reason

US national debt is now bigger than the economy for first time since World War II

Lawmakers urged to ‘stop the bleeding’ and put the country on a more sustainable fiscal path

The Independent UK

EU-Mercosur trade deal takes provisional effect, boosting hopes and concerns for millions

The long-awaited trade deal between the South American bloc Mercosur and the European Union is finally on, at least provisionally

The Independent UK

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GLP-1 Sales Continue to Lift Eli Lilly. Does That Make LLY Stock a Buy?

Eli Lilly stock rallies as GLP-1 sales drive a 56% year-on-year increase in Q1 revenue. Jim Cramer recommends buying LLY shares as the weight-loss addressable market is truly huge.

Barchart

Rivian Boosts Initial Georgia Plant Capacity To 300,000 Units

The EV startup said production at its new factory is still on track to begin in 2028. Rivian will build vehicles on its midsized platform there.

InsideEVs

Google, Microsoft, Meta, and Amazon capex spending to hit $725 billion in 2026, up 77% from last year — analyst says bear thesis is 'garbage'

Google, Amazon, Microsoft, and Meta collectively plan to spend $725 billion on capex in 2026, up 77% from last year's record $410 billion.

Tom’s Hardware

Apple beats out earnings estimates with continued iPhone momentum

Apple has posted strong quarterly earnings, beating out Wall Street expectations

The Independent UK

Exploding number of AI data center build-outs delay Texas housing projects — data centers' high demand for electricians prices out contractors, homes now take two months longer to complete

Housing construction projects in Texas are facing delays of up to two months as contractors are having a harder time finding and keeping electricians. Data center projects are pricing out housing projects from the labor force as they offer 75% higher salaries and more benefits.

Tom’s Hardware

Do Wall Street Analysts Like Kraft Heinz Stock?

Kraft Heinz has notably underperformed the broader market over the past year, and Wall Street analysts maintain a cautious outlook about the stock’s prospects.

Barchart

Microsoft forced to up AI spending by $25 billion to cover hardware price rises — says it 'remains confident in the return on these investments'

Microsoft expects a $190 billion capex in fiscal 2026, but around $25 billion of that is believed to come from rising costs.

TechRadar

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Barchart

Invitation Homes Stock Outlook: Is Wall Street Bullish or Bearish?

Invitation Homes has considerably lagged the broader market over the past year, yet Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects.

GamesRadar

New Xbox head Asha Sharma says "we know we have work to do" as quarterly hardware sales sink another 33%

Game Pass isn't looking so hot at the moment either

Barchart

Delta Air Lines Stock Outlook: Is Wall Street Bullish or Bearish?

Delta Air Lines has outperformed the broader market over the past year, and analysts are highly optimistic about the stock’s prospects.

Barchart

Are Wall Street Analysts Bullish on APA Corporation Stock?

APA Corporation has considerably outperformed the broader market over the past year, but analysts are cautious about the stock’s prospects.

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news in one place.

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PC Gamer

Microsoft predicts memory crisis will affect its revenue as struggling OEMs won't be as liberal with Windows spending

Reaping what it sows in the AI era, perhaps.

Barchart

Is Wall Street Bullish or Bearish on United Airlines Stock?

United Airlines has outperformed the broader market over the past year, and analysts remain highly optimistic about the stock’s prospects.

Fortune

GM just boosted its U.S. manufacturing spend to $6 billion in one year—and it may be returning to the idea that made it great

GM used to say, “A car for every purse and purpose.” Now, SVP Mike Trevorrow tells Fortune, “we have a wide variety of vehicles for everyone.”

Barchart

What Are Wall Street Analysts' Target Price for JPMorgan Chase Stock?

JPMorgan Chase has lagged the broader market over the past year, though analysts maintain a cautiously optimistic outlook on its forward performance.

Barchart

Are Wall Street Analysts Bullish on Cognizant Stock?

Cognizant has underperformed the broader market over the past year, and analysts remain cautiously optimistic about the stock’s prospects.

International Business Times

Bipartisan Bill Targets Chinese-Made Vehicles And Connected Auto Technology In U.S. Market

A bipartisan bill is seeking to block imports of Chinese cars, parts, and software over national security concerns, escalating Washington's push to restrict foreign-linked connected vehicle systems amid rising global EV competition.

Barchart

Apollo Global Stock: Analyst Estimates & Ratings

While Apollo Global has trailed the broader market over the past year, analysts are fairly upbeat about its future outlook.

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Luiz Inácio Lula da Silva

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