In the US tech sell off, Apple was regarded as the safest pair of hands. It has more than 2bn active devices and nearly 1bn people paying for services. Unlike many of its peers it pays dividends as well as buying back shares. A drop in revenue and net income in the last quarter does
Apple’s iPhone shipments bounced back from supply chain disruptions in the holiday period, though revenue still declined year-on-year for the second quarter in a row due to what it described as a “tougher” economic environment and currency headwinds. Finance chief Luca Maestri said Apple had seen “significant acceleration in iPhone revenue from December to March”.
Our weekly roundup of news from East Asia curates the industry’s most important developments. SUI rises to glory as Sun sets sights on it On Apr. 30, cryptocurrency exchange Binance unveiled two LaunchPools for the then-up-and-coming listing of Sui tokens. As a Layer-1 blockchain created by Mysten Labs, which in turn was founded by former
Travel groups Expedia and Booking Holdings said there was strong demand for accommodations in the first three months of 2023, with both companies notching record sales figures. Expedia reported $2.7bn in revenues, its highest for a first quarter and an 18 per cent improvement on the comparable period in 2022. Booking said its gross bookings
In this article CVNA AAPL BKNG SQ COIN DASH Follow your favorite stocksCREATE FREE ACCOUNT Apple’s first physical retail store is located in the populous city of Mumbai. Punit Paranjpe | Afp | Getty Images Check out the companies making headlines in after hours trading. Apple — The tech giant added nearly 2% after an
A growing number of malware creators are now taking advantage of the significant interest in Chatgpt to lure victims, Facebook owner Meta has noticed. According to its head of information security, the AI-based chatbot is “the new crypto” for bad actors and the social media giant is preparing for various abuses. Malware Inspired by Chatgpt
Illinois lawmakers are being urged to slow down as they consider pension mandates for Chicago that Mayor Lori Lightfoot’s administration warns could add $3 billion to the city’s long-term payment tab for its firefighters’ fund. The legislation raises benefits for employees hired beginning in 2011 when a Tier 2 pension system was established. Pension experts
Municipals improved Thursday while outflows from municipal bond mutual funds rose to more than $800 million. U.S. Treasuries were better on bonds five years and in and equities ended down as more news of troubled regional banks and the continued debt ceiling standoff in Washington hangs over markets. Triple-A benchmarks were firmer, with yields falling
In this episode of let’s talk stocks, we are going to take a look at the rounding bottom stock chart pattern. Most of the time this is a reversal pattern, however, it can sometimes be a continuation pattern. I’m going to show you what this pattern looks like, the previous trend, volume, projections, entry points,
The executives leading the AI race that has transfixed the tech industry, including the CEOs of OpenAI, Google and Microsoft, met at the White House on Thursday for what a senior US official described as a “frank discussion” about their responsibilities to make sure their systems are safe. The meeting, which was attended by vice-president
As the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting a single $1 trillion platinum coin. This unusual tactic exploits a legal loophole that allows the Treasury Department to mint platinum coins of any value. By delivering such a coin to the
U.S. District Judge Laura Taylor Swain ordered parties in the Puerto Rico Electric Power Authority bankruptcy to attend a hearing to address their lack of mediation sessions to reach a deal. The hearing exclusively about mediation scheduled for Monday will be the first Swain has called in the nearly six-year long bankruptcy. She has said
Local governments with 150,000 or fewer residents who need help applying for grants available through the Bipartisan Infrastructure Law and Inflation Reduction Act are getting a new tool in June. The Local Infrastructure Hub, a partnership of several organizations, will offer a series of workshops focused on highway-rail crossing improvements, drinking water systems, broadband planning, local infrastructure
Part two of a two-part series. Case Study: water and sewer systemsWater and sewer maintenance and development is the domain of localities. The federal government has not been involved in a centralized and systematic fashion since around 1980. In 2018, the Environmental Protection Agency estimated that about $472.6 billion will be needed for water system
Economists warned of the dangers of the ongoing debt limit standoff at a Senate hearing Thursday highlighting what Democrats say would be the painful outcome if a recently passed Republican House debt limit and spending bill becomes law. Meanwhile, Moody’s Investors Service released a report Thursday outlining the impact on various credits of different debt
The Municipal Forum of New York honored both new and old hands of public finance at its 32nd Annual Awards Dinner Wednesday at Manhattan’s Marriott Marquis hotel. Portia Lee, managing director of public finance for the Dormitory Authority of the State of New York, presented the first of four awards, the Carey Gabay Scholarship, to outgoing high school senior Jahin
UK ministers plan to widen the forms of photo identification that voters can present at polling stations in future, as concerns grow that the requirement to show an ID card may have reduced participation in Thursday’s local elections in England. Voters have for the first time been legally obliged to produce proof of identity in
Display showing Gecko character for GEICO Insurance during the Berkshire Hathaway Annual Shareholder Meeting in Omaha, Nebraska. Yun Li | CNBC Berkshire Hathaway shareholders attending this year’s meeting will want to know more about the company Warren Buffett once called his “favorite child” – the auto insurer Geico. With tens of thousands of shareholders in
Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion for the next two weeks. Bitcoin Difficulty
The World Economic Forum’s latest Chief Economists Outlook highlighted the uncertain backdrop to the US Federal Reserve and European Central Bank’s meetings this week. While 45 per cent of economists thought a global recession was likely this year, the same proportion considered it unlikely. A lack of clarity on the trajectory of the US and
The Sixth Circuit Court of Appeals has denied Treasury’s request for a rehearing of the court’s decision barring the federal government from enforcing its Offset Provision against Tennessee due to compliance issues being unconstitutionally burdensome. That’s the latest in the multi-state battle against Treasury’s Offset Provision, which many states argue is a way for the