Apple sees biggest fall in sales for a year
Apple's boss fought back doubts over the firm's future growth.
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Turkey halts trade with Israel over Gaza 'tragedy'
Officials said the measures would be in place until Israel allowed an "uninterrupted and sufficient flow" of aid.
Google grilled in closing arguments of landmark DOJ antitrust case: ‘You really think that DuckDuckGo is a competitor?’
Judge Amit Mehta is expected to rule later this year on whether Google has maintained an illegal monopoly.
Boss of Peloton rival taunts bike maker, says he could do better job than outgoing CEO Barry McCarthy
“Peloton needs someone who knows the industry,” Lou Lentine told The Post. “I’m running the same company but smaller and we are doing the same things every day but better with fewer employees and less debt.”
Apple sales drop but Tim Cook sees return to growth as iPhone maker invests in AI
"We're looking forward to sharing some very exciting things with our customers" at events later this year, Cook said.
Apple's largest-ever $110 billion stock buyback has investors jacked
Apple’s approval of its biggest-ever, $110 billion stock buyback has investors very excited — so excited that they’re willing to overlook its weak iPhone sales. Immediately following Apple’s announcement of the share repurchases in its fiscal second quarter earnings report, its
Elon Musk is scrapping Tesla's ‘gigacasting’ manufacturing
Tesla is giving up on its ambitious plan for a “gigacasting” manufacturing process in another sign the automaker is looking for a new footing as sales fall and competition rises. Read more...
A second whistleblower tied to Boeing has died
Another whistleblower who raised safety concerns about production practices related to Boeing has died. Joshua Dean, who previously worked as a quality auditor at the plane manufacturer’s supplier, Spirit AeroSystems, died Tuesday as the result of a “sudden, fast-spreading
Peloton stock drops 10% as the CEO leaves and layoffs start
On Thursday, Peloton stock dropped almost 10% following the announcement of 400 job cuts and the departure of CEO Barry McCarthy, who took the position in 2022. Karen Boone and Chris Bruzzo will serve as interim co-CEOs until the company completes its search for McCarthy’s
AI has the potential to drive innovation and improve productivity, report finds
More businesses are making use of artificial intelligence — and it has potential to drive innovation and improve productivity growth, a new report says. Read more...
Apple earnings could reveal more about a little-known AI startup it bought
Apple reports earnings after the bell Thursday, and it’s expected to reveal more about how AI is boosting its business and its AI strategy going forward. That means it might shed more light on how it’s incorporating Darwin AI, a little-known Canadian AI startup it acquired this
Etsy stock plunges 15% as competing with Temu and Shein takes a toll on sales
The stock of the online marketplace Etsy fell more than 15% on Thursday and was the worst performer on the S&P 500. Its latest earnings report showed a drop in gross merchandise sales and a weak guidance report. Read more...
The Dow closes 300 points higher and the S&P 500 looks to break a losing streak as investors wait for Apple
U.S. stocks rose broadly Thursday afternoon as investors awaited Apple’s quarterly earnings report after markets close and the monthly jobs report due Friday. Read more...
Trump Media stock jumps 9% after the CEO asks Congress to investigate short-selling firms
Trump Media & Technology Group stock climbed 9% on Thursday afternoon after CEO Devin Nunes made another call to Congress to investigate firms for what he called “potential manipulation” of the company’s stock Read more...
Fired CNN anchor Don Lemon received $1,600 bottle of wine from ex-boss David Zaslav: report
Lemon was gifted a bottle of 2017 Opus One Cabernet blend as he dined with husband Tim Malone at Porter House near Columbus Circle.
Elon Musk’s Tesla yanks summer internship offers to students amid massive job cutting
One of the students said Tesla informed her via a phone call that she no longer had a summer internship, a development she linked to cost-reduction efforts Tesla recently started.
Sony and Apollo want to buy Paramount for $26 billion in cash — and the stock soars 13%
Sony Pictures and Apollo Global Management have made a $26 billion all-cash offer to buy Paramount Global, the parent company of CBS, MTV, and Paramount Pictures, according to a new report. Read more...
The first bank failure of 2024 highlights the risks facing regional banks
“There will be bank failures.” Read more...
Fired ABC News weatherman Rob Marciano emerges in cap, jeans in first photos since ouster over alleged ‘anger’ issues
Marciano was dressed casually in jeans and a jacket while wearing a baseball cap and holding a cup of coffee near his Westchester home.
Goldman Sachs removes bankers' bonus limit
Investment bank becomes the first to bring in changes first announced by Kwasi Kwarteng in 2022
The Sun got a close up and it's really terrifying
The recent total solar eclipse on April 8 provided a rare glimpse of the Sun’s roiling corona, including some eye-grabbing prominences . Those views were neat, but a new video captured by Europe’s Sun-buzzing probe is providing some of the best close-up views of our host star
Exxon just got the FTC on board with what could be the biggest deal of the year
ExxonMobil, the world’s largest non-state-owned oil company, had planned back in October to spend $60 billion to acquire Pioneer Natural Resources, an oil and natural gas mining company. But the Federal Trade Commission has been holding up the deal for months as it investigates
Wendy's exec says it won't 'get too greedy' with pricing, following its surge pricing debacle
Wendy’s doesn’t want another surge pricing debacle . Read more...
Samsung's 2024 smartwatch plans may be its biggest yet
Samsung teased the Galaxy Ring earlier this year when it introduced the Galaxy S24 series of smartphones. Naturally, this sparked a flurry of rumors about what’s to come and what the wearable could be like. But Samsung is still making smartwatches, too. Based on the hearsay,
Joe Biden asked ChatGPT to write a Bruce Springsteen-style song the first time he used it
Even the most powerful person in the world is impressed by ChatGPT. Read more...
Google's landmark antitrust trial is coming to a close
Google and the Department of Justice are presenting their closing arguments in the biggest antitrust trial of the 21st century this Thursday and Friday. Read more...
Models ditch photoshoots, ‘stressful’ casting in favor of selling their likeness to AI
AI Fashion pays models to upload a few dozen photos of themselves in order to use their likeness in fashion campaigns and other advertisements.
An AI-generated image shows what the Baltimore bridge collapse looked like in insane detail
Baltimore’s Francis Scott Key Bridge collapsed in March after it was hit by a cargo shop that lost power. The strike from the ship brought the towers of the bridge crashing down and left the Dali cargo ship stuck under thousands of tons of metal. Since then, regular people
Weight loss drug wins 25,000 new US users a week
Novo Nordisk is under pressure to cut US prices of its weight loss drug, as demand soars.
