(Source - AppleInsider)
Earnings Overview:
Apple announced its third-quarter earnings, exceeding analysts' expectations on both revenue and earnings per share despite a decline in iPhone sales compared to the previous year. This performance highlights the company's resilience in the face of challenges, particularly in the critical Chinese mar…
News
Know all the recent happening in the business world, which companies have soared or gone down. Keep track of the business world in the News Section of Mr. Business Magazine.
(Souce - Forbes)
Financial Performance and Market Reaction:
Amazon's stock experienced a decline of up to 6% in after-hours trading following the company's announcement of weaker-than-expected second-quarter revenue and a less optimistic forecast for the upcoming quarter. The e-commerce giant reported earnings of $1.26 per share, surpassing t…
(Source - gg.dealsfreebie)
Fallout London: Finally Released After Delay
After a lengthy wait and initial delays, "Fallout London" is now available for free download. Originally scheduled for release on April 23, the fan-made expansion faced setbacks due to Bethesda’s next-gen update for Fallout 4, which caused compatibility issues with the mo…
(Source - Tomsguide)
Samsung Galaxy Buds3 Pro and Bose QuietComfort Ultra Earbuds: An Overview
In the highly competitive market of top-tier earbuds, Samsung and Bose have both established strong contenders with their latest models: the Samsung Galaxy Buds3 Pro vs. Bose QuietComfort Ultra Earbuds. These earbuds represent the pinnacle of each c…
(Souce - Techradar)
OpenAI Introduces SearchGPT
OpenAI announced the prototype of its new search engine, SearchGPT, on Thursday. This innovative tool is designed to deliver "fast and timely answers with clear and relevant sources" to users, and it promises to offer a more intuitive and conversational search experience. Currently being tested …
(Source - Investopedia)
The Inverted Yield Curve and Its Historical Significance
Since 2022, the yield on the 10-year Treasury note has been lower than that on shorter-dated securities, creating an inverted yield curve. Traditionally, this inversion has been a reliable predictor of recessions, accurately foreshadowing nearly every economic do…
(Source - Fastcompany)
Southwest Airlines Revamps Seating Policy
Southwest Airlines is set to introduce a major change by implementing assigned seating for the first time in its history. This move will allow the airline to charge premium prices for specific seats, marking a shift from its long-standing open seating policy. Additionally, South…
(Source - money.usnews)
Ford's Earnings Report Misses Analyst Expectations
Ford Motor Company, a leading automaker in the United States, experienced a significant drop in its stock price, falling 16.7% as of 12:45 p.m. ET on Thursday. This sharp decline came after the company reported its second-quarter earnings, which failed to meet analysts…
Source-www.marketscreener.com
Central Bank's Unscheduled Lending Operation
In a surprising move aimed at boosting the economy, China's central bank, the People's Bank of China (PBOC), implemented an unexpected lending operation on Thursday. This decision marked the second surprise within a week, following Monday's cut in several benchmark len…
(Source- Indianretailer)
Chinese lifestyle retailer Miniso has unveiled ambitious plans to significantly increase its global presence in 2024. According to the Financial Times, the company intends to open 600 new stores overseas, marking a strategic pivot towards international markets. In addition to this global push, Miniso will also establish …
Latest News
Firefly Aerospace raised the share price range for its initial public offering on Monday, signaling strong investor demand an…
Amazon stock fall accelerated by 7% on Friday after its cloud unit's performance lagged behind Microsoft and Alphabet, raisin…
Tesla is facing its first federal jury trial involving a fatal crash linked to its Autopilot technology, marking a significan…
The 2025 MLB trade deadline lived up to its billing, with a flurry of over 50 trades finalized in just 36 hours, reshaping po…
In a surprising and unconventional move, Harley-Davidson has unveiled its most affordable motorcycle in decades—the Harley-Da…
In a surprising yet symbolic move, Foo Fighters have officially named Ilan Rubin—former drummer of Nine Inch Nails—as the Foo…