Apple shares rose 2% after a rosy forecast fueled hopes of an iPhone sales rebound, even as tough competition and a lack of AI features weigh on demand in key market China.
Read More Apple rises as rosy forecast lifts hopes for iPhone rebound
Tag: J.P. Morgan
US insurers slump as Los Angeles wildfire loss estimates hit $20 billion
U.S. insurance stocks slid on Friday as analysts estimated insured losses from the wildfires menacing Los Angeles could reach as high as $20 billion.
Read More US insurers slump as Los Angeles wildfire loss estimates hit $20 billion
Dockworkers From Maine To Texas Begin Strike That Could Have Lasting Impact On Economy
Dockworkers stretching all the way from the East and Gulf coasts went on strike after midnight on Tuesday, which could greatly cause an increase to inflation and cause production shortages for the start of the holiday season.
Read More Dockworkers From Maine To Texas Begin Strike That Could Have Lasting Impact On Economy
Boeing’s shares rise after tentative labor deal that could avert major strike
Boeing’s shares rose 3.7% after the planemaker and its biggest union reached a tentative deal covering more than 32,000 workers.
Read More Boeing’s shares rise after tentative labor deal that could avert major strike
CrowdStrike shares tumble 13% on IT outage impact
Microsoft said about 8.5 million Windows devices, or less than 1% of all Windows machines, were affected.
Read More CrowdStrike shares tumble 13% on IT outage impact
Macy’s investors mount $5.8 billion buyout bid
An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private.
Read More Macy’s investors mount $5.8 billion buyout bid