$1 trillion. That's the combined fortunes of the six billionaires who joined Trump on the trip, according to Forbes estimates.
The market's relationship with China has become a balancing act investors can't ignore.
AAPL names John Ternus as CEO effective Sept. 1, 2026, succeeding Tim Cook after years of strong growth.
Spotify announced on Thursday that it plans to embrace Apple's HLS (HTTP Live Streaming) video technology, which Apple recently introduced on Apple Podcasts to enhance the video experience. The adoption means that Spotify-hosted shows will soon be able to distribute and monetize their video podcasts on Apple Podcasts, expanding creator reach without requiring any changes to their existing setups.
Apple delivered record Q2 results, with $111.18B revenue (+16.6% YoY), $2.01 EPS, and robust beats on both top and bottom lines. I am upgrading AAPL to bullish, citing accelerating operational cash flow, a $100B buyback, and renewed R&D focus, especially in AI. Guidance for Q3 revenue growth (14%-17% YoY) far exceeds consensus, signaling management's confidence in sustained momentum amid margin headwinds.
Chinese President Xi Jinping told American CEOs travelling with President Donald Trump that the door to business in China will "open wider," state-backed newspaper Xinhua reported. Tesla and Space X boss Elon Musk, Nvidia's CEO Jensen Huang and Apple CEO Tim Cook were part of Trump's delegation.
Apple (NASDAQ: AAPL) delivered another strong quarterly earnings report, beating Wall Street expectations on both revenue and profit. The company posted its best March quarter ever, with fiscal second-quarter revenue of $111.2 billion, up 17% year on year, and earnings per share of $2.01, up 22%.
Apple is exploring ways to allow developers to offer artificial intelligence (AI) agents into its App Store while maintaining its regulations designed to prevent the spread of malware and other wrongdoing, The Information reported Wednesday (May 13), citing unnamed sources.
The tech stock rally may have taken a breather this week, but analysts expect that break means Big Tech has more room to run.
Craig Johnson, Chief Market Technician at Piper Sandler, used his CNBC Morning Call Sheet appearance to flag concerns for self-directed investors riding the AI trade.
Apple is reportedly opposing Europe's efforts to require Google to help its AI competition access its services. As Reuters reported Wednesday (May 13), the European Commission (EC) has been seeking feedback on measures to help Google comply with the Digital Markets Act (DMA).
Foxconn, which manufactures products for Apple and Google, is reportedly recovering from a ransomware attack. A company spokesperson confirmed the incident for web publication BleepingComputer Wednesday (May 13), following claims earlier in the week by the Nitrogen ransomware operation that it had stolen 8 TB of data and upwards of 11 million documents.