- Apple's falling iPhone sales don't bother Wall Street so long as margins, buybacks are increasingon May 3, 2024 at 1:10 am
Apple shares jumped after the company's earnings report on Thursday even though iPhone sales dropped more than expected.
- Coinbase reports first-quarter revenue beat after bitcoin rally leads to surge in profiton May 2, 2024 at 11:32 pm
Coinbase's quarterly results follow a big jump in the price of bitcoin from a year earlier, though the rally has stalled of late.
- Block shares jump on better-than-expected first-quarter resultson May 2, 2024 at 11:31 pm
Block's earnings report comes during a slide in the stock price tied to reports that U.S. prosecutors were probing the company's compliance practices.
- Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%on May 2, 2024 at 11:11 pm
Apple CEO Tim Cook told CNBC that quarterly sales suffered from a difficult comparison to the year-earlier period.
- Democratic senator aims at Amazon's labor practices with first federal bill regulating quotason May 2, 2024 at 8:00 pm
The bill seeks to regulate productivity quotas used by warehouse employers, including Amazon.
- Taylor Swift and Drake's label UMG strikes new licensing deal with TikTok to end spaton May 2, 2024 at 3:41 pm
In a statement Thursday, UMG said the new licensing deal would lead to the return of its artists' music to TikTok.
- Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQon May 2, 2024 at 3:33 pm
The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release.
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