Apple (NASDAQ:AAPL) closed Tuesday at $253.5, down 2.07%. Shares moved lower after reports of engineering challenges for a foldable iPhone and softer App Store growth. Investors will now be watching future updates on foldable hardware timing as well as momentum in its services segment. Trading volume reached 61.1 million shares, coming in nearly 30% above its three-month average of 47.6 million sh...
Apple (NASDAQ:AAPL) closed Tuesday at $253.5, down 2.07%. Shares moved lower after reports of engineering challenges for a foldable iPhone and softer App Store growth. Investors will now be watching future updates on foldable hardware timing as well as momentum in its services segment. Trading volume reached 61.1 million shares, coming in nearly 30% above its three-month average of 47.6 million shares. Apple IPO'd in 1980 and has grown 197,407% since going public. The S&P 500 (SNPINDEX:^GSPC) inched up 0.09% to close at 6,618, while the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.10% to finish at 22,018. Within consumer electronics, industry peers Microsoft (NASDAQ:MSFT) closed at $372.29 (-0.16%) and Alphabet (NASDAQ:GOOGL) ended at $305.46 (+1.82%) as investors weighed AI and hardware roadmaps. Apple shares dropped following a report from Tokyo-based Nikkei Asia about engineering issues with its foldable iPhone. However, the shares trimmed losses after Bloomberg reported that the device is still set to debut in September. Investors jumped to get ahead of any potential official announcements of shipment delays amid high expectations for a key premium phone offering. Continue reading
Wall Street's major averages closed mixed on Tuesday, with the S&P 500 ( SP500 ) and the Nasdaq Composite ( COMP:IND ) ending higher after reports that Pakistan is mediating a two-week ceasefire deal between the U.S. and Iran. The benchmark S&P 500 ( SP500 ) closed +0.1%, while the Nasdaq Composite ( COMP:IND ) ended +0.1%, and the blue-chip Dow ( DJI ) finished -0.2%. Here are the 3 stocks to wat...
Wall Street's major averages closed mixed on Tuesday, with the S&P 500 ( SP500 ) and the Nasdaq Composite ( COMP:IND ) ending higher after reports that Pakistan is mediating a two-week ceasefire deal between the U.S. and Iran. The benchmark S&P 500 ( SP500 ) closed +0.1%, while the Nasdaq Composite ( COMP:IND ) ended +0.1%, and the blue-chip Dow ( DJI ) finished -0.2%. Here are the 3 stocks to watch on the day: Levi Strauss & Co. ( LEVI ) rallied 6.0% in postmarket trading to $20.89 after beating estimates with its first-quarter earnings report. The apparel company reported consolidated net revenue up 14% on a reported basis and 9% higher organically, with particular strength in its Beyond Yoga business, which saw organic revenue growth of 23%. Management raised full-year guidance, now expecting EPS in the range of $1.42 to $1.48. Algoma Steel ( ASTL ) rallied 5.2% into Tuesday’s close after announcing it formed a joint venture with Canadian defense manufacturer Roshel to establish a center for ballistic steel production. The Roshel Algoma Defence JV will enable sovereign production of ballistic steel solutions to support defense procurements, including light utility vehicles, the Domestic Arctic Mobility Enhancement program, ships, and submarines. GoPro ( GPRO ) announced a restructuring plan that includes a workforce reduction of approximately 145 employees, or roughly 23% of its staff, as the action camera maker works to lower operating costs and improve leverage. The company expects to incur charges of $11.5 million to $15 million related to severance payments and healthcare benefits, with job cuts expected to be substantially completed by year-end. More on GoPro, Levi Strauss, etc. Levi Q1 Earnings Preview: Watching For Sales Growth Beyond Jeans Levi Strauss: I Don't Like Their Growth But I Like The Business And I Can Leverage Growth Algoma Steel Group Inc. (ASTL) Q4 2025 Earnings Call Transcript GoPro cutting workforce by 23% as part of restructuring Algoma St...
Kura Sushi (KRUS) delivered earnings and revenue surprises of +57.90% and +2.67%, respectively, for the quarter ended February 2026. Do the numbers hold clues to what lies ahead for the stock?
Kura Sushi (KRUS) delivered earnings and revenue surprises of +57.90% and +2.67%, respectively, for the quarter ended February 2026. Do the numbers hold clues to what lies ahead for the stock?
The dollar index (DXY00 ) on Tuesday fell by -0.11%. The dollar was under pressure on Tuesday on concerns that the lingering Iran war could lead to a spike in energy prices that derail the economy. Losses in the dollar were limited after US Feb capital goods new orders nondefense...
The dollar index (DXY00 ) on Tuesday fell by -0.11%. The dollar was under pressure on Tuesday on concerns that the lingering Iran war could lead to a spike in energy prices that derail the economy. Losses in the dollar were limited after US Feb capital goods new orders nondefense...
May WTI crude oil (CLK26 ) on Tuesday closed up +0.54 (+0.48%), and May RBOB gasoline (RBK26 ) closed down -0.0030 (-0.09%). Crude oil and gasoline prices settled mixed on Tuesday, with crude oil posting a 4-week nearest-futures high. Crude prices rose on concerns that the war in Iran will...
May WTI crude oil (CLK26 ) on Tuesday closed up +0.54 (+0.48%), and May RBOB gasoline (RBK26 ) closed down -0.0030 (-0.09%). Crude oil and gasoline prices settled mixed on Tuesday, with crude oil posting a 4-week nearest-futures high. Crude prices rose on concerns that the war in Iran will...
“This is why you guys come to these games,” Vincent Kompany had said, and here especially. For the quality, the chaos, and the goals, the noise, the drama and the history that invades every moment, even when it seems to be finally left behind. Another wild night at the Santiago Bernabéu seemed to have set up for another barely believable finish, another of those crazy comebacks, but in the end Bay...
“This is why you guys come to these games,” Vincent Kompany had said, and here especially. For the quality, the chaos, and the goals, the noise, the drama and the history that invades every moment, even when it seems to be finally left behind. Another wild night at the Santiago Bernabéu seemed to have set up for another barely believable finish, another of those crazy comebacks, but in the end Bayern Munich held on, setting up what is sure to be a special second leg instead. Goals from Luis Díaz and Harry Kane had given Bayern a 2-0 lead here and at that stage there was an authority about them that had seemed incontestable, but Madrid it seemed always have a response and a Kylian Mbappé goal brought about a revival, a rebellion that threatened to secure a draw. But there was Bayern’s 40-year-old goalkeeper Manuel Neuer to keep them at bay, just. Continue reading...
Elon Musk said any damages he may win during his upcoming trial against OpenAI should be awarded to the artificial intelligence startup’s nonprofit, rather than to himself. Musk said in a Tuesday court filing that the goal of his lawsuit is to “unwind OpenAI’s for-profit conversation and restructuring” and return any funds used for that effort to OpenAI’s charitable arm. He said he plans to seek a...
Elon Musk said any damages he may win during his upcoming trial against OpenAI should be awarded to the artificial intelligence startup’s nonprofit, rather than to himself. Musk said in a Tuesday court filing that the goal of his lawsuit is to “unwind OpenAI’s for-profit conversation and restructuring” and return any funds used for that effort to OpenAI’s charitable arm. He said he plans to seek a court order restoring the firm’s status as a nonprofit research organization. “The remedies Musk intends to seek are strictly tied to his purpose in bringing this lawsuit: to prevent the subordination of a public charity — one he co-founded and for which he was the primary supporter during its formative years — to private, for-profit interests,” he said in the filing. Starting later this month, Musk is set to face off against OpenAI and Microsoft Corp. in front of a jury over his claims that the startup abandoned its founding mission when it took billions of dollars in backing from the software stalwart and planned its restructuring. Previously, Musk indicated that he planned to seek as much as $134 billion in damages from OpenAI and Microsoft. Read More: OpenAI Calls for Investigation Into Musk by California, Delaware Musk’s filing was reported earlier by the Wall Street Journal. It comes a day after Jason Kwon , chief strategy officer at OpenAI, urged the attorneys general of California and Delaware to investigate Musk for potential “improper and anti-competitive behavior” in his efforts to block the firm’s restructuring. Musk co-founded OpenAI with Sam Altman and others in 2015, but the former business partners have become bitter foes in recent years. Musk left OpenAI’s board in 2018 and in 2023 co-founded the artificial intelligence company xAI, which has become one of OpenAI’s main rivals. Last February, OpenAI rejected Musk’s unsolicited bid to acquire the assets of the nonprofit that controls the company for $97.4 billion. Months later, the company completed its for...
Oncoclinicas do Brasil Servicos Medicos SA is considering seeking emergency protection from creditors as financial pressures mount, according to people familiar with the matter. The Brazilian operator of cancer treatment centers is at risk of breaching some of its debt covenants, and the request for temporary protection could happen in the coming days, the people said, asking not to be identified ...
Oncoclinicas do Brasil Servicos Medicos SA is considering seeking emergency protection from creditors as financial pressures mount, according to people familiar with the matter. The Brazilian operator of cancer treatment centers is at risk of breaching some of its debt covenants, and the request for temporary protection could happen in the coming days, the people said, asking not to be identified discussing a private matter. The timing and structure are still being discussed and could change, they said. The news was reported earlier by local paper Valor Economico. One possible route would be a precautionary mediation with so-called CRI creditors, who hold a type of Brazilian real estate receivables security, as opposed to a broader precautionary filing, the people said, cautioning that no decision has been made yet. Treatment delays have increased as the company undergoes a downsizing process, one of the people said. The company is adjusting staffing levels and its network of clinics, and has cut about 70 jobs in the past couple of weeks. Oncoclinicas declined to comment. The treatment center operator is among a group of Brazilian health companies looking to reduce debt after a period of aggressive expansion. Double-digit interest rates have further complicated the industry’s outlook. The company doesn’t have global bonds and its debt is denominated in local currency, according to data compiled by Bloomberg. Recent weeks have brought a string of negative developments in Brazilian corporate debt, with Raízen SA and Cia. Brasileira de Distribuição entering out-of-court restructurings, and Alliança Saúde seeking temporary creditor protection. The move would come at a delicate time for Oncoclinicas, with investors raising concerns about potential conflicts of interest and governance practices. This is in part due to Oncoclinicas’ ties to Banco Master, a failed Brazilian bank that was recently liquidated after irregular financial operations were exposed. Read more: Brazi...
Apple joined Amazon, Microsoft, and Anthropic in Project Glasswing, a new AI powered cybersecurity initiative, signaling deeper collaboration on digital protection for users and enterprises. Engineering issues reported around Apple's first foldable iPhone are raising the prospect of launch delays, potentially pushing back its entry into the foldable handset segment. In China, the Supreme People's ...
Apple joined Amazon, Microsoft, and Anthropic in Project Glasswing, a new AI powered cybersecurity initiative, signaling deeper collaboration on digital protection for users and enterprises. Engineering issues reported around Apple's first foldable iPhone are raising the prospect of launch delays, potentially pushing back its entry into the foldable handset segment. In China, the Supreme People's Court rejected Apple's appeal to invalidate Xiao I Corporation's AI patents, confirming Xiao I's...