Apple's gross margin hits record as services business keeps growing
As services become a bigger part of Apple's business, the company continues to deliver higher profit margins for investors.
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Intel issues weak forecast, but beats on fourth-quarter results
Intel said seasonality, competition and an uncertain economy are resulting in challenges to its business.
OpenAI in talks to raise funding that would value AI startup at up to $340 billion
SoftBank would contribute as much as $25 billion to OpenAI's funding round and become the largest investor.
UPS shares tank 14% after weak guidance, plan to slash Amazon deliveries by more than half
UPS has shifted away from less-profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.
Apple shares rise as boost in services revenue overshadows iPhone miss
Although Apple's overall sales rose during the quarter, the company's closely watched iPhone sales actually declined slightly on a year-over-year basis.
Crypto super PAC Fairshake has $116 million on hand to grow industry's influence in 2026 election
Major backers like Coinbase, a16z, Jump Crypto, Uniswap Labs, and Ripple Labs have doubled down on their commitment to electing pro-crypto candidates.
IBM rallies 13%, notches best day since 2000 on strong earnings
CEO Arvind Krishna said the company posted $5 billion in bookings for its generative AI segment.
Microsoft stock slumps more than 6% on disappointing revenue outlook
Microsoft shares dropped 6% despite topping fiscal second-quarter estimates due to weak guidance.
OpenAI partners with U.S. National Laboratories on scientific research, nuclear weapons security
OpenAI on Thursday said it's signed a partnership allowing the U.S. National Laboratories to use its latest line of AI models.
Extreme demand took down LA's water system during the Palisades Fire. Here's how other U.S. cities can prepare
Some 20% of hydrants failed during the fight to save the Pacific Palisades from LA's massive fire on Jan. 7. Here's how other U.S. cities can better prepare.
DeepSeek's AI claims have shaken the world — but not everyone's convinced
DeepSeek claims its R1 outperforms OpenAI's latest o1 model despite costing a fraction of the price the U.S. AI lab charges for its large language models.
Tesla reports $600 million bitcoin profit jump after digital assets rule change
A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.
Zuckerberg says Meta won't slow down AI spend despite DeepSeek's breakthrough
Meta CEO Mark Zuckerberg said China-based DeepSeek has created a powerful artificial intelligence model, but it won't likely curb Meta's AI spending.
Tesla's CFO says tariffs would 'have an impact' on company's profitability
Tesla's finance chief said on Wednesday that the company's profitability could take a hit if the new presidential administration implements tariffs.
Mark Zuckerberg starts Meta earnings call by praising Trump administration
Meta CEO Mark Zuckerberg praised the Trump administration during a call with investors on Wednesday.
Meta’s Reality Labs posts $5 billion loss in fourth quarter
Meta's Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth quarter.
IBM shares rise 9% on earnings beat
In a statement, IBM CEO Arvind Krishna said the company has recorded $5 billion in bookings for its generative AI business.
Amazon lays off 'small number' of employees in communications and sustainability units
Amazon laid off more than 27,000 employees in 2022 and 2023 and has continued making smaller cuts.
Microsoft shares slip on weak quarterly revenue guidance
Microsoft intends to address execution challenges in its key cloud unit, while continuing to endure supply constraints.
Meta shares pop after company beats on revenue
Meta reported earnings after the bell. Here are the results.
