Apple’s services unit is now a $100 billion a year juggernaut after ‘phenomenal’ growth
Apple’s services business has become a critical part of the company’s appeal to Wall Street over the past decade.
Amazon’s cloud unit records highest profit margin in at least a decade
Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.
Friday’s jobs report is expected to show the slowest pace of hiring in years
Economists expect the Bureau of Labor Statistics to report that payrolls expanded by just 100,000 on the month.
Comcast’s potential cable networks separation will test the appetite for media reconfiguration
If Comcast moves forward with its idea of spinning off NBCUniversal’s cable networks, it could begin a rollup throughout the media industry.
Intel shares jump 7% on earnings beat, uplifting guidance
Intel reported better-than-expected earnings following a quarter filled with challenges.
OpenAI CEO Sam Altman says new AI model is taking a while because ‘we can’t ship’ as quickly as hoped
OpenAI CEO Sam Altman said that GPT-5, the company’s next probable large AI model, likely won’t come this year.
Microsoft’s stock has worst day in two years after disappointing forecast
Microsoft’s stock fell more than 6% on Thursday after guidance fell short of analysts’ estimates.
OpenAI launches ChatGPT search, competing with Google and Microsoft
OpenAI on Thursday launched ChatGPT search, positioning the company to better compete with search engines like Google, Microsoft’s Bing and Perplexity.
Ford to halt production of electric F-150 Lightning next month until January
Ford plans to halt production of the F-150 Lightning until January to address high inventories and reduce losses of the all-electric pickup trucks.
Amazon shares pop on earnings beat, cloud growth
The company’s cloud and advertising units showed strong growth.
