AI boom: Big Tech capital expenditures now seen topping $1 trillion in 2027
The overall cost has been causing heads to spin, but analysts say they’re seeing flowthrough from investments to revenue.
Apple execs to talk China and tariffs, but will avoid discussing foldable iPhone, per traders on Kalshi
Apple is set to report earnings after the bell on Thursday, with its conference call scheduled for 5:00 pm ET.
Apple’s stock has gone nowhere for 6 months. Traders expect a wild ride Thursday night
Implied volatility in the stock suggests a 3.5% swing after earnings tonight, compared to an average move of just 1.8% following the last four quarterly reports.
Apple revenue guidance tops estimates on booming iPhone, Mac demand
Apple reported 17% revenue growth, topping estimates, even as iPhone sales came up short.
Hershey says GLP-1s are driving higher gum and mint sales
Sales of Hershey’s Ice Breakers rose 8% in the first quarter, thanks to the trend.
California gas prices hit $6 per gallon as fuel costs jump nearly 30 cents in a week across the U.S.
Fuel costs are rising after it gas became clear that Iran is not reopening the Strait of Hormuz, one of the most important oil export corridors in the world.
Bank of England faces the ‘most difficult combination,’ says governor Bailey as energy prices soar
Bank of England policymakers must contend with the “most difficult combination” of economic effects, according to governor Andrew Bailey
Boaz Weinstein’s activist investor Saba seizes control of UK tech fund after bitter SpaceX feud
The Edinburgh Worldwide Investment Trust conceded defeat to the Boaz Weinstein’s activist fund on Thursday.
Core inflation rate hit 3.2% in March as first-quarter growth disappointed at 2%
Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Fed.
European Central Bank keeps rates on hold in the face of inflation threat
The ECB’s governing council opted to hold its benchmark deposit facility rate at 2% on Thursday.
