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P&G’s stock falls after a sales miss, as baby and health-care volumes declined
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Fortinet’s stock falls 9% after cybersecurity company’s quarterly billings drop
Shares of Fortinet Inc. fell 9% in the extended session Thursday after the cybersecurity company reported a better-than-expected first quarter and guidance that went beyond Wall Street forecasts, but billings were slightly off the mark.MarketWatch - Business -
Apple’s revenue falls less than feared despite rocky start to the year
Tech giant’s shares rise as executives project optimism about the coming months and announce $110bn stock buybackFinancial Times - Business -
Apple's quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news
Apple has posted its steepest quarterly decline in iPhone sales since the pandemic’s outsetABC News - Tech -
Apple Sales Fall as iPhone, China Businesses Remain Sluggish
The iPhone maker authorized $110 billion in share buybacks and forecast a return to revenue growth in the current quarter.The Wall Street Journal - Tech - Apple -
Apple Reports Decline in Sales and Profit Amid iPhone Struggles in China
The company continues to lean on customers’ appetite for apps and services, as demand for its devices weakens.The New York Times - Top stories - Apple -
FirstFT: Apple sales beat expectations despite China decline
Also in today’s newsletter, a Hong Kong insider trading case, and US law firm Mayer Brown to hive off China operationsFinancial Times - World - China -
Cloudflare’s stock is tanking after revenue outlook disappoints investors
Cloudflare Inc.’s stock was free-falling in extended trading Thursday, following a quarterly report that was largely in line with analyst estimates but included a revenue outlook that fell short.MarketWatch - Business -
Sanders calls for free public college to boost minority health care workforce
Sen. Bernie Sanders (I-Vt.) suggested Thursday the cancellation of all student debt and making public colleges and universities free would help solve the country’s shortage of Black, Latino and Native American health care workers. “In my view, ...The Hill - Politics
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Airbnb is debuting an ‘Up’ house that levitates and 10 other pop-culture-themed rentals
After its ”Barbie” Malibu Dreamhouse house last year lit up the internet, Airbnb Inc. wants to make going viral a more regular thing.MarketWatch - Business -
Northrop Grumman gets B-2 bomber contract with $7 billion ceiling
Northrop Grumman Aerospace Systems received a contract with a ceiling of $7 billion to modernize and sustain U.S. Air Force B-2 aircraft.MarketWatch - Business -
‘I see my greedy in-laws as misogynists’: I was a stockbroker in the 1980s and always kept my money separate from my husband’s. Is such self-protection justified?
“The biggest surprise when we got married was that my husband’s family saw me as a paycheck, even though they are all educated.”MarketWatch - Business -
GameStop stock climbs 17% for biggest gain since November, sparks memories of ‘crazy’ meme volatility
GameStop Corp. shares ended Thursday’s session up 17% as the videogame retailer and original meme stock registered its biggest daily percentage gain since Nov. 29, 2023, when it rose 20.46%, according to Dow Jones Market Data.MarketWatch - Business -
Expedia cuts outlook, as efforts to get Vrbo back on track go slower than expected
Shares of Expedia Group Inc. fell after hours on Thursday, after the travel-booking platform cut its sales outlook for the year, as efforts to recharge vacation-rental site Vrbo progressed more slowly than expected after a tech-related overhaul.MarketWatch - Business