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Apple reports slumping iPhone sales as global demand weakens
iPhone sales fell 10% compared with the same time period last year, but the company still beat Wall Street’s expectations. Apple released its earnings report on Thursday, revealing a drop in overall revenue fueled by slackening iPhone sales.. ...The Guardian - World - Apple -
Sony and Apollo approach Paramount Global with $26bn bid outline
Expression of intent comes a day before exclusivity window is due to close for rival Skydance MediaFinancial Times - Business -
A scroll for the king, a website for the people: Coronation document to be released digitally
It is a record fit for a king, but it’s going online for everyone to seeABC News - World -
More than 2,000 people arrested nationwide in pro-Palestinian campus protests
The clashes between police officers and pro-Palestinian protesters on college campuses have seized national attention.NBC News - Top stories -
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 -
Forget AI. Apple’s plan to restore confidence is a $110 billion stock buyback.
It’s been a rough year, but Apple shows confidence in itself and investors approve — for now.MarketWatch - Business -
IRS says audits for rich people and corporations are about to hit a whole new level. Buckle up.
The tax agency announced goals Thursday in an effort to show what it’s doing to maximize the billions of dollars provided by the Inflation Reduction Act.MarketWatch - Business -
Tiffany Haddish goes to the extreme over online trolls: 'I have called people, honey'
Don't tempt fate by trolling Tiffany Haddish online. She will hunt you down: 'Sometimes, I get so mad that I'll get they phone number and I'll just call them.'Los Angeles Times - Entertainment -
4 children among 6 people wounded in a drive-by shooting in Texas, police say
Four children are among six people wounded in a drive-by shooting at a Fort Worth, Texas, apartment complex, according to police.NBC News - Top stories -
Mexican cops find tents, question people in the case of 2 Australians, 1 American missing in Baja
Mexican authorities have found tents and questioned three people in the case of two Australians and an American who went missing over the weekend in the Pacific coast state of Baja CaliforniaABC News - World -
Nearly half of people arrested at NYC campus protests were not students, officials say
Police mass at UCLA as protesters defy order to leaveNBC News - Top stories -
Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%
Apple CEO Tim Cook told CNBC that quarterly sales suffered from a difficult comparison to the year-earlier period.CNBC - Business - Apple -
Apollo Raised $40 Billion in First Quarter, Eyes New Debt Vehicle for Individuals
The alternative-asset manager’s earnings rose as investors flocked to private-debt funds.The Wall Street Journal - World -
Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says
Sony Pictures and Apollo Global Management have expressed interest in buying Paramount Global for $26 billionABC News - Entertainment -
Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid
Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter.NBC News - Top stories -
Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. Elevated costs have come with it.
A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.MarketWatch - Business -
Would You Still Use Google if It Didn't Pay Apple $20 Billion to Get on Your iPhone?
A US judge who will decide Google’s fate in a historic antitrust trial suggested it was “odd” for the company to say it has the best search engine but also pay Apple billions to lock out rivals.Wired - Tech - Google