Latest in Apple’s Quarterly Profit Down Because of Tax Payment in Europe
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Apple’s Quarterly Profit Down Because of Tax Payment in Europe
Sales for the iPhone maker were up 6 percent to to $94.93 billion. But a $14.4 billion tax bill cut profits that would have topped expectations.Tech - The New York Times - October 31 -
UK borrowing costs hit post-election high on eve of Reeves’ first Budget
Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990sBusiness - Financial Times - October 30 -
Wise chief executive fined £350,000 over ‘tax issues’
UK financial regulator says Kristo Käärmann breached conduct rules but clears him to continue in his jobBusiness - Financial Times - October 28 -
Apple Sales Hit Quarterly Record as iPhone Business Rebounds
Apple reported revenue reached an all-time high for the September quarter, propelled by a modest rebound in iPhone sales that came ahead of its release of new artificial-intelligence tools.Business - The Wall Street Journal - October 31 -
NatWest Lifts Guidance Again After Quarterly Profit Beat
The U.K. high-street bank raised its revenue and profit outlook for the second time this year after its third-quarter results topped market expectations, lifting shares to an over 13-year high.Business - The Wall Street Journal - October 25 -
BP reports lowest quarterly profit since pandemic on weak oil prices
Energy group pledges to review share buyback plan in February after latest $1.75bn repurchaseBusiness - Financial Times - October 29 -
DoorDash Posts First Quarterly Profit Since IPO, Launches Partnership With Lyft
DoorDash reported its first quarterly profit since going public in 2020, and launched a partnership with Lyft, as the two companies combine forces against common rival Uber.Business - The Wall Street Journal - October 30 -
Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimatesTech - ABC News - October 31 -
Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves
The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.Business - The Wall Street Journal - November 6 -
Sony raises guidance on gaming strength, quarterly operating profit beats estimates
Sony raised sales guidance for the full year and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.Business - CNBC - November 8 -
Warner Bros. Discovery Swings to Quarterly Profit on Strong Streaming Growth
The entertainment company swung to its first quarterly profit in more than two years after it posted better-than-expected growth in streaming subscribers.Business - The Wall Street Journal - November 7 -
Netflix Europe offices raided in tax fraud probe
The raid is part of an investigation in France and the Netherlands that began in November 2022.Top stories - BBC News - November 5 -
Why does the NFL keep exporting its worst games to Europe? Because it can
The NFL has staged 42 games in Europe since 2007. Of those, only two have been between teams with winning records.Sports - Yahoo Sports - November 8 -
CFPB expands oversight of digital payments services including Apple Pay, Cash App, PayPal and Zelle
The most popular apps covered by the rule collectively process more than 13 billion consumer payments a year, the CFPB said.Business - CNBC - 2 days ago -
CFPB expands oversight of digital payments services including Apple Pay and Cash App
The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps.Top stories - NBC News - 2 days ago -
Apple warns future products may never be as profitable as iPhone
Analysts say artificial intelligence and virtual reality headsets might have lower margins than smartphones and App StoreBusiness - Financial Times - November 5 -
Gen Z turning down jobs because of expensive commutes, rent: Report
A new survey found that modern price tags are making it hard for some to accept job offers.Politics - The Hill - November 4 -
Novo Nordisk shares jump 8% after Wegovy sales beat expectations
Novo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance.Business - CNBC - November 6 -
UK’s rising fiscal burden narrows tax gap with Europe
Britain’s fiscal picture is closer to EU averages than it has been for decadesBusiness - Financial Times - October 30 -
Why did so many die in Spain? Because Europe still hasn't accepted the realities of extreme weather | Friederike Otto
Severe flooding is, unfortunately, inevitable. What isn’t inevitable is how ready we are, from early warning systems to emergency services. Friederike Otto is a climatologist and co-founder of ...World - The Guardian - November 4 -
Trump doubles down on replacing income taxes with tariffs in Joe Rogan interview
Vice President Kamala Harris has attacked the tariff policy proposed by Donald Trump, calling it effectively a "sales tax" on Americans.Business - CNBC - October 26 -
First minister 'calm down' plea on farm tax row
Wales' first minister says only a "tiny proportion" of farms in Wales hit by inheritance changes.Top stories - BBC News - November 14 -
Broncos assistant head coach Mike Westhoff steps down because of vision problems
Denver Broncos assistant head coach Mike Westhoff has resigned because of problems with his visionSports - ABC News - November 13 -
Two powerful banking regulators say they won’t step down just because Trump won
Two of the U.S. government’s most powerful banking regulators have said that they have no plans to step down, in response to pointed questions about their futures under a Trump administration from ...Business - MarketWatch - 3 days ago -
Apple sales rise 6%, company seeing early iPhone 16 demand
Apple reported earnings after the bell. Here are the results.Business - CNBC - November 1 -
My boyfriend struggled to come up with a down payment when we bought our house. I have $50K in investments. Was I wrong to keep this to myself?
“I could have cashed out my investments to get us closer to a 20% down payment.”Business - MarketWatch - November 3 -
Small UK pub owners look overseas after Budget tax rises sap profits
Cluster of hospitality operators cancel British investments and divert spending to continental Europe insteadWorld - Financial Times - November 14 -
Warren Buffett continued to sell down his Apple stake, cutting about a quarter in the third period
The Oracle of Omaha downsized Apple — his biggest equity holding — for a fourth quarter in a row.Business - CNBC - November 4 -
Berkshire’s Apple position now down by two thirds in 2024 after latest sales
Warren Buffett’s Berkshire Hathaway unloaded 25% more of its Apple position during the third quarter.Business - MarketWatch - November 2 -
Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier
Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenuesWorld - ABC News - November 5 -
Patagonia's profit giveaway sought to turn capitalism upside down — but it hasn't been stress-free
The outdoor apparel brand's restructuring — a pivotal moment in its history — has not been without its challenges.Business - CNBC - November 6 -
Chris Mason: Labour facing test from farmers who feel let down by inheritance tax plan
Starmer's farmer-alarmer in the Budget could crystalise anger over ministers’ perceived ignorance about agricultural life.Top stories - BBC News - 6 days ago
