Apple profits top estimates even as competition dents China iPhone sales

Apple disables AI notifications for news in its beta iPhone software

An Apple spokesperson told CNBC that Apple was working on improvements to the software that are coming in a future update.

CNBC - Jan. 17

Apple has worst day since August following reports of China, AI struggles

Apple reports December quarter results on Jan. 30.

CNBC - Jan. 16

Apple slides on disappointing iPhone data in China. Here's why we're not panicking

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

CNBC - Jan. 16

Target says its holiday sales were better than expected — but its profits weren't

The big-box retailer's report indicates that deals and promotional events motivated shoppers.

CNBC - Jan. 16

Bank of America tops estimates on better-than-expected investment banking, interest income

The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.

CNBC - Jan. 16

Morgan Stanley tops estimates on strong equities and fixed income trading revenue

The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.

CNBC - Jan. 16

TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand

TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.

CNBC - Jan. 16

Apple loses smartphone crown in China as Vivo and Huawei outsell iPhone

US tech giant faces competition on mainland as it struggles to introduce AI features on its flagship product

Financial Times - Jan. 16

Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength

The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.

CNBC - Jan. 15

Goldman Sachs shares rise after topping estimates on strong trading results

Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.

CNBC - Jan. 15

China Officials Discuss Option of TikTok Sale to Elon Musk

Beijing officials preparing options for after Donald Trump’s inauguration have examined possible openness to a deal for TikTok’s U.S. operations with the owner of X.

The Wall Street Journal - Jan. 14

Porsche China deliveries drop 28% as competition intensifies

Fall comes as consumers in world’s largest car market increasingly opt for domestic brands

Financial Times - Jan. 13

China corporate profits set for third year of declines

Oversupply drives intense competition that is undermining prices and profitability

Financial Times - Jan. 13

Estimated cost of Thames Water renationalisation questioned

Comparison with Bulb government loans gives exaggerated forecast, experts claim

Financial Times - Jan. 13

China's exports in December grew 10.7%, beating estimates amid uncertainty over trade tariffs

China’s exports in December grew at a faster pace than expected, as factories rushed to fulfill orders amid uncertainty over trade tariffs that could be imposed by U.S. President-elect Donald Trump

ABC News - Jan. 12

Stormers dent Sale's chances of qualification

Stormers cruise past Sale Sharks to claim a bonus-point victory and kickstart their Investec Champions Cup campaign in round three.

BBC News - Jan. 11

Apple's market share slides in China as iPhone shipments decline, analyst Kuo says

Analyst Ming-Chi Kuo wrote in a post on Friday that Apple is losing market share in China due to declining iPhone shipments.

CNBC - Jan. 10

Delta outlook tops estimates as CEO expects 2025 to be airline's 'best financial year in our history'

Delta's CEO said strong travel demand is driving revenue higher.

CNBC - Jan. 10

Even Trump Can’t Stop America’s Green Transition, Says Biden’s Top Climate Adviser

As he prepares to leave the White House, Ali Zaidi is sober about what’s coming—but says too much has already been built and invested for Donald Trump to undo it.

Wired - Jan. 10

Sainsbury's Christmas Sales Grew; Expects Profit in Line With Market Views

The grocer reported sales volume growth for the key Christmas period and expects to deliver retail operating profit for its fiscal year in line with market consensus.

The Wall Street Journal - Jan. 10

Xi to send top-level China envoy to Trump’s inauguration

Unusual diplomatic overture comes as Beijing braces for escalating tensions with new administration

Financial Times - Jan. 9

Indonesia says $1bn offer from Apple not enough to lift iPhone 16 ban

Minister says proposed AirTag factory would not help US tech giant meet local content rules on smartphone sales

Financial Times - Jan. 8

Samsung’s profit estimates disappoint as it fights for Nvidia’s AI business

Fourth-quarter earnings hit by greater investments in advanced chip manufacturing

Financial Times - Jan. 8

Samsung Expects Further Profit Growth Slowdown, Missing Estimates

The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.

The Wall Street Journal - Jan. 7

While Apple negotiates Indonesia sales ban, another Chinese smartphone maker is entering the country

Huawei spinoff Honor announced Tuesday it is entering Indonesia and plans to launch its smartphones there by the end of March.

CNBC - Jan. 7

Backbone One iPhone And Android Controller Is 50% Off

Backbone One Gen 2 Mobile Controller (USB-C) $50 (was ...

GameSpot - Jan. 6

Trust as a Competitive Advantage

It’s a long game to build and maintain trust, involving partnership and strong relationships.

Inc. - Jan. 6

Germany to release inflation estimate for 2024

Yahoo News - Jan. 6

Tesla posted record China sales in 2024. But this year is going to be tough as competition heats up

Tesla faces fresh threats as Chinese automakers double down on domestic market in the face of hefty export tariffs in the U.S. and European Union.

CNBC - Jan. 6

Putin orders Russia's top bank to team up with China in AI push to challenge Western tech dominance

Yahoo News - Jan. 6

E-commerce giants jump on China's latest trade-in programme amid heated competition

Yahoo News - Jan. 4

Apple offers rare iPhone discounts in China as foreign smartphone sales drop

Apple Inc. has kicked off the new year with iPhone discounts in China, underlining the challenges facing the tech giant in one of the world’s most populous countries.

MarketWatch - Jan. 3

Foreign phone sales plunge 47% in China, spelling trouble for Apple

Apple is under pressure in China as a result of rising competition from domestic brands, in particular Huawei.

CNBC - Jan. 3

Apple offers holiday discount in China as Huawei competition heats up

Apple is facing heightened competition from a resurgent Huawei and other domestic brands.

CNBC - Jan. 3

China Adds to Sanctions of U.S. Defense Contractors Over Taiwan Arms Sales

Beijing sent a fresh warning to President-elect Donald Trump of the tools it can use to protect national interests.

The Wall Street Journal - Jan. 3

Wrexham's promotion hopes dented after defeat

Wrexham's promotion hopes took a hit on Wednesday as they dropped to third place in the League One table after succumbing to a 2-1 defeat to Barnsley.

ESPN - Jan. 2