Apple delivered its largest quarter by revenue of all time on Wednesday at $111.4 billion in its first-quarter earnings report for fiscal 2021. It’s the first time Apple crossed the symbolic $100 billion mark in a single quarter, and sales were up 21% year over year.   Apple stock dropped 2% in extended trading. Apple’s results for the quarter ending in December weren’t just driven by 5G
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The wild trading involving GameStop shares presents a broader threat to the U.S. equity market, the chief securities regulator in Massachusetts told CNBC on Wednesday. “The marketplace should be a place where risk is taken, but not reckless risk and not a situation that undermines the system, and that’s what we’re looking at here,” Massachusetts
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Ariana Drehsler | AFP | Getty Images A shift in federal health-care policy appears to be underway. As early as Thursday, President Joe Biden is expected to issue executive orders to temporarily reopen the health insurance exchanges, according to The Washington Post, and to address roadblocks encountered when low-income households try to access Medicaid. Although
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By Katie FalkinghamBBC Sport Last updated on 2 hours ago2 hours ago.From the section Cycling BBC Sport’s ‘Generation Next’ follows a group of inspirational young athletes, from a range of backgrounds and sports, as they bid to become our next sporting superstars. Elynor Backstedt was just two when, perched on her grandfather’s shoulders, she watched
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West Virginia Gov. Jim Justice lauded his state’s coronavirus vaccine distribution success, and claimed that if the Mountain State had the “doses by Valentine’s Day, every person in this state, 65 years of age and older, would be vaccinated.”  West Virginia has spent the past three weeks as either the number one or number two
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Tesla reported earnings after the bell and it’s a miss on earnings, but another profitable quarter for Elon Musk’s electric vehicle and solar business. Shares were down about 3% after hours. Here are the results, versus what analysts were expecting according to estimates compiled by Refinitiv: Earnings: 80 cents adj. vs $1.03 per share expected Revenue: $10.74
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Institutional Investor Hall of Famer Richard Bernstein warns retail investors will pay a big price for getting caught up in speculative trades. Bernstein, who has spent decades on Wall Street, cites the democratization of the market as a critical contributor to the excessive euphoria. He worries naiveté will ultimately put amateurs in difficult positions. “Bubbles show
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Signage stands in a GameStop Corp. store in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images It’s the stock rally no one quite predicted. In recent years, GameStop, a video game retailer, has been shrinking its retail presence by closing hundreds of stores. Yet this week, its stock popped dramatically. On Wednesday, GameStop shares
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