Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
Markets closed higher after Microsoft hit a record best day since 2008, adding momentum for other large-cap technology and AI-linked names including Oracle, Alphabet, and Tesla.
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The iPhone maker topped Wall Street targets for its fiscal third quarter ended June 27, but its revenue outlook indicated softness, dragging sentiment for the quarter ahead.
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A move highlighted in market coverage suggests Morgan Stanley sees improving odds for near-term drivers in CRISPR Therapeutics, as investors watch what comes next in the company’s pipeline and regulatory pathway.
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In a market-focused comparison covered by TheStreet, an analyst suggested Palantir and SpaceX can be viewed through a similar “stake” lens as Bitcoin, despite the assets operating in unrelated markets.
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On an earnings-call update shared Tuesday, Apple Chief Executive Tim Cook pointed to major milestones in Apple’s US manufacturing footprint, alongside results that included a best-ever June quarter and accelerating iPhone revenue growth.
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Tesla has filed a federal lawsuit against Angstrom Automotive Group, saying it cannot access specialized tooling required to keep Cybertruck production moving and is seeking emergency court relief.
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The payments network reported higher profit for its second quarter, according to a market-news dispatch. The post did not provide a full breakdown of revenue, margins, or year-over-year drivers.
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A new report highlighted how card “swipe” fees have climbed since the pandemic era and suggested costs are being pushed onto customers, drawing fresh attention to the payments networks’ revenue model.
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Both companies reported higher revenue in their latest quarterly results and beat Wall Street expectations, a performance that came as investors appeared to rotate back toward select technology stocks.
