NEW YORK (AP) – Corporate earnings from big U.S. companies and closely-watched jobs reports are among the key updates for Wall Street this week. The latest batch of profit updates and forecasts could help give investors a clearer picture of how and where households are spending money amid stubbornly high inflation.
Apple posted a solid fiscal third quarter on Thursday, climbing past Wall Street’s expectations thanks to strong sales of the iPhone and MacBook computers. Apple raised the prices of its Macs and iPads last month, citing a memory-chip shortage brought on by the artificial intelligence boom.
TOKYO (AP) – The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan’s finance minister confirmed both sides had intervened in markets.
Editorials from The Wall Street Journal, The Washington Post, The Guardian and others
NEW YORK (AP) – President Donald Trump knows the world hangs on his every word. Now he wants you to pay for it. The social media posts of the world’s most powerful man are going on sale Saturday when his Truth Social business begins offering sneak peeks of them to Wall Street traders willing to pay up.
Anthropic said its artificial intelligence models hacked into three other organizations during testing, just days after ChatGPT maker OpenAI raised concerns over AI controls after it disclosed its rogue models hacked another company.
TOKYO (AP) – Sony Group Corp. reported a 32% profit growth in the fiscal first quarter Friday while warning of a negative impact from the earthquake that hit southwestern Kumamoto earlier this week.
HONG KONG (AP) – China’s factory activity unexpectedly slowed in July, the first such contraction in five months, weighing on the pace of broader growth for the world’s second-largest economy. The official manufacturing purchasing managers index, or PMI, fell to 49.2 from 50.3 in June, China’s National Bureau of Statistics said Friday.
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