If you were hoping for an all-glass iPhone, a new report from Barron’s might shatter that dream. The financial news source reports that Jefferies analyst Edison Lee believes development on an all-glass mobile device has come to a halt. According to the report, Lee thinks the device was canceled because of “poor production yield,” or
SpaceX grew revenue 92% to $7.8 billion in the second quarter, powering past Wall Street’s consensus estimate of approximately $6.9 billion in what marks the rocket-and-connectivity giant’s first earnings report since its June debut on the Nasdaq. The company reported a net loss of $541 million, or 9 cents a share—a marked improvement from a
All hail Peter Parker. Sony and Marvel’s web-slinging adventure “Spider-Man: Brand New Day” climbed to $927 million globally, a mind-blowing, jaw-dropping and totally epic opening weekend haul. Few films manage to earn that much by the end of their box office runs, much less after three days on the big screen. It’s the second-largest worldwide
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. The company had called the demand spike an “unprecedented
When one of my most anticipated trips turned out to be one of my most frustrating, it was entirely my own fault. I travel professionally for a living, but I still get caught up in excitement and unrealistic expectations when planning. Like many travelers, I’d been dreaming of Greece for years. I watched “Mamma Mia,”
Stop me if you’ve heard this before: An AI-linked company crushed earnings forecasts, but investors weren’t impressed and the stock sank anyway. It turns out that the market was more focused on the company’s extravagant spending plans. A tough shot, right? Well, it’s been happening with some regularity, including twice this month. Taiwanese chipmaker TSMC