Apple’s Mac shipments fall more than 40%, worse than major rivals
The year-over-year fall is the worst performance of the top five PC manufacturers and comes amid fears of a recession and weakened consumer demand, IDC said.
Financial News
Microsoft’s $13 billion bet on OpenAI carries huge potential along with plenty of uncertainty
Microsoft’s partnership with OpenAI could mean billions of dollars a year in new revenue, but the investment structure is complicated.
Lawmakers meet with Apple, Disney CEOs as part of talks on competition with China
The trip highlights the key role tech and media industries play in the U.S.’s increasingly complex relationship with China.
S&P 500 futures and Treasury yields gain on Friday as March labor report shows resilient economy
Friday’s jobs report runs counter to that weak data and is likely to divide investors.
A hidden time bomb? A ‘Big Short’ investor sees financial disaster brewing in housing markets
Dave Burt, CEO of investment research firm DeltaTerra Capital, believes an overlooked climate risk could see history repeating itself in the housing market.
An emboldened NATO provides a bittersweet moment for war-torn Ukraine
As Finland’s flag was hoisted at NATO’s headquarters in Brussels, officially marking its entry to the military alliance, it was a bittersweet moment for Kyiv.
Finland officially becomes a member of NATO, doubling the military alliance’s border with Russia
It’s a historic moment for Finland, which has followed a path of neutrality for decades.
OPEC+ just made the Fed’s job more complicated. Here’s why they did it — and what could be next
Several OPEC+ members’ decision to further cut oil supplies adds to the global challenge of reining in firm inflation rates.
Here’s what went wrong with Virgin Orbit
Virgin Orbit is on the brink of bankruptcy after last-ditch efforts to secure funding failed.
It’s the U.S., not Europe’s banking system that’s a concern, top economists say
Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in its banking system, several economists and policymakers say.