Apple Tops Q2 Earnings Estimates On Strong iPhone, China Sales
(Yahoo! Finance) - Apple (AAPL) reported its second quarter earnings on Thursday, topping analysts’ estimates on the top and bottom lines on strong iPhone sales.
Apple stock rose roughly 1% on the news.
For the quarter, Apple saw earnings per share (EPS) of $2.01 on revenue of $111.2 billion. Analysts were anticipating EPS of $1.96 and revenue of $109.66 billion, according to Bloomberg analyst consensus estimates.
Berkshire’s Ailing Share Price Clouds Abel’s First Annual Meeting As CEO
(Bloomberg) - Days before his first annual meeting as the chief executive officer of Berkshire Hathaway Inc., Greg Abel is facing a problem that seldom confronted his legendary predecessor: a floundering stock price.
'Magnificent 7' Earnings Rush Reveals AI Spending Surge, With Hyperscaler Capex Set To Reach $725 Billion In 2026
(Yahoo! Finance) - The biggest companies making the biggest artificial intelligence investments signaled Wednesday that they’re not done raising their investment ambitions to meet this moment.
Gold Continues To Command A Constructive Outlook Among Leading Wealth Managers
Despite a pullback from levels reached ahead of the recent US–Iran tensions, gold continues to command a constructive outlook among leading wealth managers. For RIAs and wealth advisors focused on portfolio resilience and long-term asset allocation, the current environment reinforces gold’s role as a strategic diversifier rather than a tactical trade. Lombard Odier, alongside several global peers, maintains an overweight allocation to gold, complemented by a continued preference for emerging market equities and a neutral stance on fixed income.
FSI Submits Comment Letter On DOL’s 2026 Independent Contractor Rule Proposal
(Financial Services Institute) - Today, the Financial Services Institute (FSI) submitted a comment letter to the Department of Labor (DOL) in support of the Department’s independent contractor rule proposal.