Key Points: Boeing has reported an additional $125 million in losses due to delays with the Starliner spacecraft’s return from the ISS. The first crewed Starliner flight launched in June with NASA astronauts Butch Wilmore and Sunita Williams. Hardware issues,...
Key Points Third-quarter iPhone sales were better than expected, falling just 0.9% versus the anticipated 2.2% drop. Apple forecasts revenue growth in the fiscal fourth quarter similar to the 4.9% increase in April-June. Apple is set to launch a major software upgrade for iPhones this fall, incorporating AI features. Sales in China, Apple's third-largest market,...
Key Points Arm's conservative forecast caused a 16% share drop and sparked concerns about AI spending returns. Broader market declines included a 1.4% drop in the S&P 500 and a 2.3% drop in the Nasdaq. Intel slumped 13% after announcing workforce cuts and dividend suspension. Nvidia shares fell nearly 7% after a record one-day gain...
