Apple drops 9%, Amazon surges 14% after earnings

Amazon shares surged 14% on Friday while Apple dropped 9% as investors reacted starkly differently to their June quarter earnings reports. Both companies reported on Thursday after the bell. Apple’s earnings, revenue and iPhone sales were all above market expectations; however, the company issued weak guidance for the current quarter, citing “supply constraints.” Apple said…

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Louisiana pitches Gulf nuclear waste storage plan | Business News

Louisiana has pitched the federal government on a plan to store nuclear waste beneath the Gulf, part of a broader effort to attract nuclear development and power massive new data-center projects in the state. The federal initiative, called the Nuclear Lifecycle Innovation Campuses program, pairs states willing to store nuclear waste with potential federal support for new…

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South Korea’s Kospi Index Jumps More Than 13% on a Surge of Chipmaking Stocks

BANGKOK (AP) — South Korea’s Kospi index jumped more than 13% on Friday, tracking Wall Street gains, as artificial intelligence-related stocks bounced back after losses this week. In early Asian trading, the Kospi rose 13.1% to 6,330.59. Shares of South Korean technology giant Samsung Electronics surged 19.3%, while memory chipmaker SK Hynix soared 22.6%. The…

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Shein’s three-year IPO delay cost it the ‘golden time’ to go public

Sunglasses are displayed at the reception of the fast-fashion brand Shein’s office in Sao Paulo, Brazil, Dec. 15, 2025. Jorge Silva | Reuters Shein won Beijing’s approval for a Hong Kong listing after it publicly embraced the Chinese roots it spent years playing down. Now investors are questioning whether that blessing can carry a $40-billion-plus…

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Philadelphia-area CEO Brian Malloy dies ‘suddenly,’ weeks after taking helm

National Association of Manufacturers President Jay Timmons discusses President Donald Trump’s manufacturing agenda, tax policy, factory investment and the future of American industry on ‘Mornings with Maria.’ Carpenter Technology CEO Brian Malloy died suddenly just weeks after taking the helm of the specialty materials manufacturer, the company announced Monday. Malloy, who became president and CEO…

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