Apple on Thursday reported sales and profits that beat Wall Street expectations, fueled by its customers snapping up iPhones and MacBooks amid ​price increases across the consumer electronics sector. Source link
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The Blueprint: Giunta’s Meat Farms acquiring King Kullen Grocery Co. Deal includes 24 King Kullen supermarkets and four Wild by Nature markets Acquisition expected to close in September All King Kullen and Wild by Nature associates expected to be retained Oakdale-based Giunta’s Meat Farms will be acquiring Hauppauge-based King Kullen Grocery Co., including its 24 King Kullen supermarkets and four Wild by Nature…
The economy grew at an annual rate of 1.5% in the three months to June, down from 2.1% seen in the previous quarter. Source link
Two US investment firms are racing to close one of European aviation’s most watched deals. With Castlelake facing a firm-offer-or-walk-away deadline of 5pm this Sunday, 3 August, and Apollo following four days later on 7 August, the outcome of a two-month takeover battle will be determined within days. But the question of who wins the…
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon reported better-than-expected revenue and cloud growth for the second quarter. The stock shot up more than 6% in extended trading. Here’s how the company did, compared with estimates from analysts…
Tim Wyatt, president of Commonwealth’s parent company, Caturus, says that amidst global instability the US is experiencing an LNG boom for a reason. “There is cheap, abundant supply here, while being a flexible, reliable, relatively low cost and transparent producer that flows to the places that need it the most.” Source link
Microsoft shares jumped 15% on Thursday while Meta tanked 9% as investors gave differing verdicts on the two tech giants’ earnings. On Wednesday, Microsoft posted fiscal fourth-quarter revenue that beat analyst estimates and reported 43% growth at its key Azure cloud business, which was also ahead of market expectations. The company said that it now…
New York — Taco Bell’s parent company, Yum Brands, reported robust sales and profit in the second quarter. But more recent sales took a hit after the cyclospora outbreak plunged the company’s most important brand into a food-safety crisis. Sales at Taco Bell have fallen 2% from the end of June through July 27, executives said…
