Apple’s stock surged to a new all-time high as $237.23 following a strong third-quarter earnings report. The stock has fallen off its high, but is bucking a broader tech sell-off that more negatively impacted Microsoft and Amazon. Apple’s robust performance, fueled by growth in Services, iPads, and Macs, and optimism for an Apple Intelligence-fueled iPhone supercycle have solidified its premium valuation.

Apple defies tech sell-off with strong earnings, AI optimism

Warren Buffett’s Berkshire Hathaway’s sale of nearly half of its Apple shares in Q2 has come with a surprise silver lining for AAPL investors: Its influence in major stock indexes is set to be fully unleashed. Lu Wang and Yiqin Shen for Bloomberg News:. ‎. Apple’s weighting in a...

Apple’s influence in major stock indexes will soon be fully unleashed

Google Chrome’s announcement that it would significantly alter its previous plan for depreciating support for third-party cookies, the very lifeblood of online advertising, upended the narrative of the ad tech sector in the last three weeks. Amid the subsequent handwringing and efforts to maintain calm came the latest bout...

Amid uncertainties, Silicon Alley’s leading lights collectively shrug at Google’s cookie news on earnings calls

Apple on Wednesday released iOS 17.6.1 and iPadOS 17.6.1 which includes important bug fixes and addresses an issue that prevents enabling or disabling Advanced Data Protection. To update your iPhone or iPad:. Settings > General >Software Update. MacDailyNews Take: No issues here. ‎. Please help support MacDailyNews. Click or tap here...

Apple releases iOS 17.6.1 and iPadOS 17.6.1

Apple's stock has returned over 346% in the last five years. The valuation suggests the market expects strong growth to continue. Apple (AAPL 2.48%) has become known for launching products that make a splash. That led to large revenue and profit growth that fueled share price gains, creating a lot of wealth for long-term shareholders. The business has a market capitalization of over $3 trillion, putting it in rarefied company.

If You'd Invested $5,000 in Apple Stock 5 Years Ago, Here's How Much You'd Have Today

Starbucks, Coca-Cola Seek Trademark Renewal in Russia(Kevin Dietsch/Getty Images) (Credit: Getty Image) Starbucks' sales tumbled globally as more US and international consumers rejected its high-priced coffees. Starbucks sales dropped by 3% globally at all stores open for at least a year, according to its recent financial release. In North America...

Starbucks Sees Declining Sales as More Consumers Step Away From High-Priced Coffee

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Warren Buffett has been selling a lot of stock, and that revelation is inducing his many admirers to follow suit. His Omaha, Nebraska-based conglomerate, Berkshire Hathaway Inc., reported Saturday that it reduced several positions and slashed its stake in top-holding Apple Inc., a sign to some in markets that the “Oracle of Omaha” was bracing for deep stock-market declines. The intended message wasn’t actually as clear-cut as meets the eye, but that nuance might not matter given the speed of the sentiment tailspin in markets.

Buffett's $277 Billion Cash Hoard After Selling Apple Is a Warning

Amazon is slashing prices on the 9th and 10th generation iPads, with discounts of up to $100. The 9th generation starts at just $229, while select models can arrive as soon as this weekend for Prime members. The 9th generation iPad has received a massive price cut, making it the...

Amazon slashes prices on Apple’s 9th and 10th generation iPads

NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

Serving tech enthusiasts for over 25 years. In a nutshell: Dell is on track to become a leaner company thanks to a reorganization that will significantly reduce the PC maker's headcount. An internal memo from sales executives John Byrne and Bill Scannell that was viewed by Bloomberg noted the changes, which were later confirmed to multiple publications via public relations. A representative told The Register than Dell's go-to-market teams are being reworked, and that they are prioritizing where they invest across the company.

Dell cuts thousands of jobs as part of AI-focused restructuring

Apple and Major League Baseball (MLB) on Wednesday announced the September game schedule for “Friday Night Baseball,” a weekly doubleheader available to Apple TV+ subscribers on Fridays throughout the 2024 regular season. Fans in 60 countries and regions can enjoy two marquee matchups over 26 weeks with no local broadcast restrictions.

Apple TV+ and MLB announce September ‘Friday Night Baseball’ schedule

Markets Insider

After years of massive losses and huge spending, Uber is now profitable.

5 reasons why Uber is on the up

New Jersey State

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Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

Tesla stock has been riding one of the most exhilarating bull runs in the company’s history. In the last month alone, the EV maker’s stock price has surged by a whopping 50%. In the middle of the trading day today, Tesla shares reached a peak of $270 a...

Tesla Shares Crash by a Whopping $105 Billion in a Single Day After CNBC Host Jim Cramer Said “Tesla Could be the Next $1 Trillion Company” – Inverse Cramer Strikes Again

New York Post

Lyft’s shares tanked 17% on Wednesday after a soft forecast for the key summer quarter stirred worries that it may be losing ground to rival Uber.

Uber, which reported strong results on Tuesday, and Lyft are locked in a tussle for market share in the North American ride-hailing sector.

Benefiting from a global footprint and wider array of services, Uber has been wooing customers with subscription offerings while Lyft doubled down on competitive fares as well as company-wide cost cuts to boost its business.

“Lyft may struggle to gain the share that Uber has, but the market essentially requires a second competitor to maintain pricing balance,” said Mike Ramsey, a transportation...

Lyft plunges nearly 20% after weak forecast sparks fears its losing race with Uber

XRP surged by more than 27% in the 24 hours after a judge issued a long-awaited order in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs. In an order filed on Wednesday, District Judge Analisa Torres imposed a $125 million civil penalty against the San Francisco-based payments company.

XRP Skyrockets by 27% in 24 Hours After Judge Orders Ripple To Pay $125,000,000 in SEC Lawsuit

Florida State

Uncovering Florida

With hurricane season posing a consistent threat six months out of the year, who would not like a little help getting their home ready for the harsh weather to come? Senate Bill 7028: My Safe Florida Home Program, approved by Governor DeSantis on April 24, 2024, and effective as of July 1, appropriates a one-time total of $200 million from 2024 to 2025 for the purpose of funding hurricane mitigation grants and inspections, as well as outreach and administration costs, to support homeowners in Florida.

DeSantis Signs New Bill Giving $200 Million To Homeowners

Bank of America, Citigroup and Goldman Sachs are reporting $4.139 billion in losses as lenders write off mounting debts that customers can’t honor. In its latest earnings report, Citigroup says its net credit losses, which are debts that the firm does not expect to collect, hit $2.28 billion in Q2 of this year.

Bank of America, Citigroup and Goldman Sachs Report $4,139,000,000 in Losses As US Lenders Witness Major Spike in Unrecoverable Debt

Denver, CO

David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

NewsBreak

Google antitrust ruling is a negative for its credit and Apple’s – Moody’s

Moody’s Ratings said Wednesday that Google’s loss in an historic antitrust case was “credit negative” for parent company Alphabet as well as Apple, which the search...

Google antitrust ruling is a negative for its credit and Apple’s – Moody’s

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