Apple posted a solid fiscal third quarter on Thursday, climbing past Wall Street’s expectations thanks to strong sales of the iPhone and MacBook computers. Apple raised the prices of its Macs and iPads last month, citing a memory-chip shortage brought on by the artificial intelligence boom. The company had called the demand spike an “unprecedented … Read more
Hiring in the U.S. slowed in June, falling short of expectations, according to the Labor Department. CBS News producer Emily Pandise has more. Source link
WASHINGTON — President Donald Trump has long been looking for this weekend to be a big one for his presidency. The World Cup returns to the U.S. on Friday for the first time in 32 years after Trump threw himself into winning the bid to co-host the soccer tourney during his first term. He’ll be … Read more
Trump administration reacts to latest jobs numbers that beat expert expectations – CBS News Watch CBS News The Trump administration is touting the latest jobs report, claiming it shows the president’s economic policies are working. CBS News’ Nancy Cordes reports. Source link
New jobs report beats expectations but unemployment rate remains unchaged – CBS News Watch CBS News The latest jobs report beat expectations for the month of May, but some key points remain unchanged. CBS News’ Kelly O’Grady and Aaron Navarro report. Source link
Employers added 172,000 jobs in May, topping analyst forecasts, as the labor market continued to show strength despite rising inflation and concerns about slowing economic growth. By the numbers Economists polled by FactSet predicted that the economy would gain 105,000 jobs in May. The latest employment data from the Labor Department follows two months of strong … Read more
Home Depot, Target, Lowes and TJ Maxx all beat expectations with their first quarter earnings and revenue reported on Wednesday. Target had their strongest gains in years. CBS News senior business and tech correspondent Jo Ling Kent has more. Source link
Earnings reports for Exxon Mobil and Chevron showed a decrease in profits during the last fiscal quarter due to Iran war disruptions. Despite the loss on paper, both U.S. oil giants topped Wall Street expectations when it came to revenue for the three month period ending March 31. CBS News business contributor Javier David has … Read more
Meta Platforms Inc. reports strong first-quarter results, surpassing expectations with significant earnings growth, but the stock slipped in after-hours trading Instagram and Facebook parent Meta Platforms Inc. posted results Wednesday for the first quarter that exceeded expectations, showing growth in earnings, but the social media giant also increased its forecasted capital expenditures for the year. … Read more
UNITED NATIONS — The new U.N.-backed international force charged with combating Haiti’s violent gangs has received more pledges than the 5,500 military and police it is seeking, with Chadian troops already deployed in the capital, Port-au-Prince, the U.N. special envoy to the violence-torn country said Thursday. Carlos Ruiz Massieu told reporters after briefing the U.N. … Read more