US News

Former U.S. President Donald Trump attends the first day of his trial for allegedly covering up hush money payments at Manhattan Criminal Court on April 15, 2024 in New York City.  Angela Weiss | Getty Images This is developing news. Check back for updates throughout the day. Prosecutors are set to resume questioning witnesses Friday

A 10% decline in iPhone sales sounds like a problem for Apple, considering the company counts on the devices for half its revenue. But investors didn’t seem to mind on Thursday, when Apple revealed the year-over-year drop in its fiscal second-quarter earnings report. The stock rose more than 6% after the market close, a rally

Apple reported fiscal second-quarter earnings on Thursday that were slightly higher than Wall Street expectations, but showed overall revenue down 4%, and iPhone sales falling 10%.  Apple announced that its board had authorized $110 billion in share repurchases, a 22% increase over last year’s $90 billion authorization. It’s the largest-ever in history, ahead of Apple’s previous

Nikos Pekiaridis | Nurphoto | Getty Images Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company’s cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates.  The results come as Moderna inches closer to putting another product on the market, which it badly

Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images Shares of Carvana popped more than 30% during after-hours trading Wednesday after the automaker reported record results and turned a profit during the first quarter. Here is how the company performed in the first

Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024. Steve Marcus | Reuters Qualcomm reported second-quarter earnings on Wednesday that surpassed Wall Street expectations, and provided a strong guide for the current quarter. Shares rose

A person walks by a CVS Pharmacy store in Manhattan, New York, on Nov. 15, 2021. Andrew Kelly | Reuters CVS Health on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, citing higher medical costs that are dogging the U.S. insurance industry. Shares of the company dropped

Bruce Garelick walks following a hearing at the Manhattan Federal Court, in New York City, July 20, 2023. Amr Alfiky | Reuters The federal criminal trial of a man accused of insider trading in shares of a shell company ahead of its announcement of a plan to merge with Trump Media began Tuesday, just blocks

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon reported better-than-expected earnings and revenue for the first quarter, driven by growth in advertising and cloud computing. The stock ticked higher in extended trading. Here’s how the company did:

Eli Lilly logo is shown on one of the company’s offices in San Diego, California, U.S., September 17, 2020.  Mike Blake | Reuters Eli Lilly on Tuesday reported first-quarter adjusted profit that topped Wall Street’s expectations and hiked its full-year guidance on strong sales of its blockbuster diabetes drug Mounjaro and newly launched weight loss

McDonald’s french fries Picture Alliance | Picture Alliance | Getty Images McDonald’s is expected to report its first-quarter earnings before the bell on Tuesday. Here’s what Wall Street analysts surveyed by LSEG are expecting: Earnings per share: $2.72 expected Revenue: $6.16 billion expected The fast-food giant reported disappointing fourth-quarter sales. Boycotts after its Israeli licensee

Jonathan Raa | Nurphoto | Getty Images The share price of Trump Media closed trading Monday more than 12% higher, continuing a stunning rise that began in mid-April. The DJT ticker ended the day at $46.69 per share, up by $5.15, a gain of 12.4%. Trump Media owns the Truth Social app frequently used by

Bob Bakish, CEO of Paramount, speaks with CNBC’s David Faber on Sept. 6, 2023. CNBC In what could easily be a plotline from HBO’s hit show “Succession,” Paramount Global plans to replace Chief Executive Officer Bob Bakish with a cohort of existing division heads on Monday in a chessboard-altering move designed to accelerate the company’s

Inflation showed few signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated. The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, the Commerce Department reported Friday. That was above

Amy Hood, chief financial officer at Microsoft, speaks during a presentation on affordable housing in Bellevue, Washington, on Jan. 17, 2019. Chona Kasinger | Bloomberg | Getty Images Microsoft is increasing spending at a rate not seen since at least 2016. It still might not be enough. In its earnings report on Thursday, Microsoft said

Despite blockbuster earnings from giants such as Alphabet and Microsoft, layoffs continue to ripple through the tech industry. Layoffs.fyi, a platform monitoring job cuts in the tech sector, recorded more than 263,000 job losses in 2023 alone. As of April, there have been more than 75,000 job losses in the industry so far in 2024.

A CVS Omnicare pharmacy in Las Vegas has become the first location to join a new national pharmacy union, a milestone for organizers trying to help thousands of U.S. pharmacy workers address what they call unsafe working conditions.  Nearly 30 pharmacy staff at the Las Vegas branch of CVS’s Omnicare won their union election on

A Tesla Model X burns after crashing on U.S. Highway 101 in Mountain View, California, U.S. on March 23, 2018.  S. Engleman | Via Reuters Federal authorities say a “critical safety gap” in Tesla‘s Autopilot system contributed to at least 467 collisions, 13 resulting in fatalities and “many others” resulting in serious injuries. The findings