General News

After voicing bullish thoughts prior to Apple’s last week’s earnings report, Lynx Equity Strategies analysts reiterated a positive outlook ahead of the company’s iPad event, scheduled for later today.

The firm anticipated that Mac revenue growth would signal user preference for Apple (NASDAQ: AAPL) Silicon in generative AI applications. In the March quarter, Mac revenue increased by 4% year-over-year, outperforming the consensus expectation of a 5% decline.

“We... (continue reading...)

In a recent note, analysts at JPMorgan expressed concern that inflation will stay too high if there is no slack created in the economy.

The investment bank notes that we are entering a seasonally tricky time of the year "on top of a challenging combination of inflation at risk of staying too high and profit margin pressures."

"We are concerned about inflation staying too high if there is no slack created in the economy, adverse bonds demand-supply with negative term... (continue reading...)

Investing.com -- Apple's trajectory for its artificial intelligence ambitions remains "uncertain" after the tech giant's latest quarterly results, according to analysts at PhillipCapital.

In a call with analysts last week, Chief Executive Tim Cook hinted that Apple (NASDAQ: AAPL) would soon be sharing "some very exciting things with our customers" regarding its advances in so-called generative AI. Cook said that he felt "bullish" about the company's AI prospects,... (continue reading...)

Investing.com -- Shares in Infineon (OTC: IFNNY) Technologies (ETR:IFXGn) surged in European trading on Tuesday after the German chipmaker said it would roll out deep cost-cutting measures in response to tepid demand from car manufacturers and for personal computing electronics.

Chief Executive Jochen Hanebeck said that these expense reductions should start have a positive impact on Infineon's adjusted result in its 2025 fiscal year.

The announcement comes after the... (continue reading...)

Investing.com -- U.S. stock futures steadied Tuesday, as investors awaited comments from Federal Reserve officials as well as the continuation of the quarterly earnings season.

Here are some of the biggest premarket U.S. stock movers today:

• Walt Disney (NYSE: DIS) stock fell 5.3% despite the entertainment giant posting its first profit from its streaming unit, two quarters ahead of schedule, while raising its annual earnings per share outlook as it said turnaround... (continue reading...)