CEO Tim Cook says layoffs are a 'last resort' and not something Apple is considering right now
Apple doesn't have plans for big layoffs, CEO Tim Cook told CNBC while discussing the company's earnings on Thursday.
CNBC US News
Apple reports better-than-expected quarter driven by iPhone sales
Apple reported earnings after the bell. Here are the results.
CEO of fitness band maker Whoop mocks the demise of Amazon's Halo health device
Whoop CEO Will Ahmed said he views the demise of Halo as a win for his startup after alleging that Amazon copied it; Amazon strongly denies the allegations.
Struggling Lordstown Motors expects to end production of its EV pickup 'in the near future'
The comments come three days after the company said it may go bankrupt if a previously announced deal with contract manufacturer Foxconn falls through.
Moderna posts surprise quarterly profit despite waning demand for Covid vaccines
Moderna maintained its full-year guidance of around $5 billion in revenue from its Covid vaccine, its only marketable product.
Shopify cuts 20% of its workforce; shares surge on earnings beat
The cuts represent the second round of layoffs for Shopify in the last year.
J&J's consumer-health spinoff Kenvue jumps 22% in public market debut
Kenvue's debut is the biggest U.S. IPO since EV maker Rivian went public in 2021.
Russia and China would use debt default to portray U.S. as chaotic, intel chief warns
A sovereign default would weaken America's credibility abroad, Director of National Intelligence Avril Haines said.
Paramount Global shares fall over 28% after weak earnings report, dividend cut
Paramount Global shares plummet as company cuts dividend and earnings miss estimates.
Carl's Jr. and Hardee's to roll out A.I. drive-thru ordering nationwide
CKE Restaurants, the parent company of Carl's Jr. and Hardee's, is working to bring automated drive-thru ordering to its restaurants nationwide.
Virgin Islands issued subpoena to Google co-founder Larry Page in lawsuit against JPMorgan Chase over Jeffrey Epstein
The U.S. Virgin Islands is suing JPMorgan Chase for alleged complicity in sex trafficking by Jeffrey Epstein.
White House announces $140 million A.I. hub investment ahead of meeting with Google, OpenAI
Funding for the research hubs will come from the National Science Foundation and will bring the total number of AI research institutes to 25 across the country.
Supreme Court: Harlan Crow paid school tuition for Clarence Thomas' nephew, report says
The Supreme Court and Justice Clarence Thomas have been under fire for weeks over reports of largesse to Thomas by GOP billionaire donor Harlan Crow.
New York, California attorneys general probe NFL workplace practices, discrimination claims
The probe will eye the NFL for potential violations of state pay equity and discrimination laws, acording to the California and New York attorneys general.
How to buy your first car: Tips for navigating an 'unprecedented' market, according to auto experts
Ready to buy your first car? Here are some tips to make sure you get the best deal possible — and it doesn't break the budget.
Olive Garden parent Darden Restaurants bets on fine dining with $715 million Ruth's Chris deal
Darden Restaurants believes fine-dining restaurants' sales growth will outpace that of casual-dining eateries through 2026.
Shopify offloads logistics business to Flexport
The sale marks a reversal for Shopify, which had spent years building out its own logistics and order fulfillment operations.
J&J spinoff Kenvue prices IPO at $22, toward the top end of expected range
J&J's consumer health spinoff, Kenvue, is expected to set an initial public offering price Wednesday night and trade Thursday on the New York Stock Exchange.
Slack's getting an A.I. chatbot that can summarize messages, take notes and more
Slack plans to offer chatbot tech in a new way: in-app tools that allow users to shorten and adjust message tone, summarize missed messages and more.
Microsoft opens up Bing access and adds chat history and export features
The new version of Bing has yet to gain search advertising market share, but Microsoft has limited its availability. Now that's changing.
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