 | | | | Supply chain woes cost Apple Inc $6 billion in sales during the company's fiscal fourth quarter, which missed Wall Street expectations, and Chief Executive Tim Cook said that the impact will be even worse during the current holiday sales quarter. | | | | | | Wall Street closed higher on Thursday, with the S&P 500 and Nasdaq boasting record closing levels thanks partly to gains by Apple and Amazon, while solid results from companies including Caterpillar and Merck helped ease concerns about slowing economic growth denting profits. | | | | | | Gilead Sciences Inc on Thursday posted higher-than-expected third-quarter earnings on strong demand for its COVID-19 antiviral treatment, but said 2021 sales of its other drugs will fall short of earlier estimates. | | | | | | Starbucks Corp missed market estimates for quarterly same-store sales on Thursday, as a COVID-19 resurgence in China closed stores in several major cities and overshadowed a strong performance by its U.S. business. | | | | | | U.S. banks will not be required to report additional information about certain accounts to the Internal Revenue Service after Democrats removed the proposal from a sweeping government spending package. | | | | | | Amazon.com Inc on Thursday reported a slump in profit that it expects will continue through the holiday quarter, as heavy spending to maintain delivery operations diminishes the company's windfall from online shopping. | | | | | | Wall Street closed higher on Thursday, boosted by gains in Apple and Amazon ahead of their earnings reports, while solid results from companies including Caterpillar and Merck helped ease concerns about slowing economic growth denting profits. | | | | | | The dollar held losses to the euro and British pound late on Thursday as currency traders digested moves in interest rate markets, comments by the European Central Bank President Christine Lagarde and a weaker-than-expected U.S. economic report. | | | | | | U.S. President Joe Biden presented a social and climate spending plan on Thursday to Congress and voters. | | | | | | Facebook Inc is now called Meta, the company said on Thursday, in a rebrand that focuses on investing in the "metaverse," a shared virtual environment that it bets will be the successor to the mobile internet. | | | | | |
