Latest Corporate News
Apple Announces Record Quarterly Revenue Amid AI Push
Apple reported surpassing earnings expectations with $110 billion in revenue, driven by strong iPhone sales and AI-integrated services. The company highlighted expansions in generative AI features for upcoming devices. Shares rose 4% in after-hours trading.
Microsoft Acquires AI Startup for $20 Billion
Microsoft finalized a deal to buy a leading AI firm specializing in natural language processing, bolstering its Azure cloud offerings.[2] The acquisition aims to accelerate enterprise AI adoption. Analysts predict enhanced competition with Google.
Tesla Faces EU Probe Over Data Privacy in Autopilot
EU regulators launched an investigation into Tesla's Autopilot system for potential data privacy violations affecting millions of users.[3] Concerns focus on how driving data is stored and shared. Tesla vows full cooperation.
Amazon Launches $10 Billion Climate Fund
Amazon committed $10 billion to a new sustainability fund targeting carbon-neutral supply chains by 2040.[4] Partnerships with logistics firms aim to electrify fleets. This follows criticism over emissions growth.
JPMorgan Chase Beats Earnings with Strong Trading Gains
JPMorgan posted Q1 profits up 20% year-over-year, fueled by robust investment banking and trading desks.[5] CEO Jamie Dimon noted resilient consumer spending. Dividend hike announced alongside results.
Nvidia Stock Soars on Data Center Demand
Nvidia's shares climbed 7% after revealing doubled data center revenue from AI chip sales.[6] Demand from hyperscalers like Meta and OpenAI cited as key drivers. Outlook remains bullish for FY2026.
Boeing Reaches Labor Deal Ending Strike
Boeing agreed to a new contract with machinists, ending a month-long strike that halted 737 production.[7] Wages to increase 38% over four years. Restart of production expected next week.
Meta Platforms Fined $1.2 Billion by EU for Data Transfers
EU slapped Meta with a record fine for illegal US-EU data transfers under GDPR violations.[8] Company plans appeal while updating privacy tools. Impacts all Facebook and Instagram users.
Shell Reports Profit Drop but Raises Dividend
Shell's Q1 profits fell 20% due to lower oil prices, yet maintained strong cash flow.[9] Dividend increased by 4%, signaling confidence. Focus shifts to LNG expansion.
Alibaba Unveils New AI Model Challenging Baidu
Alibaba launched Qwen 3.0 AI model, claiming superior performance in multimodal tasks.[10] Available via cloud services to enterprises. Positions China tech giant in global AI race.