Out stop , plays out. Interestingly, the other servers went up also what are the other services . Overall Services Continue to be strong, a key part of apple growth story, and really that is something they are building out further and further. Youre going to also have, going into this next year, cloud, i think app store, if you look at that, that continues to uptick. That has been a big part of what i call the re rating of apple stock. Meanwhile, Retail Giant Amazon has reported a quarterly profit that smashed Market Expectations for q2. That came in at 6. 7 billion, eclipsing forecasts. In fact, this was amazons biggest earnings reveal since the last quarter of 2020. My colleague Michelle Fleury with more. Amazons results show its firing on all cylinders. It turned in a strong Online Retail performance and registered higher sales at its Cloud Computing business. Revenue for the Second Quarter rose ii . Investors liked what they heard. Shares in the seattle based company, already up 50
Reacted with anger. I strongly disagree with fitchs reacted with anger. I strongly disagree with fitchs decision | disagree with fitchs decision and i disagree with fitchs decision and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data and assessment is based on outdated data and fails to reflect improvements across a range of indicators, improvements across a range of indicators, including those related indicators, including those related to governance, that we have related to governance, that we have seen related to governance, that we have seen over the past two and a half have seen over the past two and a half years. Gf of the democrats used the opportunity to point finger and republicans for their role in the recent Debt Limit Fight of all republicans blame it democrats and Joe Biden For joins of dollars in new spending for the many economists dismiss the downgrade, includingjp morgan downgrade, including Jp Morgan Chase downgrade, includingJp Mo
helped drive forward returns, as you say. this target was what we were expecting to hit at the end of the year, but we have seen a little bit of better than expected economic data also helping optimism that earnings growth might pick up a bit in the next few months. so is this all about expectation for rate cuts? is the optimism because of strong earnings? i the optimism because of strong earninus? ~ ., , earnings? i think it really does reflect earnings? i think it really does reflect rate - earnings? i think it really does reflect rate cut - does reflect rate cut expectations and the growing belief that the us can have a soft landing, because when you look at earnings growth, actual earnings growth has been slow and negative for some companies. growth is slowing, it does cast doubt on the possibility of a re acceleration in the interim here. so it leaves that rally a little vulnerable to any failure to reach those expectations. japan s nikkei has crossed the 37,000 mark f
getting these comments by the federal chair. federal chair. based on the meetin: federal chair. based on the meeting today, federal chair. based on the meeting today, i federal chair. based on the meeting today, i would - federal chair. based on thei meeting today, i would tell federal chair. based on the - meeting today, i would tell you that i don t think it s likely that i don t think it s likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that is to be seen stop at mr powell s words disappointed us on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at rate cuts in 202a. however, mr powell said officials wanted greater confidence that inflation was falling back to its 2% goal first. with prices coming down but still high and with the economy doing well, david ross let believes that this is the right ca
of millions of accounts. ray wang is a principal analyst of constellation research, explains why threads could be a serious challenge to twitter. this is a massive threat. if you think about twitter, it only has about 150 million active users. if you see what is going on with facebook and instagram, we are talking the 2.96 billion users. let s put this in simple terms. 50 million is the number we use to say mass adoption of technology has occurred. facebook live dated 2a hours. mark zuckerberg can get to 50 million users and probably less than 2a hours. i can pick it to 150 million euros in less than two months. it s a direct threat to delay or stop light at the same time, some of the users are not happy with the recent restrictions like the number of tweets that you can look at. why is elon musk doing this is yet? you don t normally musk doing this is yet? you don t normally have - musk doing this is yet? 7m. don t normally have that musk doing this is yet? 7m, don t nor