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Apple shares plunge after weak fiscal fourth-quarter guidance

Apple shares plunged in after-hours trading after the company issued fiscal fourth-quarter guidance below market expectations. The stock fell more than 8% at one point and was down 6.02% as of 6:40 a.m. Beijing time on July 31. On its earnings call, Apple fore…

$AMD

Fed Chair Kevin Warsh Reportedly Weighs Fewer Annual Policy Meetings

Federal Reserve Chair Kevin Warsh is reportedly considering reducing the number of regular interest-rate decision meetings held each year, a move that could cause significant disruption and mark the central bank’s biggest operational change in recent years. Th…

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Fed Dissenters Explain Push for Rate Hikes as Treasury Yields Surge

Three Federal Open Market Committee (FOMC) voters who dissented from the Federal Reserve’s decision this week to keep interest rates unchanged publicly explained their positions on Friday. They expressed similar concerns: Unless the central bank takes more dec…

Sources: Open AI May Delay IPO Launch Until Next Year

OpenAI, the company that helped ignite the global artificial-intelligence boom, has been overtaken by rival Anthropic and is working to regain ground. Growth in OpenAI’s flagship consumer product, ChatGPT, has slowed sharply. Fidji Simo, Sam Altman’s designate…

FIFA President Says Equity-Sale Project Will Be Discontinued

The FIFA president said in a statement on Aug. 1 local time that the organization had decided to stop pursuing an equity-sale project after disagreements among the parties involved meant it no longer aligned with the project's original objectives.