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AAPL Jun 2024 60.000 call
- Yahoo Finance
Rivian reports mixed Q1 results but trims capex forecast and sees Q4 'gross profit'
Rivian reported mixed quarterly results for the first quarter, but will see further cost savings from shifting its upcoming R2 production to its Normal, Ill., plant and trimming its capital expenditure forecast.
- Yahoo Finance
Stock buybacks hit highest level since 2018
Stock buybacks are soaring in another sign that companies are feeling better about the macroeconomic outlook.
- Associated Press Finance
Judge grills Apple exec about whether company is defying order to enable more iPhone payment options
A federal judge on Wednesday questioned whether Apple has set up a gauntlet of exasperating hurdles to discourage the use of alternative payment options in iPhone apps, despite a court order seeking to create more ways for consumers to pay for digital services. The verbal sparring between Judge Yvonne Gonzalez Rogers and the head of Apple's app store kicked off a hearing focused on whether Apple is still steering U.S. consumers to its once-exclusive app payment system in defiance of an injunction aimed at promoting more choices that could help lower prices. Gonzalez Rogers' order requires Apple to allow app developers to display links to other options besides the company's own payment system in the U.S. Apple makes billions of dollars annually from that setup, which imposes commission ranging from 15% to 30% on digital transactions completed within the most popular iPhone apps.
