Wall Street's wild July is ending with more swings as Amazon leaps, Apple sinks and oil prices rise

Wall Street’s wild July is ending with more swings as Amazon’s stock leaps, Apple sinks and rising oil prices worsen worries about inflation already squeezing the bond market

Prices have already risen across products in response to chip crisis

Microsoft CEO Satya Nadella Fortune via Reuters Connect A version of this story originally appeared in the BI Tech Memo newsletter. Sign up for the weekly BI Tech Memo newsletter here. For several years, Big Tech has operated under a simple rule: spend more on AI, or investors will assume you're falling behind. This

Strong iPhone sales propel Apple’s fiscal Q3 results past Wall Street’s expectations  Toronto Star

The company recently raised prices on a number of products because of component supply shortages caused by the artificial intelligence boom.

Smartphone revenue rose more than a fifth as rivals struggle

US stocks are rebounding after Microsoft leaped on hopes that its big spending on AI is translating into profits, while computer-chip companies clawed back some of their sharp recent losses.

US stocks are rebounding after Microsoft leaped on hopes that its big spending on AI is translating into profits, while computer-chip companies clawed back some of their sharp recent losses.

Major equity indexes put in their worst “Fed Day” performance since December 2024, while the yield on the 30-year bond shot higher.

Apple's market value briefly exceeded five trillion dollars on Tuesday. This milestone was achieved after the company regained its position as the world's most valuable public company. Unlike rivals, Apple rents AI infrastructure, preserving its strong cash flow. This strategy contrasts with competitors facing incre

South Korea's Kospi fell 10% and Nasdaq-100 futures dropped more than 1% as semiconductor names slid for a fourth session