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Apple beats quarterly profit and sales estimates—led by record services revenue

Apple, which accounts for 7% of the S&P 500’s breadth, made $24.2 billion in profit during the first three months of 2023.

  • By Derek Saul
  • Forbes Staff

Global weight-loss giant Jenny Craig to close its doors and lay off staff, internal email reveals

Hourly workers at Jenny Craig could have already worked their last shift, according to an internal message to employees.

  • By Brian Bushard
  • Forbes Staff

From $8.5 billion to almost bankrupt: Digital media titan on brink of collapse, reports

Amid reports of Vice Media preparing to file for bankruptcy, here’s a look at some of the momentous—and inglorious—milestones the maverick digital company has reached since it launched in 1994 as a street culture magazine in Montreal before exploding into a digital titan.

  • By Molly Bohannon

Alan Joyce steps down as Qantas CEO, replacement revealed

Joyce, who was appointed CEO in 2008, will be succeeded by the Group’s current chief financial officer, Vanessa Hudson.

  • By Anastasia Santoreneos
  • Forbes Staff

JPMorgan stock set for second-best day this year after First Republic takeover

Jamie Dimon, the CEO of the country’s largest bank, asserted last month it was “absurd” to suggest titans like JPMorgan would benefit from the collapse of several regional banks.

  • By Derek Saul
  • Forbes Staff

Apple’s new savings account draws nearly $1 billion in deposits in first four days

While regional banks struggle to hold onto deposits, and maintain net interest margins, Apple and Goldman’s new savings account is showing big inflows.

  • By Emily Mason
  • Forbes Staff

First Republic Bank reportedly on verge of collapse

First Republic’s stock cratered on Friday, and is now down 98% from its 52-week high.

  • By Nicholas Reimann
  • Forbes Staff

The wild saga of the meme stock that’s left thousands of shareholders with nothing

Spoiler alert: shareholders are losing their shirts. Blame a series of unusual gaffes, snafus and miscommunications.

  • By Brandon Kochkodin

Meta stock surges to 14-month high even as Metaverse bleeds billions

The Facebook parent had its largest daily stock gain in a decade the day after its last earnings report.

  • By Derek Saul
  • Forbes Staff

‘Danger zone’: First Republic Bank shares plunge 50 per cent amid $100 billion exodus

“First Republic is still in the danger zone,” one analyst warned Tuesday.

  • By Derek Saul
  • Forbes Staff
Newer Posts 1 2 … 47 48 49 … 69 70 Older Posts
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