Apple's revenue grew considerably during the most recent quarter but iPhone sales were down. The company sold 77.3 million iPhones during the holiday quarter, about one million less than the same time last year. It's the first time Apple has ever seen declining sales on its iPhones during the holiday season. However, the company did post $88.3 billion in revenue, up 13% from last year.
There was good news and bad news in the earnings report for Alphabet, the parent company of Google. The company beat expectations on revenue but fell short on earnings. Ad sales were strong but that profit was offset by increased ad spending.
And Amazon soared past Wall Street expectations thanks to strong holiday sales. The company beat on revenue and earnings. Amazon also set a new record, posting profits above $1 billion for the first time.
We dive into these earnings reports with Gene Munster, Managing Partner at Loup Ventures. Munster believes Amazon's profitability was a one-time thing. He is also predicting that Apple will release a new iPhone soon with a screen that's 25% bigger.
Plus, Cheddar's CEO Jon Steinberg talks to veteran newsman Dan Rather about his new partnership with The Young Turks. Rather now has a half-hour show airing on the network's YouTube channel. "The News with Dan Rather" will offer commentary and analysis on today's news, something he never did on "CBS Evening News." The show airs Mondays at 5:30pm ET.
Markets opened higher this morning as oil prices fall and investors await a decision from the Federal Reserve. Keith Fitz-Gerald, Chief Investment Officer, Fitz-Gerald Group joined Cheddar's Opening Bell to discuss.
Tommy Mancuso, President & Co-Founder of the BAD Investment Company, talks about the likelihood of the Fed decision's decision triggering a recession and the war Ukraine is impacting U.S. investors.
Scott Ladner, CIO at Horizon Investments, breaks down the latest geopolitical risks for U.S. investors and how oil in the near term may push higher amid the commodity supply shock.
In another sign of the pandemic housing boom, a record number of homes are now worth at least $1 million. According to new data from Redfin, 8.2% of U.S. properties were valued at $1 million or more last month, nearly double the pre-pandemic share. Daryl Fairweather, Chief Economist at Redfin, breaks down the data and what it means for millions of American families.
Erik Lundh, Principal Economist at The Conference Board, discusses how the war in Ukraine impacts the Fed's decision on interest rates and what hikes could mean for the U.S. economy.
Angelo Zino, Vice President & Senior Industry Analyst at CFRA research, discusses Russia and Ukraine's role in semiconductor manufacturing and the factors impacting the global production on chips.
Catching you up on what you Need to Know on March 16, 2022, with updates on Ukraine and Russia, a container ship gets stuck in the Chesapeake Bay, Disney employees stage a walkout over the "Don't Say Gay" law in Florida, and NASA completes its first spacewalk of 2022.
U.S. chipmaker Intel unveiled plans on Tuesday to invest up to $88 billion across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor supply chain.
With the Fed about to the announce a 25 basis point interest rate hike on Wednesday, what exactly does this mean for investors, consumers, and businesses?
Longtime Starbucks CEO Howard Schultz is returning to lead the company on an interim basis after the coffee giant’s current CEO announced his retirement.
