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.
Bahamian authorities say a cruise ship that was set to dock in Miami has remained in the Bahamas, avoiding a U.S. judge’s order to seize the vessel.
Pfizer and BioNTech have begun studying a COVID-19 vaccine tweaked to match to the omicron variant in healthy adults.
Stocks are closing lower on Wall Street Tuesday after another volatile day of trading. Technology companies like Microsoft were again the biggest drag on the market.
Jarrod Loadholt, a partner at the law firm Ice Miller LLP, joined Wake Up With Cheddar to break down what's causing the current major crypto crash with Bitcoin and Ether both falling more than 50 percent below their recent highs. "Some investors are pricing in what's very likely to be the end of loose monetary policy," Loadholt said, pointing to the likelihood of the Federal Reserve shortly reversing course on pandemic-era easing. He also went into what the future holds for cryptocurrencies.
Stocks recovered from big early losses Monday as investors jumped in before the closing bell.
They say life is about the journey, not the destination — and how you get there makes all the difference. Americans shunned train stations, roadways, and airports amid the coronavirus pandemic, never realizing things could be fundamentally different when they return. In this episode, we're exploring the evolving world of transportation, from how we get around to how goods get to us.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
New York City Mayor Eric Adams plans to convert his first paycheck this week into two cryptocurrencies.
Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in everything from phones and cars to video games.
Stocks extended their losses on Wall Street Friday as major indexes finished with another weekly loss.
