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Alphabet Soars, S&P Hits Another Record | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Apple reports second quarter results
PRESS RELEASE April 30, 2026 Apple reports second quarter results March quarter records for total company revenue, iPhone revenue, and EPS Services revenue reaches new all-time high CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2026 second quarter ended March 28, 2026. The Company posted quarterly revenue of $111.2 billion, up 17 percent year over year. Diluted earnings per share was $2.01, up 22 percent year over year. “Today Apple is proud to report our best Marc...
Gresham House Said to Plan €1 Billion Fund for Battery Storage
Gresham House plans to raise a fund targeting roughly €1 billion ($1.2 billion) to give investors access to the growing market for battery-storage systems, according to a person familiar with the matter.
Wayfair CFO Sees Growth Despite 'Challenged' Consumer
Wayfair CFO Kate Gulliver said despite an earnings miss by the furniture seller the company feels 'great' about the growth outlook. Gulliver said Wayfiar is less focused on when 'challenged' consumers will recover, but the strength of internal initiatives that she believes will drive growth. (Source: Bloomberg)
Trump lifts whiskey tariffs: Scotland–Kentucky trade eased after royal couple's US visit
Former President Donald Trump announced the removal of tariffs and restrictions on whiskey trade between Scotland and Kentucky. This decision, influenced by the recent visit of King Charles and Queen Camilla, aims to bolster long-standing trade ties, particularly concerning wooden barrel exchanges.
Roku Q1 Sales Pop 22%, Company Breaks Out Results for Advertising and Subscriptions Businesses for First Time
Roku beat Wall Street earnings forecasts for the first quarter of 2026 and raised its full-year profit guidance as the company continues its upward rise on the streaming-video tide. In addition, for the first time, Roku reported results for its advertising and subscriptions operating units (which are housed in its Platform segment) to give investors […]
Trump to lift tariffs on scotch whisky after king’s US visit
President says decision made ‘in honor of the king and queen’ as industry officials call deal ‘significant boost’In a gesture of diplomatic friendliness after King Charles’s visit to the White House, Donald Trump said the US would be removing all tariffs on whisky imports.“In Honor of the King and Queen of the United Kingdom, who have just left the White House, soon headed back to their wonderful Country, I will be removing the Tariffs and Restrictions on Whiskey having to do with Scotland’s abi...
Ares, JPMorgan Ink $800 Million Private Credit Deal for GoodLife
A group including Ares Management Corp. provided around $800 million in a private credit deal to finance Apollo Global Management Inc.’s investment in the GoodLife Group, which operates health clubs in Canada, according to people familiar with the matter.
Morocco’s Tourism Revenue Hits MAD 31 Billion in Q1 2026, Up 24%
Marrakech – Morocco’s travel receipts in foreign currency reached MAD 31 billion ($3.1 billion) in the first quarter of 2026, marking a 24% increase compared to the same period in 2025, according to the Ministry of Tourism. The country welcomed 4.3 million tourists between January and March. The figure represents a 7% rise year-on-year, the ministry said in a statement. The results suggest that tourists are spending significantly more per trip than they did a year ago, the ministry detaile...
Rivian downsizes DOE loan to $4.5B, while boosting capacity of Georgia factory
Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion allocated under the Biden administration. The company also announced Thursday that it will draw on the loan sooner than planned, in early 2027, and expects to increase the total capacity of the Georgia plant from 200,000 to 300,000 vehicles in its initial phase of operation — another sign that the company h...
How Ketamine Spawned a $1.7 Billion J&J Blockbuster Drug
Spravato, the ketamine-derived nasal spray from Johnson & Johnson, was once seen as a long shot. It was difficult to deliver, heavily regulated and slow to catch on. Find out how it became a billion-dollar drug and part of a new model for treating depression. (Source: Bloomberg)
Cost-of-living crisis drives Brits to choose micro-treats over big purchases
Research suggests a third of us are too busy to take a break or switch off properly during the day, despite most saying playful moments are important for wellbeing – sparking a rise in small daily indulgences
How today's high pet care costs are straining household finances
Sponsored MoneyWatch: Managing Your Money How today's high pet care costs are straining household finances We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, wher...
Monthly domestic urea output back to last year’s levels
Domestic urea production has bounced back to last year's levels, with April output reaching 21 lakh tonnes, a significant recovery after a March dip. With natural gas supplies largely restored and robust import assurances, the government confirms ample fertilizer availability to meet the upcoming kharif crop needs, ensuring farmers remain unaffected by global price hikes.
Morocco’s Local Tax Reform Shifts Power to Regions
Fez – Morocco is moving to reshape its local tax system, giving more financial power to regional and local authorities under a new law aimed at improving efficiency and supporting decentralization. According to Finance News Hebdo, the newly adopted Law 14/25 marks a significant step in reforming local taxation. It transfers key responsibilities from the central government to territorial collectivities, with the goal of strengthening their financial independence and reducing reliance on state bud...
Structured tender model for shipbuilding: Govt aims tech transfer, local manufacturing
India is boosting its shipbuilding capabilities by adopting a "structured tender" approach for specialized vessels like gas and oil tankers. This strategy mandates that a portion of these ships be built domestically, facilitating technology transfer and strengthening local manufacturing. The government aims to aggregate demand for hundreds of vessels to enhance self-reliance in the maritime sector.
$40,000 CD vs. $40,000 high-yield savings account vs. $40,000 money market account: Here's which will earn more now
MoneyWatch: Managing Your Money $40,000 CD vs. $40,000 high-yield savings account vs. $40,000 money market account: Here's which will earn more now We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor f...
Attijari Payment, Africa-Exchange to Modernize Currency Exchange Offices in Morocco
Agadir – Attijari Payment and Africa-Exchange have signed a partnership agreement aimed at accelerating the adoption of electronic payment solutions and supporting the modernization of currency exchange offices across Morocco. As an economic interest group operating in Morocco, Africa-Exchange provides services dedicated to manual foreign exchange operations and currency transactions. According to a press statement Attijariwafa shared on Wednesday, the agreement was signed on April 28 in...
Blue Owl Scrutiny to Ramp Up as Shares Near ‘Doomsday’ Level
Blue Owl Capital Inc., whose battered stock has served as a proxy for concerns over the health of the $1.8 trillion private credit industry, will face fresh scrutiny from investors and Wall Street analysts with the release of its first-quarter earnings. Bloomberg's David Havens joins to discuss. (Source: Bloomberg)
3 mortgage rate questions borrowers should ask after the Fed rate pause
MoneyWatch: Managing Your Money 3 mortgage rate questions borrowers should ask after the Fed rate pause We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNe...