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Apple Drops After Mixed Results: America, Europe Revenue Miss; Iphone Sales Disappoint, But China Surges Again
Apple Drops After Mixed Results: America, Europe Revenue Miss; Iphone Sales Disappoint, But China Surges Again
Ahead of today's AAPL earnings report, we've had a mixed picture from Mag 7 earnings so far: GOOGL soared to a record high, MSFT and AMZN both dropped (although they recovered much of their losses throughout the day) and META crashed, all on different reads of their capex. Which leaves AAPL to complete the picture of the big 5 megacaps (with NVDA set to report in a few weeks). As we previewed earlier, focus today...
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May 1, 2026 / Tyler Durden
Exxon & Chevron Shares Jump After Big Q1 Earnings Beat
Exxon & Chevron Shares Jump After Big Q1 Earnings Beat
The impact of the war in Iran is on full display this morning in the earnings of two oil giants - Chevron and Exxon Mobil - as both smashed earnings expectations (despite sizable production outages).
Ahead of the results, Exxon and Chevron had both flagged major reductions in 1Q earnings due to “timing effects,” or paper losses on derivatives tied to cargoes that had not yet reached their destinations before the end of the quarter.
These accounting charges are expected to fully unwind...
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Mar 4, 2026 / Dave DeCamp
Pentagon Tells Congress It Won’t Be Able To Intercept All Iranian Shahed Drones
Senior Trump administration officials told members of Congress during a closed-door briefing on Tuesday that Iran’s Shahed attack drones are a major threat to the US military and that not all of them will be intercepted by US air defenses, CNN has reported. The report said that Secretary of War Pete Hegseth and Chairman of […]
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Mar 22, 2026 / Dave DeCamp
Iran Says It Will Completely Close Strait of Hormuz If US Bombs Iranian Power Plants
The Iranian military has warned that if the US or Israel bomb Iran’s power plants or other energy infrastructure, it will completely close the Strait of Hormuz and target similar infrastructure in Israel and regional countries hosting US bases. Lt. Col. Ebrahim Zolfaqari, spokesman for Iran’s Khatam al-Anbiya Central Headquarters, issued the warning in response […]
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