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Business

“Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion”

“Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs.   Apple fell under 3% in extended trading. “We had a very strong performance… Continue Reading…

Economy

“Jobless claims post sharp decline to 326,000, better than expectations”

“The total of Americans submitting jobless claims fell sharply last week as enhanced federal unemployment benefits wound down, the Labor Department reported Thursday. Initial filings for unemployment benefits totaled a seasonally adjusted 326,000 for the week ended Oct. 2, below… Continue Reading…

Business

“Comcast beats earnings expectations, reports Peacock sign-ups grow to 42 million”

“Comcast reported first-quarter results on Thursday that beat analyst estimates on the top and bottom lines. Shares were up more than 3% in the morning. Here are the key numbers: Adjusted earnings per share: 76 cents vs 58 cents expected in a… Continue Reading…

Economy, Stocks

“…Nasdaq 100 sets new intraday high”

“Stocks reversed earlier losses and rose Thursday, pacing toward a fifth straight day of gains as investors looked past a new report showing new unemployment insurance claims totaled another 1.877 million last week, coming in slightly above expectations. The Nasdaq 100 rallied… Continue Reading…