Category: Business & Economy

Apple’s Newest Line Dominated iPhone Sales in Q1: What It Could Mean for Earnings

New research released ahead of Apple Inc.’s March quarter results, due on April 28, points toward strong uptake for the latest iteration of its iPhones. What Happened The entire Apple iPhone 13 lineup had the largest share of the total iPhones sold in the United States in several years, in the March quarter, market research firm Consumer Intelligence Research Partners (CIRP)…


LIVE UPDATES: Russia Reveals Crew Losses From Sunken Warship

The latest on the Russia–Ukraine crisis, April 23. Click here for updates from April 22. Russia Reveals Crew Losses From Sunken Warship At least one person was killed and another 27 are missing after the Moskva, the flagship of Russia’s Black Sea fleet, sunk earlier this month, according to Russian state media. Another 396 crew…


LIVE UPDATES: US Warns Russia of ‘Astronomical’ Nuclear Price

The latest on the Russia–Ukraine crisis, April 23. Click here for updates from April 22. US Warns Russia of ‘Astronomical’ Nuclear Price Russia would pay an “astronomical” price should its President Vladimir Putin order the use of tactical nuclear weapons in Ukraine, the US Under Secretary of State for Political Affairs Victoria Nuland said on…


LIVE UPDATES: Ukraine: Russian Offensive Continues in East

The latest on the Russia–Ukraine crisis, April 23. Click here for updates from April 22. Ukraine: Russian Offensive Continues in East The Ukraine military’s general staff says that Russian forces continue their “offensive operations” in eastern Ukraine with the goal of defeating Ukrainian forces, establishing full control over the Donetsk and Luhansk regions, and securing…


EU May Allow Gas Payments Under New Russian Ruble Exchange Decree Without Breaching Sanctions

The European Commission sent new guidance to its member states on April 21, admitting that it “appears possible” for European buyers of Russian gas to pay according to the terms of Moscow’s decree on ruble conversion without violating international sanctions. Many European countries in the Euro bloc are heavily dependent on 40 percent of their…


Microsoft Analyst Warns Ahead of Quarterly Earnings: ‘There’s Little Margin for Error’

Microsoft Corporation is scheduled to report its fiscal-year third-quarter results after the market closes next Tuesday. Ahead of the event, an analyst at Piper Sandler sounded out downside risks but retained his bullish bias. Microsoft Analyst Brent Bracelin maintained an Overweight rating and $352 price target on Microsoft shares. Microsoft Thesis Durability of the Microsoft…


You Ask, We Analyze: As the SPY Continues to Plunge, Here’s Where to Watch for the Bounce

On Thursday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Friday. From the replies Benzinga selected one ticker for technical analysis. @SnowsBurner, @NealEllis16 and @AndreasErnesto are buying the SPDR S&P 500. The SPY gapped up 0.86 percent on Thursday but plunged intraday to close the session down 2.34 percent off…


Elon Musk Creates 3 Holding Companies in Effort to Buy Twitter

Elon Musk, CEO of Tesla and SpaceX, has created three Delaware-based holding companies in his recent bid to acquire Twitter, raising the possibility of a broader umbrella company for the investor’s numerous business interests. These holding companies, named “X Holdings I,” “X Holdings II,” and “X Holdings III,” were filed with the Securities and Exchange…


Rosenblatt Gets Cautious on Texas Instruments, Intel Ahead of Earnings

Rosenblatt views on the earnings for next week: Texas Instruments Inc. will report results on April 26. Rosenblatt saw a slight beat and raise limited by continued supply chain constraints. Rosenblatt saw the 1Q22 sales coming in above its consensus estimates of a low-single-digit sequential decline and EPS coming above its consensus estimate buoyed by…


Crypto Exchange Currency.com Registers With FinCEN: A New Compliant US Crypto Exchange

Cryptocurrency and tokenized asset exchange Currency.com set its foot in the United States following registration with the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) as a money services business. In an announcement shared with Benzinga on Thursday, Currency.com announced that it will launch in 48 states and territories across the United States and…