Apple Inc.’s personal computer shipments declined by 40.5% in the first quarter, the worst drop since the final three months of 2000, after sluggish demand and an industrywide glut hit the Mac maker especially hard.
Infinity Q Capital Management LLC founder James Velissaris was sentenced to 15 years in prison after pleading guilty to fraudulently inflating assets held by two investment funds.
After a week of rocket attacks and shootings by Palestinian militants on multiple fronts, Israeli Prime Minister Benjamin Netanyahu backtracked on his decision to fire Defense Minister Yoav Gallant. The minister had angered Netanyahu by calling to suspend his government’s plan to weaken the judiciary, saying it was dividing the nation.
The Biden administration is asking a federal judge in Washington state to explain how the government can comply with his order preserving access to the abortion pill in the face of a conflicting ruling by a federal judge in Texas.
(Bloomberg) — Traders raised the odds of another quarter-point rate increase by the Federal Reserve in May in the wake of strong employment data released Friday during a holiday-shortened session.
Hedge funds are reloading on bearish wagers on US equities, betting the latest market retreat will persist amid worsening economic data and corporate earnings.
Donald Trump is appealing a court decision that would require his former Vice President Mike Pence to appear before a federal grand jury probing efforts to undermine the 2020 presidential election, according to a person familiar with the matter.
The Federal Home Loan Bank system issued $37 billion in debt in the last week of March, a sharp drop-off from the $304 billion two weeks earlier, according to a person familiar with the matter. That plunge from an all-time peak earlier in the month is an early sign that the banking crisis has started to subside.
Workers at a Tyson Foods Inc. poultry plant in Van Buren, Arkansas, are striking to demand better conditions as labor at the facility grows tight before a scheduled closure in May.
Toronto-Dominion Bank may seek a lower price for First Horizon Corp., but it still has an incentive to close the deal, according to a Canadian asset manager who specializes in financial stocks.
