Apple's fourth-quarter revenue edged past analysts’ estimates despite a surprise sales decline in China, where it’s been struggling to stage a comeback. Total sales rose 7.9% to $102.5 billion in the period, which ended Sept. 27, the company said in a statement Thursday. That slightly beat the $102.2 billion average estimate. The company benefited from stronger-than-expected services growth, helping offset the China slowdown. The Mac and wearables division also performed better than anticipated....
Oct 30, 2025•10 min
Amazon's cloud unit posted the strongest growth rate in almost three years, reassuring investors concerned that the largest seller of rented computing power was losing ground to rivals. Amazon Web Services posted revenue of $33 billion, an increase of 20% from the prior year and the biggest year-over-year rise since the end of 2022. Analysts, on average, estimated 18% growth. The shares jumped about 10% in extended trading after closing at $222.86 on Thursday. The stock has lagged behind that of...
Oct 30, 2025•14 min
Founded in 2002, True Religion emerged onto the Los Angeles denim scene by disrupting the construction of the classic five-pocket jean. With its five-needle thread at two-stitch-per-inch process, the True Religion Super T stitch was instantly recognized for style that was unlike any other denim brand in the world. Today, True Religion is worn by athletes, musicians, artists, and loyal customers alike with the company putting its focus on producing high quality premium denim, sportwear and other ...
Oct 30, 2025•11 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Meta Platforms Inc. said it expects total expenses to significantly increase in 2026, and the company will continue to spend at historic levels on data centers and other equipment to fuel its effort in artificial intelligence. The shares dropped in extended trading. The company also reported third-quarter net income of $2.71 billion, which included a one-time, non-cash income tax charge of $15.9 billion due to the implementat...
Oct 29, 2025•32 min
Microsoft Corp. reported a steeper climb in spending than Wall Street expected, fueling anxieties about the high costs of providing AI infrastructure. First-quarter capital expenditures including leases, an indication of data center spending, came in at $34.9 billion, up from $24 billion in the preceding quarter, the company said Wednesday. Microsoft continues “to increase our investments in AI across both capital and talent to meet the massive opportunity ahead,” Chief Executive Officer Satya N...
Oct 29, 2025•23 min
Wayfair shares rose to their highest level since April 2022, after the e-commerce home furnishing retailer reported third quarter results that easily topped expectations. On the earnings call, management gave guidance for the current quarter that also topped consensus estimates, and spent much of the call discussing its efforts to leverage artificial intelligence technology. Kate Gulliver, Wayfair's CFO and CAO, discusses her company's long-term prospects for increasing its share of the $500 bil...
Oct 29, 2025•12 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . OpenAI is giving its long-time backer Microsoft Corp. a 27% ownership stake as part of a restructuring plan that took nearly a year to negotiate, removing a major uncertainty for both companies and clearing the path for the ChatGPT maker to become a for-profit business. Under the revised pact, Microsoft will get a stake in OpenAI worth about $135 billion, the companies said in a statement Tuesday. In addition, Microsoft will ...
Oct 28, 2025•37 min
Long before it became the biggest collection of knowledge in the history of the world, Wikipedia had to overcome its greatest challenge: getting strangers on the Internet to trust each other. They had to trust that others would not be abusive or uncivil, that others would not unfairly change or erase their contributions, and that people had good intentions. Jimmy Wales, the internet entrepreneur who founded Wikipedia, details the global experiment in sharing knowledge and expertise online that h...
Oct 28, 2025•8 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Amazon.com Inc. plans to cut corporate jobs in several key departments, including logistics, payments, video games and the cloud-computing unit, according to people familiar with the matter. The terminations, expected as soon as Tuesday, could affect as many as 30,000 jobs, Reuters reported on Monday, citing sources. Cuts on that scale would be the largest since rolling reductions in late 2022 and early 2023 that ultimately to...
Oct 27, 2025•34 min
Montage International is a collection of luxury vacation properties consisting of 15 hotels and resorts with another 14 more currently in development. As an asset manager and operator, Montage's strategy includes long-term partnerships with owners, real estate partners, developers, investors and associates. Montage Hotels and Resorts is the only Forbes five star rated hotel brand. Alan Fuerstman, the company's Founder, Chairman and CEO, discusses the state of the high-end leisure and travel mark...
Oct 27, 2025•13 min
Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloombe...
Oct 24, 2025•1 hr 13 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . The Ontario government plans to stop running the anti-tariff advertisement that irked President Donald Trump after airing it during broadcasts of baseball’s World Series. The government-funded ad, which featured excerpts of late US President Ronald Reagan criticizing tariffs, will stop appearing after Friday and Saturday’s games, following Trump’s criticism of it, Ontario Premier Doug Ford said in a post on the social media n...
Oct 24, 2025•33 min
The Division of Genetics and Genomics at Boston Children’s Hospital provides comprehensive clinical care including diagnostics, genetic counseling, and individualized management in concert with other specialties for people of all ages. As one of the largest pediatric genetics practices in the country, this key division of BCH has experience with both common conditions and very rare conditions affecting just a few hundred children in the world. Dr. Wendy Chung, Chief of Pediatrics at Boston Child...
Oct 24, 2025•8 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Basketball player Terry Rozier told a friend in 2023 that he planned to take himself out of a game early with a minor injury. The friend, Deniro Laster, used the tip to place more than $200,000 in bets predicting Rozier would fall short of his usual point total. By the next morning, prosecutors say, the two men were counting their winnings together in Rozier’s home. The Charlotte Hornets guard at the time played just nine min...
Oct 24, 2025•43 min
Northwind Group is a real estate private equity firm in Manhattan that has transacted on over $5.6 billion of debt and equity investments in residential, commercial, senior living & healthcare properties. The company says it invests on its own balance sheet through discretionary closed-ended managed funds, focused on generating strong risk-adjusted returns while maintaining rigorous investment criteria. Ran Eliasaf founded Northwind Group in 2008 and oversees all company investment activitie...
Oct 23, 2025•12 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Tesla Inc.’s third-quarter profit fell short of Wall Street’s expectations despite record electric-vehicle sales, a sign of the pressure automakers are facing from shifting federal policies and rising costs. Adjusted earnings were 50 cents per share in the period, the company said Wednesday in a statement. Analysts had expected 54 cents on average in estimates compiled by Bloomberg. Revenue was $28.1 billion, outpacing expect...
Oct 22, 2025•38 min
Founded in 1865, Faribault Mill produces handcrafted blankets, decorative throws, apparel, and accessories. From providing woolen blankets for pioneers heading west and comforting US troops through two world wars, to contemporary products, the company's products are all made in the United States. Ross Widmoyer, the company's president and CEO, discusses his firm's rich history and the value proposition of a product line that's free from tariffs and other geopolitical impediments. Ross speaks wit...
Oct 22, 2025•12 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Netflix Inc. said a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates. The world’s most valuable entertainment company posted quarterly operating income of $3.24 billion, according to a statement Tuesday, about $400 million below its own forecast and analysts’ estimates. The company’s outlook for the current quarter is largely in line with Wall Stre...
Oct 21, 2025•37 min
Hannah Elsakr, VP & Head of GenAI Ventures at Adobe joins to discuss the establishment of Adobe Foundry Services, which enables businesses to work directly with Adobe and create tailored generative AI models and videos. Hosted by Carol Massar and Tim Stenovec See omnystudio.com/listener for privacy information.
Oct 21, 2025•8 min
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF . Amazon Web Services, the world’s largest cloud provider, said issues continued to plague its operations after a widespread outage degraded services for a range of customers including government agencies, AI companies and financial platforms. Hours after saying Monday that it had mostly recovered from the database network issue, AWS said some users were still struggling to connect with rented servers. In an update on its healt...
Oct 20, 2025•45 min
The global battle among the three dominant digital powers―the United States, China, and the European Union―is intensifying. All three regimes are racing to regulate tech companies, with each advancing a competing vision for the digital economy while attempting to expand its sphere of influence in the digital world. Across the globe, people dependent on digital technologies have become increasingly alarmed that their rapid adoption and transformation have ushered in an exceedingly concentrated ec...
Oct 20, 2025•11 min
Make sense of the world with one essential conversation, every week. Mishal Husain, one of Britain's best interviewers, brings her signature blend of curiosity and tenacity to weekly conversations with world leaders, business titans, and cultural icons, revealing who they really are and how they see the world changing around them. Follow the podcast wherever you listen, so you don't miss an episode. swap.fm/l/P1iueaQy5gndhEheLwN3 See omnystudio.com/listener for privacy information....
Oct 19, 2025•2 min
Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloombe...
Oct 17, 2025•1 hr 13 min
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF. A jittery week on Wall Street ended on a positive note for stocks as President Donald Trump’s remarks soothed anxiety around trade tensions while regional banks rebounded. Bonds, gold and silver fell. The bounce in equities sent the S&P 500 to its best week since August, with Trump expressing optimism that talks with Chinese officials could yield an agreement to defuse the tariff spat between the world’s two...
Oct 17, 2025•41 min
Professor Deblina Sarkar leads a research group at the MIT Media Lab developing microscopic technologies that work inside the human body. Her team creates ultra-small sensors and antennas, with some able to operate inside cells, to help detect disease early and enable low-power, smart health devices. This work blends biology, electronics, and AI, and has powerful implications for women’s health, where conditions are often underdiagnosed. Professor Sarkar explains how these nascent technologies a...
Oct 17, 2025•11 min
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump said he would hold a second meeting with Russian President Vladimir Putin at a yet-to-be determined date aimed at ending the war in Ukraine. Trump and Putin agreed to meet in Budapest during a two-hour phone call on Thursday. The two leaders met in Alaska in August, but failed to reach a breakthrough. “I believe great progress was made with today’s telephone conversation,” Trump posted...
Oct 16, 2025•36 min
Teri Williams is President and Chief Operating Officer of OneUnited Bank. She is responsible for implementation of the Bank’s strategic initiatives, as well as the day-to-day operations. Under her leadership, OneUnited Bank has consolidated four (4) banks and launched a digital platform to create a powerful national brand supported by innovative technology, products and services. Under her leadership, the bank introduced new first of its kind AI driven conversational financial wellness app power...
Oct 16, 2025•12 min
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF . A US judge has ordered the Trump administration to pause plans to fire thousands of federal workers during the government shutdown while labor unions challenge the move.The ruling on Wednesday from US District Judge Susan Illston in San Francisco follows layoff notices that have gone out to more than 4,100 federal employees since last week. The order isn’t a final decision on the merits of the case. It means th...
Oct 15, 2025•36 min
Women currently control about one-third of the world's wealth and that figure is expected to rise to 50% by the end of the decade, according to research data from BlackRock. Women are also playing an increasingly large role in driving and engaging with the capital markets, and these statistics could indicate a coming structural shift for the financial services industry. Jaime Magyera, the Head of BlackRock’s US Wealth Advisory business and Head of BlackRock’s Retirement business, discusses inves...
Oct 15, 2025•11 min
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF . Investors spooked by the implosion of auto lender Tricolor Holdings and car-parts supplier First Brands Group got little reassurance Tuesday from the head of the biggest US bank. “My antenna goes up when things like that happen,” Jamie Dimon, JPMorgan Chase & Co.’s chief executive officer, said on a call with analysts. “I probably shouldn’t say this, but when you see one cockroach, there are probably more. ...
Oct 14, 2025•40 min
