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Goldman Sachs cuts S&P 500 target, citing Maleficent 7 weakness

The Magnificent Seven — the group comprised of tech stocks Nvidia (NVDA), Alphabet (GOOG, GOOGL), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Apple (AAPL) — has been relabeled as the “Maleficent” Seven by Goldman Sachs. Brad Smith and Madison Mills take a closer look at the analyst note as the Goldman team […]

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With Big ‘Silo’ Renewal By Apple TV+ And Return Of The “Netflix Effect”, AMC Networks Staying In Third-Party Licensing Game

Last December’s two-season renewal of Apple TV+ series Silo was a boon to AMC Networks, whose studio arm produces the show. But even though there’s no major follow-up project in the pipeline, top execs plan to remain in the third-party business. “Currently we’re producing pretty much exclusively for our AMC-owned platforms,” Dan McDermott, president of […]

Business & Finance

Silicon Valley venture capital pioneer Dick Kramlich, an early investor in Apple, dies at 89

Dick Kramlich, founder of New Enterprise Associates, discusses on “Sexism in the valley” during the third day of Web Summit in Altice Arena on Nov. 8, 2017 in Lisbon, Portugal. Horacio Villalobos | Corbis News | Getty Images Dick Kramlich, the venture capital pioneer who co-founded New Enterprise Associates almost 50 years ago and built […]

Business & Finance

Apple’s iPhone SE Could Be The Best iPhone Yet

Apple CEO Tim Cook walks through a crowd during an Apple special event in Cupertino, California … [+] (Photo by Justin Sullivan/Getty Images) Getty Images With Apple expected to launch the iPhone SE in the next few months, why could this iPhone be one of the best smartphones to buy in 2025? iPhone SE And […]

Business & Finance

Apple (AAPL) Q1 earnings 2025

Apple’s overall revenue rose by 4% in its first fiscal quarterbut it missed on Wall Street’s iPhone sales expectations and saw sales in China decline 11.1%, the company reported on Thursday. Shares fell less than 2% in extended trading. Here’s how Apple did versus LSEG consensus estimates for the quarter ending Dec. 28. Earnings per […]

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Apple faces a ‘fork in the road year,’ analysts say

Photo: Cheng Xin (Getty Images) As Apple (AAPL) stock takes a tumble to kick off 2025, analysts at Wedbush don’t see cause for concern. “We believe the panic and bear frenzy around Apple is way overdone” heading into next week’s December earnings report, analysts led by Dan Ives said in a research note Wednesday. So […]

Business & Finance

Apple and Google hit with UK antitrust probe into mobile ecosystems

Omar Marques | Lightrocket | Getty Images Britain’s competition regulator on Thursday launched an investigation into Apple and Google’s huge mobile ecosystems to determine whether the tech titans are in breach of the U.K.’s strict new digital competition rules. The U.K. Competition and Markets Authority said it was opening dual probes into both U.S. tech […]