Apple (AAPL) Q3 FY2026: Record USD 109.4B Revenue but Stock Sinks 6% on Services Miss, China Shortfall, and DRAM Warning
Apple logged its best June quarter ever with USD 109.4B in revenue and EPS of USD 2.02, both beating consensus. But the stock dropped more than 6% after hours on a USD 480M services miss, a USD 800M China shortfall, cautious 9–11% Q4 guidance, and CEO Tim Cook's warning that surging DRAM/NAND costs are 'a once-in-a-century flood.'
Korean Dividend Withholding Tax Guide: Rates, ADR Rules & Refund for U.S. Investors (2026)
South Korea withholds 22% on dividends paid to non-residents. U.S. investors qualify for a 15% treaty rate on ADRs automatically. Rates, forms, and refund steps explained.
Tesla Denies China Business Sale as SpaceX Merger Speculation Escalates
Tesla's Elon Musk dismissed WSJ reports that the company is exploring selling its China business to enable a SpaceX merger, calling it 'absurdly fake news.' TSLA closed -2.97% at $298.32. Analysis of the Shanghai factory's strategic weight, merger structure hurdles, and what investors should track.
Amazon Q2 2026: Revenue Tops $200B for First Time as AWS Posts Fastest Growth in 18 Quarters
Amazon reported Q2 2026 net sales of USD200.6 billion (+20% YoY), crossing the USD200B quarterly threshold for the first time. AWS grew 37% to USD42.2B — its fastest rate in 18 quarters — driven by AI services and custom silicon. GAAP EPS of USD5.75 beat consensus but includes USD53.4B in Anthropic investment gains. Q3 guidance of USD197B–202B midpoint trails consensus. Subsidiary Zoox won the first US federal exemption for paid driverless robotaxis. AMZN rose ~9% after hours.
Eli Lilly and Resilience Commit USD 750 Million to Expand GLP-1 Manufacturing in Ohio, Adding 400 Jobs
Eli Lilly (NYSE: LLY) and privately held CDMO Resilience are jointly investing USD 750 million to scale sterile injectable manufacturing in the Cincinnati, Ohio region, targeting KwikPen production for GLP-1 blockbusters Mounjaro and Zepbound. The deal creates 400+ high-skilled jobs and begins operations in early 2027, bringing Lilly's total U.S. capex since 2020 above USD 55 billion.
Apple Reports Record Q3 Revenue of $109.4B, But AAPL Slides 8% on Supply-Constrained Q4 Outlook
Apple reported Q3 FY2026 revenue of $109.4B (+16% YoY), beating consensus, with iPhone up 22% and EPS of $2.02. However, AAPL fell 8% after hours as Q4 guidance of +9–11% revenue growth fell short of the 12% consensus, and Services missed estimates. Gross margin of 50.1% included a ~2pp one-time tariff refund tailwind.
Apple (AAPL) Q3 FY2026 Earnings Preview: Tim Cook's Final Call as $5 Trillion Market Cap Faces iPhone-AI Test
Apple reports Q3 FY2026 earnings today (July 30) after close. Consensus expects $108.9B revenue (+16% YoY) and EPS of $1.89 (+20%). iPhone segment seen at ~$53B. This may be CEO Tim Cook's final earnings call before John Ternus takes over on September 1.
ICE to Buy MarketAxess for $6B, Betting NYSE's Playbook Can Fix the $145 Trillion Bond Market
NYSE parent ICE to acquire MarketAxess (MKTX) for $167/share cash ($6B equity value), a 33% premium, aiming to unify institutional and retail bond trading and challenge Tradeweb in the $145T global fixed income market.
Verizon's $1.5B Asset-Light Fiber Push: Bain and Tillman Back Eaton to Reach 1 Million New Homes
Bain Capital and Tillman Global Holdings announced a $1.5 billion investment in Eaton Fiber on July 29, enabling Verizon's expansion to 1M+ new fiber locations through the acquisition of Ripple Fiber — a 10-state network operator.
Microsoft (MSFT) Q4 FY2026: Azure Crosses USD 100B Milestone, EPS USD 4.81 Beats as AI CapEx Holds Steady
Microsoft Q4 FY2026 earnings beat: Revenue USD 90.0B (+18%), Azure +43% crossing the USD 100B annual milestone for the first time. GAAP EPS USD 4.81 beat the USD 4.24 consensus estimate. Q4 capex came in at USD 35.8B, slightly below expectations — a contrast with Meta and Alphabet which raised AI spending forecasts. MSFT rose 3-8% after hours.
Paramount CEO 'Highly Confident' $111B Warner Bros. Discovery Deal Survives 12-State Legal Challenge
Paramount CEO David Ellison issued a staff memo July 29 saying he is 'highly confident' the $111 billion acquisition of Warner Bros. Discovery will close, even as 12 state attorneys general have obtained a court order blocking the deal. WBD trades at $25.77 vs the $31.00 offer price — a 12.5% spread.
DoorDash Air Takes Flight: Company Builds Proprietary Drone Division After FAA Part 135 Certification
DoorDash launches DoorDash Air, a proprietary drone delivery division backed by FAA Part 135 air carrier certification. The in-house division, developed by DoorDash Labs, operates alongside existing Wing and Flytrex partnerships and integrates with an Autonomous Delivery Platform coordinating aerial, ground-robot, and human deliveries in real-time.