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Apple Holiday Profit Forecast Slips Despite Record Revenue Outlook
Apple's holiday guidance implies a 1% operating profit decline despite 8.5% revenue growth, as margin pressure and rising expenses offset record sales expectations.
Stocks Rebound as Oil Prices Slide; Manufacturing Costs Still Climb
U.S. stocks rebounded Monday as oil prices plunged, but a factory survey revealed widespread cost increases, casting doubt on the relief rally.
GEO Group Lands 2,329-Bed Texas ICE Contract, $200M Annual Revenue
GEO Group announced a 10-year ICE agreement for 2,329 Texas beds, projecting $200M in first-year revenue. Per-bed revenue aligns closely with its Tacoma contract.
Apple Stock Slips Ahead of Q4 Report; Tariff Refunds Boosted June EPS by 24%
Apple (AAPL) shares fell 1.51% ahead of its earnings release. Tariff refunds contributed 24.4% of June-quarter EPS growth, a key metric for investors.
Marvell's $115B Lumentum Buy Priced at 22.8x Sales
Marvell Technology acquires Lumentum in a $115 billion all-stock deal, valuing the optical firm at 22.8 times its latest annualized revenue. The deal is set to close in the first half of 2028.
VIX Ends Week Flat Despite Friday's 12.9% Surge
The VIX jumped 12.91% on Friday to 19.42 but ended the week slightly lower. October saw an 18.85% rise. Stocks were mixed, with the S&P 500 down 0.6% and Nasdaq off 2%.
Micron Slips 5.3% Despite Record Earnings, P/E Drops to 11.9
Micron Technology (MU) dropped 5.3% on Friday to $884.74, bringing its P/E to 11.9 despite record annual earnings. The selloff reflects broader chip concerns and Intel's revenue warning.
Nasdaq-100 Claws Back Only 22% of Friday's Drop
The Nasdaq-100 closed down 3.46% Friday, recovering only 22% of its session low. Intel and Amazon earnings exposed PC demand and AI spending pressures.
Binance Says USDC Fully Backed, 823M Tokens Frozen
Binance says USDC is fully backed after Thursday's theft, with 823 million USDC frozen. Circle can blacklist the stablecoin to aid recovery.
Nvidia's SpaceX Stake Drops $1.13B in Friday Selloff
Friday's SpaceX selloff cut Nvidia's disclosed stake value by $1.13B to $16.54B, as both stocks declined sharply.
Keselowski's RFK Exit: 20% Stake Sale Looms as Driver Pursues 2027 Rides
Brad Keselowski has been granted permission to seek a 2027 drive outside RFK Racing and plans to sell his 20% equity stake, becoming a passive investor.
Mortgage Rates Dip to Seven-Week Low, Yet Annual Costs Still Up $284
Mortgage rates eased to a seven-week low, but homebuyers still face a $284 monthly premium versus last year. Freddie Mac's weekly average dipped to 7.24%.