The Rundown Apple Guides to Record-Breaking Holiday Quarter, Amazon Posts Best Cloud Growth Since 2022
Oct 31, 2025
Explore the intriguing outcomes of the Trump-Xi meeting, including tariff rollbacks and eased export limits. Apple's impressive earnings come with challenges from local competition and hefty tariff costs. Discover Amazon's robust growth in its cloud division, contributing to a significant stock rally. Dive into Reddit's surprising revenue surge and Netflix's stock split news. Plus, get a fun fact about skyrocketing Halloween candy prices, showcasing the impact of rising chocolate costs!
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AI Spending And Fed Comments Drag Markets
- Markets fell as investors worry about big tech AI spending and possible absence of December rate cuts.
- Meta's 11% drop and Powell's comments weighed on the S&P 500 and Nasdaq performance.
US-China Meeting Eases Some Trade Tensions
- Trump and Xi met for the first time face to face in six years and struck several trade-related deals.
- They rolled back a fentanyl tariff by 10%, paused shipbuilder tariffs, and China eased some rare-earth export restrictions.
Apple Pulls Off An Earnings Trifecta
- Apple posted an earnings trifecta with revenue and EPS beats and raised guidance for the coming quarter.
- Tim Cook cited iPhone 17 strength and 15% services growth as key drivers of the record quarter.