The Rundown Apple Posts Best Sales Growth Since 2021, Amazon's Cloud Business Lags
30 snips
Aug 1, 2025 The stock market is feeling the heat with recent declines in the S&P 500 and NASDAQ. Apple surprises everyone with strong Q2 earnings while Amazon grapples with challenges. Figma's IPO is the talk of the town, showcasing remarkable growth. Meanwhile, Moderna faces setbacks due to a revenue forecast cut linked to vaccine delays. Finally, Ray Dalio's exit from finance and shift to becoming a finance influencer adds an intriguing twist to the week.
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Tariffs Drive Inflation, Jobs Slow
- Inflation is rising due to tariffs, hitting the highest level since February at 2.6%.
- However, job growth is slowing, showing a mixed economic outlook that could make markets unstable.
Apple's Sales Growth and Tariffs Impact
- Apple's revenue grew nearly 10%, the fastest in three years, driven by iPhones and a rebound in China.
- Tariffs made customers rush to buy iPhones before potential price hikes, costing Apple about $800 million last quarter.
Apple Eyes AI Growth Strategy
- Apple is committed to advancing its AI strategy with significant investments and potential acquisitions.
- Tim Cook mentioned M&A could accelerate Apple's AI roadmap this year.