Apple Posts Record Quarterly Results Despite Parts Shortages

Apple posted record quarterly results even as supply shortages hindered sales, and Chief Executive Tim Cook said those constraints are improving.

 
Visa stock gains as quarterly revenue tops $7 billion for the first time

Visa Inc. topped $7 billion in quarterly revenue for the first time, buoyed by a quicker-than-expected resumption in travel spending and sustained growth in categories like e-commerce that had been strong throughout the pandemic.

 
Robinhood Stock Falls as 2022 Is Off to a Slow Start

The trading platform says it expects its first-quarter revenue to fall 35% from a year ago.

 
Robinhood Meme-Stock Negligence Suit Is Rejected by Judge

The ruling comes ahead of the first anniversary of trading restrictions on GameStop and AMC Entertainment shares.

 
Jeep Owner's Chinese Partner Says It Was Caught Unaware by Deal Announcement

Stellantis came under fire from a key Chinese manufacturer for announcing a deal to acquire majority ownership of a joint venture the firms operate together, a sign of the trade tensions between China and the West.

 
Don Julio Maker Is Running Low on Booze That Takes Years to Make

Diageo said soaring pandemic demand for spirits is depleting stocks of Crown Royal whisky, Lagavulin Scotch and Don Julio tequila.

 
LVMH 2021 Earnings Surged as Top Line Keeps Gaining Pace

LVMH Moet Hennessy Louis Vuitton said revenue growth continued to accelerate at the end of 2021, leading to a much higher profit.

 
Comcast's Broadband Growth Slows as Pandemic-Hit NBCUniversal Rebounds

Comcast added fewer broadband customers in its latest quarter, a slowdown that comes after record growth during the height of the coronavirus lockdowns.

 
Blackstone Earnings Nearly Double

The private-equity firm's real-estate business helped power a $1.4 billion profit in the fourth quarter.

 
AMD's Planned Purchase of Xilinx Clears Hurdle

China's market regulator conditionally approves the $35 billion deal, which AMD and Xilinx had reached in October 2020.

(END) Dow Jones Newswires

January 27, 2022 17:15 ET (22:15 GMT)

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