News

Apple to launch new lower-cost iPhone to capture a broader market

The fourth generation of the lower-cost model, so far known as iPhone SE, will take on popular Android smartphones at a time when consumer electronics makers are looking to add artificial intelligence tools into their devices. The current-generation of iPhone SE, released in 2022, is available at $429 and the latest version is likely to be priced at a premium to the outgoing model. "If the SE 4 offers meaningful upgrades in design, performance, and AI features, it could reinvigorate its market appeal and strengthen Apple's position across different price segments," Counterpoint Research senior analyst Varun Mishra said.

Parsons (NYSE:PSN) Misses Q4 Revenue Estimates, Stock Drops

Infrastructure and defense services provider Parsons (NYSE:PSN) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 16.1% year on year to $1.73 billion. The company’s full-year revenue guidance of $7.25 billion at the midpoint came in 1.3% below analysts’ estimates. Its non-GAAP profit of $0.78 per share was 14.6% below analysts’ consensus estimates.

Walmart faces some tariff challenges as Wall Street awaits record-breaking sales

Penny-pinching Walmart shoppers focus much more on getting the lowest prices than on whether products are made in the U.S., Canada, China or elsewhere, Walmart executives have said. When Walmart discloses results on Thursday, the chain of more than 4,600 U.S. stores is likely to show that it rang up record annual sales, according to LSEG estimates. Walmart revenue rose by roughly 5% to $680.47 billion for the year ending January 31, 2025, according to LSEG estimates ahead of the results.

Easy Gains Are Over for European Stocks, Say Barclays Strategists

(Bloomberg) -- The “easy gains” are over for European stocks, with the market now fairly priced after this year’s sharp rally, according to Barclays Plc strategists.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Pr