Apple Inc. delivered a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs will increase and that shortages of Mac computers will persist for “several months.”

Apple delivered a surprisingly strong revenue forecast for the third quarter, benefiting from new products launched in March, including the MacBook Neo and updated iPad Air. Ed Ludlow has more. (Source: Bloomberg)

Roblox Corp. reported first-quarter users that fell short of analysts’ expectations after implementing safety features restricting how kids, who make up a majority of its audience, can use the platform.

Apple delivered second-quarter revenue that edged past analysts’ estimates, helped by demand for the iPhone and Mac. Ed Ludlow reacts to the earnings report on "Bloomberg The Close." (Source: Bloomberg)

After a $300 billion AI debt binge that spanned every corner of the credit market, investors are starting to show some signs of fatigue.

Seaport Therapeutics Inc., a clinical-stage biotechnology company focused on antidepressants and anxiety drugs, raised nearly $255 million in an upsized US initial public offering that priced at the top of its marketed range, according to people familiar with the matter.

Gold held a gain after the US dollar retreated sharply on Japan’s likely intervention in the foreign-exchange market, helping to offset heightened inflation risks arising from the Iran war.

S&P 500 Index futures rose in early trading, signaling that a rally which pushed Wall Street gauges to record highs on strong megacap tech earnings may have further to run. The yen gained on a report of Japan’s intervention.

Australia’s subdued deals landscape is showing early signs of recovery after lagging Asia and the US, according to Goldman Sachs’ local head of mergers and acquisitions.

Petrobras pumped record oil and gas volumes in the first quarter and ran its refineries near full capacity, underscoring Brazil’s growing importance to global energy markets disrupted by the Iran war.