CUPERTINO, Calif. – Apple delivered its strongest June quarter on record, reporting $109.4 billion in revenue and beating analysts’ estimates of $108.65 billion in the company’s final earnings report before CEO Tim Cook steps down. A 22% jump in iPhone sales, combined with record spring quarter Mac revenue, helped drive…

CUPERTINO, Calif. – Apple delivered its strongest June quarter on record, reporting $109.4 billion in revenue and beating analysts’ estimates of $108.65 billion in the company’s final earnings report before CEO Tim Cook steps down. A 22% jump in iPhone sales, combined with record spring quarter Mac revenue, helped drive…

President Trump has enormous advantages. The single biggest factor driving the midterm elections is not going to be the economy or voter ID reform or even tax and spending cuts, although all those issues are important. Democratic socialism, too. Even the rate of economic growth, GDP, real incomes, affordability, all…

Certain robotic vacuum cleaners, including some Roomba-style devices, will be banned under the new U.S. policy restricting foreign-made advanced robotics, federal regulators told FOX Business on Thursday. The Federal Communications Commission (FCC) said robotic vacuums fall under its updated “Covered List” rules, adopted Tuesday, making certain new foreign-produced models ineligible…

The parent company of Taco Bell released its quarterly earnings report on Thursday and said that Taco Bell sales fell amid the cyclospora outbreak, though there were early signs of recovery in the last week. Yum Brands – which operates fast-food chains like KFC and Pizza Hut as well as…

FIRST ON FOX: The Trump administration is sending notices of intent to 100 agents affiliated with the Obamacare marketplace who allegedly violated the exchange’s standards of conduct by submitting insurance applications without recipients’ Social Security numbers or other identifying information. The Centers for Medicare & Medicaid Services (CMS), led by…

Mortgage rates rose this week to the highest level in a year, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.66% from last week’s reading of 6.58%. The average rate on a…

The Federal Reserve’s preferred inflation gauge fell in June, as the pace of price growth pulled back amid volatility in energy markets. The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index declined 0.1% on a monthly basis in June and was up 3.7% from a year ago. Both…

This story about the advance estimate of second-quarter GDP will be updated with further details. U.S. economic growth slowed unexpectedly in the second quarter of the year, according to the Commerce Department’s advance estimate.The Bureau of Economic Analysis (BEA) on Thursday released its advance estimate of second-quarter GDP, which showed the…

President Donald Trump said Wednesday his administration is considering additional safeguards for artificial intelligence following a recent cybersecurity incident involving multiple OpenAI models undergoing internal security testing. Asked about reports that OpenAI models autonomously breached another AI company’s systems during internal testing, Trump said the U.S. must strike a balance…