Apple’s gross margin hits record as services business keeps growing As services become a bigger part of Apple’s business, the company continues to deliver higher profit margins for investors.

Instagram tests Reels pause feature as TikTok remains in limbo Meta is testing a pause feature with a small group of users on Instagram Reels.

Cook points to ‘fiscal stimulus’ after Apple suffers steepest China sales decline in a year China is “the most competitive market in the world,” Cook told analysts on Thursday.

Intel issues weak forecast, but beats on fourth-quarter results Intel said seasonality, competition and an uncertain economy are resulting in challenges to its business.

Apple shares rise 3% as boost in services revenue overshadows iPhone miss Although Apple’s overall sales rose during the quarter, the company’s closely watched iPhone sales actually declined slightly on a year-over-year basis.

Samsung flags chip slowdown as profit drops sharply from previous quarter While fourth-quarter revenue and operating profit fell quarter on quarter, annual revenue reached the second-highest on record, Samsung said.

DeepSeek’s AI claims have shaken the world — but not everyone’s convinced DeepSeek claims its R1 outperforms OpenAI’s latest o1 model despite costing a fraction of the price the U.S. AI lab charges for its large language models.

Extreme demand took down LA’s water system during the Palisades Fire. Here’s how other U.S. cities can prepare Some 20% of hydrants failed during the fight to save the Pacific Palisades from LA’s massive fire on Jan. 7. Here’s how other U.S. cities can better prepare.

Tesla reports $600 million bitcoin profit jump after digital assets rule change A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.

Zuckerberg says Meta won’t slow down AI spend despite DeepSeek’s breakthrough Meta CEO Mark Zuckerberg said China-based DeepSeek has created a powerful artificial intelligence model, but it won’t likely curb Meta’s AI spending.

Amazon lays off ‘small number’ of employees in communications and sustainability units Amazon laid off more than 27,000 employees in 2022 and 2023 and has continued making smaller cuts.

Meta’s Reality Labs posts $5 billion loss in fourth quarter Meta’s Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth quarter.

IBM shares rise 9% on earnings beat In a statement, IBM CEO Arvind Krishna said the company has recorded $5 billion in bookings for its generative AI business.

Mark Zuckerberg starts Meta earnings call by praising Trump administration Meta CEO Mark Zuckerberg praised the Trump administration during a call with investors on Wednesday.

Meta shares pop after company beats on revenue Meta reported earnings after the bell. Here are the results.

Tesla fourth-quarter results miss estimates as automotive revenue drops 8% Tesla reported weaker-than-expected earnings and revenue for the quarter that ended in December.

Microsoft shares slip on weak quarterly revenue guidance Microsoft intends to address execution challenges in its key cloud unit, while continuing to endure supply constraints.

Tesla’s CFO says tariffs would ‘have an impact’ on company’s profitability Tesla’s finance chief said on Wednesday that the company’s profitability could take a hit if the new presidential administration implements tariffs.

ASML CEO sees low-cost AI models like DeepSeek driving more demand — not less Without addressing the specifics of DeepSeek’s model, ASML CEO Christophe Fouquet told CNBC he sees no sign of a slowdown in demand for AI chips.

Britain takes stake in SpaceX rival Orbex to boost space ambitions The U.K. government has invested £20 million in Orbex, a Scottish spaceflight startup aiming to rival Elon Musk’s SpaceX.