Apple Tops Wall Street Expectations With $24.78 Billion Profit

Apple built its business by innovating. But lately, it’s been leaning on diplomacy. Tim Cook, Apple’s chief executive, recently scored exemptions from tariffs on exports of Chinese-made iPhones. The maneuver freed Apple to focus on business, and lately, business has been good. A new, lower-priced iPhone, which the company introduced in February, and strong sales…

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OpenAI Closes Deal That Values Company at $300 Billion

OpenAI said on Monday that it had completed a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just six months ago. The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, making it one of the most valuable private companies in the world, along with the…

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Eight Watch Brands Now Sell $1 Billion a Year

In 2017, the Swiss watch industry had just five brands that sold more than $1 billion at retail every year: Rolex, Omega, Cartier, Patek Philippe and Longines. Today, that exclusive club has grown to eight with the addition of Audemars Piguet, Richard Mille and Vacheron Constantin, out of a watch universe estimated to include 400…

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Google Seals $32 Billion Deal for Cyber Start-Up Wiz

Google has agreed to buy Wiz, a fast-growing cybersecurity start-up, for $32 billion in the company’s biggest push to strengthen its cloud-computing business and expand beyond the search engine and consumer internet services that made it a household name. The all-cash deal, announced on Tuesday, would be Google’s largest, easily surpassing its $12.5 billion purchase…

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