Apple and Amazon Decline; Airbnb Travel Weakness; Chevron Takes a Hit
On this episode of Stock Movers:- Apple (APPL) shares are lower this morning after the iPhone maker reported service revenue for the fiscal second quarter that trailed the average analyst estimate. The company expects $900 million in higher costs from tariffs this quarter and warned that revenue will increase by a percentage in the low- to mid-single digits, below analyst estimates.- Amazon (AMZN) is following Apple downward this morning after it said it expects a tougher business climate in the coming months due to tariffs and economic turmoil, which may affect consumer spending. The…
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