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May 1, 2026, 8:55 AM
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Top News

Apple:
Apple reports Q2 revenue up 17% YoY to $111.18B, vs. $109.66B est., net income up 19% to $29.58B, and authorizes an additional $100B share buyback program  —  March quarter records for total company revenue, iPhone revenue, and EPS  —  Services revenue reaches new all-time high
Reuters:
Tim Cook says iPhone sales, which slightly missed Q2 estimates, were held back by supply constraints for advanced chips, as “demand was off the charts”  —  Apple (AAPL.O) on Thursday reported results that beat Wall Street estimates, with customers showing eagerness to buy …
Mark Gurman / Bloomberg:
Apple forecasts Q3 revenue above estimates, with sales expected to rise between 14% and 17%, and said memory expenses would climb “significantly higher” in Q3  —  Apple Inc. delivered a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs …
Jennifer Elias / CNBC:
Apple Q2: iPhone up 22% YoY to $56.99B, vs. $57.21B est., Mac up 6% YoY to $8.4B, iPad up 8% YoY to $6.91B, and Wearables, Home, and Accessories up 5% to $7.9B  —  Apple issued a better-than-expected revenue forecast for the current period after beating on sales and earnings in the fiscal second quarter.
Dan Goodin / Ars Technica:
Researchers detail CopyFail, a now-patched Linux vulnerability that lets unprivileged users gain admin access, as many distributions have yet to add fixes  —  Publicly released exploit code for an effectively unpatched vulnerability that gives root access to virtually all releases of Linux …
Wired:
Musk v. Altman: when asked whether xAI has distilled OpenAI models, Elon Musk says the claim is “partly” true  —  While answering questions under oath, Musk argued it's standard practice for AI labs to use their competitors' models.  —  While testifying on Thursday in federal court …
New York Times:
Musk v. Altman: the judge told Musk's lawyer she did not want talk of AI's existential threat seeping into the trial, focusing instead on OpenAI's founding
Dan Mangan / CNBC:
The US Senate unanimously passed a rule barring senators from trading on prediction markets like Kalshi and Polymarket, amid rising concern over insider trading  —  The U.S. Senate on Thursday unanimously passed a rule barring senators from trading on prediction markets effective immediately.
Michael Acton / Financial Times:
Apple CFO Kevan Parekh says “the iPhone 17 family is now the most popular lineup in our history” and “we believe we gained market share during the quarter”  —  John Ternus pledges to continue ‘deliberateness and discipline’ in first comments since being named next CEO
Juli Clover / MacRumors:
Tim Cook says that the Mac Studio and the Mac mini, used for AI and agentic tools, “may take several months to reach supply demand balance”  —  During today's earnings call for the second fiscal quarter of 2026, Apple CEO Tim Cook said that the Mac mini and Mac Studio could be hard to get for months to come.
Business Insider:
Sources: Meta HR chief Janelle Gale told employees she can't rule out further layoffs; Zuckerberg said AI automation is not the driving factor behind them  —  - Meta previously announced it will cut 10% of its staff next month.  — Meta's HR chief told staff in a meeting that she can't promise further layoffs won't happen.
Britney Nguyen / MarketWatch:
Sandisk reports Q3 revenue up 251% YoY to $5.95B, vs. $4.72B est., consumer revenue below est., and forecasts Q4 revenue above est.; SNDK drops 5%+ after hours  —  The company says it's transitioning to a business model of ‘multiyear customer engagements’  —  Referenced Symbols
Thomas Barrabi / New York Post:
Filing: Meta says it might be forced to withdraw its apps from New Mexico if a judge orders it to adopt the state's proposed safety features  —  Mark Zuckerberg's Meta is threatening a total shutdown of Facebook and Instagram in New Mexico if a state judge orders the company to adopt new safety features …
Jonathan Vanian / CNBC:
Reddit reports Q1 revenue up 69% YoY to $663M vs. $611M est., DAUq up 17% to 126.8M, above est., forecasts Q2 revenue above est.; RDDT jumps 13%+ after hours  —  Reddit reported better-than-expected profit and revenue in its first-quarter earnings report on Thursday, and also issued an optimistic forecast.
Jasmine Sun / New York Times:
The persistent notion that AI disruption could create a permanent underclass signals how much collateral damage AI companies might tolerate in pursuit of AGI  —  Most people I know in the A.I. industry think the median person is screwed, and they have no idea what to do about it.
Evelyn Cheng / CNBC:
China's EV makers are competing on in-car AI features; ByteDance says its Doubao AI is used in 7M+ cars across 145 models, including from Mercedes, Audi, and VW  —  - China's EV price war is evolving into a “feature war” focused on AI and cockpit tech  — ByteDance's Doubao AI chatbot …
More: Ars Technica

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From Mediagazer

Business Wire:
USA Today reports Q1 revenue down 4% YoY to $548.5M, net income of $19.9M, up $27.2M from Q1 2025, 1.46M paid digital subs, and $45.9M digital subscription rev

Matthew Keys / TheDesk.net:
Five more states join the lawsuit filed last month by eight states seeking to block Nexstar's Tegna acquisition, which Nexstar said the DOJ and FCC approved

Winston Cho / The Hollywood Reporter:
A group of TV consumers sue in federal court in California to block Paramount's acquisition of WBD on antitrust grounds; Paramount says the suit lacks merit

More News

Annie Palmer / CNBC:
Alphabet's stock climbed 10% on Thursday and 34% in April, its best month since 2004; Meta's stock plunged 8.5% on Thursday, its steepest drop since October
Todd Spangler / Variety:
Roku reports Q1 revenue up 22% YoY to $1.25B, ad revenue up 27% to $613M, subscription revenue up 30%, raises 2026 profit guidance; ROKU jumps 8%+ after hours
Jess Weatherbed / The Verge:
Google is rolling out Gemini to cars that have Google built in, replacing Google Assistant, starting with English in the US
Bloomberg:
Meta sells $25B of investment-grade bonds after investors placed $96B in orders; Meta sold $30B of corporate bonds in October 2025
Marcus Schuler / Implicator.ai:
Anthropic's Claude Security, formerly Claude Code Security, is in public beta for Enterprise users; the Opus 4.7-powered tool can scan code for vulnerabilities

Earlier Picks

Emily Birnbaum / Bloomberg:
The US Senate Judiciary Committee endorses a child safety bill requiring AI companies to implement age verification, bar AI companions for minors, and more
AI Security Institute:
Cybersecurity analysis: GPT-5.5 reaches a similar level of performance as Mythos Preview and is the second model to solve a multi-step cyberattack simulation
Krystal Scanlon / Digiday:
Meta introduces Meta Ads AI connectors in open beta, letting advertisers use their preferred third-party AI tools to create, manage, and analyze campaigns
Cloudflare:
Cloudflare says AI agents can now create Cloudflare accounts, start paid subscriptions, register domains, and deploy apps on behalf of users
Jay Peters / The Verge:
Netflix rolls out a vertical video feed in its own Clips tab in Australia, Canada, India, Malaysia, Pakistan, the Philippines, South Africa, the UK, and the US
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