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The pick elevates a policymaker who developed a reputation for his hawkish views on inflation. |
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More From The Quartz Newsroom |
Apple sold the
holidays and kept the profit. Revenue hit a record $143.8 billion and EPS rose to $2.84 as iPhone and Services both set highs, and a 48.2% gross margin reminded investors that the machine still prints.
| | Caterpillar’s record top line can’t outrun policy. Sales climbed across major categories, construction and mining revenue rose double digits, but profits slid, and “higher tariffs” showed up in manufacturing costs.
| | Lockheed lost the quarter and won the morning.
Wall Street looked past a slight EPS miss because the forward picture is doing the heavy lifting: a 2026 sales guide of $77.5–$80 billion, facility upgrades, and a DoD agreement.
| | The “strong dollar” era is getting stress-tested.
Gold ripped to a record before pulling back, while big shops keep moving the goalposts higher, and the dollar has slid to a multiyear low on fiscal anxiety and political uncertainty.
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