Apple expects Q1 revenue to rise 7%-10% YoY, above 6% est., and gross margins of 45%-46%, below 47% est., as John Ternus says memory costs are "unprecedented" (Michael Acton/Financial Times)

More in Business

• Despite stock slide, reason remains for optimism in Sheng Siong business outlook: Analysts

  Singapore's supermarket chain faces near-term margin headwinds from rising wages, diesel expenses, and potential regional competition from the upcoming cross-border rapid transit link. Even so, brokerage analysts believe ongoing retail footprint expansion and core market share gains will sustain earnings growth over the long run. The company's budget-conscious positioning also shields it well as local households navigate elevated everyday living costs.

  2 min read
• Roundup settlement expected before Christmas, Bayer CEO says

  Executive leadership anticipates resolving the ongoing legal matters concerning the herbicide prior to the upcoming holiday. This projected timeframe indicates that active negotiations are nearing a conclusion in the near term. Reaching this milestone would provide clarity on the company's litigation liabilities moving forward.

  1 min read
• JD.com wins EU approval for acquisition of Ceconomy

  The European Commission granted clearance for the $2.5 billion transaction after addressing competition and market distortion concerns. Regulators agreed to the deal on the condition that the Chinese e-commerce firm honors specific remedies. This decision allows the major international retail buyout to proceed under strict continental oversight.

  1 min read