finance
Apple Reports Record Q2 Revenue
Spirit Airlines is set to cease operations as early as tonight amid low bailout odds, while Apple reported $111.2 billion in second-quarter revenue, exceeding expectations in its first results since announcing CEO Tim Cook's departure. Separate developments include GameStop's potential bid for eBay and updates from the Russia-Ukraine conflict.
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Spirit Airlines is preparing to shut down as early as tonight, according to the Wall Street Journal. The odds of a government bailout for Spirit Airlines have dropped to 30%, according to Kalshi. GameStop is preparing an offer to buy eBay, according to a Wall Street Journal report.
GameStop has been building a stake in eBay's shares ahead of a potential offer, the New York Post reported. Russia is deploying post WWII-era tanks, according to Western officials. Wall Street Journal reporter Evan Gershkovich was denied a detention appeal in Moscow, according to CNN.
Evan Gershkovich appeared in a Russian court, CNN reported. A Moscow court upheld the terms of Evan Gershkovich's detention. Vladimir Putin visited Russian troops at a military headquarters in Kherson, according to CNN.
Four civilians were killed in Russian attacks around the front lines, according to Ukrainian officials. Nearly 30 people were injured in Russian attacks around the front lines, Ukrainian officials said. The head of the Wagner mercenary group threatened retribution against former fighters who claimed they were ordered to commit atrocities against civilians, including children, in Ukraine.
U.S. sent a letter last month warning Russia not to touch sensitive nuclear technology at a Ukrainian nuclear power plant. S.
2 billion in revenue for the second quarter of 2026. Apple's earnings report was the first after the announcement of Tim Cook's pending departure, according to The Guardian. Tim Cook shared thoughts on the leadership transition on Thursday, The Guardian reported.
““There’s no one on this planet I trust more to lead Apple into the future” than incoming CEO John Ternus.”
— Tim Cook
