Connect with us
DAPA Banner

Business

RBC Capital reiterates BioCryst stock rating on takeout potential

Published

on

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Apple Stock Rises Modestly as China iPhone Sales Surge 23%

Published

on

Apple Holds Annual Worldwide Developers Conference

Apple Inc. shares gained ground in early Wednesday trading, climbing to around $253 as investors welcomed fresh data showing a 23% surge in iPhone sales in China during the first nine weeks of 2026, even as the broader smartphone market contracted. The modest advance reflected optimism about the company’s ability to capture share in its second-largest market despite ongoing global economic pressures.

Apple Holds Annual Worldwide Developers Conference

As of mid-morning, Apple (NASDAQ: AAPL) traded at approximately $252.87 to $253.38, up roughly 0.5% to 0.7% from Tuesday’s close of $251.64. Volume reached several million shares by late morning, with the stock moving in a tight range between $251.60 and $254.98. The day’s open stood near $254 before settling into modest gains. Market capitalization hovered near $3.75 trillion to $3.77 trillion, keeping Apple among the world’s most valuable companies.

The positive momentum followed Counterpoint Research data released last week showing Apple’s iPhone shipments in China rose sharply while overall smartphone sales fell 4% year-over-year. Analysts attributed the gains to aggressive e-commerce discounts, eligibility for government subsidies on the base iPhone 17 model, and tighter supply-chain control that allowed Apple to absorb rising memory chip costs better than many Android rivals. Some competitors raised prices, handing Apple an opening to expand market share without cutting list prices.

China remains critical for Apple, accounting for a significant portion of iPhone revenue. The strong early-year performance bucked industry trends and eased concerns about softening demand in the region, where economic headwinds and competition from local brands like Huawei have pressured Western manufacturers in recent quarters. Executives have highlighted improved channel inventory and targeted promotions as key drivers.

Wall Street sentiment stayed largely constructive. Consensus 12-month price targets clustered around $270 to $287, implying potential upside of 7% to 14% from current levels. Most major firms maintained “Buy” or “Hold” ratings, citing Apple’s resilient Services segment, ecosystem lock-in and long-term artificial intelligence opportunities. Some forecasts project the stock could reach $287 by year-end 2026, with longer-term models pointing to $350-$520 by 2030 under optimistic growth scenarios.

Advertisement

Apple’s forward dividend of $1.04 per share yields approximately 0.41%, with the ex-dividend date having passed in early February. The company has a long track record of returning capital through dividends and share buybacks, supporting its appeal to income and growth investors alike. Beta around 1.12 indicates slightly higher volatility than the broader market.

Recent trading has been volatile. Shares touched a 52-week high near $288.62 in December 2025 before pulling back amid broader technology sector rotation and concerns over iPhone upgrade cycles. The 52-week low stood at $169.21 in April 2025. Year-to-date performance through late March remained modestly positive despite a choppy start to 2026.

Services revenue continues providing a buffer against hardware softness. The segment, which includes App Store, Apple Music, iCloud and advertising, has grown steadily and now generates high-margin, recurring income. Analysts expect Services to contribute meaningfully to overall results when Apple reports fiscal second-quarter earnings around April 30.

Other developments include plans to introduce paid ads in Apple Maps in the U.S. and Canada this summer, marking a new revenue stream in a space long dominated by Google. The company also announced its annual Worldwide Developers Conference will run online from June 8-12, with expectations for major AI-related software updates and new developer tools.

Advertisement

Speculation around a foldable iPhone has resurfaced, with some reports suggesting enthusiasm is building for a potential 2027 launch. While Apple has not confirmed timelines, any progress on foldable technology could open fresh growth avenues in a maturing smartphone market.

Challenges persist. Global macroeconomic uncertainty, including elevated interest rates and cautious consumer spending, has weighed on premium device demand. Supply-chain costs for components like memory chips have risen, though Apple’s vertical integration and negotiating power provide advantages. In the U.S., iPhone upgrade cycles remain elongated as consumers hold onto devices longer.

Looking ahead, investors will watch closely for first-quarter results that could provide further color on China momentum and U.S. trends. Guidance for the June quarter and any commentary on AI integration across devices will likely influence sentiment. Analysts project mid-single-digit revenue growth for the year, with Services and emerging categories such as wearables and Vision Pro helping offset any hardware cyclicality.

For retail investors, Apple remains a core holding in many portfolios, offering exposure to consumer technology, premium branding and innovation. The stock’s defensive qualities — strong balance sheet, consistent cash flow and loyal customer base — have historically helped it weather downturns better than many peers.

Advertisement

Broader market context also matters. Technology stocks have shown resilience amid mixed economic signals, but rotation into value names and concerns over valuations have occasionally pressured high-multiple names like Apple. The company’s price-to-earnings ratio remains elevated compared with historical averages, reflecting expectations for future growth.

As trading continued Wednesday, shares held modest gains, suggesting investors are giving Apple credit for its China performance while awaiting more concrete signals of a broader recovery. The stock rarely moves dramatically on single sessions, but sustained positive data from key markets could catalyze a rebound toward analyst targets.

Apple’s ecosystem strength — seamless integration across iPhone, Mac, iPad, Watch and Services — continues differentiating it from competitors. Loyalty metrics remain high, with many users staying within the platform for years. New product cycles, including potential AI enhancements and refreshed hardware, are expected to drive interest later in 2026.

In summary, Apple’s shares traded modestly higher early Wednesday on the back of encouraging China sales figures that highlighted the company’s competitive resilience. While near-term challenges in consumer spending and component costs linger, the combination of Services growth, ecosystem advantages and strategic moves in key markets keeps Apple well-positioned for long-term success. Investors will continue monitoring quarterly results and product pipeline updates for further direction.

Advertisement
Continue Reading

Business

Toyota recalls more than 144K vehicles over rearview camera failure risk

Published

on

Toyota recalls more than 144K vehicles over rearview camera failure risk

Toyota is recalling more than 144,200 vehicles in the U.S. due to a rearview camera malfunction that could increase crash risk, according to the National Highway Traffic Safety Administration (NHTSA).

The issue may prevent the rearview camera image from displaying when the vehicle is placed in reverse, reducing driver visibility and raising the likelihood of a collision, regulators said. 

Advertisement

The recall is listed under NHTSA campaign number 26V162000 and involves a failure to comply with Federal Motor Vehicle Safety Standard No. 111 on rear visibility.

UNITED DOUBLES DOWN ON PREMIUM TRAVEL, NEW AIRPLANES

lexus car dealership

Lexus vehicles outside a dealership on Jan. 22, 2022. (Artur Widak/NurPhoto via Getty Images)

Regulators said the issue is tied to a brief drop in electrical power during certain engine restart conditions, which can interrupt the camera system before it fully loads. The problem may occur when a vehicle is restarted shortly after being turned off, though it does not happen in all cases.

Ticker Security Last Change Change %
TM TOYOTA MOTOR CORP. 209.78 -0.86 -0.41%

The recall affects certain non-hybrid Lexus models, including 2022–2025 NX250 and NX350, 2023–2026 RX350, and 2024–2026 TX350 vehicles, according to NHTSA filings. Regulators estimate all affected vehicles contain the underlying condition, though the issue may only appear under specific operating scenarios.

Advertisement

Toyota began investigating reports of inoperative rearview cameras in early 2025 and identified the root cause after months of testing, ultimately determining in March 2026 that a recall was necessary.

lexus dealership in california

A Lexus logo is displayed at a dealership on Nov. 7, 2025 in Carlsbad, California. (Kevin Carter/Getty Images)

Toyota dealers will update the software or replace the rearview camera as needed, free of charge, the agency said. Owner notification letters are expected to be mailed by May 3, 2026.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Drivers can check whether their vehicle is included in the recall by visiting NHTSA’s recall website or Lexus’ recall page and entering their vehicle identification number.

Advertisement
Continue Reading

Business

Merck stock price target maintained at $109 by Morgan Stanley

Published

on


Merck stock price target maintained at $109 by Morgan Stanley

Continue Reading

Business

Burke & Herbert Post-Merger In 2026 – Not My First Pick

Published

on

Burke & Herbert Post-Merger In 2026 - Not My First Pick

Burke & Herbert Post-Merger In 2026 – Not My First Pick

Continue Reading

Business

Logan International Airport TSA Wait Time Hovering Between 10 and 20 Minutes

Published

on

Boston Logan International Airport

Travelers at Boston Logan International Airport faced relatively smooth security lines Wednesday as TSA staffing held steady amid the ongoing partial government shutdown, with average wait times hovering between 10 and 20 minutes at most checkpoints despite national concerns over officer call-outs and absenteeism.

Boston Logan International Airport
Boston Logan International Airport

As of midday, third-party trackers reported average standard security waits of 11 to 15 minutes across terminals, with peaks reaching 25 to 30 minutes during morning rushes and occasional spikes to 35-40 minutes in the overnight hours. TSA PreCheck lanes generally moved faster, often under 10 minutes when open, though availability varied by terminal and time of day. Massport, the airport’s operator, continued monitoring lines closely and recommended passengers arrive two hours before domestic flights and three hours for international departures.

Logan International, one of the busiest airports in the Northeast and a major hub for Delta, JetBlue and American Airlines, handles more than 40 million passengers annually across its six terminals. Terminal A primarily serves Delta and some JetBlue flights, while Terminal B hosts JetBlue and United operations. Terminals C and E handle international traffic, with Terminal E dedicated to overseas arrivals and departures.

The current stability at Logan contrasts sharply with reports of multi-hour delays at other major hubs nationwide, where TSA absenteeism has climbed due to the shutdown that began in mid-February. At Logan, more than 20 TSA officers have quit since the funding lapse started, and dozens more in New England have walked off or called out, according to union leaders. Yet local officials and travelers described operations as “so far, so good,” with lines moving efficiently even during spring break travel surges.

Massport spokesperson Jennifer Mehigan noted that the airport has avoided the worst of the national disruptions thanks to proactive staffing management and strong cooperation between TSA and local teams. However, concerns linger as the shutdown enters its sixth week and officers remain unpaid. TSA Union AFGE Local 2617 President Mike Gayzagian warned that further attrition could strain the system, though he emphasized that New England has not seen the same level of chaos as airports in Atlanta, Chicago or Houston.

Advertisement

To improve the passenger experience, Massport is testing a new camera-based wait time tracking system in Terminal B that uses analytics to estimate average screening times without capturing facial images or personal details. The technology calculates line movement and will eventually display real-time estimates on the airport website, FlyLogan app and internal flight information screens. Full rollout across all terminals is expected in mid-April, providing a more reliable alternative to the federal MyTSA app, which has been unreliable during the shutdown.

CLEAR biometric lanes remain available in Terminals A and B, offering expedited entry for enrolled members. TSA PreCheck is operational across checkpoints, though not every lane is staffed simultaneously. Passengers without expedited status are advised to remove liquids, electronics and outerwear in advance to speed processing.

Peak periods at Logan typically occur between 5 a.m. and 8 a.m. and again from 4 p.m. to 7 p.m. on weekdays, with Friday afternoons and Sunday evenings also busy. Recent hourly data showed overnight lulls dropping to near zero minutes in some slots, while midday averages stayed in the low teens. Spring break travel has added volume, yet lines have not reached the alarming lengths seen elsewhere.

Travelers shared mixed but mostly positive experiences on social media and local news. Many reported breezing through in under 15 minutes, while others noted 25- to 30-minute waits during busier morning hours. One passenger departing for Florida said her family cleared security in eight minutes, calling the process smoother than expected given national headlines.

Advertisement

Airport officials urge flexibility. Airlines including JetBlue and Delta have issued advisories encouraging passengers to check flight status and build in extra buffer time. Some carriers have offered rebooking flexibility for those affected by any unexpected delays. Massport continues coordinating with TSA to maintain safety standards without compromising screening thoroughness.

The shutdown has highlighted vulnerabilities in federal aviation security staffing. Nationwide, call-out rates have risen, prompting discussions about deploying ICE agents or other federal personnel at major airports. At Logan, no such deployment has occurred, and union leaders said it does not appear necessary at this time, though they monitor the situation closely.

Logan’s six terminals offer amenities to ease waits, including dining options, retail shops and charging stations. United Club and Delta Sky Club lounges provide respite for eligible passengers, while family areas help traveling parents. The airport’s proximity to downtown Boston — about 3 miles from the city center via the Silver Line — makes it a convenient gateway despite occasional ground traffic.

Medical experts and travel advocates recommend strategies to minimize delays: enroll in TSA PreCheck or Global Entry if eligible, pack carry-ons efficiently, download the FlyLogan app for updates, and consider off-peak flights when possible. Passengers with disabilities or medical needs can contact TSA Cares at least 72 hours in advance for assistance.

Advertisement

As the funding impasse in Washington continues, Logan’s relatively smooth operations offer a reassuring contrast. Massport emphasizes that safety remains the top priority and that staffing levels currently support normal throughput. Officials pledged to keep travelers informed through the new tracking system once fully implemented.

Looking ahead, spring break and summer travel seasons could test the system further if the shutdown persists or worsens. TSA has historically increased hiring during peak periods, but current constraints limit flexibility. Passengers are advised to check multiple sources — including airline apps, the FlyLogan app and third-party trackers — for the latest conditions.

In summary, while national TSA challenges have created anxiety for many flyers, Boston Logan International Airport has maintained manageable security wait times averaging 10 to 20 minutes on most days. With a new real-time tracking system on the horizon and continued local coordination, Logan aims to keep disruptions minimal. Travelers who plan ahead, use expedited programs and monitor updates stand the best chance of a smooth departure from one of New England’s busiest gateways.

The airport continues to operate all flights, with any delays primarily tied to individual checkpoint volumes rather than widespread shutdown effects. As negotiations continue in Washington, both Massport and TSA monitor the situation to protect the millions of passengers who pass through Logan each year.

Advertisement
Continue Reading

Business

Opinion: Higher education, higher exhaustion

Published

on

Opinion: Higher education, higher exhaustion

Universities need to address the psychological health and safety of staff.

Continue Reading

Business

From the Suez Canal to the Culture Wars: How Military Experience Shaped Adam Milstein’s Philanthropic Vision

Published

on

From the Suez Canal to the Culture Wars: How Military Experience Shaped Adam Milstein’s Philanthropic Vision

There is a particular kind of clarity that comes from nearly losing everything. For Adam Milstein, that clarity arrived in October 1973, during the Yom Kippur War, when he crossed the Suez Canal as part of Ariel Sharon’s division while Israel fought for its survival. The experience didn’t just shape his patriotism—it provided a set of analytical tools he would later apply to challenges most philanthropists never think to address: pattern recognition, capability assessment, adversary anticipation, and the discipline to act on intelligence before the consensus catches up.

Half a century later, those tools define his philanthropic methodology in ways that distinguish him from nearly every peer in American Jewish giving. Where most donors react to crises, Milstein invests in the infrastructure to detect them early. Where others scatter funds across familiar organizations, he builds networks that force-multiply philanthropic impact. Where conventional wisdom says stay in your lane, Milstein challenges antisemitism on both the political left and right with equal directness.

His January 2026 Jerusalem Post article offered a case study in this approach. Writing after Charlie Kirk’s death triggered a reckoning within the American conservative movement, Milstein argued that tolerating antisemitic voices like Nick Fuentes doesn’t broaden a political coalition—it poisons one. There is no hidden army of voters, he wrote, waiting to be activated by embracing extremists. There is instead a large bloc of persuadable Americans who refuse to tolerate hatred disguised as authenticity.

His February 2026 New York Post piece applied the same unflinching analysis to the other side of the aisle, warning that the Democratic Party faces a defining moral test over antisemitism within its ranks. He pointed to elected officials who refuse to condemn calls for violence against Western democracies and activist networks working to strip Jews of protected minority status. His argument was historical in scope: political movements that appease antisemitism don’t just lose elections—they lose their souls.

Advertisement

This dual-front strategy reflects the military thinking that has guided Milstein since his IDF service. Threats rarely arrive from a single direction, and defending against one while ignoring another is a recipe for catastrophe. His foundation, established in 2000 with his wife Gila, operates accordingly—supporting over 150 organizations that span the ideological spectrum, from progressive advocacy groups to conservative policy institutes, campus monitoring operations to interfaith coalitions, media watchdogs to technology platforms that use artificial intelligence to track antisemitic content online.

The institutional architecture Milstein has constructed reflects the same forward-thinking. The Israeli-American Council, which he co-founded in 2007 and chaired from 2015 to 2019, organized a community that had lacked infrastructure connecting them to broader Jewish advocacy. The Impact Forum, launched in 2017, created a platform where philanthropists pool resources and coordinate strategy through quarterly dinners that have since expanded from Los Angeles to Dallas and Miami.

Milstein arrived in the United States in 1981 to study at USC, built a career in commercial real estate at Hager Pacific Properties, and might easily have spent his later years enjoying the fruits of that success. Instead, the same instinct that drove him across the Suez Canal—the refusal to wait for others to act when the threat is already visible—pushed him toward a second career in strategic philanthropy that has reshaped how the American Jewish community organizes, funds, and fights.

At 74, the lesson from 1973 still governs everything. Threats dismissed today become crises tomorrow. The infrastructure to respond must exist before the emergency arrives. And leadership means acting on what you see, even when the crowd hasn’t caught up.

Advertisement
Continue Reading

Business

Slideshow: MLB menu innovation hits a grand slam

Published

on

Slideshow: MLB menu innovation hits a grand slam

New items include locally-inspired dishes and global cuisine.

Continue Reading

Business

JLL CEO says growth is now uncertain in the Middle East

Published

on

JLL CEO says growth is now uncertain in the Middle East

Key Points

  • JLL has a major footprint in the Middle East, managing and leasing properties in Dubai and Abu Dhabi in the United Arab Emirates and in Riyadh, Saudi Arabia.
  • CEO Christian Ulbrich said the business impacts of the Iran war depended on how long the conflict lasted.
  • “It’s a tragedy from a point that the region was on a really strong growth trajectory, and this is, at the moment at least, interrupted for the time being,” said Ulbrich.

Continue Reading

Business

Italian restaurant venture Bosco has designs on more venues in Wales

Published

on

Business Live

It’s first restaurant in Wales in the centre of Cardiff has been supported with debt funding from the £130m Investment Fund for Wales

Left to right Bethan Bannister, British Business Bank; Joe Cook, Bosco; John Babalola, FW Capital.

Italian restaurant venture Bosco has opened its first Welsh restaurant with plans for further venues.

Its latest venue, in the centre of Cardiff, has been supported with a £350,000 loan from the £130m Investment Fund for Wales (IFW),The first Bosco opened in Bristol in 2014, with it now operating four restaurants in the south-west of England.

With the successful launch of its Cardiff restaurant the business is looking to add further Welsh locations over the next 18-months.

Funding support for its Cardiff venue, has come from the large loans element of the British Business Bank’s IFW. It is managed by Development Bank of Wales, subsidiary business FW Capital. Bosco has deployed the funding to refit premises on High Street, as well as providing working capital. The loan also unlocked a further seven-figure co-investment from private investors

Advertisement

.

READ MORE: The economic impact of Welsh rugby is huge and it needs to be cherishedREAD MORE: First Minister commits to further empower the Development Bank of Wales but rules out a new WDA

Joe Cook, managing director at Bosco, said: “The new restaurant at Cardiff has already exceeded our expectations. That part of the city has an impressive buzz and busy atmosphere, and we’ve been welcomed with open arms.

“It’s always been our intention to grow as a business, and this loan allowed us to put our stamp on the new site, and refit it at scale in line with our brand. Thanks to the success of the Cardiff restaurant, we’re know confident in what we can accomplish in Wales, and certainly want to grow further in Wales in the next year-and-a-half.”

Advertisement

John Babalola, investment executive at FW Capital, said: “Bosco have a fantastic brand. Their expansion to one of Cardiff’s most popular areas for bars and restaurants was an obvious next step for them. We’re glad that our support has helped them to get the Cardiff restaurant set up at speed, and it’s good to see that it’s already in high demand.”

Bethan Bannister, senior investment manager, nations and regions investment funds at the British Business Bank, said: “We’re pleased to see the Investment Fund for Wales supporting Bosco, bringing a popular brand to Cardiff. This investment highlights how the fund can provide the right finance at the right time to help ambitious businesses expand into new markets, create jobs and contribute to the vibrancy of our towns and city centres.”

The large debt element of the IFW can makes loans from £100,000 to £2m.

Advertisement
Continue Reading

Trending

Copyright © 2025