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Apple reported stronger-than-expected earnings and revenue for the fiscal third quarter, driven by a 22% increase in iPhone sales. But the company issued weak guidance for the current period, citing “supply constraints.” The stock slid more than 6% in extended trading. Here’s how the company did versus LSEG consensus estimates: EPS: $1.91 adjusted vs. $1.89 estimatedRevenue: $109.42 billion, versus $108.65 billion estimated. Here’s how Apple did in other key areas: iPhone revenue: $54.25 billion vs. $53.86 billion estimated. Mac revenue: $10.35 billion vs. $8.74 billion estimated. iPad revenue: $6.19 billion vs. $6.92 billion estimated. Wearables revenue: $7.88 billion vs. $7.82 billion estimated. Services revenue: $30.74 billion vs. $31.22 billion estimated. Gross margin: 50.1%. That’s not comparable to analyst estimates of 47.9% due to tariff rebates. Cash: $146.52 billion   Net income climbed to $29.79 billion, or $2.02 per share, from $23.43 billion, or $1.57 per share, a year ago. Apple said earnings included 11 cents per share from…

Below, we break down some of tech’s biggest stories, with analyst perspective on the moves that matter the most. Here’s what we’re watching this week: AI drug discovery mega-rounds AI 100 winner Humanoid reaches unicorn status Fresh nuclear funding This brief is adapted from our weekly newsletter. Sign up here to get it in your inbox every Thursday. 1. AI drug discovery companies scored Q2’s largest digital health deals. Digital health deal activity fell 36% QoQ in Q2’26, its fewest quarterly deals in more than a decade.  Funding also declined, down 24% to $5.7B, as investors put more money into…

Leopold AschenbrennerPhoto: Josh EdelsonTwo years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly.In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI researcher positioned himself as a kind of prophet for the coming age of artificial super intelligence.But this week, the limits of Aschenbrenner’s vision were on display when the AI-themed hedge fund he runs — named Situational Awareness, also the title of his viral June 2024 manifesto — ran into the harsh reality of tumbling semiconductor stocks and Wall Street margin calls.At its peak…

Tesla is reportedly considering cleaving off its entire business in China to grease the wheels of a merger with SpaceX, according to the Wall Street Journal. The newspaper reports that “some Tesla executives have been told to prepare for a separation of the China business,” which could include a “spinoff, sale or closure,” citing unnamed sources. The company reportedly would be able to do this fairly quickly because CEO Elon Musk had already tasked executives to prepare for a split in the event that Beijing invades Taiwan. Separating China from Tesla’s global operations could make it easier to integrate the…

Advocates of President Donald Trump’s tariff policies often bash economists for ignoring real-world complexities. Yet administration officials happily invoke the abstract theoretical concept of the “optimal tariff” to rationalize their incessant rounds of trade warfare. In theory, the “optimal tariff” maximizes national welfare by enabling large countries to improve their terms of trade, raising the prices of their exports relative to the prices of their imports. In a June 2026 Wall Street Journal commentary, Stephen Miran, former chair of Trump’s Council of Economic Advisers, relies on this argument to claim that tariffs are a uniquely useful “low-tax” instrument for collecting…

Perpetual futures tied to tokenized stocks and commodities generated nearly as much trading volume as Bitcoin perpetuals on two of the largest venues for the products over the past week, according to Talos.Combined seven-day volume across tracked real-world asset (RWA) perps reached $61.7 billion, equal to 99.2% of Bitcoin perpetual volume on Hyperliquid and Binance, where most trading activity is concentrated, Talos told Cointelegraph in an email summary citing a data snapshot taken on Thursday.Tokenized equity contracts accounted for 57.8% of the total, followed by commodities at 28.2%.The value of onchain RWAs has grown to about $36.8 billion, excluding stablecoins,…

Back in 2018, I wrote that households need to earn $300,000 a year to live a middle-class lifestyle in an expensive coastal city. The internet was not pleased. I was called out of touch, delusional, and a few other things I can’t print on a family finance blog. After having a second child in December 2019, I upped my estimate to $350,000, which went over about as well as you’d expect. Well well well. The latest data is in, and it turns out a family of four now needs to earn $408,000 a year to live comfortably in San Francisco. We’re number…

Bitcoin (BTC) shook off volatility on Thursday as US stocks rebounded on the back of inflation-data relief.Key points:Bitcoin avoids a snap reaction to US personal consumption expenditures (PCE) inflation data, which reverses a local uptrend.Analysis remains wary of inflationary tendencies despite PCE conforming to expectations.Bitwise predicts that going forward, Bitcoin will become less sensitive to Fed interest-rate changes.PCE ends uptrend while staying above Fed inflation targetData from TradingView showed BTC price action focusing on $64,500, broadly unchanged from the day prior. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewThe major risk-asset headwind from earlier in the week in the form of a mass sell-off…

Demand for tokenized gold has surged this year as physical bullion climbed to record highs, but very little of the asset is being put to work in decentralized finance, highlighting a major adoption gap, according to a new report by RedStone.Tokenized gold spot trading volume reached $90.7 billion in the first quarter as gold futures rallied above $5,600 per troy ounce. Yet only about $63 million worth of Tether Gold (XAUT) and PAX Gold (PAXG) is currently being used as collateral on Aave v3 and Morpho, RedStone said. That’s just 1.5% of the tokens’ combined $4.2 billion market capitalization.Despite the…

Canadians’ ownership of cryptocurrencies increased to 25% in 2026 from 10% in 2023, new data from the Ontario Securities Commission (OSC) shows. In the results of a survey released on Tuesday, the OSC found that crypto ownership and awareness among Canadians had increased from that a few years ago. The survey polled 2,360 individuals age 18 and over between December 2025 and January 2026, finding that 59% of the respondents were aware of crypto assets and 25% held them.“Crypto markets continue to evolve, and Canadians are participating in them more than ever before,” said Naizam Kanji, executive vice president of…