NewsWatch: Apple sees profit nearly double as iPhone sales boom

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MARKETWATCH FRONT PAGE

Apple Inc. just posted its strongest June quarter ever, with a near doubling of profits and a huge revenue beat for its iPhone business. See full story.

Microsoft tops $60 billion in annual earnings for the first time to cap another record-breaking year

Microsoft Corp. finished yet another record-breaking year with more than $60 billion in profit and $165 billion in sales, showing why it has become only the second $2 trillion company in U.S. stock market history. See full story.

CDC reverses policy on face masks, amid reports of breakthrough infections with delta variant of COVID-19

Reports of breakthrough infections with the delta variant of the coronavirus-borne illness COVID-19 in Americans who are fully vaccinated has prompted the Centers for Disease Control and Prevention to change its policy on face masks in public settings for some parts of the U.S. See full story.

Tesla’s ‘noisy quarter’ gets mixed reviews from Wall Street

Tesla Inc.’s record quarter earns some praise among investors, but the stock falls on a mix of concern for the near-term prospects for the Silicon Valley electric-car maker and less appetite for tech and tech-related names. See full story.

This could be the peak of the tech boom — Here’s what to look for

As tech companies begin reporting more huge profit and sales totals this week, the question to ask is how long the heady growth can continue. See full story.

MARKETWATCH PERSONAL FINANCE

‘To make borrowers repay their debts now, would be unfair, would be harsh, and in many instances would be cruel,’ Senate Majority Leader Chuck Schumer told a press conference. See full story.

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