one of the defining characteristics of Apple’s iPhone 17 Pro features 8x zoom – it helps focus on what’s important. For consumers, it’s a memorable moment; for Apple, it’s a balance sheet.

Stateside on Thursday, the Cupertino-based company reported A year-on-year increase of 16% Its fiscal first-quarter revenue saw “amazing” demand for iPhones, exceeding market expectations. It also forecast revenue for the current quarter to be above Wall Street forecasts.

However, investor reaction was tepid, with Apple shares rising about 0.5% in after-hours trading. This may be because Apple still appears behind the curve for artificial intelligence.

But investors push meta platform Shares rose more than 10% after the company showed signs of its AI investments increase its profits.

MicrosoftOn the other hand, it was punished for its spending plans and slowing cloud growth. Its share price fell 10%, $357 billion in losses Market capitalization suffered its worst day since March 2020.

This puts pressure on technology stocks Nasdaq Composite Indexdown 0.72%. this S&P 500 Index fell 0.13%, while Dow Jones Industrial Average Bucking the trend, it rose 0.11%.

Cryptocurrencies fall along with stocks Bitcoin It plunged more than 5%, hitting its lowest level in nearly two months.

However, the market saw a bright spot goldThe precious metal rebounded after falling during the U.S. midday session, having hit $5,626.8, its highest level on record, earlier in the day as traders took profits.

At the same time, oil prices Increased by more than 3% US President Donald Trump is considering strikes against Iran, according to a report Reuters reports.

Trump said at the White House on Thursday that he would make an announcement on U.S. soil on Friday morning new fed chair Replaces Jerome Powell. Trump also Approves Senate deal on government funding This will reportedly help avoid federal service shutdowns Reuters.

India will unveil its federal budget for fiscal year 2027 on Sunday, February 1 – an event that could triggering market sell-offAccording to BofA Securities.

Although the weekend is approaching, global investors should not take their eyes off the headlines.

—CNBC’s Samantha Subin and Garrett Downs contributed to this report.

Denmark praises negotiations with the United States on Greenland. Copenhagen’s foreign minister welcomed “very constructive” high-level talks on Thursday Greenland’s futuresaying that the conversation about the island was “Get back on track.”

Amazon may invest up to $50 billion in OpenAI. The AI ​​startup’s CEO Sam Altman and Amazon CEO Andy Jassy have a direct discussionCNBC confirmed Thursday. Amazon invested in its artificial intelligence rival Anthropic, which shows its confidence in OpenAI.

The U.S. trade deficit soared in November. this This figure is $56.8 billionDespite Trump’s tariffs, it was still up 94.6% from October.

Suppressed by Microsoft, most U.S. stock indexes fell. However, the Dow Jones Industrial Average Outperform and rise. European regional Stoke 600 down 0.23%, and sap Plunged 16% Disappointing earnings.

(PRO) Russia and China control a critical metal. It’s crucial to developing military equipment, and a U.S. company is working to replace it. That has The company gets a “buy” rating After an investment bank initiates underwriting.

The world’s largest sovereign wealth fund will earn $247 billion in 2025, driven by a rebound in technology and banking sectors

Norway’s sovereign wealth fund reported annual profits of 2.36 trillion crowns, or $246.9 billion, on Thursday. In 2025, the fund returned 13.5 trillion crowns, the highest annual return since the fund was founded in the 1990s.

Norges Bank Investment Management (NBIM) manages the fund on behalf of the people of Norway. “Technology, financials and basic materials stocks outperformed and contributed significantly to overall returns,” NBIM Chief Executive Nicolai Tangen said in a statement on Thursday.

—Chloe Taylor