Apple Profit Sets Record on Strong iPhone Sales

Sales of iPhones rose 50% from the year-earlier quarter to $39.6 billion, driving a profit of $21.7 billion.

Credit Suisse Expected to Publish Details of Archegos Failures

The report could come as soon as Thursday and is likely to focus on the bank's risk management unit, human errors in judgment and unheeded risk in concentrated positions.

Ride-Sharing Startup Swvl Nearing Deal to Go Public With Female-Led SPAC

Dubai-based Swvl plans to merge with Queen's Gambit Growth Capital in a deal that values the company at roughly $1.5 billion.

Glencore Probe Yields Charges Against Another Former Trader

A former Glencore trader pleaded guilty Monday to what prosecutors described as a conspiracy to pay millions of dollars in bribes to officials in Nigeria and elsewhere in exchange for favorable contracts with a state-owned oil company.

Spark Infrastructure Gets Higher Offer From KKR Consortium

Spark Infrastructure Group said it would allow KKR & Co. Inc. and the Ontario Teachers' Pension Plan Board to conduct due diligence after they raised a takeover proposal to $3.81 billion.

Starbucks Sales Outpace Pre-Pandemic Levels

The coffee giant's U.S. business rebounded to help quarterly sales outpace pre-pandemic levels, as the company lifted its profit outlook.

McDonald's Appoints Its First Global Chief Customer Officer

The fast-food company named veteran Manu Steijaert as its first global chief customer officer, who will lead a new customer-experience team.

Lysol. N95 Masks. UPS. For Some Pandemic Winners, the Boom Is Over.

Some companies report growth is slowing, adding to challenges as they deal with rising costs and supply constraints.

GE and Raytheon Aren't Yet Flying on All Engines

Both conglomerates have reported a surge in airline shop visits in the second quarter, but their aerospace businesses still face many unknowns.

Hallmark Bets People Still Want to Send Paper Cards, but From Phones

The company has rolled out a way for people to handwrite a note and add it to a paper greeting card, without buying a stamp or going to the mailbox.