New York Times business news - November 3
AAPL•Apple reportedly posted a 12% rise in quarterly profit and revenue above expectations, while warning that AI-driven memory chip costs are squeezing profits. Anthropic reportedly had $17 billion in third-quarter revenue and a $23 billion net loss; the digest also covered possible workplace-protection rollbacks and US strikes on Iran.
1. Business stories
Apple reportedly posted a 12% rise in quarterly profit and revenue that beat Wall Street expectations, but warned that surging memory chip costs driven by AI demand are squeezing profits. Anthropic reportedly generated $17 billion in third-quarter revenue, up twelvefold from a year earlier, while recording a $23 billion net loss ahead of a planned IPO. The digest also reported that the US military carried out limited strikes on Iran’s Qeshm Island and that the Trump administration is preparing to roll back Biden-era workplace protections related to pregnancy and reproductive health.
