Earnings show one tech segment starting to feel the tariff pinch fastest

Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025. A tale of two different technology companies is playing out this earnings season as President Donald Trump's global trade upheaval makes planning nearly impossible. Businesses reliant on advertising appear to be holding on for the near-term as those dependent on consumer spending have started to feel the cracks of a murky macro subjected to an ever-shifting tariff policy. Block offered a lackluster second-quarter profit outlook in its earnings release Thursday, and said it took into account a "more cautious stance" into the end of the year. Airbnb issued disappointing guidance and said its business experienced some "softness" in travel from Canada to the U.S. toward the end of the quarter. "In the U.S., we've seen relatively softer results, which we believe has been largely drive ... Read full article.