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Here’s what you need to know
Apple made $14 billion worth of iPhones in India last year. That’s roughly 14% of the tech giant’s total production, a number it hopes to increase as it downgrades its reliance on China.
Meta has a new AI chip. The news comes just a day after Google and Intel also revealed new chips, and as the chip monarch of them all — Nvidia — doles out stock grants to employees.
The Dow plunged nearly 500 points yesterday. High inflation wiped out hopes of some sooner-rather-than-later interest rate cuts. Also way down: Trump Media stock.
A Macy’s takeover is still on the table. The department store may have ended its proxy battle with Arkhouse Management and Brigade Capital Management, but Arkhouse got a small win.
Airbus is cruising past Boeing in more ways than one
800: Commercial jets Airbus expects to deliver through the end of the year.
350: Jets Boeing would deliver at its current pace
It’s not just deliveries — Airbus is winning over investors, too.
Read more about how Airbus is seizing on Boeing’s bad year.
BMW is also cruising past its rivals — but mostly in just one way
Tesla, Volkswagen, and Mercedes-Benz all have something in common that BMW doesn’t: poor EV sales.
BMW was one of the few companies selling electric vehicles that reported a surge of growth in the first quarter of 2024. That’s in stark contrast to the overall slowed demand for EVs across the world — and especially in Europe. Quartz’s Will Gavin takes a look.
More from Quartz
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✈️ Delta Air Lines posts record revenues because Boeing’s delays aren’t hurting business travel
📈 The AI frenzy powered TSMC to its fastest monthly sales growth since 2022
Surprising discoveries
Seven & i may IPO its superstores. 7 Eleven’s Japanese parent company is mulling the option for the division that contains famed grocery-plus-stores like Ito-Yokado.
If you can’t get enough celestial excitement, a nearby star system is about to explode. It won’t do anything to Earth, but you will be able to see it with your naked eye.
Broadband nutrition facts are now a thing. Internet companies have to make labels that include prices, introductory rates, and broadband speeds as if they were calories and protein.
Scientists found a way to increase phone battery life by 50%. It has to do with 5G towers and how many of them are in a certain area.
Costco’s gold bars are apparently raking in $200 million — every month. Wells Fargo thinks it was a really smart move for the retailer that’s more associated with bulk goods.
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Our best wishes for a productive day. Send any news, comments, 7-Eleven slushies, and email nutrition facts to talk@qz.com. Today’s Daily Brief was brought to you by Morgan Haefner.