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Trump says it’s Biden’s economy, but businesses and economists beg to differ

Trump says it’s Biden’s economy, but businesses and economists beg to differ

By PAUL WISEMAN and CHRISTOPHER RUGABER

WASHINGTON (AP) — When the stock market was climbing in January 2024, Donald Trump knew exactly who deserved credit: He did.

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Nearly a year before his return to the White House, he declared on his Truth Social platform that investors were celebrating his lead in the polls against President Joe Biden.

When the stock market fell Wednesday on news that the American economy had gone backward during the first three months of 2025, Trump knew exactly who to blame: Biden. read more

Apple posts stronger-than-expected Q2 results but stocks slides after-hours

Apple posts stronger-than-expected Q2 results but stocks slides after-hours

By MICHAEL LIEDTKE and BARBARA ORTUTAY

Apple’s revenue for the fiscal second quarter topped Wall Street’s expectations, but investors are waiting to hear what CEO Tim Cook has to say about the impact of President Donald Trump’s tariffs and economic uncertainty on its business.

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The Cupertino, California-based company earned $24.78 billion, or $1.65 per share, in the first three months of the year, up 4.8% from $23.64 billion, or $1.53 per share, in the same period a year earlier.

Revenue rose 5.1% to $95.36 billion from $90.75 billion.

Analysts, on average, were expecting earnings of $1.62 per share on revenue of $94.19 billion, according to a poll by FactSet. read more

Amazon posts solid first quarter earnings growth, but outlook is tempered by tariff uncertainty

Amazon posts solid first quarter earnings growth, but outlook is tempered by tariff uncertainty

By ANNE D’INNOCENZIO

NEW YORK (AP) — Amazon posted higher first-quarter profits and sales, but the online juggernaut issued a tempered sales outlook amid uncertainty about President Donald Trump’s tariffs.

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The Seattle-based company said that it earned $17.13 billion, or $1.59 per share, for the quarter ended March 31. That compares with $10.43 billion, or 98 cents a share, in the year-ago period.

Revenue rose 9% to $155.7 billion, up from $143.3 billion from the year-ago period.

Analysts were expecting $1.37 per share on revenue of $155.147 billion, according to FactSet.

The company expects sales in the second quarter to be in the range of $159 billion to $164 billion. read more

People on the move

People on the move

Architecture

Ashley Edelbrock, who leads the Orlando studio of PGAV, has joined the ownership team for the company.

Boards of directors

Tim Cook, senior vice president and chief mission integration officer for AdventHealth, was appointed to the board of directors of Grace Medical Home, Orlando.

Tony Jenkins, market president, Central Florida region, for Florida Blue, was appointed to the board of directors of Grace Medical Home, Orlando.

Hospitality

Chef Cliff Pleau was appointed chief innovation officer at Artistry Restaurants, Winter Park.

Law

Attorney Annalisa Gobin has joined McDonald Toole Richman & Correnti, P.A., Orlando.

Utilities

Orlando Alancastro was appointed vice president of transmission for the Orlando Utilities Commission.

Submit professional appointments, management-level promotions and significant awards for individuals, along with photos as .jpg attachments, to peopleonmove@orlandosentinel.com.

Recent Central Florida bankruptcies

Recent Central Florida bankruptcies

Chapter 7

Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include:

Harvest Moon Distributors LLC, 2315 Upper Park Road, #102, Orlando. Filed: April 16. Assets: $36,316. Liabilities: $1,318,382. Major creditors: Cherie Lee Rivett, Orlando, $525,000; U.S. Small Business Administration, Washington, D.C., $468,338; American Express, El Paso, Texas, $50,571. Creditors meeting: May 15.

S&CD Home Care Flipping LLC, 4657 West Irlo Bronson Memorial Highway, Kissimmee. Filed: April 21. Assets: $1,000,001-$10 million. Liabilities: $500,001-$1 million. Major creditors: Not available. Creditors meeting: May 23.

Oncosera Research Center LLC doing business as Research Biolabs, 4700 Millenia Blvd., Suite 175, Orlando. Filed: April 24. Assets: $2,505. Liabilities: $223,115. Major creditors: Abcam Inc., Waltham, Mass., $50,810; Mohammed Siddiq, Orlando, $38,424; Sigma Aldrich, St. Louis, Mo., $33,000. Creditors meeting: May 27.

Chapter 11

Central Florida individuals and businesses that have filed for reorganization and protection from creditors under Chapter 11 of the U.S. Bankruptcy Code include: read more