FOX BUSINESS

FOX Business Briefs 10/28

Amazon and UPS announce layoffs; Royal Caribbean sees cruise demand accelerate; revenue up at The North Face and Timberland; OpenAI and PayPal team up.

Apple, Microsoft hit $4T milestone

Microsoft and Apple are now worth over $4 trillion apiece and are helping drive the Dow, S&P 500 and Nasdaq Composite to record levels as investors embrace the new iPhone and AI.