Readers weigh in on the mini-Berkshires, small-cap risks, the virtues of Elon Musk, and DOGE’s public disservice...
Continue ReadingMEXICO CITY (Reuters) -Mexico's antitrust watchdog said on Friday it had closed a case against Google, clearing the tech giant from any potential fines, after a multi-year investigation determined it did not engage in monopolistic practices in the country. The investigation by Mexico's Federal Economic Competition Commission (Cofece), which began in 2020, focused on Google's digital advertising services via its search page as well as third-party websites. The investigation focused on Google's advertising services via its search page as well as third-party websites, examining whether the company had an undue advantage over competitors in the digital advertising sector stemming from the design of its platform for buying online advertising...
Continue Reading(Reuters) -Facebook owner Meta's $14.8 billion investment in Scale AI and hiring of the data-labeling startup's CEO will test how the Trump administration views so-called acquihire deals, which some have criticized as an attempt to evade regulatory scrutiny. The deal, announced on Thursday, was Meta's second-largest investment to date. It gives the owner of Facebook a 49% nonvoting stake in Scale AI, which uses gig workers to manually label data and includes among its customers Meta competitors Microsoft and ChatGPT creator OpenAI...
Continue ReadingApple (AAPL) reached $196.45 at the closing of the latest trading day, reflecting a -1.38% change compared to its last close...
Continue ReadingSAN FRANCISCO (Reuters) -Alphabet's Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta is taking a 49% stake in the AI data-labeling startup, five sources familiar with the matter told Reuters. Google had planned to pay Scale AI about $200 million this year for the human-labeled training data that is crucial for developing technology, including the sophisticated AI models that power Gemini, its ChatGPT competitor, one of the sources said. The search giant already held conversations with several of Scale AI's rivals this week as it seeks to shift away much of that workload, sources added...
Continue ReadingAs Trump targets China, Apple quietly reroutes billions in iPhone exports through India--and it's just getting started...
Continue ReadingAfter cutting costs last year, Tesla leans back into premium territory...
Continue ReadingTesla investors want to think about AI. They might have to spend some time thinking about the car business again...
Continue ReadingTesla (TSLA) electric vehicle registrations in the United States fell by 16% in April, acording to the latest data out from S&P Global Mobility. Yahoo Finance senior autos reporter Pras Subramanian dives into the report and weighs in on CEO Elon Musk's criticisms of President Trump's "big, beautiful" tax and spending bill and the delay of Tesla's robotaxi launch in Austin, Texas. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here...
Continue ReadingTesla CEO Elon Musk apologized for some of his comments last week that have weakened his relationship with the White House, boosting the stock. Shares of Tesla (NASDAQ: TSLA) are up this week, climbing 10.3% as of market close on Friday. The rise came as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) both sank modestly...
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