The Consumer Financial Protection Bureau said Thursday it finalized a rule giving itself the authority to regulate big tech firms in much the same way the consumer watchdog oversees major banks. Silicon Valley giants like Apple and Google, along with large financial technology companies such as PayPal and Cash App operator Block, have rapidly become consumer payments giants. The largest payment apps now process over 13 billion consumer transactions annually, the CFPB said...

With the new facility, Apple hopes to enhance its supply chain and meet the growing demand for its products in Indonesia...

(Bloomberg) -- Chinese smartphone maker Oppo is pushing for overseas growth, seeking new revenue streams as its home market struggles with a slowing economy and intense competition.Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyParis to Replace Parking Spaces With TreesTokyo’s Scorching Summers Focus Public Anger Against Tree CuttingNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesNew York’s Transit Agency Approves $9 Congestion TollThe cl...

Apple saw a sharp decrease in iPhone sales across China during this year's Singles' Day, the world's biggest shopping festival, amid stiff competition from mainland smartphone rivals and weak domestic consumption, according to a new report. The country's two-week Singles' Day sales period this year yielded "a double-digit, year-on-year decline in iPhone sales", as Apple "faced pressure from an abnormally high number" of new flagship smartphone models that domestic competitors launched just befor...