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BRUSSELS (Reuters) -Microsoft's $13 billion investment in OpenAI could face an EU antitrust investigation as regulators are building the case for such a move, people familiar with the matter said on Thursday. Microsoft's OpenAI partnership, together with those between Alphabet, Amazon and Anthropic, have triggered scrutiny on both sides of the Atlantic as antitrust enforcers seek to understand how these deals affect competition. The people said the European Union antitrust regulator had decided not to investigate the partnership under EU merger rules, but that Microsoft could still face an antitrust investigation...
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Apple (AAPL) CEO Tim Cook will be meeting with Singapore's incumbent Prime Minister Lee Hsien Loong and newly-appointed Prime Minister Lawrence Wong as the chief executive continues his tour through Asia. The iPhone maker seeks to expand into other consumer markets after its iPhone shipments to China fell off by 33% in February and competitor Huawei assumes more market share in the nation. Yahoo Finance Tech Editor Dan Howley highlights Apple's plans for international growth while fighting to regain global market share for smartphone devices. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Luke Carberry Mogan...
Continue ReadingTesla stock fell Thursday, marking a new 52-week low, as the global EV giant received a downgrade based on Chief Executive Elon Musk's decision to prioritize its robotaxi program over its cheaper next-generation vehicle. Deutsche Bank analyst Emmanuel Rosner downgraded Tesla stock Thursday to a hold rating from a buy. Rosner wrote that the previous buy rating was based on Tesla's next-generation vehicle priced at $25,000 coming late in 2025, which could allow the company to reaccelerate volume, margins and free cash flow...
Continue ReadingTesla (TSLA) was once soaring high — a member of the Magnificent Seven group of tech or tech-adjacent stocks that led rallies in the S&P 500 (^GSPC) to one of its all-time highs — but has since fallen from grace in the 2024 trading calendar. The company has faced a litany of challenges, from disappointing production figures to leadership concerns around CEO Elon Musk. Yahoo Finance Anchor Madison Mills breaks down a timeline of the challenges that Tesla has faced in recent months to give context to its slide from the top. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino...
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Deutsche Bank analyst Emmanuel Rosner downgraded shares of electric-vehicle firm Tesla to Hold from Buy, and slashed his price target to $123 from $189...
Continue ReadingIn this article, we will take a detailed look at Jim Cramer’s New Picks: 10 Stocks to Buy. For a quick overview of such stocks, read our article Jim Cramer’s New Picks: 5 Stocks to Buy. Jim Cramer said during his program on April 17 that we would need to see at least two months of “cooling numbers” before […]...
Continue ReadingTesla stock is priced for a mainstream, autonomous future, but the company faces strategic uncertainty, leadership troubles, and hardening competition...
Continue ReadingAlphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has commenced another round of employee layoffs, underscoring a strategic move towards cost reduction amidst the tech industry’s prevailing economic uncertainties. The company confirmed that this latest series of job cuts is selective and not widespread across the organization, allowing those affected to pursue other internal opportunities. Reuters reports that this action follows a pattern of reductions within Google and the broader tech and me...
Continue ReadingSuccessful stock investing starts with having rules to handle Nvidia, Tesla and others. Learn how to invest following this three-step routine...
Continue ReadingThe UAW has tried and failed for years to organize non-union U.S. auto factories, most of them built by Asian and European automakers in southern U.S. states where so-called right-to-work labor laws make it optional for workers to pay union dues. Volkswagen workers in Chattanooga, Tennessee, will vote this week, beginning Wednesday and ending on Friday, on whether to organize with the UAW union...
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