Apple valuation has peaked as competition remains a headwind, says Redburn Atlantic, which downgraded the stock on Wednesday. Analyst James Cordwell changed his call on the stock to Neutral from Buy but stuck with a target of $200 for the share price. Apple stock was down 0.4% to $184.49 in afternoon trading, bringing its loss so far this year to 4.3%...

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a behemoth used by more than 92% of Fortune 500 companies for more wide-ranging needs. And that growth has propelled OpenAI itself into becoming one of the most-hyped companies in recent memory, even if CEO and co-founder Sam Altman's firing and swift return raised concerns about its direction and...

A recent dip in Apple's stock over worries about iPhone sales has left the Silicon Valley tech heavyweight in danger of being overtaken by Microsoft as the world's most valuable company. Fresh worries about smartphone demand have pushed Apple's shares down 4% so far in 2024 after rallying 48% last year. Microsoft is up about 2% year to date after surging 57% in 2023...

Major crypto exchanges vanish from Apple's App Store in India, adhering to FIU mandates...

While most U.S. companies' annual shareholder meetings are months away, it is high season for jockeying over what ballot items will appear on corporate proxy statements. The bureaucratic arguments take place before the U.S. Securities and Exchange Commission, with scores of companies each year seeking permission to skip proposed shareholder votes. Traditionally, many of these items were filed by investor activists pushing companies to take more consideration of environmental, social and governance (ESG) factors...