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The rising tide of AI will lift some boats more than others...
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Alphabet's Google agreed to pay $700 million and allow for greater competition in its app Play Store to settle an antitrust suit...
Continue ReadingIn 2023, the Hollywood strikes brought the industry to a complete halt...
Continue ReadingGoogle parent Alphabet agreed to pay $700 million and make certain changes to its app store, settling one of several antitrust challenges to the search-engine company. The settlement resolves claims by a group of states that Google operated its app store, Google Play, as an illegal monopoly, allegedly stifling competition from other app distributors on devices using the Google-owned Android operating system. Alphabet will contribute $630 million to a settlement fund distributed to benefit consumers, per a court-approved plan, and will pay $70 million into a fund used by the states, the company said...
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TheStreet's J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Tuesday, December 19th. In other news - if you were planning to buy an Apple Watch, you might want to move quickly. Apple will stop selling its Apple Watch Series 9 and Ultra 2 versions in the U.S. due to a patent controversy...
Continue ReadingThe so-called 'Magnificent Seven' - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG,GOOGL), NVIDIA (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) - dominated the S&P 500 (^GSPC) in 2023, and continue to do so, accounting for more than 27% of the S&P 500's total market value. With Federal Reserve leadership now signaling potential interest rate cuts in 2024, which in turn is ecpected to fuel investor interest in the stock market, can the Magnificent Seven continue with their positive streak? Jeff Schulze, Head of Economic and Market Strategy at ClearBridge Investments, joins Yahoo Finance to give his perspective on the market and how he sees those stocks continuing to perform into next year. Says Schulze: "There's a lot of optimism that's priced into these stocks at the moment and I think although they may move up in an absolute basis, on a relative basis, if we do have a soft landing, I think that money is going to move into those areas that have seen the relative performance that we've seen from an outperformance perspective over the last month, so I think the catalysts are still there, but i think its going to be more of a stock picker's market in 2024 than what we've seen this year." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingInvesting is a journey, not a destination...
Continue ReadingUsers of Google navigation apps in Israel are not seeing traffic jams due a precautionary suspension of that function as the country comes under rocket salvoes from Gaza and Lebanon. Though the crowd-sourced and colour-coded road congestions are temporarily absent from Google Maps and Waze, they are still being factored into the arrival-at-destination times given to users, a company spokesperson said. Since Hamas militants launched a cross-border attack on Israel on Oct 7, the Gaza Strip has erupted into war, with knock-on violence on the Lebanese border...
Continue Reading(Bloomberg) -- This year’s run-up in technology stocks, and particularly chipmakers, has left many with price tags so lofty it may seem like now is the time for firms to split their shares. Most Read from BloombergApple Races to Tweak Software Ahead of Looming US Watch BanApple to Halt US Sales of Smartwatches After Patent LossWhat If Putin Wins? US Allies Fear Defeat as Ukraine Aid StallsGulf Splits Hinder US Efforts to End Houthi Ship AttacksNikola Founder Trevor Milton Sentenced to Four Years...
Continue ReadingSeveral of the "Magnificent Seven" tech stocks are in focus this morning. Google-parent company Alphabet (GOOG, GOOGL) has agreed to pay a $700 million settlement in an antitrust suit targeting the tech giant's app store monopoly. This comes a week after Google lost a similar antitrust case filed by Epic Games. Apple (AAPL) is halting sales of its Apple Watch Series 9 and Ultra 2 products over a patent dispute with analysts wondering how much this will impact Apple's holiday sales. Lastly, Tesla (TSLA) reportedly seeks to increase hourly wages for Nevada gigafactory workers. Yahoo Finance Live examines these companies and what each event could mean for the Magnificent Seven stocks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
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