Car companies’ forecasts about sales and production of electric vehicles have turned out to be far too optimistic...
Continue ReadingOle Andreas Halvorsen's $24.64B 13F stock portfolio includes top holdings in Visa, Workday, Amazon.com, UPS, and Danaher Corp. Read more here...
Continue ReadingApple has said it now requires a judge's order to hand over information about its customers' push notification to law enforcement, putting the iPhone maker's policy in line with rival Google and raising the hurdle officials must clear to get app data about users. The new policy was not formally announced but appeared sometime over the past few days on Apple's publicly available law enforcement guidelines. It follows the revelation from Oregon Senator Ron Wyden that officials were requesting such data from Apple as well as from Google, the unit of Alphabet that makes the operating system for Android phones...
Continue ReadingVirginia authorities have determined that a Tesla was operating on its Autopilot system and was speeding in the moments leading to a crash with a crossing tractor-trailer last July that killed the Tesla driver. The death of Pablo Teodoro III, 57, is the third since 2016 in which a Tesla that was using Autopilot ran underneath a crossing tractor-trailer, raising questions about the partially automated system's safety and where it should be allowed to operate. The crash south of Washington remains under investigation by the U.S. National Highway Traffic Safety Administration, which sent investigators to Virginia last summer and began a broader probe of Autopilot more than two years ago...
Continue ReadingThe iMessage cat-and-mouse game Apple, Beeper Mini and others in the Android ecosystem are playing makes for exciting headlines but a miserable user experience for everybody — and we all deserve better...
Continue ReadingA new preview of Geekbench ML 0.6 brings the machine learning benchmark tool to more platforms, with macOS included in the list for the first time alongside iOS...
Continue Reading2024 should be another positive year for capital market returns, specifically the major equity and fixed income benchmark indices...
Continue Reading(Reuters) - “Fortnite” maker Epic Games won a major antitrust trial against Alphabet’s Google in San Francisco, persuading a federal jury on Monday that some of the technology giant’s rules for its app Play store violated U.S. competition law. The jury said, after just three hours of deliberations, that Google’s tight controls on its Play store amounted to an illegal monopoly over both app distribution to Android users and in-app payment processing. A judge had ruled earlier that Google improperly deleted internal online “chat” logs relevant to Epic's claims...
Continue ReadingYesterday, we started a new portfolio position in Waste Management with a $195 target, and the shares are already working for us. Helping lift them higher today was the company's announcement of a 7% increase for its 2024 quarterly dividend to $0.75 from $0.70 and the Board refreshing Waste's $1.5 billion share buyback authorization. Combined with the $508.5 million remaining under its prior $1.5 billion buyback program exiting September, the company has roughly $2 billion or so remaining, subject to buyback activity quarter to date...
Continue ReadingProduct suppliers are less likely to appreciate the arrangement. Epic had sued Google arguing that it had improperly used dominance gained from the Android mobile device operating system to become a monopoly gatekeeper of smartphone apps. Notably, Epic pointed out that the arrangement allows Google to receive as much as 30 per cent of the payments for in-app purchases...
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