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(Bloomberg) -- With global regulators examining Microsoft Corp.’s $13 billion investment in OpenAI, the software giant has a simple argument it hopes will resonate with antitrust officials: It doesn’t own a traditional stake in the buzzy startup so can’t be said to control it.Most Read from BloombergApps That Use AI to Undress Women in Photos Soaring in UseThe Record Rush to Buy a Rolex or a Patek Philippe Is OverAmericans Rush to Portugal Ahead of Changes to Expat Tax BreaksCarlyle’s Rubenstein...
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Amazon.com Inc. Founder Jeff Bezos's recent announcement that he will move to Miami with his fiancée Lauren Sanchez caused a stir as he will leave behind the Seattle area, which is synonymous with the company's success. Amazon staff is reportedly searching for extensive office space locations in Miami. Parents And Space Launches "As exciting as the move is, it's an emotional decision for me," Bezos wrote in a November Instagram post. Bezos expressed several reasons for the move, including a desi...
Continue ReadingThe S&P 500 has produced a total return of over 20% for investors in 2023, but that growth has come almost entirely from just a handful of stocks. The "Magnificent Seven" -- Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Nvidia (NASDAQ: NVDA), Meta Platforms (NASDAQ: META) and Tesla (NASDAQ: TSLA) -- have produced market-trouncing returns in 2023...
Continue ReadingApple's head of iPhone and Apple Watch design is reportedly leaving the company...
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Tang Tan, Apple's vice president of product design, is leaving the company in February, marking another high-level departure in recent history...
Continue ReadingThe Apple executive leading design for the iPhone and smartwatch, Tang Tan, is leaving the company in February, Bloomberg News reported on Friday, citing people with knowledge of the matter. This marks the second departure of an iPhone executive after Bloomberg News reported on Dec. 6, that Steve Hotelling who oversaw iPhone screen and touch ID technology that transformed the way iPhones feel and function is leaving...
Continue ReadingAmazon.com asked a federal court on Friday to dismiss a U.S. government antitrust lawsuit which accuses the company of using illegal strategies to boost profits at its online retail empire, including an algorithm that allegedly pushed up prices by more than $1 billion. In its motion to dismiss, Amazon said the U.S. Federal Trade Commission, in a lawsuit filed in September, confused "common retail practices" with anticompetitive conduct and failed to identify harm to consumers. "Amazon promptly matches rivals' discounts, features competitively priced deals rather than overpriced ones, and ensures best-in class delivery for its Prime subscribers," the company said in asking for the lawsuit to be "dismissed in its entirety."...
Continue ReadingThis marks the second departure of an iPhone executive after Bloomberg News reported on Dec. 6, that Steve Hotelling who oversaw iPhone screen and touch ID technology that transformed the way iPhones feel and function is leaving. The departure of Tan, who is vice president of product design at Apple, will come with a slew of elevated roles for some deputies, the report added...
Continue Reading(Bloomberg) -- The Apple Inc. executive in charge of product design for the iPhone and smartwatch is stepping down, bringing a shake-up to the company’s most critical product lines.Most Read from BloombergApps That Use AI to Undress Women in Photos Soaring in UseThe Record Rush to Buy a Rolex or a Patek Philippe Is OverAmericans Rush to Portugal Ahead of Changes to Expat Tax BreaksCarlyle’s Rubenstein Is in Talks to Acquire Baltimore OriolesHunter Biden Indicted in Tax Case as White House Woes M...
Continue ReadingBigger was definitely better in 2023, but a coming year of potential rate cuts could change the equation. Why small-cap stocks are likely to benefit...
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