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These two tech companies are leaders in their industry, but one stock presented a better opportunity last quarter...
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The evidentiary phase of federal prosecutors' antitrust lawsuit levied against Alphabet (GOOG, GOOGL) has come to a close. The suit claims the tech giant abused its online search engine to establish a monopoly. Closing arguments are set to be heard in May 2024. Yahoo Finance Legal Reporter Alexis Keenan explains what Apple (AAPL) may have to lose if the Department of Justice wins this case, with one witness revealing the iPhone maker receives over a third of Google's advertising revenue due to the Google search feature on Apple's Safari browser. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingChatGPT maker OpenAI announced that Sam Altman has left the company after the company's board lost confidence in his leadership and transparency...
Continue ReadingThe market rally is about to enter a power trend. Nvidia earnings loom large for AI stocks such as Microsoft and Palantir...
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Companies like IBM (IBM) and Lionsgate (LGF-A, LGF-B) are suspending their advertising on X, formerly Twitter, due to concerns about their ads appearing next to anti-Semitic content. It comes as X Owner and Tesla CEO Elon Musk endorsed an anti-Semitic post on the app. It prompted longtime Tesla (TSLA) bull Ross Gerber to say he will be swapping his Tesla for a Rivian. Kevin Paffrath, a financial advisor, Tesla investor, and the YouTuber behind "Meet Kevin," tells Yahoo Finance that "at this point, you can't really hurt the brand anymore than Elon has already done over the last year, so as a shareholder, I'm not concerned." Paffrath argues that Tesla's stock movement is based more on interest rate movement. Paffrath does say, however, that Musk "needs a babysitter and he actually needs to listen to that babysitter. Unfortunately, he acts like that little brother that's a genius but just doesn't listen to good advice." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingThe S&P 500 rose 0.1% on Friday, Nov. 17, 2023, and other major indexes were also little changed, but they all posted solid gains for the week amid positive inflation news...
Continue ReadingDow Jones industrials were unchanged in afternoon trades Friday. GOOGL fell on news that it is delaying the launch of its AI product Gemini...
Continue ReadingAmazon.com announced Thursday it will begin online car sales for the first time next year. Carvana stock tumbled Thursday and gave up more ground Friday. In a blog post, Amazon said its digital vehicle sales will start with Hyundai cars sold by dealerships...
Continue ReadingOpenAI announced Friday afternoon that CEO Sam Altman has departed the company, saying the executive “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” The company did not immediately provide details on how Altman may have misled its board. Chief technology officer Mira Murati was appointed interim CEO...
Continue ReadingDespite the Nothing company co-founder claiming that its chat service that bridges iMessage would be end-to-end encrypted, the source code appears to reveal quite the opposite...
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