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Shares were sliding as part of a broader selloff, with investors on edge ahead of the July 9 deadline for U.S. tariff deals...
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BRUSSELS (Reuters) -Apple took a challenge against EU regulators to Europe's second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European Commission in a decision in April said the iPhone maker's technical and commercial restrictions that prevent app developers from steering users to cheaper deals outside the App Store breached the Digital Markets Act. Apple, which had previously said it would seek legal redress, filed its lawsuit on Monday, the deadline for doing so...
Continue Reading(Bloomberg) -- Apple Inc. appealed a €500 million ($580 million) fine from the European Union, calling the penalty “unprecedented” and the regulator’s required changes to its App Store as “unlawful.”Most Read from BloombergForeign Buyers Swoop on Cape Town Homes, Pricing Out LocalsTrump’s Gilded Design Style May Be Gaudy. But Don’t Call it ‘Rococo.’Are Tourists Ruining Europe? How Locals Are Pushing BackMassachusetts to Follow NYC in Making Landlords Pay Broker FeesIn California, Pro-Housing ‘Ab...
Continue ReadingAlphabet's valuation is significantly lower than its peers. Taiwan Semiconductor's management expects monster growth over the next few years. Two stocks that I'd consider dirt cheap are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Taiwan Semiconductor Manufacturing (NYSE: TSM)...
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STORY: Nissan could let Taiwan’s Foxconn build EVs at one of its Japanese plants, in a move to save the factory from closure.That’s according to Reuters sources.The report concerns the major Oppama plant south of Tokyo, seen here in file footage.Back in May, Reuters reported that it could be closed as new company chief Ivan Espinosa sets sweeping restructuring plans.They're aimed at turning around the struggling automaker, which has faced a series of crises, and is now battling slumping sales.Allowing Foxconn to use Oppama could avert closure, and ease the impact of restructuring on the plant’s 3,900 workers.In a statement, Nissan said the report was not based on any information it had released.Foxconn didn’t reply to a request for comment.The Taiwan giant is better known as the top assembler of Apple’s iPhones.But it has set out ambitious plans to make electric vehicles.In May, a Foxconn subsidiary agreed to supply Nissan junior partner Mitsubishi with an EV model...
Continue ReadingIn a LinkedIn post, former Microsoft Pakistan country manager Jawwad Rehman described the closure as "end of an era"...
Continue ReadingMy all-weather portfolio gained 23% in H1, driven by tech, energy, and real assets amid rate cut hopes. See why I'm targeting a 40â50% return by 2025...
Continue ReadingSeveral analysts believe the humanoid robotics market could be larger than the robotaxi market. Tesla has ambitious plans for its Optimus humanoid robots. Tesla (NASDAQ: TSLA) fans should find it easy to identify reasons to buy the stock...
Continue ReadingLONDON (Reuters) -European stocks took an early lead in 2025, outperforming Wall Street thanks to erratic U.S. policymaking and Germany's once-in-a-generation fiscal shift, but U.S. markets have caught up. The broad European STOXX 600 index was up 6.6% so far this year, as of Friday's close, compared with 6.8% for the S&P 500. In March the STOXX was 10 percentage points ahead, leading European bulls to think this might be their time after years of European markets underperforming Wall Street...
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