Since 2021, spending on streaming services has climbed 70% and the share of households paying over $100 a month has more than doubled...
Continue ReadingWall Street was set for a muted open on Friday after a rally in the previous session driven by an inflation reading that strengthened bets of interest rate cuts by June this year and a persistent artificial-intelligence mania. The tech-heavy Nasdaq closed at a record high on Thursday, spurred by gains in AI-linked stocks such as heavyweight chip designer Nvidia and its rival Advanced Micro Devices, which hit an all-time peak...
Continue ReadingThe number of bulls outnumbers their bearish counterparts by the widest margin since late 2021. What could go wrong?...
Continue ReadingApple shares have notably underperformed their Magnificent 7 peers this year...
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Continue ReadingMicrosoft’s market cap is about $309 billion larger than Apple’s. Just 16 months ago, Apple was $719 billion ahead...
Continue ReadingA number of government agencies in the European Union and elsewhere have voiced concerns about security risks as Apple opens up its iPhones and iPads to rival app stores to comply with EU tech rules, Apple said on Friday. Under the Digital Markets Act (DMA), from March 7 Apple will be required to offer alternative app stores on iPhones and allow developers to opt out of using its in-app payment system, which charges fees of up to 30%. The U.S. tech giant, which on Jan. 24 detailed the changes to bring its App Store in line with the EU rules, said "sideloading" - installation of applications on a mobile device without using its dedicated app store - has sparked concerns from both EU and non-EU government agencies and users...
Continue ReadingGoldman Sachs analysts remove Apple from the U.S. Conviction List on Friday after the stock spent 274 days there...
Continue ReadingU.S. stock index futures were muted on Friday after a rally in the previous session, driven by enthusiasm about the potential for artificial intelligence and an inflation reading that strengthened bets of interest rate cuts by June this year. The tech-heavy Nasdaq closed at a record high on Thursday, spurred by gains in AI-linked stocks such as heavyweight chip designer Nvidia and its rival Advanced Micro Devices, which hit an all-time peak...
Continue ReadingThe tech giant has published new details on how it is changing app distribution in the EU to comply with new competition laws...
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