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Small developers operating outside of Japan can be tough to get ahold of for owed consumption tax payments, so the Finance Ministry is placing the burden on Apple and other app market operators...
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Berkshire Hathaway said on Tuesday it has shed its holdings in General Motors and Procter & Gamble, and trimmed its stake in Amazon.com , as the conglomerate controlled by billionaire Warren Buffett boosted its cash pile to a record $157.2 billion. In a regulatory filing detailing its U.S.-listed stock holdings as of Sept. 30, Berkshire reported no holdings in GM and P&G, after reporting stakes of $848 million and $48 million in June, and said it reduced its stake in Amazon by 5%...
Continue ReadingInsight into Wedgewood's Latest Portfolio Adjustments and Key Stock Movements...
Continue ReadingFirm releases quarterly portfolio...
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Google CEO Sundar Pichai on Tuesday was summoned to federal court for the second time in two weeks to testify in an antitrust trial threatening to topple a pillar of an internet empire that he helped build. In his latest court appearance in San Francisco, Pichai spent more than two hours defending the business practices of the Google Play Store, which distributes apps for the company's Android software that powers most of the world's smartphones. At times, the soft-spoken Pichai looked nonplussed and frustrated by the confrontational questioning he faced...
Continue ReadingCompanies boasting strong cash-generating abilities can be great investments, as they have plenty of cash to fuel growth, pay dividends, and easily wipe out debt...
Continue ReadingThis is an audio transcript of the Unhedged podcast episode: ‘Big Tech round-up: Tesla, Nvidia, Apple and more’Ethan WuStock returns not just in the US but in the entire world in 2023 have been dominated by just seven stocks, the “magnificent seven”, and you have definitely heard of them: Nvidia, Apple, Google, Microsoft, Amazon, Meta and Tesla...
Continue ReadingAlphabet CEO Sundar Pichai acknowledged in federal court on Tuesday that he sometimes marked documents as "privileged" and never turned off a setting that caused internal chats to delete automatically after one day. Pichai was in court in San Francisco to defend Alphabet's Google from a lawsuit by Epic Games that alleges its app store policies amount to an illegal monopoly and have caused consumers to pay artificially high prices. Attorneys for Epic Games, maker of the wildly popular "Fortnite" game, appeared to be trying to establish that Pichai and Google were concealing sensitive communications that could later be used against it in a potential trial...
Continue ReadingThe Technology Select Sector SPDR Fund ETF has made a new all-time high and that factoid has been repeated on the cable financial programs many times this Tuesday. In this weekly Japanese candlestick chart of XLK, below, I see a mixed picture. The trading volume has not materially increased in the past year and that is not a positive for the uptrend...
Continue ReadingApple has provided developers with the sixth beta build of visionOS to try out, as the release of the Apple Vision Pro slowly approaches...
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