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The US Justice Department sued the tech giant for monopolistic practices, in a landmark antitrust case that threatens Apple’s walled garden business model
Apple is in talks with Google to use Gemini artificial intelligence in the iPhone. Gemini is Google’s suite of generative AI tools and may be integrated into iPhone software later this year - Apple may release iOS 18 at its June Worldwide Developer’s Conference.
JPMorgan Chase will pay almost $350 million to bank regulators because of surveillance failures on billions of trades over the last decade. JPM discovered the record-keeping shortfalls and reported them to the Federal Reserve and the Office of the Comptroller of Currency. The Fed penalised the bank to the tune of $98m and the OCC will receive $250m.
Nvidia’s trading this week has been choppy. Notably, it charted a rare bearish outside day on Friday, in a day of high volatility, where the range from its high to low was $108. This hot-bloodedness comes just before its developer’s event, which kicks off on Monday.
Comcast’s Universal got the most awards in Sunday’s Oscar ceremony with Oppenheimer, Disney’s Searchlight followed with Poor Things, Netflix , Warner and Amazon got just one accolade, while Apple won nothing
The tech giant is having a tough year, as it has not responded to the AI progress of its rivals and its lack of innovation hurts its growth, which in turn creates headwinds for the stock
The EV startup unveiled three impressive smaller and more affordable electric vehicles, which will be crucial for its future and the expansion of its customer base
Apple stock has had a tough start to the year and is down close to 9% for the year-to-date. Technically, it is approaching an important support level at $165 (green horizontal line). Its trend-following indicators are in bear mode with the green 5-week EMA below the orange 10-week EMA. Moreover, the momentum is biased to the downside with Apple’s weekly RSI below 50 (green rectangle). The longer it stays below…
A year after the SVB collapse, NYCB sustains fears around regional banks after disclosing “material weaknesses” in its internal controls, not long after it had posted a surprising Q4 net loss
A memo went out on Tuesday evening where Google CEO Sundar Pichai addressed the company’s artificial intelligence blunders. This follows Google taking its Gemini image-generation feature offline to test.
Revenues grew and losses narrowed in 2023, according to 2023 report, but the British luxury car maker is behind key competitors in electrification and postponed its first BEV
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