Apple has finally reversed its iPhone sales slump in China. According to Jefferies analysts, Apple’s new iPhone discounts have helped the company turn around its underperformance in the Chinese smartphone market, and its iPhone sales outperformed Google and Huawei devices
Meta was charged Monday with violating Europe’s sweeping tech competition law by forcing customers into a restrictive “pay or consent” model for ads on Instagram and Facebook.
Chicken Soup for the Soul Entertainment, the company behind Redbox , filed for bankruptcy on Friday after it struggled to pay its employees and defaulted on loans. Read more...
Apple still believes in its Vision Pro mixed reality headsets even though sales have sputtered. CEO Tim Cook put Apple’s Vision Pro updates front and center at the beginning of his keynote address during the Worldwide Developers Conference on June 10. Read more...
A federal judge in New Jersey rejected on Friday a bid from a group of cancer victims to block Johnson & Johnson’s proposed $6.5 billion bankruptcy settlement plan of its talc cancer lawsuits. Read more...
The generative artificial intelligence boom has led to a massive demand for electricity — and tech companies are turning to nuclear power to feed it. Read more...
A major Canadian airline worked out a deal to end a chaotic mechanics’ strike that disrupted one of its busiest travel days. WestJet, the country’s second-largest airline, announced Sunday that a new contract with the Aircraft Mechanics Fraternal Association was agreed upon.
A cryptocurrency exchange that went bankrupt a decade ago due to a hack is preparing to refund $9 billion worth of Bitcoin this month, sparking concerns among investors about its potential impact on Bitcoin’s price. Read more...
The US is poised for record-breaking Fourth of July travel, with an estimated 70.9 million Americans expected to travel more than 50 miles for Independence Day. Read more...
The European Union said Monday that Meta’s “pay or consent” advertising model violates its new digital competition law, which both Apple and Microsoft have also been nailed for. Read more...
Chewy stock climbed as much as 20% in pre-market trading Monday, thanks to a newly-disclosed show of support from meme stock booster “ Roaring Kitty .” Read more...
Boeing on Monday announced it will bring supplier Spirit AeroSystems back under its umbrella as the company seeks to stabilize its supply chain amid a tumultuous year . Read more...
The Kids Online Safety Act, or KOSA would impose a legal “duty of care” on social media firms to protect minors from harassment, bullying, anxiety and sex abuse – or face enforcement action by the Federal Trade Commission.
During the first half of 2024, companies such as Nvidia and Super Micro Computer experienced historic growth, while others struggled and faced pricing pressures even as the S&P 500 and Nasdaq hit new highs . Read more...
One thing that is dominating the U.S. stock market in 2024 is artificial intelligence and AI. All of the major tech companies have thrived on AI and will most likely continue to do so in the near future. Read more...
Later this week, Tesla will reveal how many electric vehicles it’s sold over the past three months. It’s almost certain that the company’s deliveries have sunk far below last year’s results — the real question is by how much. Read more...
As artificial intelligence takes off, so has demand for the chips powering the technology. Chipmaker Nvidia, which recently entered the $3 trillion market cap club with Microsoft and Apple, has seen its stock soar this year, jumping 156.5% amid the AI boom. Read more...
No matter where you are in the country right now, it’s hot . From New York City to San Diego, it’s like God has set up a massive hair dryer over the continent. If you happen to be in your car though and you want to know just how hot it is, don’t count on your car’s thermometer
The auto industry has been slowly recovering ever since the pandemic hit, and these days, things are better than they have been in years. Inventory is up, and so are the incentives. You may still struggle to get a good deal on some of the most in-demand models, but overall, the
The first half of 2024 saw the most volatile asset class, cryptocurrency, experience a comeback-worthy story after going through its most vulnerable state. Read more...