EU set to fine Apple 500 million euros in antitrust crackdown: Report
A. Perez Meca | Europa Press | Getty Images The European Commission is set to fine Apple about 500 million euros ($539 million) over alleged breaches of EU competition law,…
AI lobbying spikes 185% as calls for regulation surge
Artificial intelligence-related lobbying reached new heights in 2023, with more than 450 organizations participating. It marks a 185% increase from the year before, when just 158 organizations did so, according…
Spend money to make money
Google CEO Sundar Pichai, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. Mandel Ngan | AFP…
Stocks making the biggest moves midday: NFLX, ASML, T, AMD
Check out the companies making headlines in midday trading. Netflix – The streaming stock popped nearly 13% after topping fourth-quarter revenue estimates and posting strong subscriber growth. Late Tuesday, Netflix…
Spotify to begin in-app sales on iPhone after EU law requires Apple to allow it
Daniel Ek, CEO of Swedish music streaming service Spotify, gestures as he makes a speech at a press conference in Tokyo on September 29, 2016. Toru Yamanaka | AFP |…
MU, PARA, BA, KMX and more
Check out the companies making the biggest moves in premarket trading. Micron Technology — The chip stock jumped nearly 6% after the company beat earnings and revenue estimates postmarket Wednesday.…
PARA, SPOT, BB, KMX and more
Check out the companies making headlines in midday trading. Spotify — The streaming music stock gained 2.2% after Pivotal Research upgraded Spotify to buy from hold. The Pivotal note said…
SPOT, SPCE, LULU and more
Check out the companies making headlines in midday trading. Lululemon — Shares declined 1.3% after Wells Fargo downgraded the athleisure company to equal weight from overweight. The firm said Lululemon’s…
Spotify to lay off 17% of employees, CEO Daniel Ek says
It comes after Spotify reported a 65 million euros ($70.7 million) profit in the third quarter, citing lower spend on marketing and personnel. Spotify raised prices of its subscription plans…
China’s version of Spotify is ‘underappreciated,’ Morgan Stanley says
Tencent Music Entertainment is convincing more people in China to pay for music. In the July-to-September period, the company’s online music subscribers topped 100 million on a quarterly basis for…