Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
By Mike Scarcella (Reuters) – The U.S. government’s antitrust lawsuit against Apple draws on the watershed 1998 case that broke…
2024
Meta Platforms must face advertisers’ class action, US appeals court says
By Jonathan Stempel (Reuters) -A divided U.S. appeals court said Meta Platforms must face a class action by advertisers that…
FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%
By Lisa Baertlein and Aishwarya Jain (Reuters) -FedEx narrowed its fiscal 2024 profit forecast on Thursday, raising the bottom end…
Lululemon warns of slowing North America sales as spending falters
By Annett Mary Manoj (Reuters) -Lululemon Athletica forecast annual revenue and profit below expectations on Thursday as demand wanes for…
Micron hits record high as AI demand powers strong forecast
By Medha Singh and Aditya Soni (Reuters) – Memory chipmaker Micron Technology surged to a record high on Thursday after…
Top US diplomat Blinken to visit Israel amid tensions over Gaza’s Rafah
(Reuters) – U.S. Secretary of State Antony Blinken will visit Israel on Friday in an expansion of his Middle East…
Goldman Sachs digital asset head says crypto rally driven by retail investors
By Elizabeth Howcroft LONDON (Reuters) -The recent surge in cryptocurrency prices has been driven by retail investors, but institutions are…
Super Micro dips as AI server maker looks to sell shares
(Reuters) -Super Micro Computer said on Tuesday it will sell 2 million shares that could fetch around $2 billion, sending…
Nippon Steel pledges to move US HQ to US Steel’s Pittsburgh
By Katya Golubkova TOKYO (Reuters) -Nippon Steel would move its U.S. headquarters to Pittsburgh where its acquisition target U.S. Steel…
Apple in talks to let Google’s Gemini power iPhone AI features, Bloomberg News says
By Martin Coulter (Reuters) -Apple is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, Bloomberg News…