The European Union’s competition chief, Margrethe Vestager, recently highlighted a number of “very serious” issues with Apple under the EU’s Digital Markets Act (DMA). The investigation, which also includes Alphabet and Meta, started earlier this year and raised concerns about Apple potentially blocking businesses from informing users about cheaper product options or subscriptions outside of
Enterprise
Starboard Value, led by activist investor Jeff Smith, has recently acquired a significant stake in graphics-design firm Autodesk. The fund has engaged in discussions with Autodesk’s board regarding serious concerns surrounding the company’s internal investigation. The investigation ultimately led to the removal of Autodesk’s chief financial officer due to misleading disclosures about free cash flow
In January, the long-awaited bitcoin exchange-traded funds were finally launched, and financial advisors are starting to embrace them. According to BlackRock’s Samara Cohen, the adoption is happening gradually, with about 80% of bitcoin ETF purchases being made by self-directed investors. However, hedge funds and brokerages have also shown interest, based on recent 13-F filings. Despite
Every company faces the challenge of ensuring that their employees handle corporate expenses responsibly. However, in a world where improper expense requests can range from doggie day spa appointments to dance classes, businesses are constantly seeking innovative solutions to address this issue. CleverCards, a Dublin-based startup, has emerged as a pioneer in this field, offering
Elon Musk, the CEO of Tesla, has once again captured headlines with his ambitious vision for the future of the electric vehicle company. At the 2024 annual shareholder meeting in Austin, Texas, Musk shared his enthusiasm for a new project that could potentially propel Tesla’s market cap to unprecedented heights. Tesla first introduced the concept
The recent announcement by the European Union regarding higher tariffs on Chinese electric vehicles has had a significant impact on the stock market. Shares of Chinese EV makers saw a surge in prices on Thursday morning following the news. Hong Kong’s Hang Seng index rose by 1.23% at the open, with the gains mainly driven
Apple made an official announcement on Tuesday regarding the release of its flagship virtual reality headset, the Apple Vision Pro, in several Asian markets including China, Hong Kong, Japan, and Singapore on June 28. This marks the first time the gadget will be available outside of the United States, signaling Apple’s intent to tap into
The European Union is set to announce its tariff rate plan for Chinese electric vehicles amid concerns over low-priced, subsidized imports. Currently, the EU imposes a standard 10% duty on imported EVs, but there are speculations that these fees could be raised for Chinese EVs starting July 4. Analysts predict that the tariff rate could
Raspberry Pi, a British computing startup, recently saw success in its initial public offering by raising £166 million. This achievement is a rare win for London’s main stock exchange, which has faced challenges in attracting technology listings. The company priced its shares at 280 pence apiece, leading to a valuation of around £541.6 million. Despite
In a surprising turn of events, Microsoft has decided to hand over the development of all of its best artificial intelligence tools and software to OpenAI. This decision, according to Todd McKinnon, CEO of identity security firm Okta, could potentially benefit archrival Google. McKinnon pointed out that Google has been excelling in the field of