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It was a good day for the Magnificent Seven—at least some of them. Tesla stock ended Monday's session up 8.5%, perhaps riding the coat tails of SpaceX, which was up 7.1%. The two Elon Musk companies are tightly linked, jointly developing a chip fabrication complex in Texas.
By Munsif Vengattil, Aditya Kalra and Stephen Nellis NEW DELHI/SAN FRANCISCO, June 29 (Reuters) - Sensitive lists of components and suppliers, and photos of Apple's upcoming iPhone 18 Pro models are
Sensitive lists of components and suppliers, and photos of Apple's upcoming iPhone 18 Pro models are part of files posted on the dark web by the ransomware group that stole data from the U.S. firm's Indian supplier Tata Electronics, according to documents and a source. The exposure threatens the carefully negotiated business of building the iPhone, which Apple assembles from a thicket of suppliers worldwide. It could also upset Apple and its relationship with Tata given most of the supplier arrangements are fiercely protected by Apple, and could also hand rivals, counterfeiters and its own vendors a view of who makes what.
The bank’s top equity strategist thinks artificial-intelligence spending will be the big story again for this coming second-quarter earnings season.
Alphabet shares climbed on Monday as the Google parent made its debut in the blue-chip Dow Jones Industrial Average, replacing Verizon Communications, and immediately ranking among its most influential members. • Its shares rose 3.7% to $350.24, offering one of the biggest boosts to the 30-member Dow. • The company replaced Verizon on the index, S&P Dow Jones Indices said in an announcement on June 23.
Apple's price hikes on a range of products due to rising memory chip costs might not fully cover its increased expenses.
Technology stocks were trading higher in premarket trading Monday as the looked set to finally snap its five-day losing streak. Semiconductor companies, other artificial-intelligence stocks, and the Magnificent Seven were among those rebounding to start the week. Microsoft jumped 2% ahead of the open, while Amazon Alphabet Nvidia Meta and Tesla were all up around 1%.
(Bloomberg) -- Even as prediction platforms like Polymarket and Kalshi surged into the global mainstream in recent years, Japan — like its Asian neighbors China and South Korea — remained a no-go zone due to strict anti-gambling regulations. That may be starting to change, thanks to enterprising new startups that are finding ways to skirt regulations.Leading the charge are homegrown platforms launched by Gen Z entrepreneurs. Spearheaded by seven-month-old Miraima, the apps allow users to wager o
The power trend has generated impressive gains. Get ready to deal with whatever comes next with five guidelines for how to invest.
Apple Inc. is losing a pillar of its spatial computing ambitions to OpenAI. Paul Meade, the Vice President overseeing the Vision Pro headset and Apple’s upcoming smart glasses, is departing the tech giant. Meade will exit Apple by next week to spearhead OpenAI’s burgeoning hardware division, according to a Bloomberg report. At OpenAI, he is tasked with bringing a new family of AI-native devices to life. Neither company has officially commented on the move. Meade isn’t just a manager; he’s an arc
Investing.com -- A strong earnings showing for one memory stock was overshadowed by a rotation out of technology and into more defensive names, while Bitcoin's slide below $60,000 hit crypto-linked stocks over the past few days.
Investing.com -- President Donald Trump said on Friday that the United States will impose a 100% tariff on all imports from countries that levy digital services taxes on American companies, escalating tensions over taxation of U.S. technology firms. In a post on Truth Social, Trump said several European countries are considering digital services taxes and warned that any nation adopting such measures would face immediate 100% tariffs on all goods exported to the United States, and adding that th
Investing.com -- Apple's decision to raise Mac, iPad and accessories prices by 15% to 25% represents an unprecedented effort to defend gross margins amid record memory cost inflation, Morgan Stanley told investors in a note on Friday, adding that demand resilience and ecosystem lock-in could still drive revenue and earnings upside.
Tata Electronics, a key Indian supplier to Apple, has restricted internal access to sensitive systems as it investigates a leak of thousands of secret client files on the dark web, a Tata source and two industry officials said. Tata has also hired a global consultant to conduct a forensic audit and has reported the incident to the Indian government and its clients, said the Tata source, declining to be named given the sensitivity of the matter. Reuters reported this week that ransomware group World Leaks posted more than 200,000 files to the dark web, including purported component design papers from Apple and Tesla, both of which are Tata clients.
June 26 (Reuters) - Futures tied to the tech-heavy Nasdaq led Wall Street losses on Friday, as chip stocks came under renewed pressure after a sharp rally in the previous session, while some megacap
A look at the day ahead in European and global markets from Ankur Banerjee Just as investors were settling into the idea that the AI rally still had legs, Apple delivered a reality check that someone
Apple on Thursday announced an increase in prices for Macs and iPads, citing a memory chip shortage brought on by the artificial intelligence boom. The Cupertino, California-based company called the demand spike an “unprecedented challenge” for the consumer electronics industry.
MILAN, June 25 (Reuters) - Ferrari's first-ever EV model, which has triggered a flurry of criticism since its unveiling last month, needs to be "digested" before it can be understood, the company's
Micron's blowout earnings sent the stock soaring Thursday, but the bigger market message showed up in Apple's share price.
May's Personal Consumption Expenditures (PCE) index — the Federal Reserve's preferred inflation gauge — saw inflation rise 0.4% month-over-month and 4.1% year-over-year Core PCE, which excludes food and energy prices, rose 0.3% monthly and 3.4% annually, marking the highest level since 2023. Morning Brief Host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Epistrophy Capital Research chief market strategist Cory Johnson to further examine rising price trends.
SAN FRANCISCO, June 25 (Reuters) - Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry's datacenter buildout. The move does not affect Apple's main cash cow, the iPhone.
Investing.com -- Apple Inc. increased prices for its Mac computers, iPads and home devices on Thursday to offset rising costs from a memory chip and storage shortage.
By Stephen Nellis and Aditya Soni SAN FRANCISCO, June 25 (Reuters) - Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip
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