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Bloomberg33d agobearish
AMP Says Bonds No Longer a Hedge, Cuts From Some Pension Funds

(Bloomberg) -- AMP Ltd., one of Australia’s top asset managers, has ditched bonds from some of its retirement funds with sovereign debt no longer offering the diversification investors have relied on for decades as a ballast against stock volatility.Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonMeta Is Planning a Cloud Business to Sell AI Computing PowerRussia Indicates Ukraine Fired Long-Range

Top EU court dismisses Google appeal of $4.5 billion antitrust fine
Associated Press34d agobearish
Top EU court dismisses Google appeal of $4.5 billion antitrust fine

Judges at the European Union's top court dismissed an appeal by Google over a landmark, 4.1 billion euro ($4.5 billion) antitrust fine imposed for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system. The case has been tangled up in courts since the European Commission announced the fine in 2018. “The appeal brought by Google and its parent company Alphabet against the judgment of the General Court is dismissed, thereby confirming the penalty imposed for Google Search’s abuse of a dominant position in the context of the Android operating system,” the Luxembourg-based judges wrote in their ruling.

US Supreme Court to hear Apple appeal of contempt in Epic Games lawsuit
Reuters36d agobearish
US Supreme Court to hear Apple appeal of contempt in Epic Games lawsuit

The U.S. Supreme Court agreed on Tuesday to hear Apple's bid to escape being found in contempt in its legal fight with "Fortnite" maker ‌Epic Games after the iPhone maker was deemed in violation of a judicial order mandating sweeping ‌changes to its lucrative App Store in the antitrust litigation. The justices took up Apple's appeal of a lower court's ruling upholding ​a decision by Oakland, California-based U.S. District Judge Yvonne Gonzalez Rogers finding Apple in contempt in Epic's 2020 lawsuit contesting App Store fees. The Supreme Court is expected to hear the case in its next term, which begins in October.

Bloomberg36d agobearish
China Misses Out on AI Boom as Stocks Trail by Most Since 2001

(Bloomberg) -- After a banner year for Chinese stocks on the back of AI advances, 2026 is not going well.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS Stocks Get Tech Boost After AI-Fueled Selloff: Markets WrapCook Stays at Fed But Trump Wins Power Over Other AgenciesSupreme Court Leaves Trump’s Fed, Citizenship Gambits for LastPrabowo Risks Prompt Global Banks to Pull Cash Out of IndonesiaThe MSCI China Index has tumbled 15%, the worst performance glo

Apple says India 'copy-pasted' rivals' claims in antitrust probe
Reuters Videos37d agobearishVIDEO
Apple says India 'copy-pasted' rivals' claims in antitrust probe

<body><p>STORY: Apple accused&nbsp;India’s antitrust watchdog of "copy-pasting" rivals' claims in the latest escalation of their ongoing fight.&nbsp;</p><p>Regulatory papers reviewed by Reuters showed that Apple said the body failed to conduct its own probe after it concluded the tech giant breached competition laws.</p><p>Apple has called for the findings to be quashed.&nbsp;</p><p>It marks the sharpest move yet in Apple's conflict with the Competition Commission of India (CCI)...</p><p>Where Tinder-owner Match and Indian firms like Paytm are among its opponents.</p><p>In 2024, India’s watchdog published a report saying Apple engaged in "abusive conduct" on the apps platform of its iOS operating system...</p><p>And that Apple wrongly mandated the use of its payment system.</p><p>Apple has denied the allegations.&nbsp;</p><p>The tech giant instead branded itself a “miniscule player” in India with a sub-6% share of India's smartphone market.</p><p>And said that any forced alterations to its App Store could disrupt its integrated business model.</p><p>Similar arguments by other big companies, like Alphabet’s Google in 2023, have failed to sway the watchdog.</p><p>The CCI and its head of investigations] did not respond to Reuters queries.</p><p>&nbsp;Apple also did not respond to requests for comment.</p></body>

Saylor's Strategy shuts down rumors of being under investigation
Yahoo Finance Video39d agobearishVIDEO
Saylor's Strategy shuts down rumors of being under investigation

Scott Melker discusses rumors surrounding Saylor's Strategy, the brutal crypto week that took place, Kraken, bitcoin, and other big crypto headlines. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Apple (AAPL) Faces £3 Billion UK iCloud Lawsuit As Class Action Moves Ahead
Simply Wall St.40d agobearish
Apple (AAPL) Faces £3 Billion UK iCloud Lawsuit As Class Action Moves Ahead

Britain's Competition Appeal Tribunal has allowed a £3b collective lawsuit against Apple to proceed. The case alleges Apple abused its market position in iCloud storage by locking users into its ecosystem. Millions of UK iPhone and iPad users may be eligible to join the class action over alleged overcharging for iCloud subscriptions. Apple, traded as NasdaqGS:AAPL, now faces a large UK class action that directly targets its services business, an important revenue stream alongside hardware...

Big Tech stocks tumble while Micron continues to gain on Q3 earnings
Yahoo Finance Video40d agobearishVIDEO
Big Tech stocks tumble while Micron continues to gain on Q3 earnings

US stocks (^DJI, ^IXIC, ^GSPC) search for direction ahead of Thursday's session close, while Micron Technology (MU) holds onto gains following its massive earnings beat yesterday. Yahoo Finance Markets and Data Editor Jared Blikre takes a closer look at the day's market moves, Big Tech stocks, and how Micron's stock gains may be impacting Apple (AAPL).

Gas prices fall but chip demand is causing a new headache
Yahoo Finance Video48d agobearishVIDEO
Gas prices fall but chip demand is causing a new headache

Consumers may finally be getting some relief at the pump, with gas prices falling to their lowest levels since March following the Iran peace deal. But any savings could be offset elsewhere, as the AI-driven chip shortage pushes up the price of Apple (AAPL) iPhones. Hennion & Walsh CIO Kevin Mahn and Yahoo Finance Senior Business Reporter Ines Ferre join Julie Hyman to discuss the latest pressures on consumers and how the Fed is navigating the shifting inflation landscape.

Italy's antitrust regulator probes Apple over cloud services under Digital Market rules
Reuters50d agobearish
Italy's antitrust regulator probes Apple over cloud services under Digital Market rules

Italy's competition regulator said on Tuesday it had ‌opened an investigation into Apple over ‌compliance with interoperability obligations, under the European Digital ​Markets Act. Under the rules, Apple must ensure that third-party providers of consumer cloud services can inter-operate effectively and free of ‌charge with hardware ⁠and software components controlled through the group's iOS and iPadOS ⁠operating systems, and have equal access as Apple's iCloud service.

Retail Investors Are Selling Stocks to Raise Money for SpaceX
The Wall Street Journal55d agobearish
Retail Investors Are Selling Stocks to Raise Money for SpaceX

Retail investors are clearing the decks ahead of the SpaceX IPO. For two straight days this week, ordinary investors dumped their single-stock holdings on a net basis, according to Vanda Research. The moves suggests that mom-and-pop investors are amassing dry powder ahead of SpaceX's anticipated public debut tomorrow.