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Apple faces a Siri moment it can’t afford to miss
TheStreet58d agobearish
Apple faces a Siri moment it can’t afford to miss

Apple’s (AAPL) next major test is soon upon us. The company's Worldwide Developers Conference is June 8-12, and this year's gathering may be more important than a usual product display. Apple is scheduled to preview iOS 27, iPadOS 27, macOS 27, watchOS 27, tvOS 27, and visionOS 27. Developers and ...

Apple’s Indian Antitrust Probe Meets Growing iPhone, AI And Services Story
Simply Wall St.62d agobearish
Apple’s Indian Antitrust Probe Meets Growing iPhone, AI And Services Story

Apple has agreed to submit local financial statements to India's competition authority as part of an ongoing antitrust probe into alleged abuse of dominance. The case comes at a time when Apple's iPhone business and production footprint in India are expanding and the company is rolling out new integration features such as native bill splitting. This development arrives ahead of an expected AI focused Siri update at WWDC, raising questions about potential regulatory penalties in a key...

Intel Lands AI Partnership With Apple Supplier Foxconn. Why the Stock Is Falling.
Barrons.com62d agobearish
Intel Lands AI Partnership With Apple Supplier Foxconn. Why the Stock Is Falling.

Intel is teaming up with Apple supplier Foxconn to develop artificial-intelligence infrastructure—but that wasn’t enough to stop the chip manufacturer’s stock from sliding on Thursday. The selloff came after Intel and Foxconn, also known as Hon Hai Precision Industry said they would collaborate to speed up the AI buildout. “Together, we are accelerating the delivery of end-to-end platforms that unlock new capabilities and extend the impact of AI worldwide,” Intel CEO Lip-Bu Tan said.

Bloomberg71d agobearish
Ferrari Rolls Out Five-Seat Fully Electric Car in Brand First

(Bloomberg) -- Ferrari NV unveiled its first fully electric car, a five-seat model priced at €550,000 ($640,000) that marks a sharp break from the sports-car maker’s fuel-burning heritage.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps Remain on Urani

Apple asks US Supreme Court to review contempt order in Epic Games lawsuit
Reuters75d agobearish
Apple asks US Supreme Court to review contempt order in Epic Games lawsuit

Apple asked the U.S. Supreme Court on Thursday to review a lower court ruling that held ‌the iPhone maker in civil contempt over fees it was charging on ‌some outside purchases made by customers of its App Store. The petition to the Supreme Court escalates ​a years-long legal battle with “Fortnite” video game maker Epic Games, which sued Apple in 2020 seeking to loosen its control over transactions in applications that use the company's iOS operating system and its restrictions on how apps are distributed to ‌consumers. A judge mostly dismissed Epic's ⁠lawsuit but issued an injunction in 2021 requiring Apple to let developers include links in their apps directing users to non-Apple ⁠payment methods.

Circular AI Boom Goes Global as Asia Windfall Funds Hyperscalers
Bloomberg76d agobearish
Circular AI Boom Goes Global as Asia Windfall Funds Hyperscalers

(Bloomberg) -- The windfall earned by Asian chip makers is coursing through the world economy, mirroring on a global scale the circular flow of money within the AI ecosystem.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockSpaceX Shows $4.3 Billion Loss as Musk Targets Record IPOIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI Is Ready to Go Mainst

5-star analyst drops eye-popping Intel stock price target
TheStreet77d agobearish
5-star analyst drops eye-popping Intel stock price target

Intel (INTC) stock has lost about 19.17% since hitting its highest-ever closing price of $129.44 on May 11. It is currently trading at $104.62, according to Yahoo Finance at the time of writing, Tuesday morning, May 19. Intel repurchased Apollo’s (APO) equity interest in the joint venture related ...

Apple Readies AI Writing Help, App Shortcuts and Wallpapers for iOS 27
Bloomberg78d agobearish
Apple Readies AI Writing Help, App Shortcuts and Wallpapers for iOS 27

(Bloomberg) -- Apple Inc. is preparing a wave of artificial intelligence features for its next iPhone and iPad operating systems, including a grammar checker and new shortcut options, part of an effort to narrow the gap with capabilities available on rival devices.Most Read from BloombergStocks Fall, Oil Rises as Hormuz Deal Hopes Fade: Markets WrapBillionaire Rinehart Bets $100 Million on US Defense StocksIranian Media Said US Offered Interim Waiver on Oil SanctionsUS and Iran Far From Deal as

SpaceX’s Mega-IPO Puts a Price Tag on the Fear of Missing Out
Bloomberg79d agobearish
SpaceX’s Mega-IPO Puts a Price Tag on the Fear of Missing Out

(Bloomberg) -- Elon Musk has turned science fiction into reality for the better part of two decades, making believers rich and earning the benefit of the doubt from many on Wall Street. Away from rockets and electric cars, his companies are bending reality on another plane – convincing analysts to stretch their traditional valuation tools, and assign multiples based on what one academic calls “optionalities.”Most Read from BloombergUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpWi

Arm Holdings to face US antitrust probe over chip tech, Bloomberg News reports
Reuters81d agobearish
Arm Holdings to face US antitrust probe over chip tech, Bloomberg News reports

Arm Holdings is facing an antitrust probe by the U.S. Federal ‌Trade Commission over the British chip designer's ‌licensing of its semiconductor technology, part of ongoing global scrutiny ​of the business, Bloomberg News reported on Friday. The FTC is investigating whether Arm is trying to illegally monopolize parts of the semiconductor market. It is ‌looking to assess ⁠if Arm will reject or downgrade the licensing agreements for its chip blueprints ⁠used to design central processing units, the report said, citing people familiar with the matter.

Rave files antitrust lawsuit against Apple over removal of video-sharing app
Reuters90d agobearish
Rave files antitrust lawsuit against Apple over removal of video-sharing app

Software developer Rave on Thursday filed an antitrust lawsuit against Apple, alleging that the iPhone maker ‌kicked Rave's app for shared viewing of video content off the Apple ‌App Store after introducing a competing product called SharePlay. Ontario, Canada-based Rave is demanding reinstatement into the ​App Store and "hundreds of millions of dollars" in damages, according to the complaint filed in U.S. federal court in New Jersey. Apple did not immediately respond to a request for comment.

Apple settles lawsuit over late Siri AI features for $250 million
Reuters91d agobearish
Apple settles lawsuit over late Siri AI features for $250 million

Apple on Tuesday settled for $250 million a shareholder lawsuit ‌brought after the company delayed artificial-intelligence upgrades to ‌its Siri voice assistant. The lawsuit, filed by Peter Landsheft in U.S. ​federal court in California in 2024, arose after the iPhone maker announced - and started running advertisements for - a bevy of AI upgrades at its annual software developer conference ‌in 2024, saying ⁠they would become available with new iPhones that fall. In 2025, Apple said that the AI overhaul of Siri would not come ​until this ​year, and executives have ​now confirmed that the ‌new Siri features will be unveiled at Apple's annual developer conference next month.

PayPal Tumbles 10% Despite Q1 Earnings Beat: Is the Venmo Spin-off Enough to Save the Stock?
24/7 Wall St.92d agobearish
PayPal Tumbles 10% Despite Q1 Earnings Beat: Is the Venmo Spin-off Enough to Save the Stock?

PayPal Holdings (NASDAQ:PYPL) shares are tumbling roughly 10% in early trading Tuesday morning to about $45.50, after the company reported a Q1 2026 earnings beat alongside a soft Q2 outlook. The stock closed Monday at $50.39 before the report. The slide extends an already painful run. PYPL stock entered the earnings report down 13% year ... PayPal Tumbles 10% Despite Q1 Earnings Beat: Is the Venmo Spin-off Enough to Save the Stock?

The Fed Could Crush Trump’s Bull Market — Here’s the Warning Wall Street Is Missing
24/7 Wall St.93d agobearish
The Fed Could Crush Trump’s Bull Market — Here’s the Warning Wall Street Is Missing

Markets have spent months betting that President Donald Trump’s second-term agenda would extend the rally that pushed the S&P 500 to repeated highs. Tax cuts, deregulation, and aggressive reshoring policies are all catnip for investors. Since Election Day, cyclical sectors like industrials, banks, and small-cap stocks have outpaced the broader market as traders priced in ... The Fed Could Crush Trump’s Bull Market — Here’s the Warning Wall Street Is Missing

Tim Cook Says Apple Is Pursuing Tariff Refunds, Will Reinvest Any Windfall Into New US Innovation, Manufacturing Projects
Benzinga94d agobearish
Tim Cook Says Apple Is Pursuing Tariff Refunds, Will Reinvest Any Windfall Into New US Innovation, Manufacturing Projects

On Thursday, Apple Inc. said it is actively seeking refunds on tariffs it previously paid and plans to channel any recovered funds into additional U.S. innovation and advanced manufacturing investments. Apple Q2 Earnings Show Tariff Relief Helped Offset Rising Costs During Apple's fiscal second-quarter 2026 earnings call, CFO Kevan Parekh said product gross margin declined sequentially due to seasonal factors and rising memory costs, but lower tariff-related expenses helped support the company's