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Gas prices fall but chip demand is causing a new headache
Yahoo Finance Video93d 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
Reuters95d 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 Journal100d 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.

Apple faces a Siri moment it can’t afford to miss
TheStreet103d 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.107d 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.com107d 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.

Bloomberg116d 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
Reuters120d 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
Bloomberg121d 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
TheStreet122d 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
Bloomberg124d 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
Bloomberg124d 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
Reuters126d 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.