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Reuters - 3 hours ago

US clears inflation decks, NZ cut surprises

MORNING BID AMERICAS-US clears inflation decks, NZ cut surprises A look at the day ahead in U.S. and global markets from Mike Dolan Feeding off impressive disinflation and a growing list of central bank interest rate cuts around the world, global stocks and bonds are rallying anew - with today's U.S. consumer price update set to clear the deck for Fed easing next month.
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Reuters - 3 hours ago

Spotify to add price information in its app on Apple devices in EU

Spotify to add price information in its app on Apple devices in EU Aug 14 (Reuters) - Spotify SPOT.N will update its app on Apple AAPL.O devices in the European Union on Wednesday to include prices of its various plans and services, more than three months after the iPhone maker rejected such a move. That rejection was due to Spotify not accepting Apple's Music Streaming Services Entitlement, newly introduced terms governing how music streaming apps in the European Economic Area inform users of o
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Reuters - 5 hours ago

Norway's wealth fund flags sovereign debt risk to stock markets

UPDATE 4-Norway's wealth fund flags sovereign debt risk to stock markets Countries are not doing enough to lower debt, fund CEO says Fund returns 8.6% in the first half of year Says result driven by 'fragile' technology stocks Recasts with interview with CEO, deputy CEO, in paragraphs 1, 4-10, 18 By Gwladys Fouche ARENDAL, Norway, Aug 14 (Reuters) - Countries around the world are not doing enough to reduce their debts and this poses a risk to the stability of already uncertain financial markets,
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Reuters - 6 hours ago

Apple supplier Foxconn's profit beats forecasts as it rides AI boom

UPDATE 3-Apple supplier Foxconn's profit beats forecasts as it rides AI boom Q2 net profit T$35.05 bln vs T$33 bln previous year Foxconn says development on track for Nvidia GB200 chip Forecasts AI servers to be next trillion-dollar revenue product Adds details from earnings call and Foxconn statement, bullets By Yimou Lee and Faith Hung TAIPEI, Aug 14 (Reuters) - Apple AAPL.O supplier Foxconn 2317.TW on Wednesday surpassed expectations with a 6% rise in quarterly net profit, driven by a boom in
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Reuters - 7 hours ago

Apple supplier Foxconn's Q2 profit rises 6% on year, beats forecasts

Apple supplier Foxconn's Q2 profit rises 6% on year, beats forecasts TAIPEI, Aug 14 (Reuters) - Apple AAPL.O supplier Foxconn 2317.TW reported on Wednesday a 6% rise in second-quarter net profit, driven by strong AI server demand. The Taiwanese company, the world's largest contract electronics maker, said net profit for the April-June quarter rose to T$35.05 billion ($1.09 billion) from T$33 billion in the same period the previous year.
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Reuters - 13 hours ago

Shunning home markets, South Korean retailers pile-up on US stocks

FOCUS-Shunning home markets, South Korean retailers pile-up on US stocks South Koreans resume years-long trend of buying US stocks Recent markets rout unlikely to deter Korean buying of US stocks Koreans hold Tesla the most, followed by Nvidia and Apple Retail sell-off in the domestic market biggest on record By Jihoon Lee and Cynthia Kim SEOUL, Aug 14 (Reuters) - South Korea's mom-and-pop investors are defying last week's global financial markets rout by pouring even more funds into U.S.
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Reuters - 15 hours ago

Breaking up Google an option being considered by US, Bloomberg News reports

Breaking up Google an option being considered by US, Bloomberg News reports Aug 13 (Reuters) - The U.S. Department of Justice is considering options that include breaking up Alphabet's GOOGL.O Google, a week after a judge ruled the tech giant illegally monopolized the online search market, Bloomberg News reported on Tuesday. Shares of the California-based company were down 1.4% in extended trading.
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Reuters - 19 hours ago

Google launches enhanced Pixel phones in bid to leverage AI tech

UPDATE 3- Google launches enhanced Pixel phones in bid to leverage AI tech Adds analyst comments, background, paragraphs 2-6, 12 and 15 Pixel 9 starts at $799, which is $100 more than previous model New AI features include screenshot search, Gemini chatbot overlay Announcement comes two months ahead of Google's typical schedule By Kenrick Cai, Max A.
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Reuters - 20 hours ago

Google unveils new phones and other gadgets powered by AI

Google unveils new phones and other gadgets powered by AI Pixel 9 starts at $799, which is $100 more than previous model New AI features include screenshot search, Gemini chatbot overlay Announcement comes two months ahead of Google's typical schedule By Kenrick Cai MOUNTAIN VIEW, California, Aug 13 - Alphabet’s GOOGL.O Google on Tuesday unveiled a lineup of new Pixel smartphones with deeper integrations of its artificial intelligence technology as it races to incorporate AI into its hardware.
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Reuters - 23 hours ago

AI PCs made up 14% of quarterly personal computer shipments, Canalys says

AI PCs made up 14% of quarterly personal computer shipments, Canalys says Aug 13 (Reuters) - AI PCs accounted for 14% of all personal computers shipped in the second quarter with Apple AAPL.O leading the way, research firm Canalys said on Tuesday, as added artificial intelligence capabilities help reinvigorate demand. WHY IT'S IMPORTANT PC providers and chipmakers have pinned high hopes on devices that can perform AI tasks directly on the system, bypassing the cloud, as the industry slowly emerg
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Reuters - 1 day ago

India watchdog orders rare recall of Apple antitrust reports

UPDATE 3-India watchdog orders rare recall of Apple antitrust reports Apple faces antitrust battles in India, elsewhere Relief for Apple as India recalls investigation reports Apple said confidential information was given to opponents Revision of reports can delay probe, sources say Adds Indian startup group comment paragraph 12-13 By Aditya Kalra NEW DELHI, Aug 13 (Reuters) - India's antitrust body has taken the unusual step of recalling two reports that detailed alleged breaches of competition
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Reuters - 1 day ago

India orders unusual recall of reports on Apple antitrust probe

EXCLUSIVE-India orders unusual recall of reports on Apple antitrust probe Adds details; paragraphs 2-9 By Aditya Kalra NEW DELHI, Aug 13 (Reuters) - India's antitrust body has ordered an unusual recall of its investigation reports that found Apple in breach of competition laws, after the U.S. giant complained its commercial secrets were disclosed to opponents, including Tinder-owner Match.
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Reuters - 2 days ago

Google wins dismissal of US consumer lawsuit over mobile search

UPDATE 1-Google wins dismissal of US consumer lawsuit over mobile search Adds comment from plaintiff in paragraph six By Mike Scarcella Aug 12 (Reuters) - A federal judge in California has dismissed a lawsuit accusing Google of unlawfully dominating web search on smartphones, but said the consumers should get another chance after a Washington, D.C.
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Reuters - 2 days ago

Video game giant Valve hit with consumer class action over pricing

Video game giant Valve hit with consumer class action over pricing By Mike Scarcella Aug 12 (Reuters) - Video game developer and distributor Valve has been hit with a consumer class action accusing it of barring publishers in its Steam online store from discounting their prices elsewhere, causing consumers to pay more for games. Four gamers in California, Florida and Missouri filed their lawsuit against Valve in federal court in Seattle on Friday, alleging the company’s market dominance and bi
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Reuters - 2 days ago

Google wins dismissal of US consumer lawsuit over mobile search

Google wins dismissal of US consumer lawsuit over mobile search By Mike Scarcella Aug 12 (Reuters) - A federal judge in California has dismissed a lawsuit accusing Google of unlawfully dominating web search on smartphones, but said the consumers should get another chance after a Washington, D.C. court separately ruled the tech giant spent billions to create an illegal monopoly.
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Reuters - 2 days ago

Apple loses China price battle, but will win war

RPT-BREAKINGVIEWS-Apple loses China price battle, but will win war The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Robyn Mak HONG KONG, Aug 12 (Reuters Breakingviews) - Apple AAPL.O should have no trouble overcoming recent setbacks in Greater China. The iPhone maker ceded ground to local rivals in what boss Tim Cook calls “the most competitive market in the world.” Distinct advantages, however, will help revitalize the $3 trillion company’s resilienc
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Reuters - 2 days ago

Harris presidential campaign finds legal world booster in Paul Weiss firm

Harris presidential campaign finds legal world booster in Paul Weiss firm By Jody Godoy and Karen Freifeld NEW YORK, Aug 12 (Reuters) - U.S. Vice President Kamala Harris' campaign to win the White House is getting a huge boost from Paul Weiss, a white shoe law firm with deep links to the Democratic Party. A favorite of Big Tech and Wall Street, Paul Weiss employees have donated more to Democratic candidates this election cycle than any other law firm.
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Reuters - 2 days ago

Apple loses China price battle, but will win war

BREAKINGVIEWS-Apple loses China price battle, but will win war The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Robyn Mak HONG KONG, Aug 12 (Reuters Breakingviews) - Apple AAPL.O should have no trouble overcoming recent setbacks in Greater China. The iPhone maker ceded ground to local rivals in what boss Tim Cook calls “the most competitive market in the world.” Distinct advantages, however, will help revitalize the $3 trillion company’s resilience.
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Reuters - 5 days ago

Green Dot jumps after lifting FY revenue forecast, renewing Apple contract

BUZZ-Green Dot jumps after lifting FY revenue forecast, renewing Apple contract ** Shares of digital bank Green Dot GDOT.N jump 10.5% to $9.78 ** After market close on Thursday, GDOT forecast annual adjusted total operating revenue between $1.60 bln and $1.70 bln, higher than its previous expectation of $1.55 bln and $1.60 bln ** GDOT sees growing
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Reuters - 5 days ago

Law firms suing Apple over smartphone dominance fight for lead roles

Law firms suing Apple over smartphone dominance fight for lead roles By Mike Scarcella Aug 9 (Reuters) - Two competing groups of law firms are pressing a judge to appoint them as leaders of potentially lucrative consumer class actions accusing Apple AAPL.O of monopolizing the smartphone market. The opposing coalitions of plaintiffs lawyers on Thursday made their pitches to U.S.
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