bigtech
A US judge indicated on Wednesday that he is planning to order Google to make big changes to its Play Store for Android phones. US District Judge James Donato made clear during a hearing in San Francisco that the order would probably require Google's store to offer consumers a choice to download alternative app stores. The judge had been considering punishment for the company after Google lost an antitrust lawsuit in December to Epic Games, the creator of popular video game Fortnite. Google loses major US antitrust case as judge rules it has illegal search monopoly"We are going to tear the bar...
Euronews (English)
Technology stocks have faced strong headwinds over the past month, driven by disappointing quarterly earnings and a broad risk-off sentiment in global markets. Investors have begun unwinding their positions in artificial intelligence (AI) stocks, reallocating funds to sectors likely to benefit from lower interest rates, such as real estate and utilities. On Wall Street, most of the so-called "Magnificent Seven" stocks have seen sharp declines over the past month, with leading AI frontrunners like Microsoft, Nvidia, Amazon, and Alphabet all losing more than 10%, placing them in correction terri...
Euronews (English)
Apple announced an update to its App Store terms in the EU on Thursday (8 August) to allow developers to provide information and promote offers at external app marketplaces or websites to comply with the bloc's new competition rules. App developers can promote these alternative offers within their applications, including subscription prices available both in their apps and outside of them, Apple said in an update. They can also provide links that can be “tapped, clicked, or scanned,” to take customers to the other offers. The changes, which are set to apply in the autumn, come after the Europe...
Euronews (English)
Global stock markets have plummeted as fears grow that the US Federal Reserve may have left it too late to begin cutting interest rates posing a major risk to the world's largest economy. Shares in Asia tumbled, Japan's benchmark Nikkei 225 index sank 5.8% on Friday in what some reports said were the worst single-day loss since Black Monday of 1987. The drop of more than 2,000 points to its close at 35,909.70 left the index near where it was in January, erasing huge gains that had taken the Nikkei index past the 40,000 level as enthusiasm for artificial intelligence drove shares in computer ch...
Euronews (English)
Apple and Amazon have reported their June-quarter earnings, continuing to fuel market volatility on Wall Street. Apple surpassed market expectations and returned to growth after experiencing a sales contraction in the previous quarter. In contrast, Amazon shares slumped more than 6% in after-hours trading due to missing revenue estimates and providing a disappointing outlook for the current quarter. However, overall sentiment soured as both earnings results revealed softening spending and competition from Chinese rivals impacting their profitability. Additionally, the massive AI investments by...
Euronews (English)
British chip designer Arm has announced its first-quarter results for the fiscal year 2025, which comfortably exceeded analysts' estimates. However, its shares plunged more than 10% in extended trading hours due to tepid guidance. Despite this, Arm's stocks have shown robust performance, rising 96% this year as of the close on Tuesday. The artificial intelligence (AI) boom is expected to continue to bolster its chip sales in the new fiscal year ahead. Arm holds a monopoly position in the market, supplying semiconductor design platforms to most smartphones worldwide. The company debuted on the ...
Euronews (English)
Apple is set to report its third-quarter earnings for the fiscal year 2024 after the US markets close on 1 August. The tech giant reclaimed its position as the world's largest company from Microsoft and Nvidia, with its market capitalisation standing at $3.36 trillion (€3.09 trillion) as of 30 July. Apple shares are up 17% year-to-date and have risen approximately 26% since its March quarter earnings release, thanks to the announcement of its largest-ever share buyback programme of $110bn (€191.6bn) and the long-awaited AI adoption. In the upcoming earnings report, investors will focus on two ...
Euronews (English)
Microsoft has reported its fourth-quarter earnings for the fiscal year 2024, surpassing analysts' estimates. However, its shares dropped by more than 3% in after-hours trading due to the disappointing growth pace in Azure cloud services, seen as the core segment supporting the tech giant in competing against its artificial intelligence (AI) rivals. Furthermore, the world's second-largest company increased spending on data centre construction, causing investors to be concerned about its profit margins. NumbersMicrosoft reported earnings per share of $2.95 (€2.72) on revenue of $64.7bn (€59.56 b...
Euronews (English)
The parent company of Facebook, Meta Platforms, is set to report its second-quarter earnings after the US markets close on 31 July. The social media giant reported strong earnings for the first quarter but provided disappointing guidance, which led to a 15% drop in its shares on the day of the report. Nonetheless, its shares are up 33% year-to-date, making it one of the top performers among the Magnificent Seven stocks so far in 2024. In the second quarter, investors will be looking for continued strong advertising earnings and progress in the development of the artificial intelligence (AI) to...
Euronews (English)
The EU should avoid repeating mistakes that happened with the implementation of its copyright directive when enforcing AI, veteran centre-right German lawmaker Axel Voss (EPP) told Euronews in the first of a series of digital themed interviews for the summer. Over the Parliament's last couple of mandates, Voss has overseen a range of digital files including the General Data Protection Regulation (GDPR), Copyright and AI. Voss also suggested more tailored committees in the Parliament should be equipped to deal with the digital sector, and to preserve Europe's position in world. Euronews: Congra...
Euronews (English)
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