Tag: Business
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SpaceX extends losses after $600 billion wipeout, tech stocks slide again
June 23 : Shares of Elon Musk’s SpaceX slipped further on Tuesday following a three-session selloff that wiped out more than $600 billion from the company’s market value, with the highly valued technology sector on track to extend the rout.The rocket and AI company’s shares fell 1.9 per cent to $151.6 earlie
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UK tribunal gives go ahead for $4 billion lawsuit against Apple over iCloud services
LONDON, June 23 : Britain’s competition tribunal has approved a £3 billion ($4 billion) lawsuit against Apple over its iCloud storage service, consumer group Which? said on Tuesday, clearing the way for tens of millions of consumers to join a collective action.The Competition Appeal Tribunal granted earlier
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Iran says card-based banking hit by cyberattack on three lenders
DUBAI, June 23 : Iran’s state-owned banking technology provider said on Tuesday that cyberattacks disrupted card-based banking services at Bank Melli, Bank Saderat and Bank Tejarat.This had prompted a temporary suspension of all card-related operations at the three banks to prevent further unauthorized access
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Finland may approve Tesla’s supervised self-driving software before EU vote
HELSINKI, June 23 : Finland may approve Tesla’s self-driving assistance system earlier than a European Union-wide decision expected in October, the country’s transport authority said on Tuesday.The Netherlands in April became the first European country to grant provisional approval for Tesla’s Full Self-Drivi
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French mid-sized firms adopt AI but see few gains, survey shows
June 23 : Generative AI use is spreading quickly among French mid-sized companies, but most have yet to report clear productivity benefits, according to a survey by state-backed investment bank Bpifrance.Bpifrance said in its annual barometer of Entreprises de Taille Intermédiaire, or ETIs, that 77 per cent
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Meta announces new range of smart glasses starting at $299
June 23 : Meta Platforms on Tuesday announced a new range of AI smart glasses in partnership with EssilorLuxottica, starting at $299.
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Meta announces new smart glasses starting at $299, as Zuckerberg keeps pushing wearables
Meta executives have said they see the lightweight smart glasses as a step towards a more advanced device that includes screens in the lenses.
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Tech sell-off, Iranian oil sales, Target’s crisis of confidence and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Dollar rises to one-year high on Fed hike bets; yen hovers near 40-year low
LONDON, June 23 : The U.S. dollar rose to its highest level in more than a year on Tuesday as traders positioned for a more hawkish Federal Reserve despite oil prices inching lower on ebbing Gulf tensions, while the yen strengthened after flirting with a four-decade low.Fed funds futures are pricing in more t
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SoFi deepens AI-powered trading ambitions with Composer deal
June 23 : Financial services firm SoFi said on Tuesday it has bought Composer, an AI startup that helps retail investors build and execute sophisticated trading strategies that have long been the preserve of Wall Street firms.While commission-free trading has made it easier for individual investors to buy and
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