Apple sued by US justice department over antitrust law violation claims March 21, 2024 The US Justice Department has launched an antitrust lawsuit against tech giant Apple over allegations of the company violating antitrust laws. The lawsuit was filed to a federal court in New Jersey, in addition with 16 State Attorney Generals, along with the District of Columbia. The Department of Justice held a press conference on Thursday [...]
Legal and General hits out at Apple’s plan to keep AI use secret March 13, 2024 Legal and General Investment Management (LGIM) has announced it plans to vote against Apple's use of AI at its upcoming annual meeting.
UK proposes new laws to crack down on push payment fraud March 12, 2024 New legislation to crack down on push payment scams via banking apps will be brought to parliament, the government has announced today.
EU takes a bite out of Apple with £1.6bn antitrust fine March 4, 2024 The European Commission has fined Apple €1.84bn (1.57bn) for favouring its own music streaming app over rivals.
Apple faces major UK investor rebellion over lack of AI transparency February 25, 2024 Legal & General Investment Management and Abrdn are planning to challenge Apple's AI disclosure practices at its upcoming annual meeting.
EU set to fine Apple €500m over music streaming misconduct February 18, 2024 The European Commission is reportedly due to hit Apple with its first ever fine against the company following an antitrust investigation into its music streaming business.
Apple: China takes a bite out of numbers but tech giant beats consensus February 2, 2024 Apple missed sales estimates in China but held on to profits elsewhere, it told its investors on Wall Street last night
FTSE 100 today: London markets likely to rise on heels of Wall Street’s tech rally February 2, 2024 A tech rally ignites global stocks: Meta soars 15%, while Amazon climbs 7%. Apple drops 3% amidst market turbulence, while oil prices surge. Focus now shifts to U.S. Non-Farm Payrolls.
Tech giants Meta and Amazon drive tech rally; Apple suffers from China woes February 2, 2024 Meta surged 15% post-market on strong revenue, dividend, and a $50 billion buyback; Amazon rose 7% on solid earnings and AWS growth; however, Apple fell 3% on a China sales miss and revenue forecast drop.
Earnings watch: Apple, Amazon, and Meta reports to set market tone February 1, 2024 Earnings reports from tech titans Apple Inc, Amazon.com, and Meta Platforms Inc, slated for Thursday, are poised to steer stock movements this week.