The European Union regulators have recently accused Apple of violating new tech regulations that prohibit the restriction of customers from using alternative platforms within the App Store. In their preliminary findings, the European Commission stated that Apple’s App Store rules hinder app developers from freely directing consumers to alternative channels for offers and content. This
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Target, a retail giant based in Minneapolis, has announced a new collaboration with Shopify in an effort to bring fresh and trendy brands to its website. This partnership will allow companies working with Shopify to apply to join Target Plus, a third-party marketplace launched by the discounter. In an interview with CNBC, Target’s Chief Guest
In the uncertain economic climate, it is crucial for investors to identify stocks with strong fundamentals and long-term growth potential. One such stock is Delta Air Lines (DAL), America’s second-largest carrier. With a network that reaches over 290 destinations across six continents, Delta has positioned itself as a key player in the airline industry. Analyst
Darden Restaurants recently reported a mixed quarterly performance, with Olive Garden experiencing a decline in same-store sales for the second consecutive quarter. This trend is concerning for the company, as it indicates a potential struggle to attract customers and drive revenue growth. With only a forecasted 1% to 2% increase in same-store sales for fiscal
The competition in the field of artificial intelligence has been heating up recently with the announcement of Anthropic’s latest model, Claude 3.5 Sonnet. As one of the many chatbots that have gained popularity in the past year, Claude is now being touted as the most powerful AI model released by Anthropic so far. With heavyweights
Disney and Pixar have faced challenges in regaining their foothold at the box office following the pandemic. The decision to release animated features directly on Disney+ caused a shift in audience behavior towards streaming platforms. This move impacted the traditional theatrical experience, as parents became accustomed to seeking out new Disney content from the comfort
In a time where corporate expenses seem to be spiraling out of control, one startup is aiming to revolutionize the way companies manage and monitor employee spending. CleverCards, a Dublin-based firm, recently secured an impressive 8 million euros in funding from investors, despite the financial technology industry facing a period of reduced investment. A 2016
GameStop’s annual shareholder meeting faced a major setback on Thursday as computer problems caused servers to crash under overwhelming interest in the stream. According to a customer service representative for the company hosting the stream, the meeting was scheduled to begin at 11 a.m. ET and was hosted on ComputerShare. However, when attendees tried to
Oracle, a leading software maker, saw its shares spike by more than 12% to reach an all-time high following the announcement of cloud deals with Google and OpenAI. The database management company revealed plans to bring its database to Google’s cloud in November, as well as partnering with Microsoft and OpenAI to provide supplemental computing
Apple is gearing up to unveil its latest advancements in artificial intelligence at the Apple Worldwide Developers Conference (WWDC) 2024. With a focus on integrating AI across its software suite, including a revamped Siri voice assistant and a potential partnership with OpenAI, Apple aims to demonstrate its commitment to innovation and staying ahead in the
Investors are eagerly watching the performance of off-price retailer Burlington Stores (BURL), as it continues to impress with its positive financial results. The first quarter of fiscal 2024 saw the company post upbeat numbers, leading to an increase in profit margin and earnings outlook for the full year. This positive news prompted Jefferies analyst Corey
In the world of cryptocurrency investing, the practice of “HODLing” has long been celebrated as a way to weather the storm of extreme price fluctuations. However, with the rise of exchange traded funds (ETFs) that track bitcoin’s price, the traditional strategy of simply holding on may be losing its appeal. As more traditional investors enter
Chinese electric car manufacturer, Nio, is gearing up to expand its operations to the Middle East, according to CEO William Li. The company, which was founded nearly a decade ago, has seen significant growth and is now eyeing international markets. Nio’s expansion is in response to increasing competition in the global electric car market, with
Alibaba, the Chinese e-commerce giant, is making significant strides in its global expansion efforts by introducing new services targeted at small businesses in the U.S. and Europe. One of the key initiatives announced by Alibaba.com, the company’s business-to-business platform catering to companies outside of China, is the launch of “Alibaba Guaranteed.” This new service is