Goldman Sachs is growing concerned about Apple, and it is not alone. While shares of the iPhone maker have been stronger of late, the advance comes in contrast to a darker view toward the stock from analysts.
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Volkswagen is bundling its software operations with an investment plan of about €8-billion over the next three to five years, another step in the electric and connected-car shift that’s heralding massive change across the entire industry.
The European Central Bank warned Facebook that the bar for regulatory approval of its planned libra project has been set very high as governments in the region express concerns about digital currencies.
The European Union’s antitrust chief called for more rules to rein in how companies collect and use information, offering the first clues into how she may use new powers to target big technology firms.
At current levels, Apple has a valuation of about $1.02 trillion, putting it slightly under Microsoft, the largest publicly traded US stock, with a valuation of $1.05-trillion.
Facebook’s libra would be blocked in Europe because the digital currency is too risky and threatens sovereignty, French finance minister Bruno Le Maire said on Thursday.
Oracle said CEO Mark Hurd will take a leave of absence for health-related reasons. Founder Larry Ellison and Safra Catz, who shares the CEO role with Hurd, will assume Hurd’s responsibilities during his absence.
Apple’s decision to skip support for the latest wireless standard on its new iPhones may cost the company a chance at capturing China’s biggest smartphone replacement wave in years.
SpaceX is weeks away from flying a second batch of satellites into orbit for a broadband Internet project Elon Musk is racing to set up before fellow billionaire Jeff Bezos.
Uber Technologies is dismissing 435 employees, the second major staff cut in recent months, as the company faces mounting losses and a declining stock price.