It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
The EU is probing tech giants Google, Apple, and Meta for potential breaches of a new law meant to make the digital marketplace fairer. The investigation centers on how these companies steer users towards their own services within their app stores and search engines, and how Meta gives users the choice between privacy or paying for ad-free service. This probe could lead to fines or changes in how these companies operate, and has already sparked concerns for their investors and international implications.
U.S. stocks soared on Monday, led by tech companies. Google's parent company, Alphabet, jumped nearly 4.5% on rumors of a Google AI partnership with Apple. AI chipmaker Nvidia and electric carmaker Tesla also rose. Investors are now eagerly awaiting the Federal Reserve's meeting on Wednesday for hints about future interest rate cuts. Despite the positive mood, server manufacturer Super Microcomputer saw a significant decline.
Apple, Alphabet, and Tesla stocks have recently faced challenges. Apple, in particular, has struggled due to lower iPhone sales, legal issues, and project cancellations. Despite these setbacks, Apple's loyal consumer base and upcoming changes to increase revenue per device remain strong. Generative AI is a promising new technology, but analysts are concerned that Apple may fall behind in this area. Additionally, antitrust and geopolitical tensions could impact Apple's earnings.
