Elon Musk recently attended the Cannes Lions advertising festival in Cannes, France, where he addressed his previous comments regarding advertisers on his X social media platform. When asked by WPP CEO Mark Read about his statement telling advertisers to “go f— yourself,” Musk clarified that his intention was not to target the advertising industry as
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Apple is currently facing several “very serious” issues under the European Union’s Digital Markets Act (DMA), according to Margrethe Vestager, the bloc’s competition chief. The investigation was initiated in March, along with probes into Alphabet and Meta, under the newly applicable tech legislation. One of the main concerns raised about Apple is whether the company
Starboard Value, led by Jeff Smith, has recently acquired a significant stake in graphics-design firm Autodesk. The activist fund has engaged with Autodesk’s board regarding serious concerns related to the company’s handling of an internal investigation that resulted in the removal of its chief financial officer. Sources familiar with the matter have disclosed that Starboard’s
The launch of bitcoin exchange traded funds earlier this year has sparked interest among financial advisors, with BlackRock’s Samara Cohen noting a gradual adoption process. Cohen highlighted that currently, a significant portion of bitcoin ETF purchases are coming from self-directed investors who have taken the initiative to allocate funds through online brokerage accounts. Despite the
The financial technology industry has seen a recent innovation with the emergence of CleverCards, a Dublin-based startup that aims to revolutionize the way companies manage corporate expenses. With the rise of improper expense report requests, CleverCards offers a unique digital platform linked to configurable expense cards to give businesses control over how their employees utilize
Tesla CEO Elon Musk never shies away from making bold claims. During the 2024 annual shareholder meeting in Austin, Texas, Musk expressed his unwavering optimism about Tesla’s future. He introduced Optimus, Tesla’s humanoid robot, as a key player in the company’s quest to revolutionize the market. Musk’s vision extends beyond just a “new chapter” for
The announcement of higher tariffs on Chinese electric vehicle (EV) makers by the European Union led to a surge in the stock prices of these companies. Hong Kong’s Hang Seng index rose by 1.23% at the opening, largely driven by the gains in EV stocks. For instance, EV company BYD, which was the top gainer
Apple’s latest announcement regarding the launch of its flagship virtual reality headset, the Apple Vision Pro, in Asian markets marks a significant step for the tech giant. This move expands the availability of the VR headset beyond the United States, with China, Hong Kong, Japan, and Singapore being the first to offer pre-orders starting on
The European Union is set to unveil its tariff rate plan for Chinese electric vehicles this week, in an effort to curb low-priced, subsidized imports. The EU currently imposes a 10% duty on imported EVs, but is expected to increase those fees for Chinese EVs starting July 4. Analysts predict a potential tariff rate hike
Raspberry Pi, a British computing startup, has recently made headlines with its successful initial public offering (IPO). The company is set to raise a whopping £166 million ($211.2 million) from the IPO, marking a rare win for London’s main stock exchange, which has struggled to attract technology listings. The IPO by Raspberry Pi could breathe