Financial News & Analysis
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Google loses fight over record $4.7 billion EU antitrust fine
Google loses EU antitrust appeal, upholding $4.7B fine over Android dominance.
Russia launches massive strike on Ukraine as Poland scrambles jets, Finland restricts airspace
Russia launches massive strike on Ukraine, escalating conflict; Poland scrambles jets, Finland restricts airspace.
Volkswagen braces for boardroom showdown over historic cost-cutting plan
Volkswagen faces boardroom showdown over plans to shut 4 factories and cut 100,000 jobs.
Europe wants to rebalance trade with Beijing, but can't quit Chinese air conditioners
Europe's heat wave boosts Chinese AC imports, complicating trade rebalancing efforts.
Automakers report mixed U.S. sales results as hybrid vehicles drive market
Q2 US auto sales show hybrid models outperforming, creating winners and losers among automakers.
Apple plans five new iPhones through 2027, eyes Chinese-made chips amid foldable push, reports say
Apple plans five new iPhones by 2027, considering Chinese memory suppliers for foldable production.
U.S. won’t renew USMCA, opening door for negotiations with Canada and Mexico
U.S. won't renew USMCA, opening door for renegotiations with Canada and Mexico, raising trade uncertainty.
AI agents will soon be able to match human traders, Robinhood CEO tells CNBC
Robinhood CEO suggests AI agents could match human traders, highlighting potential disruption in finance.
Nvidia offers start-up customers chance to swap compute power for revenue share
Nvidia offers startups compute power for equity stake, boosting AI ecosystem and Nvidia's long-term revenue.
OpenAI proposes 5% stake to Trump administration to ease Washington pressure: report
OpenAI proposes 5% stake to Trump administration to ease regulatory pressure, aligning with Trump's earlier support for U.S. ownership in AI.
World Cup could boost the June jobs report by 40,000, Goldman estimates
Goldman estimates World Cup could boost June payrolls by 40,000, slightly above consensus.
Chip Stocks Slump Across Asia as Global Tech Selloff Intensifies
Asian chip stocks slump on global tech selloff amid Meta's AI overcapacity concerns.