A U.S. appeals court said it will hold oral arguments on legal challenges to a new law requiring ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban.
Read More Appeals court to hear challenges to potential US TikTok ban on Sept. 16
Category: Tech
Adobe surges as AI optimism fuels annual revenue forecast
Adobe shares soared 16% on Friday, putting the Photoshop-maker on track for its best day in more than four years.
Read More Adobe surges as AI optimism fuels annual revenue forecast
Broadcom soars as demand for AI chips powers forecast raise
Broadcom surged about 15% as its upbeat annual forecast highlighted insatiable demand for chips used in powering AI-focused technology.
Read More Broadcom soars as demand for AI chips powers forecast raise
AI-powered Apple overtakes Microsoft as world’s most valuable company
Apple shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion.
Read More AI-powered Apple overtakes Microsoft as world’s most valuable company
US Supreme Court to hear Facebook bid to scuttle shareholder lawsuit
The Supreme Court agreed to hear a bid by Facebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading investors about the misuse of its user data.
Read More US Supreme Court to hear Facebook bid to scuttle shareholder lawsuit
GameStop spooks investors with share sale, results ahead of “Roaring Kitty” livestream
GameStop shares slumped 20% on Friday after the video game retailer announced a share sale to raise up to $3 billion even as its quarterly sales declined.
Read More GameStop spooks investors with share sale, results ahead of “Roaring Kitty” livestream