Apple shares jumped nearly 7% on Friday as the iPhone maker’s record stock buyback plan.
Read More Apple shares jump as record buyback, sales growth forecast lure investorsTag: competition
Tesla to lay off more than 10% of staff globally as sales fall
Tesla will lay off more than 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs.
Read More Tesla to lay off more than 10% of staff globally as sales fallApple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says
Apple’s smartphone shipments dropped about 10% in the first quarter of 2024.
Read More Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC saysGoogle’s contemplated mega deal would prompt new fight with regulators
Nearly a dozen antitrust experts and industry analysts say it is unlikely that an acquisition by Google would hamper competition.
Read More Google’s contemplated mega deal would prompt new fight with regulatorsExclusive: Tesla scraps low-cost car plans amid fierce Chinese EV competition
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker.
Read More Exclusive: Tesla scraps low-cost car plans amid fierce Chinese EV competitionExclusive: Google parent Alphabet weighs offer for HubSpot, sources say
The potential acquisition would be Alphabet’s largest ever and allow it to put some of its cash pile, which reached $110.9 billion as of the end of December, to work.
Read More Exclusive: Google parent Alphabet weighs offer for HubSpot, sources say