The U.S. government will layout its antitrust case against Google in closing arguments on Thursday.
Read More Google faces closing arguments in US market power trialTag: market share
Netflix slides as move to end sharing user count sparks growth worries
Netflix shares fell as its move to stop sharing subscriber additions and average revenue per member sowed doubts in investor minds.
Read More Netflix slides as move to end sharing user count sparks growth worriesTesla 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 regulatorsWestern banks warn of risks in EU plan to grab Russian assets, sources say
Some western banks are lobbying against EU proposals to redistribute billions of euros in interest earned on frozen Russian assets.
Read More Western banks warn of risks in EU plan to grab Russian assets, sources say