Goldman Sachs on bubble speculation: “We don’t think we are in one yet”
The great debate continues over whether we’re watching a major asset bubble inflate, with Goldman Sachs analysts weighing in with a beefy analysis focusing heavily on the valuation of giant tech stock...
Meta launches federal super PAC to fight state AI policy proposals
has launched a federal super PAC called the American Technology Excellence Project, spending “tens of millions” of dollars to fight what it considers “onerous AI and tech policy bills across the count...
Google faces its first big lawsuit for AI summaries, from one of many media companies it’s eclipsing
While Google just avoided a breakup in its federal monopoly case earlier this month, it’s not out of the woods yet. Now, the tech giant’s dominance is under scrutiny for how people are looking stuff u...
Bank of America boosts price target on Apple as court decision entrenches status quo of tens of billions of revenues from Google
Wall Street has lavished most of its attention lauding how much of an overhang has been removed from Google’s stock after the monopoly case against it ended with the search giant’s operating environme...
Morgan Stanley: The next Google is still most likely Google
Out of the ashes of mostly toothless monopoly decision rose Google . And out of the ashes of mostly toothless monopoly decision... Google will also rise. Or at least that’s what Morgan Stanley Resear...
Google’s antitrust ruling left things pretty much the same: What that brave new world looks like
For those hoping monopoly case would bring big change to Big Tech, yesterday’s ruling was a severe disappointment. As Wedbush Securities analyst Dan Ives titled his note following the decision: “Gove...
Google soars on court ruling that doesn’t force the search giant to sell Chrome
Google is soaring in postmarket trading after a court ruling avoided some of the worst-case antitrust scenarios the company faced in relation to its dominant position in search. A year ago, a federal ...
UNH dips after report that DOJ probe looking into more than just Medicare Advantage
The Department of Justice’s criminal probe against is looking into more aspects of the healthcare giant’s business than just its government-sponsored insurance plans, Bloomberg reported Tuesday . The...
Elon Musk makes good on threat to sue Apple, claiming OpenAI bias in the App Store
and xAI CEO Elon Musk is suing and OpenAI in federal court, accusing the iPhone maker of unfairly favoring the ChatGPT maker on its phones. Apple and OpenAI have a partnership that integrates ChatGPT ...
OpenAI wants to buy Google’s Chrome, too
OpenAI CEO Sam Altman told Axios’ Ina Fried that, just like Perplexity , the ChatGPT maker is also interested in buying Chrome browser, should the search giant be forced to sell in its antitrust tria...
In a gambit, Perplexity offers $34.5 billion to Google for Chrome browser
AI startup Perplexity is making an improbable offer to buy the Chrome browser from . The Wall Street Journal is reporting that Perplexity, the AI search and browser startup, is making the unsolicited ...
Without providing evidence, Tesla’s Elon Musk accuses Apple of favoring OpenAI
On Monday night, and xAI CEO Elon Musk posted on X saying that is keeping AI companies other than OpenAI from reaching the No. 1 spot in its App Store, calling it “an unequivocal antitrust violation...
Intel drops after Trump says CEO is “conflicted,” should resign
fell Thursday after President Trump posted on his social media platform, Truth Social, that CEO Lip-Bu Tan “is highly CONFLICTED and must resign, immediately.” The president’s comments come after Repu...
The US patent system could be getting a price hike — tech giants could be hit the hardest
Last week, the Trump administration teased an idea that could rewrite how America charges for patents — a move that would significantly boost federal revenue. According to The Wall Street Journal, Com...
Last-minute settlement keeps Zuckerberg, Andreessen, Thiel, Sandberg, and other Meta board members from taking the stand in $8 billion privacy suit
It would have been quite a trial. Next week was supposed to feature several titans of tech taking the stand in the Delaware Court of Chancery to defend themselves against an $8 billion privacy lawsuit...
Report: Apple’s App Store revenue rose 11.5% despite Epic Games ruling
In May, a judge ruled that couldn’t charge a 27% commission for purchases made outside of its App Store, a workaround the iPhone maker had used to continue making money even while letting app makers ...
HPE soars after DOJ clears Juniper Networks acquisition
Shares of jumped 13% Monday morning after the Department of Justice officially cleared its $14 billion acquisition of Juniper Networks. The announcement ends a contentious antitrust lawsuit that had ...
JP Morgan, Wells Fargo lead big bank rally on reports of easing regulation
Banks are on the rise after Bloomberg reported that the US is planning to reduce capital requirements for the nation’s biggest financial institutions. Banking behemoths have had to hold more so-called...
Analyst: Apple is too expensive; buy Amazon or Alphabet instead
Analysts at Needham axed their rating on Wednesday, lowering the iPhone maker to “hold” from “buy,” in light of growing competitive threats from AI and sluggish iPhone sales (which got what may have...
What country leans the most on its biggest player?
They say it isn’t smart to put all of your eggs in one basket. But for some nations, a solid chunk of the goods and services they produce comes from a single corporation. Denmark was recently reminded...