13/09/2025 |
Lawsuit says Musk's Tesla hires visa holders instead of Americans so it can pay lessTesla, the electric vehicle company led by billionaire Elon Musk, was accused in a lawsuit on Friday of favoring visa holders over Americans when making employment decisions so it can pay less.
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Apple's AI and search executive Robby Walker to leave, Bloomberg News reportsRobby Walker, one of Apple's most senior artificial intelligence executives, is leaving the company, Bloomberg News reported on Friday, citing people with knowledge of the matter.
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In surprise twist, Armani's will sets stage for sale of fashion empire Late designer Giorgio Armani instructed heirs to gradually sell the revolutionary fashion house he created 50 years ago or seek a market listing, his will said, setting off a race to control one of the world's best-known brands and a major shift for a company highly protective of its independence and Italian roots. Read More |
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09/09/2025 |
Nebius signs $17.4 billion AI infrastructure deal with Microsoft, shares jumpNebius Group said on Monday it will provide Microsoft with GPU infrastructure capacity, in a deal worth $17.4 billion, over a five-year term, sending its shares soaring over 47% after the bell. Read More |
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US clothing retailers test full-price strategy as rich shoppers keep spending A handful of apparel retailers including Levi Strauss are teasing more full-priced products, testing how much wealthier shoppers are willing to pay despite the sobering effect of tariffs.
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SpaceX buys wireless spectrum from EchoStar in $17 billion dealElon Musk's SpaceX said Monday it will buy wireless spectrum licenses from EchoStar for its Starlink satellite network for about $17 billion, a major deal crucial to expanding Starlink's nascent 5G connectivity business.
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06/09/2025 |
Google hit with $3.45 billion EU antitrust fine over adtech practicesAlphabet's (GOOGL.O) Google was hit with a 2.95-billion-euro ($3.45 billion) European Union antitrust fine on Friday for anti-competitive practices in its lucrative adtech business, a sharp sanction that riled up U.S. President Donald Trump.
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Nvidia says GAIN AI Act would restrict competition, likens it to AI Diffusion RuleNvidia (NVDA.O) said on Friday the AI GAIN Act would restrict global competition for advanced chips, with similar effects on the U.S. leadership and economy as the AI Diffusion Rule, which put limits on the computing power countries could have.
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US clothing retailers test full-price strategy as rich shoppers keep spendingA handful of apparel retailers including Levi's and Aritzia are teasing more full-priced products, testing how much wealthier shoppers are willing to pay despite the sobering effect of tariffs.
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04/09/2025 |
Google must pay $425 million in class action over privacy, jury rules A federal jury determined on Wednesday that Alphabet's Google must pay $425 million for invading users' privacy by continuing to collect data for millions of users who had switched off a tracking feature in their Google account.
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