Apple stock gets second vote of confidence from analysts this week
Synopsis by Yahoo Finance Mar 13 23
Apple's stock has gotten a second vote of confidence from a Wall Street analyst in the last ...Read full article 
Yahoo Finance: Apple stock gets second vote of confidence from analysts this week
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| Last Updated | Mar 13 23 |
| Total Articles | 2 |
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Quick Glance: Apple Removes iGBA Emulator from App Store for Policy Violations
- Apple has officially announced the removal of the iGBA Game Boy emulator from the App Store due to violations of the store's policies related to spam and copyright issues, with no specific details provided.
- The developers of iGBA created a similar version of the popular open-source GBA4iOS emulator by Riley Testut. Despite iGBA reaching the top of the App Store charts after its release this weekend, complaints arose regarding the app being a clear imitation overloaded with advertisements.
- The reasons behind Apple's decision to remove iGBA are still unclear. Clarification on the app removal process has been requested from Apple, and this article will be updated once additional information is received.
- An intriguing feature of iGBA was the capability for iPhone users to download any Game Boy game ROMs from the internet. However, the app's removal raises uncertainty about Apple's stance on allowing ROM-loading apps in the App Store. Nintendo has explicitly stated on its US customer support website that downloading pirated copies of its games is illegal, but whether Nintendo has reached out to Apple on this matter remains ambiguous.
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Quick Glance: Over 250 Websites Shut Down for Selling Fake Weight-Loss Drugs - Report
- Cybersecurity firm BrandShield reported shutting down over 250 websites selling fake versions of popular weight-loss and diabetes drugs.
- More than 90% of pharmacy websites closed last year for selling drugs to treat metabolic conditions were related to GLP-1 medicines.
- Cases of harm linked to fake GLP-1 versions have been reported in at least nine countries, including Belgium, Britain, Switzerland, and the United States.
- BrandShield removed over 6,900 illegal drug listings on social media platforms and marketplaces last year, with nearly 60% found on Facebook.
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Quick Glance: Why Tesla Wants Approval for Elon Musk's $55 Billion Compensation Package
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- Elon Musk announced the 'difficult decision' in a memo, mentioning that Tesla had experienced role and function duplications in certain areas due to rapid growth in recent years.
- The job cuts follow a difficult start to the year for the electric carmaker, citing production problems caused by unforeseen factors and a decline in global demand.
- Tesla recorded a gross profit margin of 17.6% in the fourth quarter, the lowest in over four years, attributed to repeated price cuts and increased competition in China.
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Days After Layoffs, Tesla Pushes Stockholders to Approve Elon Musk's $56 Billion Pay Package
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Quick Glance: Tesla: Layoffs and Elon Musk's Reality Check
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- Elon Musk's grasp on reality is questioned as Tesla performs mediocre in the automotive industry.
- Tesla experiences a decline in revenue margin compared to other automakers.
- The success of Tesla's future depends on the implementation of autonomous driving technology.
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Tesla to lay off more than 10 percent of its workers as sales slow: "Cost reductions and increased productivity" needed, says Musk.
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Quick Glance: iPhone sales plummet. Here's why
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- Samsung had been the top smartphone manufacturer for 12 years, but Apple briefly took the top spot last year.
- The global smartphone market is showing signs of recovery with a 7.8% increase in smartphone shipments in the first quarter of 2024.
- Despite expectations for Apple and Samsung to maintain their market dominance, the rise of Huawei and other Chinese manufacturers like Xiaomi and OPPO/OnePlus may continue.
Tesla asks shareholders to reapprove huge Musk compensation package: The proposals come amid a difficult stretch for Tesla, whose shares have fallen 37 percent ...
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Danone beats first-quarter sales forecasts, keeps 2024 goals: France's Danone reported stronger-than-expected first quarter sales on Thursday and said consumers ...
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Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
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- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
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Starlink Rival Astranis Debuts Next-Gen Satellite With 5x More Capacity: The new Omega satellite promises to offer more internet capacity while keeping the costs ...
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How PayJoy built a $300M business by letting the underserved use their smartphones as collateral for loans
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Trump Media stock plunged after the company revealed a $58 million loss: The stock drop wiped away almost $2 billion of Trump Media’s market value
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- Revenue for Trump Media in 2023 totaled $4.1 million, showing an increase from $1.5 million in 2022.
- Trump Media began trading on the Nasdaq under the symbol DJT on March 26, experiencing volatility as the stock closed at $48.66 after Monday's sell-off.
- Analysts have drawn comparisons between the excitement surrounding Trump Media and the meme stock frenzy that boosted shares of companies like GameStop and AMC Entertainment in 2021.
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Armani Group company put in receivership amid labour exploitation probe: An Italian court on Friday placed under judicial administration a company owned by ...
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Quick Glance: Italian Police Uncover Exploitation in Giorgio Armani Supply Chain
- Exploited Chinese workers in Italy by an unauthorized subcontractor made handbags and accessories for the Giorgio Armani fashion house, according to Italian police.
- The company denied wrongdoing, stating that control and prevention measures to minimize abuses in the supply chain were in place.
- Police revealed a system of illegal intermediation and exploitation of workers, primarily associated with the agricultural sector.
- Investigation into the fashion supply chain in Milan and Bergamo led to the closure of factories with unhealthy working conditions and safety violations, along with fines for the Chinese owners.
Canadian Natural Resources: Expect Huge Shareholder Returns: Canadian Natural Resources is set to benefit from rising oil prices and the start-up of the Trans ...
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Chinese cement company’s shares mysteriously lose 99% of their value in just 15 minutes
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Six Rumored iPhone 16 Camera Upgrades Coming This Year: As anticipation builds for Apple's upcoming iPhone 16 series, the rumor mill has highlighted some ...
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Canadian National Railway offers higher hourly pay, improved schedule in new offer to union
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Airtree Ventures already returned its first fund thanks to Canva while maintaining the majority of its stake
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Abbott's device sales drive profit beat, but shares fall as forecast disappoints: Abbott Laboratories beat Wall Street estimates for quarterly profit on ...
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TSMC sees semiconductor bounce as Q1 revenues rise 16.5%: Early figures post a $18.44B haul for industry bellwether
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Comment: The SEC has failed to protect investors from climate risk. Now it’s up to Congress
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Intel's 18A-based CPUs won't ramp to high volume production until 2026: Intel's Panther Lake and Clearwater Forest will start production in 2025 ...
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Ember’s journey from hot coffee to medication transport: Ember’s first Indiegogo campaign drew sideways glances when it launched in 2015 ...
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Australian lab-grown meat cultured from quail cells hits the market in Singapore
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Levi's shares are up because people can't stop buying baggy jeans: The jean company is making almost half of its direct-to-consumer sales through its online ...
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TikTok’s Instagram competitor likely to be named TikTok Notes: TikTok’s upcoming Instagram competitor app for sharing photos could be named TikTok Notes ...
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OpenAI drops login requirements for ChatGPT’s free version: As competition heats up, free version of ChatGPT still falls far short of paid version in capability.
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BlackBerry reports surprise profit on demand for cybersecurity services: Canada's BlackBerry reported a surprise profit for the fourth quarter on Wednesday ...
reuters.com/technology/cybersecurity/blackberry-reports-surprise-profit-demand-cybersecurity-services-2024-04-03/
Tesla deliveries drop 8.5 percent year over year in first decline since 2020: Tesla stock price continued its fall today and is down 33 percent in 2024.
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Quick Glance: Potential Risk: Tesla Stock Price Faces Dramatic Decline
- Per Lekander labels Tesla as the largest stock market bubble in modern history.
- He warns that the absence of growth endangers Tesla's stock price and poses a risk of collapse.
- Lekander forecasts a potential drop in the stock price to just $14 per share, reflecting a 91% decrease. He critiques Tesla's business model and highlights current demand challenges.
Nvidia’s next-gen Blackwell platform will come to Google Cloud in early 2025: In addition to the new custom Arm-based Axion chips, most of this year's ...
techcrunch.com/2024/04/09/nvidias-next-gen-blackwell-platform-will-come-to-google-cloud-in-early-2025/
Quick Glance: Google Introduces New Data Center and AI Chips
- Google recently unveiled details of an update to its data center AI chips and announced an Arm-based processor.
- Google's Tensor Processing Units (TPUs) are a significant alternative to Nvidia's advanced AI chips, accessible through Google Cloud Platform.
- The newly introduced Arm-based processor named Axion offers higher performance compared to x86 chips and general Arm chips in the cloud.
- Google plans to utilize Axion for services like YouTube Ads in Google Cloud in the future, while the TPU v5p chips are now available through Google Cloud.
AT&T: Uptrending With A 6.4% Yield, This Is A Buy-Every-Dip Stock: AT&T has transformed itself by shedding non-core assets and cutting costs ...
seekingalpha.com/article/4682627-att-stock-6-4-percent-yield-buy-every-dip-stock
Paid articlePaid US quarterly earnings to feature big growth in tech-related companies: Big technology-related company earnings are expected to again lead S&P 500 profit growth ...
reuters.com/markets/us/us-quarterly-earnings-feature-big-growth-tech-related-companies-2024-04-11/
Applied Digital quarterly loss balloons as power disruptions hit data center operations
reuters.com/technology/applied-digital-misses-quarterly-revenue-estimate-amid-power-disruption-data-2024-04-11/
Fintech Revolut receives Mexican banking authorization, eyes expansion: Fintech company Revolut received a banking license in Mexico and is preparing to expand ...
reuters.com/technology/fintech-revolut-receives-mexican-banking-authorization-eyes-expansion-2024-04-09/
The Musk factor: Tesla loses reputation, X's company value plummets: The negative headlines surrounding the US entrepreneur have recently increased again ...
derstandard.at/story/3000000214054/der-musk-faktor-tesla-verliert-an-ansehen-firmenwert-von-x-sackt-ab
Exclusive: Google parent Alphabet weighs offer for HubSpot, sources say: Google parent Alphabet has been talking to its advisers about the possibility of making ...
reuters.com/markets/deals/google-parent-alphabet-weighs-offer-hubspot-sources-say-2024-04-04/
Roblox taps ad-tech firm PubMatic to boost sales of video ads: Roblox has hired PubMatic to help ramp up sales of new video advertisements the gaming platform ...
reuters.com/technology/roblox-taps-ad-tech-firm-pubmatic-boost-sales-video-ads-2024-04-10/
Roku says 576,000 accounts breached in cyberattack: About 576,000 Roku accounts were compromised in a cyberattack, the company said on Friday ...
cnn.com/2024/04/12/business/roku-security-breach-user-accounts/
Quick Glance: Roku Discovers New Hacking Incident Affecting 576,000 Users
- Roku has uncovered a wider hacking effort using logins exposed in unrelated breaches. The company has now turned on two-factor authentication for all user accounts.
- A second hacking incident ensnared 'approximately 576,000 additional accounts,' as the company wrote in a blog post on Friday.
- The hackers are using stolen email addresses and password combinations from other sites to access Roku's login page and check if users are reusing the same login credentials across multiple services.
- Roku has reset the passwords for affected users and activated two-factor authentication for all user accounts, regardless of whether they were impacted or not.
How much severance laid-off Tesla workers get: Five former workers told Business Insider that Tesla's severance offer included two months' pay.
businessinsider.com/tesla-layoffs-severance-agreement-pay-benefits-details-2024-4
Swiss Re appoints Andreas Berger as new CEO from July: Reinsurance company Swiss Re said on Wednesday Andreas Berger would become Group Chief Executive Officer ...
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Apple admits there is an emoji bug in the iPhone keyboard: Discover the latest iPhone keyboard bug that's causing controversy due to its sensitive nature ...
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Sibanye could cut 4,000 jobs as it restructures gold operations: Diversified miner Sibanye Stillwater's planned restructuring of its South African gold ...
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Startup-focused neobank Mercury launches personal banking, targeting the founder class
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Trump Media stock price down 18% on filing to unlock insider stock sales: The Truth Social parent company has filed to allow insiders, such as former president ...
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Forbes Editor Predicts Where Truth Social Stock’s Headed And It’s Not Good: The share price of Donald Trump’s beleaguered social media company plunged again this ...
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Rent the Runway shares get caught up in AI frenzy, surge over 200%: Traders piled into shares of Rent the Runway on Thursday, sending the shares up by more than ...
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