Decline in wealth due to commission ban in Europe estimated at 375 billion euros annually
As part of the study titled "The impact of commission bans on household wealth: Findings from OECD countries," a team led by Professor Steffen Sebastian, Director at the Center for Finance at the University of Regensburg, investigated the impact of c.....»»
Rivian"s Q1 net loss widens to $1.45 billion as revenue nearly doubles to $1.2 billion
Rivian's first-quarter deliveries surged 71 percent to 13,588 while production rose 48 percent to 13,980. Rivian expects to build 57,000 vehicles this year, about the same as last year......»»
Study underscores new strategies to fight drug-resistant bacteria
Several billion years ago, a genetic arms race began between bacteria and their viral killers. This seemingly eternal struggle continues today, with implications for diseases killing tens of thousands of people around the world each year......»»
North America, Europe must close EV battery supply chain gaps to compete with China, McKinsey says
Developing regional supply chains is critical to lowering the cost of electric vehicles......»»
Little-known self-driving startup raises $1 billion from Nvidia, Microsoft, SoftBank
Wayve is a UK startup with an AI-focused approach to solving autonomy for cars. It's akin to a vehicular version of ChatGPT......»»
SEC crypto crackdown continues with Robinhood as lawsuit looms
Robinhood accused SEC of creating a "world of confusion around crypto." Enlarge (credit: NurPhoto / Contributor | NurPhoto) Continuing its crackdown on cryptocurrency exchanges, the Securities and Exchange Commission (SE.....»»
Astronomers observe elusive stellar light surrounding ancient quasars
MIT astronomers have observed the elusive starlight surrounding some of the earliest quasars in the universe. The distant signals, which trace back more than 13 billion years to the universe's infancy, are revealing clues to how the very first black.....»»
Annual Pride Edition Braided Solo Loop for Apple Watch arrives
In what has become an annual tradition for Apple, a new Pride Edition Braided Solo Loop for the Apple Watch has been introduced.Apple's Pride Collection for 2024Apple annually releases Pride Edition Apple Watch bands and wallpapers, as part of its ef.....»»
American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
Ariane 6 launches: Exolaunch"s EXOpod Nova
Europe's newest rocket soon launches, taking with it many space missions each with a unique objective, destination and team at home, cheering them on. Whether launching new satellites to look back and study Earth, peer out to deep space or test impor.....»»
Carvana CEO Ernie Garcia and his father make $11 billion in 3,000% stock rebound
The one-day surge in Carvana shares pushed the older Garcia’s fortune to $10.9 billion from a 2022 low of $3.1 billion, while his son’s net worth climbed to $3.8 billion, according to the Bloomberg Billionaires Index......»»
Research explores energy and land-use practices on US golf courses
In 2018, golf was estimated to contribute significantly to the US economy, generating $84 billion, supporting 2 million jobs, and providing $59 billion in compensation. Given its prominence, golf holds a valuable position within US culture. However,.....»»
Tim Cook says DOJ antitrust lawsuit against Apple is ‘misguided’
Apple on Thursday announced its earnings for the second fiscal quarter of 2024, slightly beating expectations with $90.75 billion in revenue. During an interview, Cook also took a moment to talk about the US Department of Justice’s (DOJ) antitrust.....»»
Apple announces Q2 2024 earnings, slightly beating expectations with $90.75 billion revenue
Apple has disclosed its fiscal year 2024 Q2 earnings results. The company reports $90.75 billion in revenue during the three-month period, dropping 4.31% year over year. Analysts expected revenue around $90.33 billion. Apple netted $23.64 billion i.....»»
Huawei’s Pura 70 Phones Arrive in Europe
Huawei's snazzy-looking flagships arrive in Europe. The post Huawei’s Pura 70 Phones Arrive in Europe appeared first on Phandroid. A while back, Huawei unveiled its new Pura 70 series smartphones, consisting of four different devices.....»»
Apple CEO Tim Cook bullish on China, thinking long-term
After revealing Apple's Q2 earnings, CEO Tim Cook shared he "feels great" about China due to beating expectations in a competitive environment.iPhone doing well in China despite shrinking marketApple earned $90.8 billion in the March quarter, beating.....»»
The COVID-19 pandemic changed our patterns and behaviors, which in turn affected wildlife
The Earth now supports over eight billion people who collectively have transformed three-quarters of the planet's land surface for food, energy, shelter and other aspects of the human enterprise......»»
Sideloading, third-party browser engines, and more are coming to the iPad in the EU this year
Earlier this week, the European Commission announced that iPadOS is now designated as a gatekeeper platform in the European Union, just like the iPhone and the App Store. In a new developer announcement today, Apple acknowledged this change and co.....»»
Apple will protect indie developers in Europe from the bankruptcy risk of DMA changes
While Europe’s Digital Markets Act (DMA) antitrust law forced Apple to allow developers to sell apps outside the company’s own App Store, there were a number of potential problems with the company’s terms and conditions – not least of which i.....»»
Google paid Apple $20 Billion to be default search engine in 2022
The ongoing antitrust lawsuit against Alphabet by the Justice Department has revealed that Google paid Apple a staggering $20 billion in 2022 for default search engine status.In 2022, Alphabet paid Apple $20 billionGoogle's relationship has been unde.....»»
Here’s how much Google paid Apple to be Safari’s default search engine in 2022
It’s no secret that Google pays Apple a lot of money to be the default search engine for the Safari web browser on iOS and macOS. In 2021, the company paid $15 billion to keep Google as the default search engine on Apple platforms. Now a report has.....»»