The BRICS group of emerging-market nations is poised to undergo a significant expansion, doubling its membership as Saudi Arabia, Iran, the United Arab Emirates, Ethiopia, and Egypt are set to join on January 1, according to South Africa’s envoy to the bloc. The existing members—Brazil, Russia, India, China, and...
Read moreApple shares experienced a 4% decline on Tuesday following Barclays' decision to downgrade the stock to underweight. Additionally, Barclays slightly adjusted its price target for Apple from $161 to $160. In a note to clients on Tuesday, Barclays analyst Tim Long expressed concerns about the current "lackluster" sales of...
Read moreApple, confronted with a potential import ban on its lucrative line of watches, which generates billions in annual revenue, is strategically navigating its way around a recent patent infringement setback that temporarily removed the most popular Apple Watch models from the shelves during the holiday season. Recently, the Cupertino-based...
Read moreMicroStrategy, a prominent player in the realm of business intelligence and software, remains unwavering in its dedication to Bitcoin. In an announcement today, Founder & Chairman Michael Saylor revealed the company's latest move – acquiring an additional 14,620 BTC at a total expenditure of $615.7 million. This strategic purchase...
Read moreApple Inc. has announced the imminent return of its latest smartwatch models to the shelves of its US retail stores. This decision follows a favorable court ruling in a patent dispute, offering a swift respite for the tech giant's $17 billion business. The Apple Watch Series 9 and Ultra...
Read moreFounded nearly 35 years ago, MicroStrategy spent the majority of its existence as a relatively obscure software company specializing in business intelligence. However, the narrative took a dramatic turn in 2023 as the MicroStrategy's stock witnessed an extraordinary surge of 337%, propelling it to the ranks of the most...
Read moreOn Monday, China granted approval for 105 domestic games, signaling a potential shift in its approach following recent industry restrictions that resulted in an $80 billion market decline last week. Among the approved titles are games operated by Tencent Holdings and NetEase, China's leading game publishers, which have been...
Read moreApple's attempt to delay an impending import ban on certain Apple Watch models has been unsuccessful, as confirmed by an International Trade Commission filing. Now, only a last-minute intervention from the White House could prevent a temporary halt in sales for some Apple Watch devices in the U.S. Earlier...
Read moreMeta is investing billions of dollars each quarter to fulfill CEO Mark Zuckerberg's ambitious vision of a futuristic virtual world known as the metaverse. However, despite the company's dedication to making this dream a reality, the virtual reality market is experiencing a contraction. Data from research firm Circana reveals...
Read moreAlphabet's Google has reached an agreement to pay $700 million and enhance competition within its Play app store, as part of an antitrust settlement with US states and consumers revealed on Monday in a federal court in San Francisco.As per the terms of the settlement, the company will contribute...
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