Bad Apple, the Rise of the A.I. Empire and Italian Brain Rot
“I have rarely read a judge who is so obviously angry at a tech company.” Source link
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Apple’s Quarterly Earnings Tops Wall Street Expectations With $24.78 Billion Profit
Apple built its business by innovating. But lately, it’s been leaning on diplomacy. Tim Cook, Apple’s chief executive, recently scored exemptions from tariffs on exports of Chinese-made iPhones. The maneuver freed Apple to focus on business, and lately, business has been good. A new, lower-priced iPhone, which the company introduced in February, and strong sales…
Apple Would Be Worth Half as Much If It Stopped Manufacturing in China
Several years before Donald J. Trump entered politics, Apple and its partners built massive factories across China to assemble iPhones. Mr. Trump first campaigned for president by promising his supporters that he would force Apple to make those products in America. Nearly a decade later, little has changed. Instead of bringing its manufacturing home, Apple…
Judge Rebukes Apple and Orders It to Loosen Grip on App Store
A federal judge ruled on Wednesday that Apple must loosen its grip on its App Store and stop collecting a commission on some app sales, capping a five-year antitrust case brought by Epic Games that aimed to change the power that Apple wields over a large slice of the digital economy. The judge, Yvonne Gonzalez…
Vietnam Used to Be a Safe Haven for Trade. Now It Might Not Be.
During President Trump’s first U.S.-Chinese trade war in 2018, American companies flocked to Vietnam to sidestep escalating tariffs, and the country became increasingly critical to their bottom lines. But in Mr. Trump’s escalating trade fight across the globe, Vietnam has become a new target. Tensions were so high that there were doubts about whether American…
Howard Lutnick, Trump’s ‘Buoyant’ Trade Warrior, Flexes His Power Over Global Business
Since Howard Lutnick was tapped to serve as President Trump’s commerce secretary, executives from some of the world’s largest companies have been trying to win him over. Leaders of Nvidia, Facebook, Taiwan Semiconductor Manufacturing Company and Alphabet have visited his newly purchased $25 million property in Washington — a 16,250-square-foot mansion that Mr. Lutnick, a…
Trump Tariffs Could Raise iPhone Prices, But Affordable Options Remain
On Friday, amid a tariff-induced frenzy that drove hordes of consumers to panic-buy iPhones, President Trump announced a tariff exemption on electronics like smartphones and computers. For a moment, widespread anxiety about a potential $2,000 iPhone dissipated. But two days later, the Trump administration said smartphones and computers were likely to be hit with new…
Trump Signals Semiconductor Tariffs Are Coming ‘Very Soon’
President Trump is expected to announce further tariffs this week, probably including levies on semiconductors, as he moves forward with a trade investigation related to national security. The move would raise the cost of importing chips, which are a vital component in electronics, cars, toys and other goods. The United States is heavily dependent on…
‘Bad Business’: Corporate Gloom Rises Over Trump’s Tariffs
Markets catch their breath Investors are breathing a bit easier on Monday, with markets rallying in Asia and Europe on hopes for a reprieve on tech tariffs. The optimism seems to contradict President Trump’s own words. The president has signaled that yet another round of levies are on the way, sowing more confusion among business…
What to Know About Trump’s Antitrust Efforts Against Tech Giants
The Trump administration isn’t letting up on the tech giants. On Monday, the Federal Trade Commission will face off with Meta in court over claims that the social media giant snuffed out nascent competitors when it bought Instagram and WhatsApp. And on April 21, the Justice Department will argue that a federal judge should force…