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In China, Apple's Vision Pro Is Being Delivered At A Greater Cost Than In The United States

This week, Apple's mixed-reality headset—which retails for around 18% more than it does in the United States—started shipping to China.  In China, the device's starting price is 29,999 yuan, or $4,128; in the United States, its retail price is $3,500.   When questioned by the media, a...

Citigroup Requests That The Former Managing Director's Whistleblower Case Be Dismissed

A former managing director claimed the bank fired her in punishment for not lying to regulators about the firm's risk management procedures, and Citigroup requested a judge to reject the action.   As per a complaint made on Thursday night in Manhattan federal court, the third-largest U.S....

US Prosecutors Meet With Victims Of The Boeing Disaster As A Decision About Criminal Charges Approaches

A deadline of July 7th for the Justice Department to choose whether to charge the planemaker criminally is approaching, and U.S. prosecutors are meeting with Boeing and the family of those killed in crashes, according to two individuals with knowledge of the situation and emails seen by Reuters....

Uber Compensates US Drivers To Use Alternate Forms Of Transportation For A Period Of Five Weeks

In an attempt to increase business and contribute to emissions reduction, Uber said on Thursday that it will provide $1,000 in credits to certain commuters in the United States and Canada who give up driving for five weeks in favour of public transportation and other options.   For a number...

June Sales Decline And Uncertainty Over The Margin Target Cause H&M Shares To Fall

After missing quarterly profits estimates and projecting a decline in June sales, H&M raised doubts about its full-year profit margin objective on Thursday. This caused shares of the second-largest apparel retailer in the world to drop by over 14%.   According to the Swedish corporation,...

BP Stops Recruiting And Slows The Roll-Out Of Renewable Energy To Woo Investors

Amidst investor dissatisfaction with BP's energy transition plan, Murray Auchincloss, the firm's new CEO, has put a stop to recruiting and stopped new offshore wind projects. According to sources within the business, Auchincloss is placing a fresh emphasis on oil and gas.   The actions,...

Volkswagen Drops Concerns Over The Expenses And Ramifications Of The Rivian Deal

Volkswagen's stock dropped on Wednesday as investors expressed concern about the costs and unknowns associated with a joint venture with American EV manufacturer Rivian, which was intended to strengthen the European automaker's lead in EV sales.   In an effort to share EV systems and...

With The Teams App, Microsoft Faces An EU Antitrust Lawsuit And A Large Punishment

The European Commission accused Microsoft of illegally connecting its chat and video programme Teams with its Office product, giving it an unfair edge over competitors like Slack. As a result, Microsoft risks a hefty antitrust penalties.   The EU competition watchdog's most recent move,...

Chinese Fast Fashion Retailer Shein Submit An Application To List In London Early June

As the online fast-fashion retailer goes on with what might be one of the largest initial public offerings (IPOs) globally this year, Shein reportedly secretly submitted documents with Britain's markets regulator in early June for a possible London listing, according to two sources.  ...

EU Charges Apple Of Violating Technology Regulations, Another Investigation Against It Likely

Apple might be hit with a sizable punishment if European Union antitrust investigators are found to have violated the bloc's digital regulations. The iPhone manufacturer is also subject to an additional inquiry on new levies that are imposed on app developers.   After an inquiry that began...

Goals For Artificial Superintelligence Are Discussed By The CEO Of SoftBank.

Masayoshi Son, the CEO of SoftBank Group, stated on Friday that the company's goal is to advance humankind by creating artificial superintelligence, which he predicted will be ten times more advanced than human intelligence.   During the group's annual general meeting, Son addressed the...

Investors Unsure About Whether To Purchase More Nvidia Or Cash In On The Company's Incredible Profits

Investors are debating whether to chase a company that has quadrupled in value over the past year or cash in on the massive advance in Nvidia Corp.'s shares.   This week, Nvidia momentarily surpassed all other American companies in terms of market value thanks to a more than 1,000% increase...
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