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The judgment concludes a legal dispute that began after the European Commission fined Google in 2018 for abusing market dominance.

Chinese tech giant Alibaba has banned employees from using Anthropic's Claude Code at work after the tool drew scrutiny for features that can ‌help identify China-linked users, according to a person familiar with the order. The ban is part ‌of a deepening spat between the two companies after Anthropic accused Alibaba of illicitly extracting its Claude AI model capabilities — a dispute ​that highlights the frantic race between the U.S. and China to take the lead in artificial intelligence. Claude Code is Anthropic's AI coding assistant for software developers.

Australian Prime Minister Anthony Albanese on Friday condemned senators who blocked changes to a world-first social media ban for children, saying tech giants would use the delay to destroy incriminating documents that could be used as evidence against them. The government this week introduced to Parliament amendments aimed at increasing powers of the eSafety Commissioner Julie Inman Grant, Australia’s online safety watchdog, to enforce the ban on Australian children younger than 16 from holding accounts on platforms including Facebook, Instagram, and YouTube that has been in place since December. The amendments would have given Inman Grant power to demand documents as well as information from platforms about their efforts to exclude young children.

(Bloomberg) -- At a time when markets are growing uneasy over whether the enormous sums being poured into artificial intelligence will ever pay off, the prices the sector commands for each unit of usage are drifting lower.Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileWhy the Great American State Fair Looks So EmptyGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonMeta Is Planning a Cloud Business to Sell AI Computing PowerRussia Indicates Ukra

Shares rallied in Asia on Friday after the Dow Jones Industrial Average set another record, as some key AI related stocks rose while others extended losses. U.S. futures were moderately higher and oil prices also rose. Samsung Electronics, the country's biggest company and a major maker of computer chips, gained 7%.

Cincinnati Financial will release its second-quarter earnings later this month, and analysts anticipate its EPS to dip by a low double-digit percentage from a year ago.

Cryptocurrencies gained ground on Thursday while major stock indexes closed at all-time highs, as softer-than-expected jobs data lowered expectations for a Federal Reserve rate hike. Cryptocurrency24-Hour Gains +/-Price (Recorded at 10:20 p.m. EDT)Bitcoin (CRYPTO: BTC)+2.19%$61,460.31Ethereum (CRYPTO: ETH) +5.67%$1,708.41XRP (CRYPTO: XRP) +3.23%$1.09Solana (CRYPTO: SOL) +4.20%$81.33Dogecoin (CRYPTO: DOGE) +3.17%$0.07466 Crypto Market Rallies Bitcoin briefly broke $62,000 but failed to sustain th

OpenAI is trying to avoid a volatile IPO. It probably won't succeed.

The space company has booked rapid growth under this administration, after the founder spent president’s first term being ‘hated.’

As Alphabet is gearing up to report its fiscal Q2 earnings report soon, analysts predict its EPS to rise by double digits.

An analyst at Mizuho believes Robinhood Markets (NASDAQ: HOOD) has big upside coming. On July 2, senior analyst Dan Dolev raised the stock's price target to $130 from $115 on Thursday while keeping an Outperform rating. The new ratings appear just a day after their live event "Robinhood ...

Chipotle Mexican Grill has seen its share price fall 38.0% over the past year, yet on current checks the stock still does not screen as a clear bargain. The Discounted Cash Flow (DCF) intrinsic value estimate points to a premium price tag, while market based multiples look closer to fair. A 38.0% share price decline over the last 12 months puts Chipotle Mexican Grill firmly in the “out of favor” camp. This often prompts investors to reassess whether sentiment has moved further than...

The next major space company might not be building rockets It may not be launching satellites into space, flying tourists to the edge of the atmosphere, or competing with Elon Musk’s SpaceX for the next big thing in orbit. Instead, it might accomplish something a little less glamorous: helping ...

Despite the rising requests, fund managers returned $5.9 billion in the second quarter, down from the $7.4 billion they agreed to pay out in the prior period, according to data from investment bank Robert A. Stanger. Individual investors have awakened to the fact that they can’t exit from the funds—called business-development companies—as quickly as they entered, prompting more of them to start withdrawing. Fund managers are battening down the hatches for a prolonged period of elevated withdrawals.

(Bloomberg) -- Government attempts to address the global memory chip shortage by influencing prices or production capacity would worsen a historic squeeze on supply driven by the artificial intelligence boom, a semiconductor industry group warned the Trump administration. Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonMeta Is Planning a Cloud Business to Sell AI Computing PowerRussia Indicates U

Kroger Co (KR) agreed on Wednesday, July 1, to acquire Giant Eagle, the family-owned grocery and pharmacy chain based in Pittsburgh, according to Kroger investor relations. The price tag is $1.65 billion, a fraction of the $24.6 billion merger Kroger tried to complete with Albertsons before courts ...

U.S. President Donald Trump directly addressed internal friction at the central bank and laid out his administration's latest stances on technology and corporate policy in an exclusive interview with CNBC.

The overall revisions trend heading into the start of the Q2 cycle remains positive, with expectations steadily increasing over recent months. JPMorgan, Bank of America, Citigroup, and Wells Fargo will help start the June-quarter reporting cycle for the Finance sector on July 14th.

The overall revisions trend heading into the start of the Q2 cycle remains positive, with expectations steadily increasing over recent months. JPMorgan, Bank of America, Citigroup, and Wells Fargo will help start the June-quarter reporting cycle for the Finance sector on July 14th.

By Karen Roman CareDx, Inc. (Nasdaq: CDNA) said it completed the acquisition of Naveris, which includes its leading product, NavDx, a blood-based test for viral-mediated cancer detection including human papillomavirus, and associated head and neck and anal cancers. NavDx is the first and only Medicare-covered test for HPV-driven head and neck and anal cancer molecular […] The post CareDx Acquires Naveris, Extends Leadership into High-Growth Specialty Oncology appeared first on ExecEdge.

“American workers are not getting a raise,” says J.P. Morgan Asset Management strategist.

<body><p>STORY: U.S. stocks closed mixed on Thursday, with the Dow adding more than 1.1% and posting a record closing high, the S&P 500 ending flat and the tech-heavy Nasdaq tumbling eight-tenths of a percent.</p><p>The Labor Department's nonfarm payrolls report showed the economy added 57,000 jobs in June, far below economists' estimates.</p><p>That lowered investors' expectations for a rate hike from the Federal Reserve in September to just over 50%, according to CME FedWatch.&nbsp;</p><p>But Anna Rathbun, founder and CEO of Grenadilla Advisory, said she believes a rate increase may still be on the way due to persistent inflation.</p><p>"I think the Fed interest rate expectations, to expect a hike sometime down the line, I think is a safer bet than expecting a cut." // "I mean, if the Fed is really sticking to that 2% target, we're not going to see that, in my opinion, anytime soon. And that is partly because even if oil prices go down, and it has, and that will be reflected definitely in the headline inflation number. The core inflation [number] - minus fuel, minus food - has consistently been above 2%. So that means, this is my opinion, I think that the equilibrium inflation is probably settling above the Fed's target. That means higher for longer."</p><p>Among Thursday's stock moves, technology was among the biggest sector decliners in the S&P 500.</p><p>Chip stocks were especially hard hit, with the Philadelphia semiconductor index down sharply for a second day, shedding about five and a half percent.&nbsp;</p><p>Shares of Tesla dropped seven and a half percent, even though the electric carmaker posted second-quarter deliveries above estimates. Tesla shares had risen sharply this week ahead of the report.</p><p>Among other decliners, shares of Bending Spoons tumbled more than 11% a day after the Vimeo owner gained 40% in its Nasdaq debut.</p><p>Markets will be closed Friday ahead of the Fourth of July holiday.</p></body>

AI data center startup Crusoe is in talks to raise about $3 ‌billion in a funding round that ‌may triple its valuation, Bloomberg News reported on Thursday, ​citing people familiar with the situation. The startup has contracts to supply AI computing power for the likes of Meta and Oracle, the report ‌said, as technology ⁠giants spend billions of dollars on data centers to meet the massive ⁠computing requirements for GenAI. The startup, which builds ‌and operates the type of large data centers that power AI systems, is still in active talks on the round, and a final valuation has not been set, according to ‌the Bloomberg report.

UiPath’s agentic automation push is raising the stakes for its next report, where investors will look for proof that new workflow tools are lifting ARR, retention, and margins.

Plus, an Olympian is charged with damaging the D.C. reflecting pool, and celebs use special-ops tactics to keep their weddings private.

President Trump’s “Liberation Day” tariffs in April 2025 pushed financial markets into a tailspin, sending Wall Street and everyday investors scrambling to shield themselves from the fallout. In a series of trades on April 3 and April 4—the days after Trump announced global tariffs in the Rose Garden—his investment accounts bought and sold hundreds of individual stocks, according to financial disclosures released this week. Trump posted on social media the next morning that it was “a great time to buy” and paused much of his tariff regimen that afternoon.

The entrepreneur, convicted of defrauding the bank, and her lawyers have racked up millions of dollars in bills, with receipts including gummy bears and cellulite butter.

SpaceX stock’s stratospheric potential could reach the harder limits of reality after spending significant time as a private company.

Could this be the secret to Pfizer's rebound strategy?

Nike has spent the past year and a half trying to convince Wall Street that its turnaround is real. For a while, the story was working. Then, it reported fiscal Q4 results (ended in May). Now one of the banks that has stuck with Nike (NKE) the longest is recalibrating just how much patience that ...