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Tag Archives: CNBC
Earnings show one tech segment starting to feel the tariff pinch fastest
Advertising-heavy businesses seem to be holding on in the near-term as consumer-focused models start to feel the pinch from slowing spending.
Uber inks robotaxi deal with Momenta to launch service in Europe next year
Uber said it’s signed a agreement with Chinese autonomous driving comppany Momenta to deploy robotaxis in international markets starting, with Europe in 2026.
Google advertising antitrust remedies trial set for Sept. 22, judge says
The U.S. government’s remedies trial in the Google antitrust case regarding its ad- tech is scheduled to begin on Sept. 22.
Block plunges 20% as Cash App miss triggers downgrades
Analysts flagged fresh concerns around stagnant Cash App user growth, muted consumer demand and a soft macro environment that may weigh on monetization.
Apple clears Spotify update under new rules allowing purchases within apps
The approval comes after a U.S. federal judge on Wednesday ordered Apple to stop imposing the commissions it makes on purchases through iPhone apps.
Tether eyes U.S. expansion with new stablecoin as CEO courts Washington crypto players
CEO Paolo Ardoino’s recent charm offensive in Washington has put a spotlight on Tether amid the pro-crypto shift under President Trump.
China’s Xpeng delivers over 30,000 vehicles for the sixth consecutive month
Chinese electric vehicle startup Xpeng in April sustained its record of delivering over 30,000 vehicles for the sixth consecutive month.
Ireland fines TikTok 530 million euros for sending EU user data to China
Ireland’s privacy regulator said Friday that TikTok infringed the bloc’s GDPR data protection law over transfers of European user data to China.
Venmo gaining ground in payments as Cash App struggles
Earnings from PayPal and Block revealed diverging paths in peer-to-peer payments, with Venmo accelerating and Cash App losing steam.
Apple has managed tariffs so far, but Cook says it’s tough to predict beyond June
The vast majority of Apple’s products are “currently not subject” to Trump’s tariffs, CEO Tim Cook said. But beyond June, he didn’t say much.