Elon Musk recently attended the Cannes Lions advertising festival where he attempted to clarify his previous comments aimed at advertisers pulling out from his X social media platform. During the event, he explained to WPP CEO Mark Read that his infamous “go f— yourself” remark was not meant for the advertising industry as a whole
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Apple is currently under scrutiny by the European Union’s competition chief Margrethe Vestager due to a number of “very serious” issues. The investigation is being conducted under the sweeping Digital Markets Act (DMA) tech legislation which recently came into effect. One of the main concerns highlighted in the probe is whether Apple is impeding businesses
Starboard Value, the activist fund managed by Jeff Smith, has recently acquired a significant stake in graphics-design company Autodesk and has engaged in discussions with the company’s board regarding various concerns. One of the primary issues revolves around an internal investigation conducted by Autodesk, which resulted in the removal of its chief financial officer. Starboard’s
The introduction of long-awaited bitcoin exchange traded funds in January has piqued the interest of financial advisors, albeit slowly. According to BlackRock’s Samara Cohen, about 80% of bitcoin ETF purchases seem to be coming from self-directed investors rather than financial advisors. Speaking at the Coinbase State of Crypto Summit in New York City, Cohen mentioned
Corporate expenses are a critical aspect of every business, and the misuse or abuse of these expenses can have serious financial implications. In a recent development, CleverCards, a startup based in Dublin, has successfully raised 8 million euros in funding to address this issue using technology. This innovative approach has caught the attention of investors,
Elon Musk, the CEO of Tesla, is known for his bold and ambitious vision for the future. At the 2024 annual shareholder meeting in Austin, Texas, Musk introduced the concept of Optimus humanoid robots as a key player in Tesla’s journey towards greatness. These robots are envisioned to be capable of performing a wide range
In response to the European Union’s announcement of higher tariffs on Chinese electric vehicles (EVs), shares of Chinese EV makers saw a surge in the market. Hong Kong’s Hang Seng index experienced a 1.23% increase, largely driven by gains in EV stocks. Among the top gainers were companies like BYD, Geely, Nio, and Li Auto,
Apple made headlines with the announcement of the international launch of its flagship virtual reality headset, the Apple Vision Pro. This expansion will see the gadget becoming available in Asian markets such as China, Hong Kong, Japan, and Singapore. The move marks a significant step for Apple as it enters new territories outside of the
The European Union is preparing to unveil its new tariff rate plan for Chinese electric vehicles in an effort to address the issue of low-priced, subsidized imports. This move comes as the EU aims to level the playing field for domestic electric vehicle manufacturers and reduce the economic threat posed by subsidized imports from China.
British computing startup Raspberry Pi is preparing to raise a substantial amount of money through its initial public offering. The company is expected to garner £166 million ($211.2 million) from this IPO, a move that could potentially inject fresh life into London’s main stock exchange. In an industry where technology listings have been scarce, Raspberry