In this photo illustration, the DeepSeek logo is seen displayed on a smartphone screen and in the background, the flag of the European Union.One of Germany's data protection watchdogs on Friday said DeepSeek's app illegally sends user data to China and asked Google and Apple to consider blocking the artificial intelligence service.Berlin's data protection commissioner Meike Kamp said in a statement that DeepSeek's transfer of German user data to China is "unlawful." There is not a readily available way to g ...

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company's annual general meeting in Tokyo, Japan, on Friday, June 27, 2025.SoftBank is "all in" on OpenAI, CEO Masayoshi Son said on Friday, as the Japanese tech giant looks to realize its vision of "artificial superintelligence."This year, the Japanese multinational conglomerate has been increasing its investments in OpenAI and participating in joint ventures such as the $500 billion Stargate project. According t ...

Core Insights - McCormick is evaluating the impact of new tariffs on its product sourcing, with a focus on agricultural effects [1] - The company has successfully mitigated tariff impacts and emphasizes that 90% of products sold in the U.S. are made domestically, although most ingredients are sourced internationally [1] - McCormick reported earnings that exceeded estimates, with shares rising over 5% following the announcement [3] Group 1 - The CEO highlighted that consumer volume growth has driven the quarter's performance, and consumers are adapting to economic pressures while maintaining spending on flavor [3][4] - The percentage of meals cooked at home is above pre-pandemic levels, indicating a shift in consumer behavior towards home cooking and health consciousness [3][4] - McCormick's product portfolio is positioned well for future opportunities, particularly in a health-focused market [4] Group 2 - The company sources black pepper from various global markets, including Brazil, Indonesia, and Vietnam, showcasing its diverse supply chain [2] - McCormick differentiates itself by focusing on flavor enhancement rather than competing for calorie consumption [5]

Digital boards are seen due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, it was observed that some digital billboards in Times Square in New York City, United States, displayed a blue screen and some screens went completely black on July on 19, 2024.It's a bittersweet day for Windows users.Microsoft is scrapping its iconic "blue screen of death," known for appearing during unexpected restarts on Windows computers. The c ...

Core Viewpoint - Apple has revised its App Store policies in Europe to comply with the Digital Markets Act and avoid a potential fine of 500 million euros ($585 million) from the EU [1][3]. Policy Changes - The new policies involve a complex fee structure for app developers, with some now facing three separate fees for a single download [2]. - A new "core technology commission" fee of 5% will be applied to all digital purchases made outside the App Store [2]. Compliance and Regulatory Pressure - Apple claims that the changes were not voluntary but were necessitated by the European Commission's regulations, which could impose fines of up to 50 million euros per day [3]. - The European Commission is currently reviewing Apple's new terms to determine compliance with the Digital Markets Act [3][4]. Market Dynamics - The situation highlights Apple's strong defense of its App Store policies, which are a significant revenue source, generating fees between 15% and 30% on downloads [4]. - Despite a recent court ruling in the U.S. that prohibited certain practices, Apple continues to assert its right to a commission on iPhone apps linking to overseas digital purchases [5].

Group 1: Market Trends - Investors are actively purchasing shares of Generac, with the company experiencing nearly 12% growth this week and on track for its best week since November 2024 [1] - High temperatures and power outages across the central and eastern United States are contributing to increased demand for backup generators [2] - The Atlantic hurricane season is projected to be above normal, with the National Oceanic and Atmospheric Administration forecasting 13 to 19 named storms, including 3 to 5 major hurricanes [3] Group 2: Industry Challenges - The combination of extreme heat and storms is straining the aging U.S. power grid, with research indicating a potential 50% increase in power outage risks due to climate change [5] - Generac's CEO highlighted the critical nature of the situation, noting that the demand for electricity is expected to grow at a 2.5% compound annual growth rate from 2024 to 2035 [6] Group 3: Related Companies - Trane Technologies, which produces cooling systems, is another company to watch, currently rated as a hold by analysts [7] - Utility stocks are anticipated to benefit from rising power demand, with Bank of America expecting significant tailwinds for the power sector in the second half of the year [7] - Preferred investment opportunities in the utilities sector include Sempra, Northwestern Energy, and Alliant Energy, as analysts seek laggards with catalysts for outperformance [8]

A woman walking past the logo of U.S. big data analytics software company Palantir Technologies during the World Economic Forum annual meeting in Davos, Switzerland.Six people were taken into custody by police on Thursday as a group blocked the entrance to the New York office of Palantir to protest the tech company's work for the U.S. Immigration and Customs Enforcement agency, the Israeli military and other efforts.More than 30 people participated in the protest, according to Planet Over Profit, the group ...

Core Points - President Donald Trump holds significant veto power over U.S. Steel's decisions through a "golden share" arrangement, which will transition to the Treasury and Commerce Departments after his presidency [2][5] - The merger between U.S. Steel and Japan's Nippon Steel was approved by Trump under a national security agreement, despite his initial opposition [3][4] - U.S. Steel is now a wholly owned subsidiary of Nippon Steel North America, with its shares ceasing to trade on the New York Stock Exchange following the deal [6] Company Decisions Affected by Veto Power - Changing U.S. Steel's name and relocating its headquarters outside the U.S. [7] - Closing, idling, or selling production locations through 2035, including Granite City Works by 2027 [7] - Cutting employee base salaries through 2030 [7] - Reducing, waiving, or delaying a $10.8 billion capital investment timeline [7] - Acquiring any competing business in the U.S. [7]

People check out an electric SUV Xiaomi YU7 at a Xiaomi Store in Hangzhou in east China's Zhejiang province Thursday, June 26, 2025.BEIJING — Chinese smartphone company Xiaomi is taking aim straight at rival Tesla with a new electric SUV.Xiaomi's luxury YU7 SUV will start at 253,500 yuan ($35,322), CEO Lei Jun said Thursday, pointing out that the vehicle is 10,000 yuan cheaper than Tesla's Model Y, which starts at 263,500 yuan in China.Prior to the official price announcement, a Citi report had listed expec ...

Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025.Salesforce is accelerating its use of artificial intelligence in automating workloads, according to CEO Marc Benioff."All of us have to get our head around this idea that AI could do things, that before, we were doing, and we can move on to do higher value work," he said in an interview with Bloomberg's Emily Chang, noting that the technology currently accounts ...