European regulators are reportedly set to slap Apple Inc. with a fine of more than $500 million, saying the tech giant unfairly hindered its music-streaming rivals. The Financial Times and Bloomberg News reported Sunday that European Commission antitrust regulators are preparing to impose a roughly $500 million euro ($539 million) fine against Apple AAPL, -0.84%, after finding that it created an anticompetitive environment by failing to inform iPhone users that cheaper, alternative music-streaming apps w ...

Wall Street is growing increasingly uneasy about an options-driven momentum trade that has helped push the S&P 500 index into record territory. As demand for bullish call options surges to its highest level in years, some analysts have set their sights squarely on Nvidia Corp.’s NVDA, -0.06% Wednesday earnings report, warning that it could be the catalyst that slams the breaks on this trade, potentially reversing a substantial amount of the market’s rally over the past four months.Their reasoning is rooted ...

Intuitive Machines Inc.’s historic attempt to place the first U.S. commercial lander on the lunar surface marks an important step for U.S. space exploration, according to Harrison Schmitt, the most recent living person to walk on the moon.“The more information we can gain about the surface of the Moon, the better it will be for integration of its vast energy and materials resources into the U. S. economy,” the Apollo 17 astronaut told MarketWatch, via email. “China’s leadership understands this better than ...

DraftKings shares were shrugging off the company’s latest earnings report, but bulls found plenty of reasons to cheer. As MoffettNathanson’s Robert Fishman put it, “it is not really an exaggeration to say almost everything went right for DraftKings” in 2023, and the biggest stumbling block for the company was likely adverse outcomes for some sporting events. Those negative event outcomes helped drive the company to a surprise loss in the latest quarter. Prior to that, DraftKings DKNG, +0.35% had beaten bott ...

“‘I do think that there’s this whole vibe with Apple fanboys, which I find kind of a little funny, where it’s like a lot of people just get upset if you dare to question if Apple is going to lead in a new space.’”That was Meta META, -2.07% CEO Mark Zuckerberg talking about his recent review of Apple’s Vision Pro during an episode of the Morning Brew Daily podcast that was published on Friday.In his review, Zuckerberg – not surprisingly – said Meta’s Quest 3 headset is not just a better value ($499 versus $3 ...

Shares of Nvidia Corp. have been on another tear. The stock is up 47% this year (after more than tripling during 2023) and this week overtook Alphabet Inc. to become the third-largest company in the S&P 500 by market capitalization.Nvidia NVDA, +1.82% will announce quarterly results next week, and once again the year-over-year comparisons will be astounding because the company continues to dominate the market for graphics processing units (GPU). This was pretty much a new market last year as data centers sc ...

While the Houthi attacks on cargo ships in the Red Sea have impacted global supply chains, U.S. retailers are better positioned to deal with the disruption than their European counterparts, according to Moody’s Investors Service.The Red Sea attacks, which were launched by Iranian-backed Houthi rebels in October, have resulted in longer transit times for cargo, as ships that would have transited the Suez Canal use alternate routes. In recent testimony on Capitol Hill, the National Retail Federation said that ...

Investors waiting and watching to see if and when the “bubble” in artificial intelligence and Magnificent Seven stocks eventually pops would be wise to review some market history. That’s according to a team of Bank of America strategists led by Michael Hartnett, who tallied similarities and differences between long-ago bubbles and what investors might be seeing currently. Spoiler: higher real interest rates are likely to be the eventual undoing of this group of stocks, they say.After last year’s massive run ...

Nike Inc. is reportedly looking to cut more than 1,600 jobs, as part of its plan to cut costs so it can create capacity to boost profitability and innovation.The jobs cuts won’t affect employees in stores, distribution centers or those involved in innovation, The Wall Street Journal reported late Thursday, after reviewing an employee memo.The report comes two months after the athletic shoe, apparel and accessories giant NKE, -0.26% said in its second-quarter earnings call that it was targeting $2 billion in ...

Apple is reportedly preparing to launch a new software development tool that will use generative artificial intelligence to help automate coding work.The new AI powered software tool is set to help simplify the coding process by auto-generating blocks of code in a manner similar to Microsoft’s Github Copilot, Bloomberg reported.Apple has now expanded testing of its new tool which is set to launch as part of its newest version of software development package Xcode. Apple AAPL, -0.16% could launch its new AI ...