About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Microsoft became the world’s largest company for a brief spell as excitement over its AI-associate OpenAI sent its value up to US$2.88 billion. It didn’t last long, however, with long-time number one Apple regaining the top spot as shares in Microsoft eased back after the opening burst. In contrast to Microsoft, sentiment has been moving against the iPhone maker since the start of the year due to concerns over sales of smartphones in China and the US. Apple, which at one time was valued at more than US$3tri ...

Google parent Alphabet Inc (NASDAQ:GOOG) may have to stump up nearly €2.5 million in antitrust fines handed out by the European Commission over its anticompetitive shopping practices. In 2017, the Commission determined that the results of product searches made using Google’s general search engine were positioned and displayed in a more eye-catching manner when the results came from Google’s own comparison shopping service than when they came from competing comparison shopping services. Moreover, competing r ...

Ryanair Holdings PLC (LSE:RYA) boss Michael O’Leary has said his airline has previously discovered issues in jets delivered by Boeing Co (NYSE:BA, ETR:BCO), as pressure builds on the US-based manufacturer. "We ourselves have found minor issues on aircraft deliveries that shouldn't be occurring in a world class manufacturer like Boeing,” O’Leary said on Thursday. His comments follow the grounding of over 170 Boeing 737 Max 9 jets globally following an incident in which a door plug panel blew off an Alaska Ai ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Salesforce.com Inc is set to pause hiring to its technology and product divisions, Fortune has reported, citing an internal memo  This will stretch to Salesforce subsidiary messaging service Slack, which the chief technical officer’s chief of staff, Ross Harmes, laid out in the update. “This isn’t our first rodeo with hiring pauses, but it’s definitely disruptive and will affect our plans in the first quarter and beyond,” Harmes wrote.  “Remember, we won’t ask you to do the same amount of work with fewer pe ...

Meta Platforms Inc (NASDAQ:FB) closed at a 28-month high on the Nasdaq this Wednesday following a 365-basis-point rally. Analysts have started to reassess the stock in the age of artificial intelligence, even as the Facebook and Instagram owner faces criticisms of disseminating potentially harmful content to minors. New Mexico Attorney General Raúl Torrez has accused the social media titan of enabling adults to “find, message and groom minors” for sexual exploitation, while Walmart and online dating conglom ...

Google is culling hundreds of jobs in its AR (augmented reality) hardware and voice assistant businesses according to reports confirmed by the company. Exact details of the numbers involved were not released by the search engine giant, but the reports indicated that ‘a few hundred’ had gone in each division. Alphabet-owned Google has experienced limited success with its developments of AR “smart glasses” and is said to be looking to partner with a hardware group while it develops the operating system softwa ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...