Two young men stand inside a shopping mall in front of a large illuminated Apple logo seen through a window in Chongqing, China, on June 4, 2025.Cheng Xin | Getty ImagesApple on Monday appealed what it called an “unprecedented” 500 million euro ($586 million) fine issued by the European Union for violating the bloc’s Digital Markets Act.”As our appeal will show, the EC [European Commission] is mandating how we run our store and forcing business terms which are confusing for developers and bad for users,” the company said in a statement. “We implemented this to avoid punitive daily fines and…
Author: usaeverydaylife
U.S. dollar banknote and decreasing stock graph are seen in this illustration taken April 25, 2025. Dado Ruvic | ReutersFresh off its worst performance since Richard Nixon was president, the U.S. dollar faces a variety of headwinds heading into the second half of the year that could have important investing implications.The greenback tumbled 10.7% against its global peers through June, making it the worst first half since 1973, back when Nixon broke the Bretton Woods gold standard. At its bottom, the currency hit its lowest point since February 2022.The path ahead may not look much brighter.That’s because many of the…
Turn to crypto-related stocks for gains as the long-awaited altcoin rally shows no sign of hope, according to Wolfe Research. Seasoned crypto investors have become used to a shift in market sentiment that usually follows new bitcoin all-time highs: Capital flows out of the flagship coin and into smaller, higher-risk cryptocurrencies known as altcoins. There have been two runups to new bitcoin records this year, but “alt season,” or altcoin season as the trend has become known, has not followed and isn’t likely to this year, Wolfe found. “It has been our call for months that investors should stick to…
CoreWeave CEO Michael Intrator, left, testifies before the Senate Committee on Commerce, Science and Transportation in Washington on May 8, 2025.Chip Somodevilla | Getty ImagesArtificial intelligence-oriented cloud infrastructure company CoreWeave said Monday it will acquire Core Scientific, a data center infrastructure provider, in an all-stock deal valued at approximately $9 billion.CoreWeave stock was down about 2% in trading on Monday afternoon, while Core Scientific stock was about 16% lower. Shares of both companies rallied at the end of June after the Wall Street Journal reported that talks were underway for an acquisition.”I think that, like many things that we do,…
CoreWeave founders Brian Venturo, at left in sweatshirt, and Mike Intrator slap five after ringing the opening bell at Nasdaq headquarters in New York on March 28, 2025.Michael M. Santiago | Getty Images News | Getty ImagesArtificial intelligence hyperscaler CoreWeave said Monday it will acquire Core Scientific, a leading data center infrastructure provider, in an all-stock deal valued at approximately $9 billion. Coreweave stock fell about 4% on Monday while Core Scientific stock plummeted about 20%. Shares of both companies rallied at the end of June after the Wall Street Journal reported that talks were underway for an acquisition.The deal…
Still from Apple’s “F1.”AppleLights out and away we go.”F1: The Movie” hasn’t even reached the checkered flag of its theatrical run, but it’s already Apple’s best film release ever.The film, distributed by Warner Bros. Discovery, zoomed past $293 million at the global box office over the weekend. This outpaced Ridley Scott’s “Napoleon,” which generated $221 million during its run in 2023, to become Apple’s highest-grossing theatrical release.The tech company has only sent a handful of films to cinemas with wide releases since delving into the media business in recent years. “Killers of the Flower Moon” tallied $158 million worldwide, “Fly…
Tesla — The EV-maker tumbled almost 8% after CEO Elon Musk said he would form a new political party called “America Party.” Musk has been feuding with President Donald Trump, who called the new party “ridiculous.” Uber Technologies — Shares of the ride-hailing company hit an all-time high of $97.12 and recently were up by 3% on the day. Monday’s gains put Uber up nearly 60% for the year. Royal Gold – The precious metal management company dropped more than 8% after agreeing to acquire Sandstorm Gold and Horizon Copper . Royal Gold is buying Sandstorm in an all-share transaction…
The Invesco QQQ ETF , which provides a way to invest in the Nasdaq-100 Index, confirmed a breakout to new all-time highs with last week’s close above the December and February peaks (~$539). The breakout is associated with renewed long-term momentum indicated by a whipsaw in the monthly MACD, marking a resumption of a multi-year secular uptrend. The breakout allows for a measured move projection of $602, which is approximately 9% above current levels as a reasonable objective looking out six-to-12 months. Since the April low, QQQ has outpaced SPY by approximately 7%, fueled by its heavier weighting in technology stocks…
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. leaves the stage after discussing the findings of the Centers for Disease Control and Prevention’s (CDC) latest Autism and Developmental Disabilities Monitoring (ADDM) Network survey, at the Department of Health and Human Services in Washington, D.C., U.S., April 16, 2025. Elizabeth Frantz | ReutersSeveral leading medical organizations on Monday filed a suit against the U.S. Department of Health and Human Services and its Secretary Robert F. Kennedy Jr., arguing that current policies on COVID-19 vaccine pose an imminent threat to public health.The plaintiffs, including the American Academy of Pediatrics, American College of Physicians, American Public…
Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, March 25, 2021.CNBCBlock CEO Jack Dorsey spent the weekend building Bitchat, a new decentralized, peer-to-peer messaging app that works entirely over Bluetooth mesh networks, with no internet, central servers, phone numbers or emails required.The Twitter co-founder announced Sunday that the beta version is live on TestFlight, with a full white paper available on GitHub.In a post on X Sunday Dorsey called it a personal experiment in…
