Tim Cook, chief executive officer of Apple, speaks at the 2019 Dreamforce conference in San Francisco on November 19, 2019. David Paul Morris | Bloomberg | Getty Images Some app makers who rely on mobile distribution from Apple and Google are scared of how much power the tech giants have over their businesses, according to congressional testimony delivered Wednesday. “We’re all afraid,” Match Group Chief Legal Officer Jared Sine told Sen. Amy Klobuchar, D-Minn., the chair of the Senate… Source link

Reported details have emerged painting a bloody scene outside a Miami strip club that left Houston Rockets guard Sterling Brown hospitalized early Monday. The Houston Rockets released a statement Monday that Brown “was the victim of an assault” and “suffered facial lacerations but will make a full recovery.” Few other details of the incident were reported at the time. The Athletic’s Shams Charania and Kelly Iko published a story on Thursday citing sources close to Brown who were worried for… Source link

Topline Three of the most dominant tech companies in the world — Facebook, Amazon and Google parent Alphabet — have never paid a dividend to shareholders, instead choosing to use their available capital to generate high growth through acquisitions and investing in internal businesses, but may be compelled to once they mature and growth slows. MARCH 25th 2021: Facebook CEO Mark Zuckerberg, Google (Alphabet Inc.) CEO Sundar Pichai and Twitter … [+] CEO Jack Dorsey testify before… Source link

WASHINGTON—Lawmakers and mobile app companies took aim at Apple Inc. and Alphabet Inc.’s Google in a hearing Wednesday focused on competition concerns about the companies’ power over their smartphone ecosystems. The hearing marked an escalation of lawmakers’ antitrust scrutiny on smartphone makers, and particularly Apple. Google already has been sued by federal and state authorities… Source link

Bloomberg A $1 Trillion Liquidity Surge Is Morphing Into a Leverage Boom (Bloomberg) — It was supposed to be a temporary buffer — more than $1 trillion of debt taken on by U.S. companies last year to ride out the economic devastation caused by Covid-19.But with the economy rebounding and interest rates still near all-time lows, it’s becoming increasingly tempting for corporations including Home Depot Inc. and Verizon Communications Inc. to spend those cash cushions on acquisitions and… Source link

Here’s what you need to know: An AirTag, which Apple introduced this week as an attachment that helps owners find lost items, and which Tile says is a copy of its trackers.Credit…Apple, via Reuters Tile said Apple boxed out its products and then copied them. Spotify said Apple blocked it from telling customers that they could find cheaper prices outside its iPhone app. And Match Group testified that it now paid nearly $500 million a year to Apple and Google in app store fees, the dating… Source link

U.S. Senator Amy Klobuchar. (Photo by Evelyn Hockstein-Pool/Getty Images) Getty Images Executives from Apple and Google fielded accusations of anti-competitive behavior from lawmakers and other technology companies during an antitrust hearing on Wednesday before the Senate Judiciary Committee, led by U.S. Senators Amy Klobuchar and Mike Lee. Much of the testimony was aimed at Apple’s App Store and the Google Play app marketplace, with executives from music streaming platform… Source link

TipRanks Goldman Sachs: These 2 Stocks Are Poised to Double (or More) The new week kicked off on a negative note, as all 3 major indexes pulled back from record highs. After applauding recent strong economic data, the worsening global coronavirus situation appeared to have soured investor sentiment. But according to Goldman Sachs chief US equity strategist David Kostin, investors shouldn’t get too worked up. The overall trend remains upward, and Kostin points out that volatility – the… Source link

There’s been a lot of noise in the world of cryptocurrency this year and plenty of signs of a dedicated ETF. Joining the “ETF Report” with hosts Alexis Christoforous and Kristin Myerson Yahoo Finance, ETF Trends’ CIO and Director of Research, Dave Nadig, speaks to what to expect as far as a fund is concerned. As of now, Nadig believes the fall may be the best time to expect some official announcement of a crypto ETF. Six months from when the Toronto exchanged started trading on the… Source link

The Google Pixel 5a is rumored to get official on June 11, and so far a leak has showed us that it will have a design that’s practically indistinguishable from that of the Pixel 4a 5G. Its dimensions make it closer to that phone than to the smaller Pixel 4a too. If you were wondering what sort of horsepower to expect under the hood, well – let’s cut right to the chase here. The Pixel 5a 5G will have the Snapdragon 765G chipset at the helm, just like the Pixel 4a 5G and the Pixel 5. That… Source link