(Bloomberg) — Apple Inc. injected a new level of intrigue in its bitter court fight with Epic Games Inc., suggesting the Fortnite maker was acting as a stalking horse for Microsoft Corp. and withholding evidence. The iPhone maker made the accusations Wednesday night in a filing asking a judge to make an adverse credibility finding against Lori Wright, an Xbox executive who testified in the trial on behalf of Epic. That would mean the judge could ignore her testimony. Apple asked for such a… Source link

Bitcoin’s (BTC-USD) price plunged 28% this week, this most recent meltdown spurred by an announcement from China and an Elon Musk tweet. The controversial crypto is now losing even more love on Wall Street a day after UBS’s CIO Mark Haefele questioned the need to own bitcoin in a portfolio. In a note published Thursday, Deutsche Bank analysts joined the conversation with a research note entitled “Bitcoin: Trendy is the last stage before tacky,” quoting the late fashion icon Karl… Source link

Wall Street benchmarks advanced on Thursday, with investors reacting to jobless claims falling to a new COVID-19 era low, but wary of rising inflation may force the Federal Reserve to normalize monetary policy sooner rather than later.   Good news on the labor market came from government data that showed workers filing for new unemployment benefits fell further below 500,000 in the latest week. Jobless claims set their lowest levels in more than a year as the labor market continued to heal… Source link

Apple’s (AAPL) newest Apple TV 4K hits the market Friday with a new processor, slick color calibration capabilities, and an overdue upgrade for the Siri remote. It’s a notable array of updates that make the Apple TV 4K quite the remarkable streaming box. Starting at $179 with 32GB of storage or $199 with 64GB, the Apple TV 4K does more than stream shows and movies; it lets you control your smart home devices, play games, and work out with Apple Fitness+. The streaming box market, though,… Source link

According to Google, soon Nest thermostats will be compatible with competing smart home ecosystems like Apple HomeKit.  Jon… Source link

The company announced Thursday that it is opening its first physical retail store, called Google Store, this summer in New York City. The store will be located under its offices in the Chelsea neighborhood, where it employs many of its more than 11,000 employees in the city. Some of the items for sale will include Pixel phones, Nest products, Fitbit devices and Pixelbooks. Similar to Apple’s Genius Bar concept, Google will employ “experts” to help customers troubleshoot issues, fix a cracked… Source link

The king of oat milk Oatly (OTLY) has big plans on how it will spend the $1.43 billion or so it raised from a well-received IPO on Thursday.  Investors should expect an ambitious plan to expand manufacturing capacity to meet strong demand for Oatly oat milk, long-time CEO Toni Petersson said on Yahoo Finance Live.  “It’s to build supply, to build out our production capacity across the three continents,” Petersson said, referring to the use of its new capital infusion. Petersson — who has… Source link

Google Photos uses AI to generate “cinematic moments” that create a moving image from two related shots. Google … Source link

TipRanks Billionaire Ray Dalio Pulls the Trigger on 3 “Strong Buy” Stocks There are experts out there in the stock market whose investing moves command respect. They’ve earned this through the long-term cultivation of a reputation for true savvy in finding solid returns – and few of these experts have the stature of billionaire financier Ray Dalio. Dalio got his start trading commodity futures on Wall Street, and in 1975 he founded Bridgewater Associates from his New York City… Source link

Ford CEO Jim Farley is sending a clear message to those on Capitol Hill who are tepid to support President Joe Biden’s investments in America’s electric vehicle infrastructure.  Either sign-off on the funding, or risk America falling further behind in an EV race being won at the moment by China.  “I think it’s time for us to be competitive [on electric vehicles]. We have got to be globally competitive in batteries. All the chip manufacturing, some of it has to come back to the U.S. This is a… Source link