In India, a team of antitrust researchers accused the company of abusing its dominance in the mobile phone operating system market, leading to a formal investigation by the nation’s competition commission. The case hinged, in large part, on certain legal agreements that Google required manufacturers to sign before they could install widely used apps like Google Maps, Gmail and YouTube, according to a case file dated April 2019. Source link

Corporate tax increases are necessary for the U.S. to better compete globally, U.S. Commerce Secretary Gina Raimondo told Yahoo Finance Live in an interview. House Democrats are out with a proposal to raise the tax rate on companies with income of at least $5 million to 26.5%.  “If American business is going to compete, we need these investments,” Raimondo said. “And then the question is, how do you pay for them. I don’t know any business leader who thinks that it would be… Source link

House Speaker Nancy Pelosi, D-CA, speaks during a press conference at the US Capitol in Washington, DC on September 8, 2021. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) Since it worked so well the last time, Congress is about to flirt once again with the prospect of a U.S. government shutdown, followed by an ignominious and totally unnecessary default on the nation’s debts. Yes, you’ve heard this before. Yes, it’s tiresome and foolish. But it’s happening… Source link

Shares of Crocs (CROX) rose as much as 17% and reached a record high in intraday trading off the heels of an investor day that gave Wall Street plenty to dig its heels into. Shares closed at $149.38 apiece, up 11.66% on the day. Crocs expects to pull in revenue of over $5 billion by 2026. It will also focus on expanding its reach in Asia and expanding its digital growth. The company is also boosting its sustainability efforts, announcing a new bio-based, lower carbon material called… Source link

Apple (AAPL) debuted its new iPhone 13 during its virtual fall event on Tuesday. The new iPhone comes in four versions, the iPhone 13 mini, the iPhone 13, the iPhone 13 Pro, and the iPhone 13 Pro Max. Available Sept. 24, the phones range in prices from $699 for the iPhone mini to $1,099 for the iPhone 13 Pro Max. While the design of the iPhone 13 remains largely unchanged from the iPhone 12, there are some small differences. For starters, the two rear cameras are now situated diagonally. The… Source link

Apple (AAPL) on Tuesday debuted its new Apple Watch Series 7, the latest version of the company’s popular wearable. Available later this fall and starting at $399, the Apple Watch Series 7 gets an all-new design and larger displays. Rather than the old 40mm and 40mm screens, the Series 7 features 41mm and 45mm panels that will provide more content on screen at once. The screens on the Series 7 are 20% larger than the Series 6’s panels. The larger display means you’ll be able to read 50% more… Source link

The labor market is no doubt tight: Job openings in July rose to record highs, the Labor Department’s monthly Job Openings and Labor Turnover report found. The overall quits rate was unchanged at 2.7% for the month, but the quit rate for the private sector increased to 3.1% from 3.0%, matching the all-time high in 2001, according to ING. Different dynamics are fueling this trend, Adam Ozimek, Upwork’s chief economist, told Yahoo Finance – primarily the ability to work remotely since the… Source link

Amidst the expanding number of Wall Street bears right now, there is Chris Harvey, Wells Fargo Securities head of equity strategy. The nearly 30-year markets veteran is staying bullish on his outlook for stocks despite the naysayers looking for market plunges into year-end. Harvey is calling for the S&P 500 to end the year at 4,825, or up 8% from current levels.  For Harvey, there continues to be several key drivers of higher stock prices still in play. “Our 4,825 call is what we call an… Source link

In a surprise twist, Disney (DIS) updated its 2021 release schedule, choosing to release the rest of its jam-packed slate exclusively in theaters before the films become available on Disney+.  “Following the tremendous box office success of our summer films, which included five of the top eight domestic releases of the year, we are excited to update our theatrical plans for the remainder of 2021,” Kareem Daniel, Disney media and entertainment distribution chairperson, said in a news… Source link

Google and ProMedica Health System are jumping into the rapidly growing virtual care market to get a piece of the $213 billion that’s spent annually on musculoskeletal care. The two companies are partnering with IncludeHealth to launch a musculoskeletal (MSK) operating system that any provider can use to offer integrated virtual physical care for MSK patients. The platform is hardware-free and device-agnostic, according to the companies. “The landscape of care delivery has… Source link