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Jan 20 (Reuters) – Google is filing an appeal at the European Union’s top court against an earlier decision to uphold a $2.8 billion antitrust fine, a spokesperson for the Alphabet (GOOGL.O) unit said late on Thursday, the company’s second bid to overturn the penalty. EU Competition Commissioner Margrethe Vestager fined the world’s most popular internet search engine in 2017 over the use of its own price comparison shopping service to gain an unfair advantage over smaller European rivals. The… Source link

The question asked by Nina Strohminger to her students at the Wharton School at the University of Pennsylvania was straightforward: What did they think the average American makes in annual wages? Some of the answers, however, were not what the professor of legal studies and business ethics could have expected from one of America’s most prestigious business schools, she said. Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. “I asked… Source link

Angela Rasmussen, a virologist and at the Vaccine and Infectious Disease Organization at the University of Saskatchewan, told Yahoo Finance Live that ending the COVID-19 pandemic isn’t likely to end anytime soon. “Endemicity is what we’re really talking about,” she said.  One reason COVID-19 may be here to stay is because of its ability to infect different animals. “I don’t think that elimination is going to be possible with this virus. This virus infects a number of different animal species… Source link

The Nasdaq Composite (^IXIC) finally slipped into correction territory Wednesday for the first time since March 2021 — prompting bearish headlines and warnings from pundits. But a Yahoo Finance analysis of nearly 50 years of Nasdaq data reveals this may be a short-term buying opportunity. A market correction is traditionally identified as a drop of 10% or more from a recent high, measured from the closing high to the closing low. The threshold is admittedly arbitrary, but nevertheless it… Source link

The bad news flywheel continues to be spinning in warp speed at Peloton (PTON).  Shares of Peloton crashed 22% to $26 on Thursday after a CNBC report that the struggling fitness company would temporarily halt production of its bikes and treadmills due to sluggish consumer demand. Shares fell below the company’s September 2019 IPO price of $29.  The company will reportedly stop producing its bikes for two months and treadmills for six weeks.  A Peloton spokeswoman didn’t return Yahoo… Source link

A top Wall Street analyst thinks Apple’s stock (AAPL) is at risk of an earnings day sell-off, which would ultimately be a buying opportunity.  “Apple shares are up 19% since the October 4 low (vs. 5% for the S&P 500) suggesting December quarter upside is largely priced in,” warned Morgan Stanley tech analyst Katy Huberty in a new research note Thursday. Huberty expects Apple to report a better than expected quarter on Jan. 27, and guide to a relatively in line March quarter.  If the stock… Source link

Microsoft (MSFT) shook the tech and gaming industries on Tuesday when it announced its planned purchase of Activision Blizzard (ATVI) for $68.7 billion. The deal, slated to close in 2023, would instantly turn Microsoft into the owner of one of the biggest franchises in the world, “Call of Duty,” and make it a key mobile gaming player. But according to Jefferies analyst Brent Thill, the deal is also a huge win for Activision Blizzard and its employees, who have had to contend with an… Source link

Meta may be the loudest company building AR and VR hardware. Microsoft has HoloLens. Apple is working on something, too. But don’t count out Google. The search giant has recently begun ramping up work on an AR headset, internally codenamed Project Iris, that it hopes to ship in 2024, according to two people familiar with the project who requested anonymity to speak without the company’s permission. Like forthcoming headsets from Meta and Apple, Google’s device uses outward-facing… Source link

Did you know that Tampa Bay Buccaneers quarterback Tom Brady co-founded an NFT agency? Well he did! It’s called Autograph, and you won’t be surprised to find out that it’s doing pretty well.  The company told TechCrunch on Wednesday that it had just completed its Series B funding round and had raised $170 million from venture capital firms Andreessen Horowitz and Kleiner Perkins, among several others. Both firms have been investing in cryptocurrency related projects and Autograph is the… Source link

Yandex stock value has remained on a downtrend in the first couple of weeks of 2022 as shares have shed more than 15% of their value since the start of January amid tighter macroeconomic conditions. A spike in interest rates in the US amid elevated inflation readings and hawkish remarks from Federal Reserve officials has contributed to depress tech stock valuations. As of 19 January, the yield of US 10-year Treasury Notes stood at 1.83% – the highest reading since the pandemic started –… Source link