European regulators threw the book at big tech giants throughout 2024 and 2025, handing out fines that topped €20 billion. The European Commission on December 9 opened an antitrust probe to check if Alphabet’s Google broke EU competition rules when…
Italy’s competition authority AGCM hit Apple with a 98.6 million euro fine on Monday, equivalent to $115.53 million. The U.S. technology giant and two of its divisions now face penalties for what regulators call an abuse of their dominant position…
Elon Musk reached an unprecedented $700 billion net worth after Delaware’s Supreme Court restored his previously voided Tesla stock options, making him the first person in history to achieve this financial milestone. The ruling reinstated the valuable compensation package that…
Stellantis boss Antonio Filosa has come out swinging against Brussels’ latest plan for Europe’s car industry. The CEO told the Financial Times on Saturday that the European Union’s new package puts billions in manufacturing investments at serious risk across the…
Morgan Stanley has emerged as the clear favorite to handle SpaceX’s massive initial public offering, three people with direct knowledge of the matter told Media. The bank’s relationship with CEO Elon Musk, built over 15 years of major deals, puts…
SpaceX lost contact with a Starlink satellite Wednesday after something went seriously wrong in space. The spacecraft broke apart at 418 km above Earth, and now debris is floating around up there. Engineers on the ground can’t talk to it…
The Bureau of Labor Statistics will release inflation data for November at 8:30 a.m. ET on Thursday morning, ending weeks of uncertainty for Americans who’ve watched their grocery bills climb without knowing the actual numbers. The government shutdown that ended…
MetaX Integrated Circuits jumped 700% in its Shanghai market debut on Tuesday, becoming the latest Chinese AI chipmaker to tap into investor frenzy triggered by Beijing’s push to reduce reliance on U.S. firms like Nvidia and Advanced Micro Devices. The…
Oil prices trumble as on Tuesday to their lowest point since 2021. U.S. benchmark West Texas Intermediate is now trading at about $55 per barrel, according to Media’s tracker. That’s a massive difference drop from earlier in the week when…
Nvidia made waves Monday with its acquisition of SchedMD, a specialized AI software firm that’s been quietly powering some of the world’s biggest computing operations. The chip designer isn’t just collecting companies—it’s building defenses against rising competition that threatens to…
Citigroup pegged the S&P 500 index at 7,700 for year-end 2026 on Friday, betting on robust corporate earnings and sustained tailwinds from artificial intelligence investments. The brokerage sees AI infrastructure build-out as a key theme next year, though strategists say…
STMicroelectronics has shipped 5 billion chips to Elon Musk’s SpaceX for the Starlink satellite network over the past decade. A senior executive now says that number could double in just the next two years. The European chipmaker told Media about…
A Tennessee religious charter school fight is heading to court, potentially setting up another Supreme Court showdown after justices deadlocked on a similar Oklahoma case earlier this year. Christian nonprofit Wilberforce Academy filed a lawsuit against the Knox County School…
Chinese President Xi Jinping didn’t show up Saturday for China’s annual Nanjing Massacre memorial. Pretty notable timing given Beijing and Tokyo are barely speaking to each other right now over Taiwan. China held the ceremony anyway at the national memorial…
Google is dealing with a €110 million ($129 million) asset freeze in France after administrators of its shuttered Russian operations won temporary orders through French bailiff action. The measure, which obtained by Google Russia’s court-appointed judicial administrator, marks a rare…
