Apple shares climbed nearly 1% on the news, bringing it closer to reclaiming the throne as the biggest US company by market cap.
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Xbox CEO Asha Sharma plans to eliminate about 20% of staff by the end of fiscal 2027, starting with 1,600 Xbox employees yesterday.
Users can ask the glasses to live-translate more than 20 languages, provide turn-by-turn walking directions, take calls, play music and more.
Google shares have been hammered recently as two top artificial intelligence researchers spurned the company to join OpenAI and Anthropic.
Samsung, Dell, Nintendo, Sony and Microsoft have all recently announced price hikes to their consumer electronics.
The keynote presentation of Apple’s annual developers conference was a farewell sendoff for CEO Tim Cook, who received a standing ovation.
IBM leads a slate of companies poised to benefit from $2 billion in US government grants to support quantum computing development.
Meta, Oracle, Amazon, and Coinbase have all made major layoffs as tech-sector job cuts surge past 111,000 for the year, per Layoffs.fyi.
Blackstone, already the world’s largest private owner of data centers, will provide an initial $5 billion investment.
Both companies moved to expand their 30-minute-or-less ultra-fast delivery services across various US cities this past week.
Amazon put Rufus to work in 2024 and said more than 300 million shoppers were consulting the AI bot on their buys in 2025.
Apple’s supply chain and manufacturing dependencies have turned problematic in the age of tariffs and friend-shoring.
Amazon’s supply chain has a long established lane in customs clearance from China to the US, which is very appealing for potential customers.
Meta is planning a spending spree later in this year, raising its expected annual capital expenditures from $115 billion to $135 billion.
Considering Ternus’ timing, his first time taking the stage as CEO will likely be to introduce the next generation of iPhones this fall.
The Roundhill Magnificent Seven ETF, which tracks Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla, has slid roughly 11% this year.