The European Court of Justice ruled that Apple (NASDAQ: AAPL) earned €13 billion in illegal tax breaks from Ireland. The court also upheld a significant fine imposed on Alphabet (NASDAQ: GOOG), Google’s parent firm (NASDAQ: GOOGL). Europe’s highest court recently delivered a significant blow to Apple and Google. Silicon Valley tech behemoths had been disputing
Elon musk has refuted rumors that his artificial intelligence business, XAI, and Tesla discussed dividing future profits in exchange for XAI’s technology. Musk refuted these allegations, saying that the goal of XAI is to strengthen Tesla’s software and development capabilities. XAI aims to improve Tesla’s development and software skills. Elon Musk, however, disputes the company’s
European markets reaching higher Interest rates Credit : Getty Images On Wednesday, European stock markets rose sharply. This positive atmosphere followed a record-breaking day on Wall Street in the United States. Investors are feeling more hopeful about the future, partly due to statements from a key figure, Jerome Powell, the Federal Reserve Chair. “The Federal
Tesla has announced a significant recall affecting more than 11,000 of its highly anticipated Cybertruck electric pickup trucks in the United States. The recall targets issues with critical components, including the front windshield wiper motor controller and trunk bed trim. Specifically, Tesla has identified potential malfunctions in the windshield wiper motor controller during rainy conditions,
Major U.S. Banks are expected to show strong financial reserves in the Federal Reserve’s annual stress test results. They’re likely to be cautious about paying dividends and buying back shares due to the economic and regulatory uncertainties. On Wednesday, the central bank will unveil its annual Bank stress tests results. These tests evaluate banks’ preparedness