Trump's firing of Fed Governor Cook over mortgage fraud allegations raises concerns about Fed independence and potential for a more dovish board. Markets reacted negatively, with futures dipping and the dollar initially dropping on fears of increased political influence over monetary policy.
Apple and Google's AI talks lift both stocks, putting ETFs like IYW, FTEC, FCOM and VOX, with heavy exposure to the tech giants, in focus.
Elon Musk's companies xAI and X filed a sweeping US antitrust lawsuit Monday against Apple and OpenAI, alleging the tech giants formed an illegal partnership to stifle competition in artificial intelligence and smartphone markets.
Mr. Musk's artificial intelligence company, xAI, claimed that its Grok chatbot app was being artificially suppressed in Apple's App Store.
The Investment Committee debate whether the A.I. trade is overdone and how you should trade the biggest names now.
Elon Musk's X and xAI filed a lawsuit against Apple and OpenAI on Monday, alleging that the two companies are colluding to stifle competition.
Tesla Inc founder Elon Musk's artificial intelligence startup xAI is suing Apple Inc (NASDAQ:AAPL, ETR:APC) and ChatGPT, claiming both companies illegally conspired to stifle competition for artificial intelligence. In a legal filing in US federal court in Texas on Monday, xAI's stated that Apple and OpenAI have "locked up markets to maintain their monopolies and prevent innovators like X and xAI from competing.
The lawsuit alleges that Apple and OpenAI's deal to bring ChatGPT to iPhone users is an "anti-competitive scheme" that hurts competitors like xAI.
Mr. Musk's artificial intelligence company, xAI, claimed that its Grok chatbot app was being artificially suppressed in Apple's App Store.
Doug Clinton, Intelligent Alpha CEO, joins 'Money Movers' to discuss Nvidia ahead of its earnings report.
Apple has reportedly patched a zero-day flaw in its ImageIO framework. That's according to a report Friday (Aug. 22) by Dark Reading, which noted this is the latest in a string of zero-day vulnerabilities the company has disclosed this year.
Apple is reportedly plotting a major shakeup of its iPhone lineup as it looks to jump start the iconic smartphone's sagging sales.