The pandemic exposed critical vulnerabilities in America’s supply chains. Now companies like GM are moving beyond headlines to build real domestic capacity for everything from rare earth magnets to semiconductors.
The investor famous for “The Big Short” is betting big against AI stocks. His $1.1 billion position comes as markets show extreme vulnerability to tech stock declines. Palantir’s CEO called the move “batshit crazy” despite his company’s strong revenue growth.
Google has settled its long-running legal battle with Epic Games over Android app store practices. The agreement comes after a jury sided with Epic in 2023 and the Supreme Court recently denied Google’s appeal.
Marks & Spencer’s April cyberattack will cost the retailer £136 million in total, causing profits to tumble 55.4% year-on-year. The company had to implement manual processes that dramatically reduced operating margins while online sales collapsed.
Amazon is taking Perplexity to court over its Comet AI shopping agents. The lawsuit alleges computer fraud and violations of Amazon’s terms of service. This legal battle could determine the future of agentic AI shopping.
Major private equity players are making a surprising pivot back to China after years of retreat. They’re betting that Beijing’s tech-focused economic plan and rapid AI adoption will deliver strong returns despite geopolitical tensions.
Epic Games and Google have reached a landmark settlement that fundamentally changes Android’s ecosystem. The deal cuts Google Play fees and allows competing app stores to install directly from websites. This represents a major shift from Google’s previous walled garden approach.
In a stunning reversal, Google and Epic Games have submitted a joint proposal to end their legal battle. The deal would allow alternative app stores and payment methods on Android while reducing Play Store fees significantly.
A new report reveals Irish companies are investing more in cybersecurity technology but falling behind on employee training. Budget constraints and staff burnout are creating significant vulnerabilities despite improved defenses.
European stocks are set to open lower as tech valuation concerns spread globally. The DAX and CAC 40 both face declines over 0.5% while Italy’s FTSE MIB drops nearly 0.8%. Today brings key earnings from Novo Nordisk and BMW plus Sweden’s rate decision.
