Qualcomm is ramping up its efforts to win the AI PC race and heading for a collision course with Intel and AMD, with the debut of its new Arm-based Snapdragon X Plus chip for Windows-based laptops.
JPMorgan Chase CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the '70s.
The economy then was constrained by stagflation, a combination of low growth and high inflation, and Dimon said that risk exists again.
$SPOT CEO Daniel Ek suggested more price increases are to come as the audio giant plans to offer various subscription plans to attract as many users as possible.
$META CEO Mark Zuckerberg is taking a page out of Google’s Android playbook by announcing his company will make its Meta Horizon operating system for AR/VR headsets open source.
Another hot inflation reading reinforces that any near-term interest rate cuts are less likely as the Fed shifts to a higher-for-longer stance.
Markets are pricing in only a 45% chance of the first rate cut in September.
The US economy grew at its slowest pace in nearly two years last quarter.
The BEA's advance estimate of Q1 US GDP showed the economy grew at an annualized pace of 1.6% during the period, missing the 2.5% growth expected by economists.
$AAPL CEO Tim Cook toured Southeast Asia last week, visiting Vietnam, Indonesia, and Singapore, as part of a multiday trip geared toward reducing Apple’s reliance on China as its central manufacturing hub.