Apple shares slip on report U.S. government preparing antitrust lawsuit

Apple shares slip on report U.S. government preparing antitrust lawsuit

Apple CEO Tim Cook listens as President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., on June 23, 2023. Anna Moneymaker | Getty Images Apple shares slid less than 1% on Friday after The New York Times reported that the…

DOJ close to filing massive antitrust suit against Apple over iPhone dominance: report

DOJ close to filing massive antitrust suit against Apple over iPhone dominance: report

The Justice Department is reportedly in the “late stages” of filing a massive antitrust lawsuit against Apple – the latest sign of mounting regulatory pressure that has roiled the iPhone maker. The DOJ could file a lawsuit against Apple within the first six months of this year, the New York Times reported on Friday, citing…

Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK

Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK

CEO of cryptocurrency platform Coinbase Brian Armstrong attends a reception at Buckingham Palace, in central London, on November 27, 2023 to mark the conclusion of the Global Investment Summit (GIS). (Photo by Daniel LEAL / POOL / AFP) (Photo by DANIEL LEAL/POOL/AFP via Getty Images) Daniel Leal | Afp | Getty Images Coinbase, Crypto.com, Gemini…

SpaceX sues U.S. agency that accused it of firing workers critical of Elon Musk

SpaceX sues U.S. agency that accused it of firing workers critical of Elon Musk

Elon Musk, CEO of SpaceX and Tesla, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris on June 16, 2023. Gonzalo Fuentes | Reuters SpaceX on Thursday sued a U.S. labor board that had accused the rocket and satellite maker of…

China’s Xpeng claims its latest EV model could be an industry ‘game changer’

China’s Xpeng claims its latest EV model could be an industry ‘game changer’

Chinese electric vehicle company Xpeng told CNBC on Friday that its newly launched X9 model could be a “game changer” for the industry. Xpeng launched the X9 large 7-seater EV on Jan. 1, a car built on its SEPA2.0 architecture for the Chinese market. The X9 series are priced between 359,800 yuan to 419,800 yuan (about $50,360…

Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs

Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs

Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada began its latest round of layoffs on Wednesday, a person with direct knowledge of the matter told CNBC, following a slew of media reports about cuts…