Apple's Baidu Link, Nissan sales, STOXX 600 growth - what's moving markets
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Apple-Baidu AI cooperation likely 'driven by regulatory concerns' - Citi
March 26, 2024 10:11 AM EDTCiti analysts said in a note Tuesday that Apple's (NASDAQ: AAPL) reported cooperation with Baidu (NASDAQ: BIDU) on AI is mostly driven by regulatory concerns.
Yesterday, WSJ reported Apple is set to use Baidu's... More
Apple (AAPL) innovation 'drives a sticky Services ecosystem,' but UBS sees some signs of stress
March 25, 2024 1:04 PM EDTIn a note Monday, analysts at UBS maintained a Neutral rating and $190 per share price target on Apple (NASDAQ: AAPL), stating that innovation drives sticky services.
However, the investment bank noted that there are some signs of stress.
UBS explained that its Evidence Lab surveyed ~4,000 iPhone... More
Boeing (BA) CEO to step down as plane maker undergoes management reshuffle
March 25, 2024 8:20 AM EDT(Updated - March 25, 2024 9:34 AM EDT)
(Updated - March 25, 2024 9:32 AM EDT)
Boeing (NYSE: BA) announced significant management changes on Monday, with Dave Calhoun to step down as CEO at the end of 2024.
Furthermore, Board Chair Larry Kellner has informed the company he does not intend to stand for re-election at the upcoming Boeing annual shareholder meeting, with the board electing Steve Mollenkopf to succeed Kellner as independent board chair. Mollenkopf has served on the Boeing board since 2020. He was previously CEO of Qualcomm.
Meanwhile, Stan Deal, Boeing Commercial Airplanes... More
The EU initiates investigations into Apple, Google and Meta under new digital competition law - WSJ
March 25, 2024 7:27 AM EDTAccording to a report by The Wall Street Journal on Monday, the European Union has launched investigations into Apple (NASDAQ: AAPL), Meta Platforms (NASDAQ: META), and Alphabet (NASDAQ: GOOGL) under its new digital-competition law.
The reported move increases the regulatory scrutiny major US tech... More
