2 days ago
Zuckerberg's net worth dropped $25B to $209B as Meta's AI ambitions drove net income down 14% and nearly eliminated free cash flow.
META commits $130-145B in 2026 capex chasing AI leaders it trails, with much of that spending cycling back to NVDA for chip purchases.
Don't wait: the ***** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
As Mark Zuckerberg keeps steering Meta (NASDAQ: META) in the wrong direction, his net worth keeps falling. It is down $25 billion this year and is still dropping, to $209 billion. That puts him barely ahead of Michael Dell, who is at $204 billion.
Zuckerberg can blame the entire drop on his decision to march Meta into AI competition with companies that include OpenAI, Anthropic, and Alphabet (NASDAQ: GOOG), which are well ahead. Based on all evidence, Meta won't catch up. Its earnings made it clear he continues to double down on AI anyway. That showed up in earnings.
#meta #billion #zuckerberg #free
META commits $130-145B in 2026 capex chasing AI leaders it trails, with much of that spending cycling back to NVDA for chip purchases.
Don't wait: the ***** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
As Mark Zuckerberg keeps steering Meta (NASDAQ: META) in the wrong direction, his net worth keeps falling. It is down $25 billion this year and is still dropping, to $209 billion. That puts him barely ahead of Michael Dell, who is at $204 billion.
Zuckerberg can blame the entire drop on his decision to march Meta into AI competition with companies that include OpenAI, Anthropic, and Alphabet (NASDAQ: GOOG), which are well ahead. Based on all evidence, Meta won't catch up. Its earnings made it clear he continues to double down on AI anyway. That showed up in earnings.
#meta #billion #zuckerberg #free
3 days ago
By Sam Tabahriti
LONDON, July 29 (Reuters) - Apple said on Wednesday that proposed UK rules governing its App Store would amount to price regulation, arguing that plans to loosen its control over in-app payments could undermine innovation and investment.
In a submission to Britain's Competition and Markets Authority, the iPhone maker said proposed "steering" requirements would go beyond promoting competition and give the regulator a "highly intrusive" role in managing its business.
The CMA's consultation, which closed on Monday, is part of its efforts to boost competition and consumer choice. Its proposed measures would allow app developers to direct users to payment options outside Apple's App Store and Google's Play Store and require any fees charged for such steering to be fair and reasonable.
A CMA spokesperson rejected Apple's characterisation of the proposals as price regulation.
#price #steering #july #reuters
LONDON, July 29 (Reuters) - Apple said on Wednesday that proposed UK rules governing its App Store would amount to price regulation, arguing that plans to loosen its control over in-app payments could undermine innovation and investment.
In a submission to Britain's Competition and Markets Authority, the iPhone maker said proposed "steering" requirements would go beyond promoting competition and give the regulator a "highly intrusive" role in managing its business.
The CMA's consultation, which closed on Monday, is part of its efforts to boost competition and consumer choice. Its proposed measures would allow app developers to direct users to payment options outside Apple's App Store and Google's Play Store and require any fees charged for such steering to be fair and reasonable.
A CMA spokesperson rejected Apple's characterisation of the proposals as price regulation.
#price #steering #july #reuters
4 days ago
Dr. Anthony Fauci ran point as the COVID-19 explainer-in-chief under two different administrations, steering policy and messaging on the virus that rattled the country and world for years.
But there is one thing in all of his media appearances, profiles, interviews and congressional hearings that Sen. Rand Paul, R-Ky., contended Fauci never said that he was sorry.
"I mean, I'd like to hear him say he's sorry," Paul said. "Can he say he is sorry for funding — the research was dangerous research in China? Almost everybody agrees with that."
Exclusive: Biden Pardon Won't Shield Fauci If He Lies To Congress, Comer Says
Dr. Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases, arrives to testify before the House Oversight and Accountability Committee Select Subcommittee on the Coronavirus Pandemic at the Rayburn House Office Building on June 3, 2024, in Washington, D.C.
#sorry #China
But there is one thing in all of his media appearances, profiles, interviews and congressional hearings that Sen. Rand Paul, R-Ky., contended Fauci never said that he was sorry.
"I mean, I'd like to hear him say he's sorry," Paul said. "Can he say he is sorry for funding — the research was dangerous research in China? Almost everybody agrees with that."
Exclusive: Biden Pardon Won't Shield Fauci If He Lies To Congress, Comer Says
Dr. Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases, arrives to testify before the House Oversight and Accountability Committee Select Subcommittee on the Coronavirus Pandemic at the Rayburn House Office Building on June 3, 2024, in Washington, D.C.
#sorry #China
4 days ago
By Sam Tabahriti
LONDON, July 29 (Reuters) - Apple said on Wednesday that proposed UK rules governing its App Store would amount to price regulation, arguing that plans to loosen its control over in-app payments could undermine innovation and investment.
In a submission to Britain's Competition and Markets Authority, the iPhone maker said proposed "steering" requirements would go beyond promoting competition and give the regulator a "highly intrusive" role in managing its business.
The CMA's consultation, which closed on Monday, is part of its efforts to boost competition and consumer choice. Its proposed measures would allow app developers to direct users to payment options outside Apple's App Store and Google's Play Store and require any fees charged for such steering to be fair and reasonable.
Apple said the App Store facilitated more than £46.5 billion ($61.8 billion) in UK billings and sales in 2025, with commissions accounting for less than 3.5% of the total. It added that there was no evidence changes to its payment model would lower prices for consumers.
#store #proposed
LONDON, July 29 (Reuters) - Apple said on Wednesday that proposed UK rules governing its App Store would amount to price regulation, arguing that plans to loosen its control over in-app payments could undermine innovation and investment.
In a submission to Britain's Competition and Markets Authority, the iPhone maker said proposed "steering" requirements would go beyond promoting competition and give the regulator a "highly intrusive" role in managing its business.
The CMA's consultation, which closed on Monday, is part of its efforts to boost competition and consumer choice. Its proposed measures would allow app developers to direct users to payment options outside Apple's App Store and Google's Play Store and require any fees charged for such steering to be fair and reasonable.
Apple said the App Store facilitated more than £46.5 billion ($61.8 billion) in UK billings and sales in 2025, with commissions accounting for less than 3.5% of the total. It added that there was no evidence changes to its payment model would lower prices for consumers.
#store #proposed
4 days ago
Manchester City will embark on their first season without Pep Guardiola as manager for over a decade, as incoming boss Enzo Maresca prepares to take on the role.
The Italian head coach becomes just City's fourth manager in more than two decades following Guardiola, Manuel Pellegrini, and Roberto Mancini, and embarking on his third stay at the Etihad Stadium.
After spells within the club's Academy system, before departing to take on a head coach role in Italian football and returning to become Guardiola's **** istant in the 2022/23 season, Enzo Maresca has now been tasked with steering the club into a new era.
Among the early challenges is the summer transfer window and how best to tackle the exits of Bernardo Silva, John Stones, Nathan Ake, and possibly more including Rodri, as well as identifying the necessary stars to bolster his playing squad.
Now, ahead of the start of the 2026/27 season, here are all of the key dates you need to know and make a note of for a big season in the history of Manchester City!
#manchester
The Italian head coach becomes just City's fourth manager in more than two decades following Guardiola, Manuel Pellegrini, and Roberto Mancini, and embarking on his third stay at the Etihad Stadium.
After spells within the club's Academy system, before departing to take on a head coach role in Italian football and returning to become Guardiola's **** istant in the 2022/23 season, Enzo Maresca has now been tasked with steering the club into a new era.
Among the early challenges is the summer transfer window and how best to tackle the exits of Bernardo Silva, John Stones, Nathan Ake, and possibly more including Rodri, as well as identifying the necessary stars to bolster his playing squad.
Now, ahead of the start of the 2026/27 season, here are all of the key dates you need to know and make a note of for a big season in the history of Manchester City!
#manchester
5 days ago
Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, the role AI is playing in it. To get this in your inbox, sign up here for free — just click TechCrunch Mobility!
Tesla kicked off earnings season — at least for this sector — and the shareholder letter, along with Elon Musk's remarks during the conference call, provided some pretty incredible disclosures I imagine have some investors concerned, or at least puzzled.
Tesla has backed off previous promises to reach "volume production" of the Cybercab, Tesla Semi, and Megapack 3 in 2026. And while the company has publicly touted expansions of its Tesla Robotaxi service into new cities in Florida and Texas, the quarter-over-quarter data shows a drop in paid robotaxi miles.
Senior reporter Sean O'Kane took a closer look at a graph shared in Tesla's shareholder letter. At a passing glance, the chart appears to show steady growth in paid robotaxi rides between August 2025 and June 2026, O'Kane notes. But the numbers displayed are **** ulative, and when broken down by quarter, they show that Tesla's Robotaxi fleet of Model Y SUVs carrying paying passengers covered around 1.1 million miles in the first quarter. That fell to roughly 700,000 miles in the second quarter, a decline of about 36%.
Musk also disclosed during the call that Tesla needs to accumulate driving data specific to the Cybercab before it can put large numbers of the vehicles on the road. That isn't terribly surprising; the Cybercab is new, after all. But the reason got my attention. He explained that Tesla has to accumulate miles using Cybercabs retrofitted with steering wheels and accelerator and braking pedals so it can calibrate to the Cybercab chassis.
#robotaxi
Tesla kicked off earnings season — at least for this sector — and the shareholder letter, along with Elon Musk's remarks during the conference call, provided some pretty incredible disclosures I imagine have some investors concerned, or at least puzzled.
Tesla has backed off previous promises to reach "volume production" of the Cybercab, Tesla Semi, and Megapack 3 in 2026. And while the company has publicly touted expansions of its Tesla Robotaxi service into new cities in Florida and Texas, the quarter-over-quarter data shows a drop in paid robotaxi miles.
Senior reporter Sean O'Kane took a closer look at a graph shared in Tesla's shareholder letter. At a passing glance, the chart appears to show steady growth in paid robotaxi rides between August 2025 and June 2026, O'Kane notes. But the numbers displayed are **** ulative, and when broken down by quarter, they show that Tesla's Robotaxi fleet of Model Y SUVs carrying paying passengers covered around 1.1 million miles in the first quarter. That fell to roughly 700,000 miles in the second quarter, a decline of about 36%.
Musk also disclosed during the call that Tesla needs to accumulate driving data specific to the Cybercab before it can put large numbers of the vehicles on the road. That isn't terribly surprising; the Cybercab is new, after all. But the reason got my attention. He explained that Tesla has to accumulate miles using Cybercabs retrofitted with steering wheels and accelerator and braking pedals so it can calibrate to the Cybercab chassis.
#robotaxi
8 days ago
Call it a B-spec, call it a heavily revised AMR26, call it whatever you want – what Aston Martin rolled out at the Hungaroring for the 2026 Hungarian Grand Prix is, by any reasonable engineering standard, a new Formula 1 car. Sixteen separate components were declared upgraded, mechanics broke FIA curfew to get both cars fitted in time, and the team reportedly flew spare parts to Budapest just to guarantee Fernando Alonso and Lance Stroll could each run the full package. That is not a development update. That is a rebuild.
The backstory is by now well-documented and not particularly flattering. Adrian Newey didn't get serious work underway on the AMR26 until mid-March 2025, and the wind tunnel didn't see a model until mid-April – three months behind rivals who were already deep into the new regulatory cycle. The car that arrived at pre-season testing in Barcelona was overweight, paddock insiders estimated by somewhere between 10 and 15 kilograms, maybe more, and the Honda power unit was generating vibrations severe enough to rattle onboard cameras loose and leave Alonso and Stroll visibly fighting the steering wheel.
At the Australian opener, Alonso qualified 2.462 seconds off the pace. Both cars retired when the vibrations damaged the battery systems. It went largely sideways from there – one point across the opening ten rounds, tenth of eleven teams in the constructors' standings, behind only the expansion Cadillac outfit.
The nose is the clearest sign of how deep the changes go. Where the original AMR26 carried a wide, blunt front structure, the Hungary version features a noticeably thinner, more tapered profile – the kind of slender nose Newey has favoured since his early Red Bull years. That change alone cascades through the entire front end: new uprights, revised aerodynamic ducting, changed actuator mounting, and a completely reworked front wing with reshaped endplates. Per Newey, the forward section of the chassis was lightened to the point that it required a full re-homologation and fresh crash testing – which, depending on your definition, crosses the threshold from upgrade to new car.
Newey himself occupies both sides of that argument simultaneously. "The main structural elements remain the same – the chassis and gearbox architecture don't fundamentally change – but we've taken weight out of both, which required re-homologating and crash testing the forward chassis," he said. So: same architecture, new crash test. Make of that what you will.
#call #stroll
The backstory is by now well-documented and not particularly flattering. Adrian Newey didn't get serious work underway on the AMR26 until mid-March 2025, and the wind tunnel didn't see a model until mid-April – three months behind rivals who were already deep into the new regulatory cycle. The car that arrived at pre-season testing in Barcelona was overweight, paddock insiders estimated by somewhere between 10 and 15 kilograms, maybe more, and the Honda power unit was generating vibrations severe enough to rattle onboard cameras loose and leave Alonso and Stroll visibly fighting the steering wheel.
At the Australian opener, Alonso qualified 2.462 seconds off the pace. Both cars retired when the vibrations damaged the battery systems. It went largely sideways from there – one point across the opening ten rounds, tenth of eleven teams in the constructors' standings, behind only the expansion Cadillac outfit.
The nose is the clearest sign of how deep the changes go. Where the original AMR26 carried a wide, blunt front structure, the Hungary version features a noticeably thinner, more tapered profile – the kind of slender nose Newey has favoured since his early Red Bull years. That change alone cascades through the entire front end: new uprights, revised aerodynamic ducting, changed actuator mounting, and a completely reworked front wing with reshaped endplates. Per Newey, the forward section of the chassis was lightened to the point that it required a full re-homologation and fresh crash testing – which, depending on your definition, crosses the threshold from upgrade to new car.
Newey himself occupies both sides of that argument simultaneously. "The main structural elements remain the same – the chassis and gearbox architecture don't fundamentally change – but we've taken weight out of both, which required re-homologating and crash testing the forward chassis," he said. So: same architecture, new crash test. Make of that what you will.
#call #stroll
10 days ago
INDIANAPOLIS — Five-time Brickyard 400 winner Jeff Gordon has returned to one of the most important places in his racing life — this time as the centerpiece of history.
The Indianapolis Motor Speedway Museum has opened "Jeff Gordon," its newest rotating exhibition, marking the first time the museum has dedicated an entire exhibit to a single NASCAR driver. The exhibit traces Gordon's journey from quarter midgets and sprint cars to becoming a four-time NASCAR Cup Series champion and the winningest driver in Brickyard 400 history.
"It's more than a dream come true," Gordon said. "You just hope as a young kid who becomes a race car driver that you get to do it professionally, that you can have success doing it professionally, and do it as long as possible and stay healthy doing it. I got to do that and a whole lot more."
Open through February, the exhibit features 13 race cars spanning every stage of Gordon's career, more than 70 helmets and never-before-displayed artifacts, including his first bicycle racing trophy, the first Jeff Gordon T-shirt, the firesuit from his first sprint car victory and the Williams Formula One steering wheel he used during his 2003 seat swap with Juan Pablo Montoya at IMS.
"I look at this room and walk through the timeline, and that's what comes back is just all the dreams and the hard work and everything paying off," Gordon said.
#gordon #time #indianapolis #nascar
The Indianapolis Motor Speedway Museum has opened "Jeff Gordon," its newest rotating exhibition, marking the first time the museum has dedicated an entire exhibit to a single NASCAR driver. The exhibit traces Gordon's journey from quarter midgets and sprint cars to becoming a four-time NASCAR Cup Series champion and the winningest driver in Brickyard 400 history.
"It's more than a dream come true," Gordon said. "You just hope as a young kid who becomes a race car driver that you get to do it professionally, that you can have success doing it professionally, and do it as long as possible and stay healthy doing it. I got to do that and a whole lot more."
Open through February, the exhibit features 13 race cars spanning every stage of Gordon's career, more than 70 helmets and never-before-displayed artifacts, including his first bicycle racing trophy, the first Jeff Gordon T-shirt, the firesuit from his first sprint car victory and the Williams Formula One steering wheel he used during his 2003 seat swap with Juan Pablo Montoya at IMS.
"I look at this room and walk through the timeline, and that's what comes back is just all the dreams and the hard work and everything paying off," Gordon said.
#gordon #time #indianapolis #nascar
20 days ago
World Cup drama reached new heights as England and Argentina booked their places in the semi-finals, though not without controversy.
The latest flashpoints only added to the growing debate over refereeing decisions that has followed this tournament from the outset, and there's no time to catch your breath.
England clinched a dramatic 2-1 extra-time win over Norway in the quarter-final, coming from behind to set up a heavyweight semi-final tie against reigning champions Argentina.
Jude Bellingham was the architect of England's comeback. After scoring a brilliant equaliser on the stroke of half-time, the Real Madrid midfielder pounced on Orjan Nyland's error to send the Vikings home.
Despite steering the Three Lions within distance of their first World Cup triumph since 1966, Thomas Tuchel was not happy with his side's performance at Miami's Hard Rock Stadium.
The latest flashpoints only added to the growing debate over refereeing decisions that has followed this tournament from the outset, and there's no time to catch your breath.
England clinched a dramatic 2-1 extra-time win over Norway in the quarter-final, coming from behind to set up a heavyweight semi-final tie against reigning champions Argentina.
Jude Bellingham was the architect of England's comeback. After scoring a brilliant equaliser on the stroke of half-time, the Real Madrid midfielder pounced on Orjan Nyland's error to send the Vikings home.
Despite steering the Three Lions within distance of their first World Cup triumph since 1966, Thomas Tuchel was not happy with his side's performance at Miami's Hard Rock Stadium.
21 days ago
UL Solutions Inc. (NYSE:ULS) is one of the best up and coming stocks to invest in right now. On June 24, UL Solutions announced the opening of a new automotive electromagnetic compatibility laboratory in Toyota City, ******* an. This facility, which began operations on July 1, is designed to support the development of increasingly complex vehicle technologies in a major global automotive hub.
The laboratory provides critical EMC testing to help manufacturers ensure that vehicle electronics, such as braking and steering systems, remain protected from electromagnetic interference. As the automotive industry shifts toward autonomous and software-defined vehicles, this center offers specialized capabilities for high-voltage, high-current, and high-performance testing.
Located in ******* an's Tokai region, the facility strengthens UL Solutions Inc.'s (NYSE:ULS) global footprint and provides automakers with faster access to advanced testing expertise. By helping manufacturers meet global compliance standards, the lab aims to reduce malfunction risks and accelerate the market entry of next-generation automotive technologies.
UL Solutions Inc. (NYSE:ULS) is a global leader in applied safety science. It provides testing, inspection, and certification services, along with software and advisory solutions, to help businesses in over 110 countries manage regulatory compliance and product innovation.
While we acknowledge the risk and potential of ULS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ULS and that has 10,000% upside potential, check out our report about the cheapest AI stock.
The laboratory provides critical EMC testing to help manufacturers ensure that vehicle electronics, such as braking and steering systems, remain protected from electromagnetic interference. As the automotive industry shifts toward autonomous and software-defined vehicles, this center offers specialized capabilities for high-voltage, high-current, and high-performance testing.
Located in ******* an's Tokai region, the facility strengthens UL Solutions Inc.'s (NYSE:ULS) global footprint and provides automakers with faster access to advanced testing expertise. By helping manufacturers meet global compliance standards, the lab aims to reduce malfunction risks and accelerate the market entry of next-generation automotive technologies.
UL Solutions Inc. (NYSE:ULS) is a global leader in applied safety science. It provides testing, inspection, and certification services, along with software and advisory solutions, to help businesses in over 110 countries manage regulatory compliance and product innovation.
While we acknowledge the risk and potential of ULS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ULS and that has 10,000% upside potential, check out our report about the cheapest AI stock.
23 days ago
July 9 (Reuters) - Anthropic said on Thursday it has appointed former U.S. Federal Reserve chair Ben Bernanke to its Long-Term Benefit Trust, an oversight body responsible for ensuring the AI startup remains committed to its public mission.
A ******* el laureate in economic sciences, Bernanke led the Fed from 2006 to 2014, steering the central bank through the 2008 financial crisis.
"The potential of artificial intelligence is enormous, and so is the range of outcomes. How that potential plays out will depend, in part, on the institutions we build around it," Bernanke said in a statement.
Anthropic's Long-Term Benefit Trust is an independent body whose members are selected for their diverse expertise and have no financial stake in the startup.
The company operates as a public benefit corporation, aiming to balance commercial success with social and public benefit.
A ******* el laureate in economic sciences, Bernanke led the Fed from 2006 to 2014, steering the central bank through the 2008 financial crisis.
"The potential of artificial intelligence is enormous, and so is the range of outcomes. How that potential plays out will depend, in part, on the institutions we build around it," Bernanke said in a statement.
Anthropic's Long-Term Benefit Trust is an independent body whose members are selected for their diverse expertise and have no financial stake in the startup.
The company operates as a public benefit corporation, aiming to balance commercial success with social and public benefit.
27 days ago
David Coulthard believes that George Russell will leave the British Grand Prix feeling like he "got away with it", as his Mercedes team-mate Kimi Antonelli continues to extract a level of performance that the Briton is currently struggling to match.
Russell secured his first-ever podium finish at his home grand prix at Silverstone on Sunday. But the milestone result did not truly represent where the 28-year-old is pace-wise in comparison to his team-mate.
Antonelli, who currently holds a 25-point lead in the drivers' championship, was charging through the field on a 10-lap tyre offset strategy. The Italian was reeling in the leaders, lapping up to 2.5 seconds quicker than eventual race winner Charles Leclerc, before he ran into issues with the Mercedes.
A bizarre mechanical failure, in which a detached front-right wheel shield prevented him from steering, left Antonelli struggling to keep the car on track. He continued in the race but finished 15th after a track limits penalty.
Speaking on the Up To Speed podcast, Coulthard suggested that Russell is aware of his current performance deficit to his teenage team-mate.
Russell secured his first-ever podium finish at his home grand prix at Silverstone on Sunday. But the milestone result did not truly represent where the 28-year-old is pace-wise in comparison to his team-mate.
Antonelli, who currently holds a 25-point lead in the drivers' championship, was charging through the field on a 10-lap tyre offset strategy. The Italian was reeling in the leaders, lapping up to 2.5 seconds quicker than eventual race winner Charles Leclerc, before he ran into issues with the Mercedes.
A bizarre mechanical failure, in which a detached front-right wheel shield prevented him from steering, left Antonelli struggling to keep the car on track. He continued in the race but finished 15th after a track limits penalty.
Speaking on the Up To Speed podcast, Coulthard suggested that Russell is aware of his current performance deficit to his teenage team-mate.
30 days ago
At least 32 people were killed and 16 others injured after an overcrowded passenger bus plunged into a ravine in south-western Pakistan.
The bus was travelling from Quetta to Peshawar, when it crashed in the Dana Sar mountain range, on the border between Balochistan and Khyber Pakhtunkhwa provinces, at about 08:00 local time (03:00 GMT) on Friday.
A government official at Zhob Hospital told BBC News that a total of 48 people, including a number of women and children, had been on board when the accident happened.
The cause of the crash is under investigation, but preliminary reports suggest a steering fault may have led the driver to lose control before skidding off the mountain range.
Photographs from the scene showed the badly damaged bus following its plunge to the bottom of the ravine.
The bus was travelling from Quetta to Peshawar, when it crashed in the Dana Sar mountain range, on the border between Balochistan and Khyber Pakhtunkhwa provinces, at about 08:00 local time (03:00 GMT) on Friday.
A government official at Zhob Hospital told BBC News that a total of 48 people, including a number of women and children, had been on board when the accident happened.
The cause of the crash is under investigation, but preliminary reports suggest a steering fault may have led the driver to lose control before skidding off the mountain range.
Photographs from the scene showed the badly damaged bus following its plunge to the bottom of the ravine.
1 month ago
By Sam Tabahriti
LONDON, June 30 (Reuters) - Britain's competition regulator on Tuesday proposed allowing app developers to steer users to alternative payment options outside Apple and Alphabet's Google app stores to cut fees and boost competition.
The Competition and Markets Authority said the proposals would remove restrictions that currently prevent UK developers from directing users to off-platform payment options, which are banned by Apple and restricted by Google.
The watchdog said any fees charged by two of the world's largest technology companies for allowing such "steering" would need to be fair and reasonable, and should be lower than current app store commissions, with savings passed on to consumers or reinvested in innovation.
"While it is only fair for Apple and Google to be compensated for the services they provide, any fees they charge must be justified through a robust, evidence-led framework involving due reference to both cost and value," Will Hayter, executive director for digital markets, is expected to say later on Tuesday, according to an excerpt of his speech.
LONDON, June 30 (Reuters) - Britain's competition regulator on Tuesday proposed allowing app developers to steer users to alternative payment options outside Apple and Alphabet's Google app stores to cut fees and boost competition.
The Competition and Markets Authority said the proposals would remove restrictions that currently prevent UK developers from directing users to off-platform payment options, which are banned by Apple and restricted by Google.
The watchdog said any fees charged by two of the world's largest technology companies for allowing such "steering" would need to be fair and reasonable, and should be lower than current app store commissions, with savings passed on to consumers or reinvested in innovation.
"While it is only fair for Apple and Google to be compensated for the services they provide, any fees they charge must be justified through a robust, evidence-led framework involving due reference to both cost and value," Will Hayter, executive director for digital markets, is expected to say later on Tuesday, according to an excerpt of his speech.
1 month ago
For the second time this year, Shane van Gisbergen is back in Victory Lane as a NASCAR Cup Series race winner. SVG now joins Denny Hamlin, Tyler Reddick, and Chase Elliott as the only drivers to win multiple races this year.
Sunday's win was also the eighth of his career, which ties him with Tony Stewart for second on the all-time road course wins list.
Chase Briscoe finished second, just 0.357s back of Van Gisbergen. Pole-sitter Ty Gibbs won both Stage 1 and Stage 2, before going on to finish third.
SVG's rookie Trackhouse teammate Connor Zilisch earned his career-best finish, placing seventh.
All 36 started finished the race, with Tyler Reddick finishing last, four laps down after a power steering issue. The result cost him the championship lead, now one point back of Denny Hamlin.
Sunday's win was also the eighth of his career, which ties him with Tony Stewart for second on the all-time road course wins list.
Chase Briscoe finished second, just 0.357s back of Van Gisbergen. Pole-sitter Ty Gibbs won both Stage 1 and Stage 2, before going on to finish third.
SVG's rookie Trackhouse teammate Connor Zilisch earned his career-best finish, placing seventh.
All 36 started finished the race, with Tyler Reddick finishing last, four laps down after a power steering issue. The result cost him the championship lead, now one point back of Denny Hamlin.
1 month ago
The top seed in the NASCAR in-season challenge tournament was eliminated in the first round at Sonoma Raceway.
Top-seed Tyler Reddick (36th after power-steering issues) lost his first-round matchup to 32-seed Alex Bowman (10th-place finish).
Denny Hamlin survived a spin and splitter damage to win over Ty Dillon in the 2-31 matchup.
Reddick and Daniel Suarez were the only drivers among the top-10 seeds to be eliminated in the first round.
Here's the NASCAR in-season tournament challenge results through Round 1:
Top-seed Tyler Reddick (36th after power-steering issues) lost his first-round matchup to 32-seed Alex Bowman (10th-place finish).
Denny Hamlin survived a spin and splitter damage to win over Ty Dillon in the 2-31 matchup.
Reddick and Daniel Suarez were the only drivers among the top-10 seeds to be eliminated in the first round.
Here's the NASCAR in-season tournament challenge results through Round 1:
1 month ago
The top seed in the NASCAR in-season challenge tournament was eliminated in the first round at Sonoma Raceway.
Top-seed Tyler Reddick (36th after power-steering issues) lost his first-round matchup to 32-seed Alex Bowman (10th-place finish).
Denny Hamlin survived a spin and splitter damage to win over Ty Dillon in the 2-31 matchup.
Reddick and Daniel Suarez were the only drivers among the top-10 seeds to be eliminated in the first round.
Here's the NASCAR in-season tournament challenge results through Round 1:
Top-seed Tyler Reddick (36th after power-steering issues) lost his first-round matchup to 32-seed Alex Bowman (10th-place finish).
Denny Hamlin survived a spin and splitter damage to win over Ty Dillon in the 2-31 matchup.
Reddick and Daniel Suarez were the only drivers among the top-10 seeds to be eliminated in the first round.
Here's the NASCAR in-season tournament challenge results through Round 1:
1 month ago
George Russell picked up his second win of the season and second career win at the Red Bull Ring as he earned victory at the Austrian Grand Prix on Sunday.
Russell's win meant he bridged the gap to team-mate and championship leader Kimi Antonelli to 40 points.
It was the British driver's second win in 2026 having previously won the season-opening race in Australia before Antonelli then won five consecutive races to take control in the championship.
Lewis Hamilton, race winner in Barcelona two weeks prior, had a disappointing display in his Ferrari, steering it to a fifth-placed finish despite the team bringing an upgraded car to Austria.
Here are my ratings for how the drivers performed across the whole weekend in Spielberg.
Russell's win meant he bridged the gap to team-mate and championship leader Kimi Antonelli to 40 points.
It was the British driver's second win in 2026 having previously won the season-opening race in Australia before Antonelli then won five consecutive races to take control in the championship.
Lewis Hamilton, race winner in Barcelona two weeks prior, had a disappointing display in his Ferrari, steering it to a fifth-placed finish despite the team bringing an upgraded car to Austria.
Here are my ratings for how the drivers performed across the whole weekend in Spielberg.
1 month ago
The Knicks finally broke a 53-year ****** le drought last season, and the buzz around the team hasn’t slowed down one bit since. As they head into the 2026 offseason, they’re in a spot most franchises only dream about.
The NBA’s salary cap system is designed to stop teams from simply buying their way to dominance by adding superstar after superstar. New York has no intention of going over that line for now, even if it limits what they can do.
Dolan’s recent comments about steering clear of the second apron got the league talking. On its face it sounds strange. Why wouldn’t a defending champ just spend whatever it takes to keep the band together?
The answer is buried in the NBA’s new collective bargaining agreement. The second apron is way more than another luxury tax line. It’s basically a roster-building penalty box.
Teams that cross it lose a ton of flexibility in free agency and trades, with restrictions on combining salaries, limits on how they can add players, and long-term hits to their future draft picks. So this was never really about writing bigger checks. It’s about handcuffing yourself for years, and Dolan doesn’t seem willing to do that.
The NBA’s salary cap system is designed to stop teams from simply buying their way to dominance by adding superstar after superstar. New York has no intention of going over that line for now, even if it limits what they can do.
Dolan’s recent comments about steering clear of the second apron got the league talking. On its face it sounds strange. Why wouldn’t a defending champ just spend whatever it takes to keep the band together?
The answer is buried in the NBA’s new collective bargaining agreement. The second apron is way more than another luxury tax line. It’s basically a roster-building penalty box.
Teams that cross it lose a ton of flexibility in free agency and trades, with restrictions on combining salaries, limits on how they can add players, and long-term hits to their future draft picks. So this was never really about writing bigger checks. It’s about handcuffing yourself for years, and Dolan doesn’t seem willing to do that.
1 month ago
June 19 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Friday that a week should be enough for Belarusian leader Alexander Lukashenko to remove equipment from his country used by Russia in its attacks on Ukraine, adding a threat of Ukrainian action if Lukashenko did not do so.
Zelenskiy said signal relay stations were located in two Belarusian regions bordering Ukraine that were used by Russian forces to help with steering during attacks on Ukrainian civilians. Reuters could not verify his claims independently.
"What's the point of saying he (Lukashenko) doesn't want to be in the war? Let him remove this equipment, let him switch it off. I think a week will be enough for him to do that," Zelenskiy told a news conference in Kyiv.
"If he doesn't do it, we'll do it," he said, without elaborating.
Zelenskiy also alluded to Belarus's oil refining industry, saying it had become a major supplier for Moscow and that Lukashenko could put a stop to it.
Zelenskiy said signal relay stations were located in two Belarusian regions bordering Ukraine that were used by Russian forces to help with steering during attacks on Ukrainian civilians. Reuters could not verify his claims independently.
"What's the point of saying he (Lukashenko) doesn't want to be in the war? Let him remove this equipment, let him switch it off. I think a week will be enough for him to do that," Zelenskiy told a news conference in Kyiv.
"If he doesn't do it, we'll do it," he said, without elaborating.
Zelenskiy also alluded to Belarus's oil refining industry, saying it had become a major supplier for Moscow and that Lukashenko could put a stop to it.
2 months ago
NEW YORK (AP) — When ******* eX makes its debut on the U.S. stock market, it wants smaller-pocketed, mom-and-pop investors to play a big role in what may be the biggest IPO ever.
Elon Musk’s rocket company, formally known as ******* e Exploration Technologies Corp., is steering some of its initial public offering of stock directly to what are called “retail” investors. These are people who buy stocks in a brokerage account on their phone, not pension funds or other big “institutional” investors routing orders to their professional trading desks.
Here are some things to keep in mind as the IPO approaches:
Most IPOs offer only 5% to 10% of the total offering to retail investors, according to Fidelity. In this case, though, it could be up to 30%. ******* eX expects retail investors to participate in its IPO through Charles Schwab, Fidelity, Robinhood, SoFi and E-Trade by Morgan Stanley.
At Fidelity, investors with as little as $2,000 in their accounts could potentially snag ******* eX shares in the IPO. That’s down from account minimums of $100,000 or even $500,000 that Fidelity has for other equity offerings.
Elon Musk’s rocket company, formally known as ******* e Exploration Technologies Corp., is steering some of its initial public offering of stock directly to what are called “retail” investors. These are people who buy stocks in a brokerage account on their phone, not pension funds or other big “institutional” investors routing orders to their professional trading desks.
Here are some things to keep in mind as the IPO approaches:
Most IPOs offer only 5% to 10% of the total offering to retail investors, according to Fidelity. In this case, though, it could be up to 30%. ******* eX expects retail investors to participate in its IPO through Charles Schwab, Fidelity, Robinhood, SoFi and E-Trade by Morgan Stanley.
At Fidelity, investors with as little as $2,000 in their accounts could potentially snag ******* eX shares in the IPO. That’s down from account minimums of $100,000 or even $500,000 that Fidelity has for other equity offerings.
2 months ago
June 6 (UPI) -- Paralyzing tension stuffed T-Mobile Arena on Saturday, as the Vegas Golden Knights weathered a chaotic comeback and beat the Carolina Hurricanes 5-4 in double overtime in Game 3 of the Stanley Cup Final.
The typically stingy Hurricanes held the Golden Knights to just two shots in a scoreless first period at T-Mobile Arena. Forward Mitch Marner then scored the fastest hat trick in Stanley Cup Final history in the second, steering the home team in firm control. But the visitors surged for four fourth-period scores to force overtime.
A lucky bounce for the Golden Knights ended Game 3, as a Shea Theodore shot ricocheted off a wall and net minder Brandon Bussi's pad and landed in the goal for the game-winner in the second bonus period.
"We just let our foot off the gas," Theodore said on the ABC broadcast. "I think we have to be sharper in the third, but I like the resiliency of the group."
With the win, the Golden Knights took a 2-1 lead in the best-of-seven game series. They will host Game 4 on Tuesday at home.
The typically stingy Hurricanes held the Golden Knights to just two shots in a scoreless first period at T-Mobile Arena. Forward Mitch Marner then scored the fastest hat trick in Stanley Cup Final history in the second, steering the home team in firm control. But the visitors surged for four fourth-period scores to force overtime.
A lucky bounce for the Golden Knights ended Game 3, as a Shea Theodore shot ricocheted off a wall and net minder Brandon Bussi's pad and landed in the goal for the game-winner in the second bonus period.
"We just let our foot off the gas," Theodore said on the ABC broadcast. "I think we have to be sharper in the third, but I like the resiliency of the group."
With the win, the Golden Knights took a 2-1 lead in the best-of-seven game series. They will host Game 4 on Tuesday at home.
2 months ago
New York Giants legend Eli Manning was adept when it came to steering clear of controversy on and off the field. He always took the high road, never said a word out of line, and rarely let the public know his feelings or proclivities about personal subjects such as religion and politics.
That can't be said for the current Giants quarterback, Jaxson Dart, who recently created a tempest in a teacup by introducing President Donald Trump at a political rally in Rockland County. Some of Dart's teammates, fans, and the media took umbrage at Dart's decision to do that.
That can't be said for the current Giants quarterback, Jaxson Dart, who recently created a tempest in a teacup by introducing President Donald Trump at a political rally in Rockland County. Some of Dart's teammates, fans, and the media took umbrage at Dart's decision to do that.
2 months ago
The Board of Control for Cricket in India (BCCI) has officially announced India's men's cricket squad for the 2026 Asian Games in ****** an, with Shreyas Iyer set to lead the side and teenage sensation Vaibhav Sooryavanshi earning a maiden call-up to the senior national T20 setup.
The squad marks the beginning of a new chapter in India's white-ball plans, with Iyer replacing Suryakumar Yadav as captain. The decision continues the selectors' recent push towards building a wider leadership pool ahead of ICC T20 World Cup 2028.
The biggest talking point, however, is the inclusion of 15-year-old batting prodigy Vaibhav Sooryavanshi. The Rajasthan Royals star has enjoyed a meteoric rise following a record-breaking IPL 2026 season and had been widely tipped for a national call-up.
Shreyas Iyer (Captain), Abhishek Sharma, Sanju Samson, Ishan Kishan, Shivam Dube, Tilak Varma (Vice-Captain), Nitish ****** ar Reddy, Axar Patel, Washington Sundar, Varun Chakravarthy, Ravi Bishnoi, Harshit Rana, Arshdeep Singh, Vaibhav Sooryavanshi, Jasprit ****** rah.
— BCCI (BCCI)
Iyer was picked for the home T20I series against New Zealand ahead of the T20 World Cup as a replacement for injured Tilak Varma, but didn’t get a chance to play. At 31, Iyer returns to the T20I fold not only as a batter but as India’s 15th captain in the shortest format, entrusted with steering the side into the next phase of its dominating journey.
It is also the second successive instance of an Indian captain being replaced soon after lifting an ICC trophy. In 2025, Rohit Sharma led India to the Champions Trophy triumph in March, but was replaced by Shubman Gill as the ODI captain before India toured Australia in October. For now, June 6 will be remembered as the day India signalled its intent for moving into the future by making Shreyas the T20I captain.
The cricket competition at the Asian Games will be held in ****** an between September 24 and October 3, 2026. India, along with Afghanistan, Bangladesh, Pakistan, Sri Lanka and hosts ****** an, received direct qualification for the men's event.
The squad marks the beginning of a new chapter in India's white-ball plans, with Iyer replacing Suryakumar Yadav as captain. The decision continues the selectors' recent push towards building a wider leadership pool ahead of ICC T20 World Cup 2028.
The biggest talking point, however, is the inclusion of 15-year-old batting prodigy Vaibhav Sooryavanshi. The Rajasthan Royals star has enjoyed a meteoric rise following a record-breaking IPL 2026 season and had been widely tipped for a national call-up.
Shreyas Iyer (Captain), Abhishek Sharma, Sanju Samson, Ishan Kishan, Shivam Dube, Tilak Varma (Vice-Captain), Nitish ****** ar Reddy, Axar Patel, Washington Sundar, Varun Chakravarthy, Ravi Bishnoi, Harshit Rana, Arshdeep Singh, Vaibhav Sooryavanshi, Jasprit ****** rah.
— BCCI (BCCI)
Iyer was picked for the home T20I series against New Zealand ahead of the T20 World Cup as a replacement for injured Tilak Varma, but didn’t get a chance to play. At 31, Iyer returns to the T20I fold not only as a batter but as India’s 15th captain in the shortest format, entrusted with steering the side into the next phase of its dominating journey.
It is also the second successive instance of an Indian captain being replaced soon after lifting an ICC trophy. In 2025, Rohit Sharma led India to the Champions Trophy triumph in March, but was replaced by Shubman Gill as the ODI captain before India toured Australia in October. For now, June 6 will be remembered as the day India signalled its intent for moving into the future by making Shreyas the T20I captain.
The cricket competition at the Asian Games will be held in ****** an between September 24 and October 3, 2026. India, along with Afghanistan, Bangladesh, Pakistan, Sri Lanka and hosts ****** an, received direct qualification for the men's event.
2 months ago
For the fifth year in a row, the Atlanta Falcons could enter the season with a new starting quarterback. The team is having an open competition between Michael Penix Jr. and veteran Tua Tagovailoa for the QB1 job.
Tagovailoa seems to have the early advantage being the healthier of the two quarterbacks, and his veteran experience could help him secure the job. Nonetheless, the Falcons are going to make sure the best man wins the job.
The national media seems to be convinced that it's Tagovailoa's gig to lose, but that doesn't mean we won't see both quarterbacks in 2026. In fact, Tua was listed as one of Bleacher Report's eight quarterbacks who could be benched this season.
"Another significant injury would quickly open the door for Penix or Trevor Siemian, as would a stretch of poor play," wrote B/R's Kristopher Knox. "Atlanta doesn't have much invested in the former Miami Dolphins starter, and if Tagovailoa can't deliver a playoff run, the Falcons will give Penix another chance to prove he can be the long-term answer. Of course, if Tagovailoa and Penix both battle injuries and/or underwhelm, Siemian could end up steering the ship down the stretch while the Falcons eye that 2027 QB class."
Tagovailoa was benched late in the 2025 season by the Miami Dolphins, leading to his release over the offseason. The Falcons were able to land Tua for the veteran minimum, which was a savvy move that gives the team another starting-caliber QB without paying an arm and a leg (aka the Kirk Cousins contract).
Tagovailoa seems to have the early advantage being the healthier of the two quarterbacks, and his veteran experience could help him secure the job. Nonetheless, the Falcons are going to make sure the best man wins the job.
The national media seems to be convinced that it's Tagovailoa's gig to lose, but that doesn't mean we won't see both quarterbacks in 2026. In fact, Tua was listed as one of Bleacher Report's eight quarterbacks who could be benched this season.
"Another significant injury would quickly open the door for Penix or Trevor Siemian, as would a stretch of poor play," wrote B/R's Kristopher Knox. "Atlanta doesn't have much invested in the former Miami Dolphins starter, and if Tagovailoa can't deliver a playoff run, the Falcons will give Penix another chance to prove he can be the long-term answer. Of course, if Tagovailoa and Penix both battle injuries and/or underwhelm, Siemian could end up steering the ship down the stretch while the Falcons eye that 2027 QB class."
Tagovailoa was benched late in the 2025 season by the Miami Dolphins, leading to his release over the offseason. The Falcons were able to land Tua for the veteran minimum, which was a savvy move that gives the team another starting-caliber QB without paying an arm and a leg (aka the Kirk Cousins contract).
2 months ago
By Sinéad Carew
June 3 (Reuters) - Software stocks have rebounded from a punishing selloff as investors are betting that AI may boost the sector rather than leaving it for dead.
The iShares Expanded Tech-Software Sector ETF has surged nearly 42% from its April low, turning fears that AI would rip the heart out of the industry into hopes that software firms will enlist AI as a valuable ally. The software ETF is down under 2% for 2026 after earlier falling 30%.
Now investors are flocking to firms they see succeeding at integrating AI and adjusting price models by charging clients based on actual usage – while steering clear of firms that are too dependent on traditional pricing, which involves subscription fees based on headcount.
Analysts and portfolio managers point to security providers Datadog and Palo Alto Networks, chip design software developer Synopsys and giants Oracle and Microsoft as some of their favorites.
June 3 (Reuters) - Software stocks have rebounded from a punishing selloff as investors are betting that AI may boost the sector rather than leaving it for dead.
The iShares Expanded Tech-Software Sector ETF has surged nearly 42% from its April low, turning fears that AI would rip the heart out of the industry into hopes that software firms will enlist AI as a valuable ally. The software ETF is down under 2% for 2026 after earlier falling 30%.
Now investors are flocking to firms they see succeeding at integrating AI and adjusting price models by charging clients based on actual usage – while steering clear of firms that are too dependent on traditional pricing, which involves subscription fees based on headcount.
Analysts and portfolio managers point to security providers Datadog and Palo Alto Networks, chip design software developer Synopsys and giants Oracle and Microsoft as some of their favorites.
8 months ago
A version of this article originally appeared in Quartz’s Washington newsletter. Sign up here to get the latest business and economic news and insights from Washington straight to your inbox.
In August 2003, Federal Reserve Chair Alan Greenspan kicked off the annual Jackson Hole gathering for economic policymakers with a speech acknowledging the trickiness of steering the U.S. economy through interest rates.
“Uncertainty is not just an important feature of the monetary policy landscape, it is the defining characteristic of that landscape,” Greenspan said at the time. He described the Fed’s j
In August 2003, Federal Reserve Chair Alan Greenspan kicked off the annual Jackson Hole gathering for economic policymakers with a speech acknowledging the trickiness of steering the U.S. economy through interest rates.
“Uncertainty is not just an important feature of the monetary policy landscape, it is the defining characteristic of that landscape,” Greenspan said at the time. He described the Fed’s j
1 yr. ago
Republicans are steering clear of dramatic Medicaid cuts in their spending bill, instead opting for smaller changes backed by moderate and swing-state members.
1 yr. ago
Kohl's CEO fired for steering business to a person with whom he had a relationship, retailer says.
