Apple Fights Addiction, and SpaceX's Zuma Payload Goes Missing
Apple responds to investor calls that it do something to prevent kids from getting addicted to iPhones. The tech giant saying it will roll out new features to help parents control what their kids see on their devices.
And SpaceX's first launch of the year may not have been as successful as hoped. The mysterious Zuma payload, commissioned but kept under wraps by the government, may have burned up and disappeared after separating from the Falcon 9 rocket.
Plus Democratic senators have enough support to force a floor vote on last month's net neutrality repeal. That could lead to a reversal of the controversial decision by the FCC, but there are still plenty of hurdles in the way.
And Samsung shares fell after the company issued guidance for the fourth quarter below analyst estimates. Still, the South Korean electronics giant sees record profit for the period.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Aurimas Sabulis, CEO of Dextall, unveils how AI‑driven prefabricated façades slash design time by 80%, labor by 87%, and accelerate affordable housing delivery.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
