Meta’s Threads will soon have search and web functions, Zuckerberg says
Meta’s Threads app will soon get a search function and be available to access via the web, as CEO Mark Zuckerberg tries to take on Twitter
SoftBank sues social media startup it invested in, alleging it faked user numbers
Buzzy social media startup IRL launched in April 2021 and was seemingly “one of the fastest growing social media apps for Generation Z,” the complaint alleges.
Apple shares fall most since September 2022 after third-quarter earnings report
Apple’s earnings beat soft expectations on both profit and revenue, but overall sales declined 1% as iPhone, iPad and Mac sales flagged.
JPMorgan backs off recession call even with ‘very elevated’ risks
Economists at the country’s largest bank bailed on their recession call, joining a growing chorus that now thinks a contraction is no longer inevitable.
Facing lawsuit from Musk, nonprofit head says he won’t stop exposing Twitter’s problems
The head of the Center for Countering Digital Hate said his nonprofit will continue researching alleged hate speech on Twitter despite a lawsuit from Musk.
Inflation takes center stage in the week ahead as Wall Street looks for more clues on Fed rate hikes
A Fitch downgrade weighed on investor sentiment this week, though it was offset by a better-than-expected July jobs report.
Amazon stock rallies after blowout quarter
Analysts cheered stabilizing AWS growth, improving retail margins and progress on cutting costs.
Apple, Samsung could be hit by India laptop and PC import restrictions
Laptops and tablets are among a handful of electronics that will require a license to be imported into India, according to a government notice.
No rate hikes or cuts — Commerzbank CFO says the European Central Bank has likely hit pause
The European Central Bank has likely pressed pause on its rate hiking cycle, the chief financial officer of Commerzbank told CNBC on Friday.
Huawei plots China smartphone revival with mobile operating system upgrade
Huawei launched its upgraded mobile operating system and an enhanced AI assistant on Friday.
