Business news

Business

Spotify sued over alleged unpaid royalties

Music streaming giant Spotify has been sued in a US federal court for allegedly underpaying songwriters, composers and publishers by tens of millions of dollars.

Business

Self-driving auto companies have made advancements, but technology is still lacking, expert says

For many, it's an alluring proposition—imagine a world where humans no longer need to own a car and instead commute via robotaxi.

Business

Reddit gives OpenAI access to its wealth of posts

OpenAI will have access to Reddit data for training its artificial intelligence models and will put its technology to work on the popular discussion platform, the companies said Thursday.

Business

'Grand Theft Auto VI' release set for late 2025

Rockstar Games parent Take-Two Interactive on Thursday said the eagerly awaited video game "Grand Theft Auto VI" will be released in fall of 2025.

Business

GameStop shares soar as 'Roaring Kitty' returns

Shares in GameStop, the company at the center of the "meme stock" craze that throttled Wall Street in early 2021, soared Monday in a move that recalled the earlier speculative frenzy.

Business

Unionized US Apple store votes to authorize strike

Unionized workers at a Maryland Apple store voted on Saturday to authorize a strike, which would mark the first such labor action against the retailer in the United States if it goes forward.

Business

Microsoft, Amazon to invest billions in French tech

Microsoft on Sunday announced four billion euros in investment for developing data centers in France, joining fellow US giant Amazon in committing to the country's tech infrastructure.

Business

Boeing's problems rattle US aviation regulator as well

The US Federal Aviation Administration, sharply criticized after the crashes of two Boeing planes in 2018 and 2019, is again being dragged into a maelstrom surrounding the major American aerospace manufacturer.

Consumer & Gadgets

Amazon's new fees on sellers likened to 'kick in the gut'

Amazon.com Inc. merchants have found themselves caught in an economic vice. Earlier this year, the e-commerce giant rolled out changes to the fees its charges them—essentially shifting more of its operating costs onto the ...

Consumer & Gadgets

Apple apologizes for iPad 'Crush' ad after backlash

Apple apologized on Thursday after an ad for its latest-edition iPad caused an uproar for showing an industrial press crushing objects linked to human creativity, infuriating artists.

Business

Chip giant TSMC's April revenue jumps 60% on-year

Taiwanese chip giant TSMC said on Friday that April revenue jumped nearly 60 percent on-year, riding a huge wave of demand for the advanced semiconductors used in AI hardware.