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Business news

Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

Apple has accused a former engineer for its Vision Pro headset computer of stealing company trade secrets before starting a new job at...

Business news

Microsoft laying off about 9,000 employees in latest round of cuts

Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across...

Business news

Clean energy stocks fall as Trump bill would tax components from China, phase out credits

Clean energy stocks fell Monday as President Donald Trump’s spending legislation now includes a tax on wind and solar projects using Chinese components...

Business news

Lululemon sues Costco over selling alleged dupes

Love your Costco dupes? Lululemon is coming after them. Lululemon has filed a lawsuit against Costco, accusing the big box store of selling...

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Home Depot is buying GMS for about $4.3 billion as it chases more home pros

Home Depot said Monday that it is buying GMS, a building-products distributor, for about $4.3 billion as the retailer moves to draw more...

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Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

Google on Monday announced a partnership with Commonwealth Fusion Systems, or CFS, a private company spun off from the Massachusetts Institute of Technology,...

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Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

Apple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company avoid a fine...

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Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

The Tennis Channel is extending its deal with the Women’s Tennis Association that will see the cable TV network and streaming service continue...

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Divided Fed proposes rule to ease capital requirements for big Wall Street banks

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate, drawing dissent from...

Business news

Nvidia CEO Huang sells $15 million worth of stock, first sale of $873 million plan

Nvidia CEO Jensen Huang sold 100,000 shares of the chipmaker’s stock on Friday and Monday, according to a filing with the U.S. Securities...