Microsoft Xbox Price Increases: Microsoft announced a \(100 increase in the prices of their Xbox consoles, with game prices also rising to \)80, citing ‘market conditions’. The price changes affected Xbox Series S and Series X as well as some holiday games.
Kohl’s CEO Terminated: Kohl’s terminated CEO Ashley Buchanan for cause after an investigation found policy violations related to inappropriate vendor transactions, leading to a rise in the stock price.
US Tariff Concerns: GM faces a potential $5 billion tariff hit this year due to ongoing trade tensions. Reports indicate that tariffs are affecting consumer confidence and causing brands like Estée Lauder to struggle in certain markets.
Tech Stocks Rebound: Microsoft and Meta reported strong earnings, reassuring Wall Street amid wider tariff and economic concerns, with both stocks seeing notable surges.
Tesla Leadership Rumors: Tesla’s board reportedly considered a new CEO, though Elon Musk denies these claims. The company faces challenges from product sustainability to leadership speculation.
AI and Trade Restrictions: Nvidia and Anthropic have clashed publicly about US AI chip export controls to China, highlighting ongoing trade tensions and their impact on tech innovation.
Epic Games vs Apple: Epic Games launches webshops aimed at allowing developers to circumvent app store fees, following a legal ruling against Apple’s control over app purchasing policies.
Apple App Store Guidelines Update: Following legal challenges, Apple has updated its App Store guidelines, allowing apps to direct users to external payment methods for subscriptions and services.
Elon Musk’s Tech Ventures: Musk faces scrutiny over a $2.5 billion Fed building expansion project, all while defending his ventures like DOGE and planning a new community for SpaceX in Texas.
Ukraine-US Minerals Deal: The US has finalized a minerals deal with Ukraine, as part of broader geopolitical trade strategies, marking significant international trading collaborations.