Phil Schiller Reveals Opposition to Apple’s 27% Fee for External Payments, Citing Developer Relationship Concerns

February 25, 2025 – Phil Schiller, a senior executive at Apple, testified on Monday that he initially opposed the company’s decision to charge fees for in-app transactions processed outside of its own payment system. Schiller, who currently holds the position of Apple Fellow and leads the App Store and Apple events, expressed concerns that such…

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Microsoft to Discontinue Xbox Console Hardware, Current Development Marks Final Generation

May 26 2025 – In a recent live streaming session featuring Insider Gaming’s head, Tom Henderson, alongside Mike Straw, A2TheP, and GTH, a significant revelation emerged regarding Microsoft’s gaming strategy. Henderson disclosed that Microsoft is planning to phase out its Xbox gaming console line, with the upcoming next-generation console marking the final hardware release under…

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Apple Blocks $7 Billion in Potential Fraud on App Store Over Four Years

May 15, 2024 – Apple today issued a press release revealing that over the past four years, its App Store has successfully thwarted more than 7billioninpotentialfraudulenttransactions,withover1.8 billion worth of attempted frauds prevented in 2023 alone. Between 2020 and 2023, Apple blocked over 14 million stolen credit cards and disallowed further transactions on more than 3.3…

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Elon Musk’s AI Venture xAI Devours Nearly $8 Billion in First Nine Months

January 9, 2026 – According to internal documents obtained by Bloomberg, Elon Musk’s artificial intelligence (AI) firm xAI is burning through cash at an alarming rate. The company’s heavy investments in data center infrastructure, talent acquisition, and software development have led to soaring losses, all in pursuit of supporting its ambitious humanoid robot project. Data…

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Nissan CEO Unveils Plans to Trim Renault Stake

June 16, 2025 – On Monday, the Nikkei Business Daily reported that Nissan Motor Co.’s CEO, Ivan Espinosa, has announced the company’s intention to reduce its stake in its French partner, Renault SA. Based on the current stock prices, selling the entirety of Nissan’s 5% shareholding in Renault could potentially raise approximately 100 billion yen….

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Q2 Sees Faraday Future’s Net Loss at $125 Million, Company Stays Committed to 2025 Profitability

August 22, 2023 – In the latest quarterly report, Faraday Future announced a notable reduction in its losses, signaling a promising shift towards profitability. For the second quarter ending on June 30th, the company reported a loss of $124.9 million, or 10 cents per share, a significant improvement compared to the $141.7 million loss, or…

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Amazon’s Second Wave of Layoffs: Over 3,000 Employees in New York, California, and Washington to be Affected

  Amazon has recently announced that over 3,000 of its employees in New York, California, and Washington will be losing their jobs. This is part of the company’s second round of large-scale layoffs. The company has submitted layoff notices to these three states in accordance with legal requirements over the past two weeks.   According to documents,…

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