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LONDON — Apple and Google could face a competition investigation into their dominance of mobile web browsers and apps in the U.K. The U.K.'s Competition and Markets Authority issued a report Friday with a provisional decision from an independent inquiry group tasked by the regulator with carrying out an in-depth review of the mobile browser markets. In the report, the group recommended that the CMA investigates Apple and Google's activities in mobile ecosystems under the new Digital Markets, Competition and Consumers Act (DMCC), a new U.K. law coming into force next year which seeks to prevent anti-competitive behavior in digital markets. The DMCC is akin to the Digital Markets Act in the European Union. The group also said it found a revenue-sharing agreement between Google and Apple to make Google the default search engine on iPhone "significantly reduces their financial incentives to compete in mobile browsers on iOS."
Organizations: Apple, Google, Markets Authority, CMA, Markets, Competition, Consumers, Digital, European Union
Goldman Sachs is a leading investment bank for corporate dealmaking and trading, and its partners represent less than 1% of roughly 46,000 employees. On average, Goldman's newest partners have spent 16 years rising in the ranks, the bank said last week. "It's like a wedding and birthday wrapped up in one amazing moment that you keep reliving," one new partner said. Here's a glimpse inside the big day of nine of Wall Street's up-and-coming executives, including what they did to mark the occasion. Related storiesI happened to be stepping into a meeting with the Arthur Miller Foundation — an amazing nonprofit that supports theater teachers in schools across NYC and beyond — just as John called.
Persons: Goldman Sachs, David Solomon, , revel, John Waldron, Wall, Rob Barlick, Robert Barlick, Goldman Sachs David, It's, that's, Lyla Bibi, Bibi Goldman Sachs, Bracha Cohen, Marco Argenti, I've, Matt Doherty, Matt Doherty Goldman Sachs, David, Kristin Olsen, Marc Nachmann, Shane Lee, Vishaal Rana, Goldman Sachs David Solomon, Aaron Siegel, Aaron Siegel Goldman Sachs, Hayley, Arthur Miller, John, , Craig Smart, Craig Smart Goldman Sachs, Kristin, Marshall Smith, Sylvia Yeh, Sylvia Yeh Goldman Sachs, Reed Alexander Organizations: Partners, Service, Valley Bank, GS, Goldman Sachs Asset Management, Arthur Miller Foundation, Goldman Locations: Valley, Florida, America, New York, New York City, , Goldman Sachs
China has announced a local government debt rescue program days after Trump won the US election. Trump has threatened tariffs of 60% on Chinese goods, complicating China's economic gloom. AdvertisementChina announced a debt rescue program to the tune of $1.4 trillion to save heavily indebted local governments and boost its economy. The plan also allows local governments to tap 4 trillion yuan in special local bonds over five years. China's local governments have been struggling to repay their LGFV debt, which the International Monetary Fund estimated to be around 60 trillion as of last year.
Persons: Trump, , Li Kiang, Donald Trump's, Vishnu Varathan, Mizuho Bank's Organizations: Trump, Service, China, China's, National People's Congress, International Monetary Fund, Reuters Locations: China, Xinhua, Beijing, Washington, Asia, Japan
Apple rolled out long-awaited AI features to some iPhone and other users with its iOS 18.1 update. The new software is officially available on iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1, months after the tech giant first announced Apple Intelligence at the Worldwide Developers Conference. These are the Apple Intelligence features out nowApple Intelligence was revealed at Apple WWDC 2024. AdvertisementWith iOS 18.1, Apple said Siri can field typed requests, answer "thousands of questions" about Apple products, and understand context better. AppleTo ensure they get the features, iPhone owners must join a waitlist to request activation of Apple Intelligence.
Persons: Dan Ives, , Siri, Apple, There's, Tim Cook Organizations: Apple, Apple Intelligence, Service, Sequoia, Worldwide, Wedbush Securities Locations: Australia, Canada, New Zealand, South Africa
Manuel Orbegozo | ReutersApple on Monday released iOS 18.1, an update that includes the company's artificial intelligence, called Apple Intelligence, for the iPhone 16 and iPhone 15 Pro. "Given the staggered launch of Apple Intelligence, we expect iPhone demand to pick up post initial release of Apple Intelligence in late Oct," Bank of America Securities analyst Wamsi Mohan wrote in an Oct. 25 note. Opt inYou need an iPhone 15 Pro, iPhone 15 Pro Max or any iPhone 16 model to install and use Apple Intelligence. You also need to turn it on by asking for access to Apple Intelligence in the Settings app. Zoom In Icon Arrows pointing outwards Apple Intelligence can summarize important emails inside the Mail app.
Persons: Tim Cook, Steve Jobs, Manuel Orbegozo, Siri, Wamsi Mohan Organizations: Apple, Steve, Reuters Apple, Apple Intelligence, Nvidia, Apple Inc, iOS, " Bank of America Securities Locations: Cupertino , California
The presidential race remains razor close, with control of the White House at a coin-flip. AdvertisementIn just over two weeks, Election Day 2024 will be here — a final cap to a wild, at times unprecedented presidential fight that, for the moment, remains far too close to call. Noted election forecaster Nate Silver's model now shows Trump with an extremely slight lead in what continues to remain a toss-up race. Harris trolled Trump on Friday for being "exhausted," referencing a string of interviews he has reportedly walked away from. In the overwhelmingly conservative state, there's a swing district, the Omaha-based Nebraska 2nd.
Persons: , Joe Biden, Kamala Harris, Donald Trump's, pollster Kristen Soltis Anderson, iecuUVyJ5e, Kristen Soltis Anderson, Harris, Mark Robinson, Nate Silver's, Harris trolled Trump, Trump, Barack Obama, Hillary Clinton, She's, Mark Cuban, Liz Cheney, Obama, Bruce Springsteen, Clinton, Bon Jovi, He's, It's, Melania Trump, night's Al Smith, Mike Pence, cohosts, Nikki Haley, Elon Musk, Musk, Spencer Platt, Mary, there's, There's, Biden, Trump's, Warren Buffett's Organizations: Service, White, Labor, RCP, Trump, Gov, The New York Times, Democrats, GOP, Capitol, Fox, Tesla, PAC, Getty, Pennsylvania, North Carolina —, Democratic, Electoral, Nebraska, Nebraska Republicans Locations: North Carolina, Wisconsin , Michigan, Pennsylvania, Michigan, Siena, Georgia, Des Moines , Iowa, Philadelphia, New York, Michigan , Pennsylvania, Wisconsin, Nebraska, Maine , Nebraska, Omaha, Minnesota , New Hampshire, New Mexico, Arizona
Apple first showed off the Apple Vision Pro in June 2023, hoping developers would build awesome apps for it when it went on sale in January. Specifically: Where are the apps for the Apple Vision Pro, the $3,500 headset Apple introduced earlier this year? This is a question we've asked repeatedly, and the answer seems to be pretty consistent: Developers aren't leaping to build anything for Apple Vision Pro because they don't think many people are using Apple Vision Pro. But if developers don't build for the Apple Vision Pro, then there's never going to be any reason for people to buy an Apple Vision Pro. Overall, there are about 1,770 apps for the Vision Pro in Apple's App Store , according to Appfigures' count.
Persons: don't, , we've, there's, That's, Appfigures, Tim Cook, I've, Mark Gurman, Apple, Song Organizations: Apple, Apple Vision Pro, Service, Apple Vision, Vision, Orion
Analysts are optimistic about Apple's iPhone 16 sales going into the holiday season. Apple shares hit a record intraday high earlier this week. AdvertisementFall is shaping up to be good for Tim Cook as Apple rounds the corner into the holiday quarter. Analysts expect the rollout of Apple's AI features to drive iPhone demand into the holiday season. Apple Intelligence is expected to officially launch by the end of the month, and new Macs are reportedly on the way.
Persons: , Tim Cook, Nabila Popal, Morgan Stanley, Bernstein, Cook, Jacob Bourne, Bourne, Erik Woodring, William Kerwin, Kerwin, TSMC Organizations: IDC, Apple, Service, Apple Intelligence, Wall Street, ISI, Forbes, Business, Morningstar Locations: China, Xiaomi, Indonesia
A judge said he'd impose a gag order on the lawyers in Sean "Diddy" Combs' sex-trafficking case. AdvertisementThe judge overseeing Sean "Diddy" Combs' criminal sex-trafficking case said he plans to impose a gag order on its lawyers after a heated courtroom argument over a defense attorney's remarks that the prosecution is "racist." Advertisement"Our investigation is very much ongoing, and there is a possibility that there could be a superseding indictment that could affect the length of the trial," Johnson said. Ahead of trial, Combs has been incarcerated in the Metropolitan Detention Center, a notorious federal jail in Brooklyn. Advertisement"That material is important for our case," Johnson said.
Persons: he'd, Sean, Diddy, Combs, they're, , Arun Subramanian, Marc Agnifilo's, Emily Johnson, Johnson, Agnifilo, baselessly, Damian Williams, Subramanian, he'll, Cassandra Ventura, Ventura, Alexandra Shapiro, Sam Bankman, Anthony Ricco, Anna Estevao, Gloria Allred, Thalia Graves, Allred, Emily Anne Johnson, haven't Organizations: feds, Service, TMZ, Southern, of, Prosecutors, Metropolitan Detention Locations: Manhattan, of New York, Brooklyn, Los Angeles, Combs ' Manhattan, Miami, Florida
With his mentors' feedback, he created a résumé that helped him land him a role at Google a few months later. Software engineer at GoogleSahil Gaba, a software engineer at Google, said he liked two main things on his 2021 résumé, which landed him $300,000 in starting pay. Software engineer at MetaHemant Pandey, a software engineer at Meta, said he has been using the same résumé template since he graduated from his master's program in 2017. It landed Lin his roles at Meta, Visa, and PayPal, and, in 2022, a $350,000 pay package at Google. Previously at Cisco and SAP, the software engineer now works for Salesforce, where he interviews other candidates.
Persons: , Virmani, Google Virmani, Google Sahil Gaba, I've, Gaba, Meta Hemant Pandey, it's, Google Yung, Yu Lin, he's, Lin, Ghatage Organizations: Big Tech, Service, Deloitte, Google, Software, Meta, Tesla, SAP, Visa, PayPal, Cisco
Audio engineer Theo Browne recently criticized Apple's AirPods Max for their sound quality and price. Browne, a fan of the AirPods Pro, finds the mid-range sounds of the AirPods Max disappointing. AdvertisementYou don't have to look far to see Apple's AirPods Max headphones in the wild, whether it's on your morning commute or worn by someone on TikTok. In a tweet that has now received over 800,000 views, Browne even warned people: "Do NOT buy AirPods Max." Like the other AirPods, they said the AirPods Max offers an outstanding experience with active noise cancellation, spatial audio, and transparency modes.
Persons: Theo Browne, Apple's AirPods Max, Browne, Max, , Metronomy, weirdly, Douglas Stephens, Stephens, there's, Smart, Max Smart, they'll, Antonio Villas Organizations: Service, Apple, Ping Labs, Sony, Bose, Headphones.com, Bluetooth, Philips, Sony WH Locations: retails
Read previewA Ukraine war analyst told Business Insider that while watching this conflict, Russia has continually surprised him with how poorly trained its soldiers are. AdvertisementCaptured Russian soldiers, war experts, Ukrainian troops, and Western intelligence have all pointed to Russian troops being poorly trained and treated as disposable throughout the war. Related storiesRussia's losses have risen recently as Russian troops continue to suffer from deficiencies in training. The UK Ministry of Defence said in July that more than 70,000 Russian troops were likely killed or wounded between May and June. It blamed "an effective Ukrainian defense and a lack of Russian training" as Russia fought in multiple sectors.
Persons: , George Barros, it's, Barros, Vladimir Putin, Matthew Savill Organizations: Service, Business, Russia, Russian Army, Russian Defense Ministry Press Service, AP, UK Ministry of Defence, Royal United Services Institute Locations: Russia, Russian, US, Ukraine, Soviet, Soviet Union, Cuba, Kursk
As one VC partner told Business Insider at the time: "Sam is bigger than Taylor Swift." But the bigger you are, the faster the fall, and a few months later, things began to unravel. Others simply said Altman was overhyped, that he didn't have all the answers that the public and investors seemed to expect of him. Thanks to good old-fashioned capitalism, Altman and OpenAI have enjoyed business win after win and held their positions as the leaders in the aggressive AI race. "I thought Sam Altman did a really good job in the special," she told The Washington Post in a discussion about her TV program on artificial intelligence.
Persons: , Sam Altman, Taylor Swift, Altman, Oscar, Scarlett Johansson, Johansson, Ilya Sutskever, Jan Leike, Leike, Anthropic —, Greg Brockman, OpenAI, Siri, Goldman Sachs, OpenAI fanboys, Wharton, Ethan Mollick, Anderson Cooper, Josh Kushner —, Oprah Winfrey Organizations: Service, OpenAI, Business, , Leike, Apple, Microsoft, Nvidia, tech's, o1, Washington Locations: OpenAI —, Valley
In reality, however, Apple may not have to worry too much if it does have to reduce its reliance on Google for search on its devices. In other words, Apple hopes that AI can intelligently answer queries and support user needs by understanding what actually matters to users. Related storiesPart of Apple Intelligence also involves a revamped Siri, Apple's chatbot that users can supercharge by offering permission to connect to OpenAI's industry-leading technology, ChatGPT. It's unlikely to find a deal as lucrative as the one it got with Google on search anytime soon, either. AdvertisementStill, Apple's bet on AI gives it a chance to present consumers with an alternative way to search the internet.
Persons: , Hugh Langley, Tim Cook, Siri, Apple's, ChatGPT, it's, Monday's, OpenAI Organizations: Service, Google, Business, Apple, Apple Intelligence, company's, Conference Locations: Washington, Silicon
The Small Business Administration is expanding its loan programs to support investments in clean energy and climate-friendly businesses. It is also creating an application process for lenders to expand their loan size up to $2 million for climate-focused projects or $1 million for general projects. SBA loans, provided through banks or other financial institutions, help entrepreneurs raise capital. 7(a) loans provide long-term financing up to $5 million for general small business investments and are offered through most banks. Under the Biden administration, there have been 18 million small business applications.
Persons: Isabel Guzman, Guzman, Katie Frost, , Biden, SBA's, Michael S, Regan Organizations: Service, Business Administration, SBA, Business, Community, Biden, Environmental Protection Agency
Read previewFans and critics alike hated "X-Men Origins: Wolverine" starring Hugh Jackman when it hit theaters back in 2009. Now, the first reviews for "Deadpool & Wolverine" suggest that the highly anticipated sequel could save the Marvel Cinematic Universe after several middling releases. AdvertisementIt's a far cry from the reaction to "X-Men Origins: Wolverine," which has a 38% rating on Rotten Tomatoes. But the hugely positive reception to "Deadpool & Wolverine" shows just how far both characters have come since "Origins." Fans will be pleased to know that critics are impressed with the story in the 2024 film, its violence, and crowd-pleasing cameos.
Persons: , Hugh Jackman, Ryan Reynolds, Reynolds, Dexerto's Cameron Frew, Nick Schager, Tom Jorgensen, Wade Wilson's, Magazine's Olly Richards, Kate Walsh, Robbie Collin Organizations: Service, Marvel, Business, Rotten, Los Angeles Times
Introduction to earning credit card rewardsCredit card rewards can put cash in your pocket or help you jet off on an exciting trip. Pay down balances early to avoid a high utilization ratioAnother important credit scoring factor is your credit utilization ratio — a comparison of your revolving accounts' credit card balances and credit limits from your credit reports. Closing a card might also hurt your credit scores if it was your only credit card. There are a lot of misconceptions about how closing a credit card can impact other aspects of your credit scores. If you have more than one account to manage, you may find it helpful to use a credit card rewards app to track your rewards.
Persons: Chase, it's, cardholders, Garner Organizations: Business, American Express, Citibank, Planning, Chase, Services, Mastercard, Sapphire Reserve, Chase Travel, Chevron
Peter Berg, founder of Forward, a consulting firm that hires globally remote engineers for startups, wants to change that. About a month ago, Berg announced that Forward would provide data and context to every applicant once a role is closed. Berg told Business Insider that Forward does its best not to waste people's time during the application or interview process through lengthy exams or assignments. Melissa Bashur told BI that the insight she received allowed her to better understand the current job market. He also said individual contributors who don't have experience with hiring tend to be more in the dark about the process.
Persons: , Peter Berg, Berg, it's, Melissa Bashur, Bashur, they're Organizations: Service, Business, LinkedIn
Peter Berg, founder of Forward, a consulting firm that hires globally remote engineers for startups, wants to change that. About a month ago, Berg announced that Forward would provide data and context to every applicant once a role is closed. Berg told Business Insider that Forward does its best not to waste people's time during the application or interview process through lengthy exams or assignments. One woman posted on LinkedIn about the experience and said Forward offered her the "BEST" rejection letter. Melissa Bashur told BI that the insight she received allowed her to better understand the current job market.
Persons: , Peter Berg, Berg, it's, Melissa Bashur, Bashur, they're Organizations: Service, Business, LinkedIn
They also include quite a few Amazon purchases, including cheap ties and "deep bronze" tanning lotion. For the first time, Giuliani disclosed the financial details of Giuliani Communications, the company he owns that produces his video livestreams on social media. On a monthly basis, Giuliani Communications spends more money than it makes — even before the WABC cancellation. Earlier filings were compiled by Joseph Ricci, an accountant whose firm was paid $4,000 by Giuliani Communications in May. Ricci has since declined to work on the banruptcy, Giuliani's lawyers have said.
Persons: , Rudy Giuliani, Giuliani, Maria Ryan, it's, Donald Trump, Tanner, Bice, Giuliani —, Wandrea Moss, Ruby Freeman, Jose Luis Magana It's, Giuliani's, Mike Lindell, John Catsimatidis, Ryan Organizations: Service, New, New York City, Business, Giuliani Communications, New York, eBay, Verizon, Citi, AP, Giuliani's, WABC, Republican Locations: New York, Arizona, New York City, Amazon, Manhattan, Palm Beach, Washington , DC, MyPillow, American
Read previewBack in 2019, The Cut published a bombshell investigation into a pattern of concerning student behavior at Sarah Lawrence College. After "The Stolen Kids of Sarah Lawrence" was published in April 2019, a joint FBI and NYPD task force began investigating the allegations. Ray (born Lawrence Grecco) was indicted on charges including sex trafficking, forced labor, conspiracy, racketeering, tax evasion, and exploitation. In early 2023, Judge Lewis Liman sentenced Ray, then 63, to serve 60 years in prison. Later that year, several of the cult's survivors filed a lawsuit against Sarah Lawrence, saying the school failed to protect them.
Persons: , Larry Ray, Ray, Talia Ray, Hulu docuseries, Here's, Talia, Ray ., Santos Rosario, Sarah Lawrence, Lawrence Grecco, Claudia Drury, Drury, William F, Sweeney Jr, Judge Lewis Liman, Liman Organizations: Service, Sarah Lawrence College, Business, Hulu, FBI, NYPD, Prosecutors, New York Times, York Magazine Locations: New Jersey, Manhattan
"It's a family tradition," Oliver, of mid-coast Maine, told Business Insider. Related storiesShe told BI that she had never experienced sexism in the job and the lobstermen she'd met were "friendly." Virginia Oliver working on her lobster boat with her son. Oliver still enjoys the taste of lobsterShe told BI that she has not become tired of eating lobster. Do you have a powerful story about longevity to share with Business Insider?
Persons: , Virginia Oliver won't, haven't, Oliver, Herbert Hoover, Willie, Mickey, JOSEPH PREZIOSO, she'd, Dale Shierholt, I've, She's, she's, Wayne Gray, BI he'd, Virginia Oliver, Gray, Maine Oliver, Shierholt Organizations: Service, Business, Disney, BI Locations: Maine, America, Virginia
Trump's out to charm Gen Z, and that demographic might already be souring on BidenFreshly convicted of 34 charges of falsifying business records, the presumptive Republican presidential nominee seems to have a new campaign strategy — appealing to younger Gen Z voters. Appealing to Gen Z could work for Trump, especially if one accounts for the "Trump amnesia" effect among Gen Zers. Now aged between 12 and 27 — some Gen Zers may have been too young during his presidency to be politically in tune with Trump-era policies. And Gen Zers who vocally backed Biden during his 2020 run may also be souring on him in 2024. Representatives of Trump, Paul, and Biden didn't immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: , Logan Paul, Donald Trump, Trump, Paul, Mike Majlak, Putin, Elon Musk, MAGA Organizations: Service, Tesla, Business, Trump Locations: Russian
When I try to get my head around big, complicated tech questions, I often rely on Ben Thompson, the influential tech analyst who writes the Stratechery newsletter. And that Apple gets the upside of AI without incurring many of the costs and risks other tech players are taking on. AdvertisementPeter Kafka: You seemed pretty enthusiastic about Apple's AI efforts before they announced them on Monday. One is some massive AI breakthrough, such that the phone becomes the commodity, as opposed to Apple making the AI the commodity. Peter Kafka: You've been speculating about whether Apple is paying OpenAI, or OpenAI is paying Apple.
Persons: , Ben Thompson, Peter Kafka, They're, Tim Cook, Justin Sullivan, Who's, They've, Apple, You've, OpenAI, Sam Altman, Thompson, Mark Gurman Organizations: Service, Apple, Business, Washington Post, Bloomberg, OpenAI Locations: ChatGPT.com
Read previewI've done everything you're not supposed to do during a job interview — appearing unpolished, bad-talking past bosses, and revealing too much. At one job interview in 2011, I even cried. I decided to become a freelancer, partly to avoid the entire job interview experience. I may be bad at job interviews, but I'm great at writing headlines. Related storiesI decided to say, "I'm a freelance writer and writing instructor who's been providing book editing services since 2010.
Persons: , I'm, Melea Seward, Seward, who's, I've, it's, It's Organizations: Service, Business Locations: generalities
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