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Phil Schiller steps down as App Store head over concerns with future strategy.
Phil Schiller has stepped back from his role as head of the App Store due to concerns over its future direction under new CEO John Ternus, particularly regarding shifts toward recurring revenue models. His departure und…
Authors challenge publishers' claims on Anthropic settlement payments
Authors are contesting claims from publishers and agents for a larger share of settlement payments from Anthropic, an AI company. This dispute highlights the need for fair compensation and transparency in revenue distri…
Over 4,000 community banks vanish since 1990, stifling rural entrepreneurship
The decline of community banks, with over 4,000 disappearing since 1990, hampers local entrepreneurship and economic growth, particularly in rural areas. As larger banks focus on high-value clients, small businesses str…
Apple plans to adjust App Store fees to boost revenue, potentially using a tiered model for high-volume sales. This shift aims to maintain profitability amid r…
Netflix's stock has dropped 40% due to concerns over slowing subscriber growth, despite reporting stronger profits and rising advertising revenue. This decline…
Pencil Finance has funded 1,000 student loans on-chain in Southeast Asia, utilizing blockchain technology to enhance education financing. This initiative addre…
GitLab's stock rose 11.1% after reporting better-than-expected earnings and raising its full-year revenue guidance, driven by increased demand for AI projects.…
Business Secretary Jonathan Reynolds will meet the bosses of Jaguar Land Rover (JLR) and the Unite union to discuss the impact of thousands of expected job cut…
Tim Allen's taco shop in rural Louisiana has seen 40% of its business come from workers at a nearby Meta AI data center, highlighting the economic boost that t…
Wealth transfer in the U.S. is expected to reach $68 trillion, but 70% of wealthy families lose their wealth by the second generation. A family office founder …
Lukas Jannick, a 25-year-old from the Netherlands, is living in New York City on $580 a week after moving for love, sharing budget tips on his growing YouTube …
Orionx, a Tether-backed cryptocurrency exchange, is shutting down after an audit uncovered a $7 million custody gap in customer assets, raising serious concern…
Farmers in the U.S. are struggling financially due to skyrocketing diesel and fertilizer prices, worsened by reduced support from the Department of Agriculture…
SoundHound AI reported a 45% increase in second-quarter revenue, reaching $61.9 million, and predicts over $500 million in annual revenue before turning a prof…
