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Porsche expects $351 million tariff hit for April and May
The company had previously spoken only of a hit in low triple-digit million euros for the two months, without giving a firm number.($1 = 0.8542 euros) (Reporting by Christoph Steitz and Ilona WissenbachEditing by David Goodman) …. Read More >>

Google says discord over search results is unresolved; risks EU antitrust fine
BRUSSELS (Reuters) -Alphabet’s Google said it failed this week to resolve disagreements with hotels, airlines and specialised search services such as Skyscanner over how it presents search results, putting it at risk of a hefty European Union antitrust fine.The U.S. tech giant held a July 7-8 workshop with cr …. Read More >>

FEATURED ARTICLE

Nvidia becomes first company to hit $4 trillion in market value
Shares of the leading chip designer were last up 2%, at $163, after reaching an all-time high of $164 earlier, as the company is benefiting from the ongoing surge in demand for artificial intelligence technologies.COMMENTS:GIL LURIA, ANALYST, D.A. DAVIDSON, PORTLAND, OREGON “While it is unlikely that Nvidia w …. Read More >>

OTHER HEADLINES

Samsung’s bet on foldable phones faces major test with slimmer new model
SEOUL (Reuters) -Samsung Electronics on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by arch rival Apple. The stakes are high. The South Korean company lost its global smartphone crown to Apple in …. Read More >>

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