Business Matters with Don Ma Epoch Media Group

Apple unveiled a long-awaited AI strategy on Monday, integrating its new "Apple Intelligence" technology across its suite of apps including Siri and partnering with OpenAI to bring ChatGPT to its devices.
Certain smartphone apps, some of which aren’t directly related to driving, track driver behavior and send the data to insurance companies.

The U.S. Supreme Court agreed on Monday to hear a bid by Meta's Facebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading investors in 2017 and 2018 about the misuse of its user data by the company and third parties.

The U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated, adding pressure on the Federal Reserve to hold off on interest rate cuts.
Stock influencer Keith Gill's first livestream in three years failed to spark enough investor enthusiasm in GameStop on Friday to reverse a nearly 40% slump in the shopping mall retailer's stock after it unveiled a share sale to raise up to $3 billion.

A workers' union at Samsung Electronics staged its first walkout on Friday, signaling more assertiveness among employees just as South Korea's most powerful conglomerate races to catch up in chips used in artificial intelligence.

One of the most downloaded news app in the United States, named Newsbreak appears to has ties to China, and is allegedly producing fake news using artificial intelligence. In one example, the app published a piece about a small town shooting in Bridgeton, New Jersey, but the shooting never took place.
The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, citing progress in tackling inflation even as it acknowledged the fight was far from over.

SpaceX's Starship rocket survived a fiery, hypersonic return from space and achieved a breakthrough landing demonstration in the Indian Ocean on Thursday, completing a full test mission around the globe on the rocket's fourth try.

Boeing's new Starliner capsule flew its first crew of astronauts to orbit on Wednesday from Florida in a much-delayed test mission to the International Space Station, a milestone in the aerospace giant's ambitions to step up its competition with Elon Musk's SpaceX.
Walmart will pay bonuses to its U.S. hourly store workers, including those at its pharmacy and Vision Center stores, the retailer said on Wednesday, in a move that could boost wages for 700,000 front-line staff.

Nvidia's rallied to record highs on Wednesday, with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company.


TXSE Group, backed by BlackRock and Citadel Securities, plans to launch Texas Stock Exchange in Dallas, going up against established New York-centric exchanges in a bid to attract global companies.

Royalty payments from drug companies to the National Institutes of Health (NIH) jumped following the COVID-19 pandemic in 2021, according to a new report from nonprofit government watchdog “OpenTheBooks.com”. It says, in 2022 and 2023, pharmaceutical and healthcare companies paid the NIH over $710 million in third-party royalties.
A group of current and former employees at artificial intelligence companies OpenAI and DeepMind posted an open letter on Tuesday, they want artificial intelligence companies to be far more transparent about AI’s “serious risks”. They also want companies to and promise not to retaliate against current and former employees who voice concerns about the technology they’re building.

Job openings have fallen to the lowest point in three years in another signal the U.S. economy is slowing. There were roughly 8 million jobs available in April — a second-straight month of shrinking openings.

GameStop shares jumped around 20% on Monday after the stocks influencer known as "Roaring Kitty" returned to Reddit with a post showing a $116 million bet on the embattled video game retailer.
Former President Donald Trump gained over 4 million followers within a day of joining TikTok, surpassing the follower count of President Joe Biden’s reelection campaign on the Chinese-owned video-sharing app.

Oil prices tumbled by $3 a barrel on Monday to their lowest in nearly four months, as investors worried that a complicated OPEC+ output decision could lead to higher supplies later in the year even though demand growth has been slow.