Business

Spotify reports strong user growth, raises prices

Spotify reported Tuesday a bigger-than-expected rise in active users at the end of the second quarter, a day after the music streaming giant announced price increases for its premium service.

Business

Apple hits historic $3 trillion milestone

Apple Inc. made Wall Street history as the first company with a market value over $3 trillion, the latest sign of big tech's seemingly unstoppable dominance in equity markets.

Energy & Green Tech

Germany considers electricity price cap for industry

Germany's Economy Minister Robert Habeck on Friday presented plans to cap the price of electricity used by energy-intensive industries to insulate the sector against sharp cost increases, but the proposal immediately sparked ...

Business

Lyft's new CEO tackles a job requiring some heavy lifting

Even before he joined Lyft's board in 2021, David Risher had taken hundreds of trips as a passenger so he felt like he knew a lot about the ride-hailing service. But he never expected to be thrust into the driver's seat at ...

Business

ChatGPT: How to use AI as a virtual financial adviser

From chatbots and virtual assistants to fraud detection and risk management, artificial intelligence (AI) is now being used in many areas of finance. But what could an AI system like ChatGPT do for your bank balance?

Business

Ericsson to cut 8,500 jobs worldwide

Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting program as financial headwinds push operators to rein in spending.

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