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DealBook News | Europe Has Fallen Behind the U.S. and China. Can It Catch Up? on June 5, 2024 at 4:00 am

A “competitiveness crisis” is raising alarms for officials and business leaders in the European Union, where investment, income and productivity are lagging. A “competitiveness crisis” is raising alarms for officials and business leaders in the European Union, where investment, income and…

DealBook

DealBook News | Companies Counter Pushback on Price Increases With Promotions on June 3, 2024 at 3:23 am

“The consumer was a fat pig — now there’s nothing left, and they need to feed the pig again,” one banker told DealBook. “The consumer was a fat pig — now there’s nothing left, and they need to feed the pig…

DealBook

DealBook News | Hey, Siri! Let’s Talk About How Apple Is Giving You an A.I. Makeover. on June 9, 2024 at 9:04 am

Apple, a latecomer to artificial intelligence, has struck a deal with OpenAI and developed tools to improve its Siri voice assistant, which it is set to showcase on Monday. Apple, a latecomer to artificial intelligence, has struck a deal with OpenAI…

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DealBook News | Wage Growth Exceeds Forecasts, Potentially Deterring Fed Rate Cuts on June 7, 2024 at 1:29 pm

The latest data could add to fears that the labor market remains too hot to bring inflation fully under control. The latest data could add to fears that the labor market remains too hot to bring inflation fully under control. Labor and…

DealBook

DealBook News | Can Apple Think Different on A.I.? on June 10, 2024 at 11:31 am

Wall Street and Silicon Valley will be watching the company’s developers conference closely for signs of whether the iPhone maker can finally catch up on artificial intelligence. Wall Street and Silicon Valley will be watching the company’s developers conference closely for…

DealBook

DealBook News | Michael Saylor and MicroStrategy to Pay $40 Million in Tax Fraud Lawsuit on June 3, 2024 at 1:58 pm

Michael Saylor did not pay any income taxes to Washington despite living there from 2005 through 2020, the attorney general for the District of Columbia said. Michael Saylor did not pay any income taxes to Washington despite living there from 2005…

DealBook

DealBook News | MicroStrategy’s CEO Reaches a Big Tax Settlement on June 3, 2024 at 11:31 am

The technology company MicroStrategy and its founder, Michael Saylor, agreed to a $40 million deal to end a lawsuit accusing him of evading income tax. The technology company MicroStrategy and its founder, Michael Saylor, agreed to a $40 million deal to…

DealBook

DealBook News | Can Bill Ackman Cash In On His Growing Fame? on June 5, 2024 at 3:14 am

The billionaire investor’s profile has soared on social media. That could help him grow Pershing Square, his financial empire. The billionaire investor’s profile has soared on social media. That could help him grow Pershing Square, his financial empire. internal-storyline-no, Social Media, High…

DealBook

DealBook News | GameStop Stock Surges Again on Social Media Buzz on June 3, 2024 at 8:42 pm

A post on a long-dormant Reddit account suggested the trader known as Roaring Kitty had amassed a large stake in the video game retailer. A post on a long-dormant Reddit account suggested the trader known as Roaring Kitty had amassed a…

DealBook

DealBook News | E.C.B. Is Likely to Leapfrog the Fed on Interest Rate Cuts on June 5, 2024 at 6:49 am

With eurozone inflation falling, the European Central Bank has signaled it is ready to lower rates this week, diverging from the U.S. Federal Reserve. With eurozone inflation falling, the European Central Bank has signaled it is ready to lower rates this…

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