NIO CEO Says China’s Auto Industry Has Passed Its Golden Era Amid Weak Car Sales 
Trump Adviser’s Investment in Thrive Capital Draws Scrutiny Over Federal Contracts 
LG Electronics Stock Hits Record High on Nvidia AI Partnership Speculation 
HP Q2 2026 Earnings Beat Expectations Despite Memory Chip Pressure 
SoftBank to Invest €75 Billion in France AI Data Center Expansion by 2031 
DOJ Investigates Group Linked to Reid Hoffman Over E. Jean Carroll Lawsuit Funding 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
China Manufacturing PMI Beats Forecasts as Export and Domestic Demand Stay Strong 
Universal Music Group Rejects Pershing Square Takeover Proposal 
Dell Raises 2027 Revenue Forecast as AI Server Demand Drives Record Quarterly Results 
Marvell Stock Rises After Record Q1 FY2027 Earnings Fueled by AI Demand 
Tesla Keeps Graphite Supply Deal with Syrah Resources After Progress on Quality Issues 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions 
Elon Musk Explores Possible Tesla-SpaceX Merger Amid Growing AI Investments 
Payment card issuers sued Apple Inc in a proposed class action for allegedly abusing its market power in mobile devices to thwart competition for its Apple Pay mobile wallet.
In contrast to manufacturers of Android-based devices, which allow customers to choose wallets like Google Pay and Samsung Pay, Apple "coerces" consumers who use its smartphones, smartwatches, and tablets into using its wallet for contactless payments.
Apple's anticompetitive behavior, according to the plaintiff, Iowa's Affinity Credit Union, requires the more than 4,000 banks and credit unions who utilize Apple Pay to pay at least $1 billion in additional fees each year for the privilege.
It also claimed that Apple's actions reduce the company's incentive to improve Apple Pay's functionality and make it more secure. Apple is situated in Cupertino, California.
Unspecified triple damages are sought in the action, along with an end to Apple's allegedly anticompetitive behavior.
According to the complaint, Apple charges issuers a 0.15 percent fee on credit transactions and a flat debit transaction cost of 0.5 cents when using Apple Pay, whereas competitors using Android don't.
