President Donald Trump warned that if France does not repeal its 3% digital services tax on U.S. technology companies, he will impose a 100% tariff on French wine and champagne exports to the U.S. This tax, approved in 2019, targets large tech firms like Amazon, Meta, and Alphabet. French wine exports to the U.S. represent about $2 billion annually, roughly one-fifth of their global sales. The threat comes ahead of the G7 summit in France, highlighting escalating trade tensions between the two countries.
President Trump warned France of a potential trade war, threatening 100% tariffs on French wines if France does not repeal its 3% digital tax on US tech giants like Google and Apple. This tax targets the revenue of American tech companies and has rai...
Microsoft, Alphabet, and Amazon are leading hyperscaler cloud platforms showing accelerating revenue growth driven by AI investments, despite rising capital expenditures. Microsoft’s Intelligent Cloud revenue grew 30% YoY with a $627 billion backlog,...
Anthropic suspended access to its latest AI models for all foreign nationals, including employees, following a US government directive citing security concerns. This move, occurring soon after Anthropic partnered with Tata Consultancy Services to exp...
Amazon CEO Andy Jassy reportedly alerted US officials about security concerns involving Anthropic's AI models Claude Fable 5 and Mythos 5. He informed Treasury Secretary Scott Bessent that Amazon researchers used these models to extract data potentia...
The Magnificent Seven—Microsoft, Apple, Alphabet, Amazon, Meta, Nvidia, and Tesla—dominate major U.S. indexes like the S&P 500 and Nasdaq-100. Investors can now choose ETFs that either concentrate solely on these tech giants, like the Roundhill Magni...
