Apple’s EU Fine & Macy’s Takeover Offer 3/4/24

The European Union just slapped Apple with a nearly $2 billion fine. The commission said the tech giant has abusive rules for other music streaming providers. Shares are down 3% today, but it seems investors might be more concerned about Apple's perceived slow start to the AI race. We’ll have more on that. Plus, Macy’s stock is rallying 15% as Arkhouse Management and Brigade Capital raise their offer for the company to $24/share from $21/share. The retailer confirmed it received the offer and said its board will review it. We’ll discuss what happens next and why one analyst is downgrading the stock today.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.