MU - Tech Roundup: Apple chips and Chinese stocks lead a week of sector variety
Apple (NASDAQ:AAPL) grabbed its usual amount of headlines this past week, but it had plenty of company in the spotlight as thanks to chips, China and Uber (NYSE:UBER). The European Union took aim at tech kingpins such as Apple (AAPL), Facebook's Meta Platforms (FB), Google (GOOG) and Amazon (AMZN), with the Digital Markets Act, a new set of regulations that aims to rein in some of the business activities of those companies in Europe. Apple (AAPL) also filed an appeal to a ruling that it violated an unfair competition law in California, and by the end of the week, Apple (AAPL) was reported to be offering stock bonuses of as much as $200,000 per person in an effort to keep select engineers from jumping to competitors. And in Asia, Apple (AAPL) supplier Foxconn was said to be back up to normal operations at it product manufacturing plants following Covid-related shutdowns
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Tech Roundup: Apple, chips and Chinese stocks lead a week of sector variety