Business
LyondellBasell: The Iran Conflict Has Interrupted The Evolution Process (Rating Upgrade)
Business
Apple Tests New Genius Bar AI Tool That Transcribes Customer Chats, Raising Employee Privacy Concerns
Apple is piloting a new artificial intelligence tool designed for use at its Genius Bar locations that transcribes and summarizes conversations between employees and customers, a feature that has already prompted concerns among staff about how the resulting data might be used to evaluate their performance.
The tool, called Live Notes, was first reported by Bloomberg’s “Power On” newsletter as part of the outlet’s ongoing coverage of Apple’s internal artificial intelligence initiatives. According to the report, Live Notes uses AI to listen to interactions between Genius Bar employees and customers, generating a transcript and summary of the conversation so that staff members can focus more fully on the customer in front of them rather than manually taking notes throughout the exchange.
How the tool is designed to work
Live Notes requires consent from both parties before activation, according to the report, meaning both the employee and the customer must agree to its use during any given interaction. There is currently no indication that Apple plans to make the tool mandatory for Genius Bar staff, and the available reporting suggests it is being introduced as an optional, time-saving feature rather than a company-wide requirement.
Despite those built-in consent requirements, some Genius Bar employees have reportedly expressed concern about the broader implications of having their customer interactions recorded, transcribed and summarized by an AI system, given the potential for that data to later be reviewed by management as part of performance evaluations.
Apple’s current safeguards during testing
According to the report, Apple has implemented a specific policy during the current testing phase intended to address those concerns directly: managers are not given access to the transcripts generated by Live Notes, and employees themselves retain the ability to edit the transcripts produced from their conversations. However, it remains unclear whether that policy protecting employees from manager access will remain in place once testing concludes and the tool potentially moves toward a broader rollout.
That uncertainty around long-term data access appears to be a central source of the unease among staff, since a policy limiting managerial visibility during a testing phase does not necessarily guarantee the same protections will persist if and when the tool becomes a permanent fixture of the Genius Bar workflow.
Part of a broader push into internal AI tools
Live Notes appears to be one piece of a larger effort by Apple to integrate artificial intelligence into its internal operations and employee-facing tools, following earlier reports of separate AI assistants being tested across the company. One previously reported tool, called Enchante, is designed to help employees proofread written work, brainstorm ideas and answer general knowledge questions. A second tool, referred to as Enterprise Assistant, is built around a centralized internal knowledge hub intended to help employees quickly access company information and resources.
According to the report, Live Notes could represent a variation of the broader Enterprise Assistant framework, though the exact relationship between the tools has not been detailed publicly. Both Enchante and Enterprise Assistant reportedly rely on Apple’s own foundation AI models, and while the specific underlying technology behind Live Notes has not been confirmed, it is considered likely to be built on the same internal Apple AI infrastructure given the company’s broader approach to these tools.
No timeline for a wider rollout
There is currently no publicly available information regarding a rollout timeline for Live Notes, nor any confirmed details about how or whether the tool might eventually be implemented more broadly across Apple’s retail locations. Based on available reporting, the tool is expected to remain optional for both employees and customers even if it eventually moves beyond its current testing phase, though Apple has not issued public comment confirming those plans.
Part of a broader industry trend
Apple’s testing of Live Notes comes amid a broader wave of AI tool adoption across the technology industry, both in customer-facing and internal workplace contexts. Many companies across sectors have introduced AI tools for employees in recent years, with some organizations mandating their use as part of broader efficiency and productivity initiatives. So far, available reporting has not indicated that Apple is taking a similarly mandatory approach with any of its internal AI tools, including Live Notes, positioning the company’s current strategy as more conservative and employee-consent-driven compared with some industry peers.
The concerns raised by Genius Bar staff reflect a broader tension increasingly playing out across workplaces as AI-driven monitoring and transcription tools become more common: balancing the genuine efficiency benefits such tools can offer employees, such as reduced note-taking burden and more focused customer interactions, against legitimate worries about surveillance, performance evaluation, and how collected data might ultimately be used once initial testing safeguards are no longer guaranteed to remain in place.
As Apple continues testing Live Notes and its related internal AI tools, additional details are likely to emerge regarding the company’s longer-term plans for data access policies, potential rollout timelines, and whether the current employee protections established during testing will carry forward into any eventual broader deployment. For now, the tool remains in a limited testing phase, with Apple yet to confirm publicly how it intends to address the underlying employee concerns that have already surfaced around monitoring and evaluation as the technology continues to develop.
Business
Ryanair Holdings plc 2027 Q1 – Results – Earnings Call Presentation (NASDAQ:RYAAY) 2026-07-20
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Is Passive Investing Sabotaging Fund Managers?
Is Passive Investing Sabotaging Fund Managers?
Business
At Close of Business podcast July 20 2026
Mark Beyer speaks with Tom Zaunmayr about why ASX-listed contractors have undertaken a flurry of acquisitions over the past year.
Business
Weekly Market Pulse: It’s Always Something
Joe has worked in the financial services industry since 1992 in various capacities, including Operations Manager, Compliance Manager, Registered Representative and Portfolio Manager. From 1997 to 2006, when he founded Alhambra Investment Management, Mr. Calhoun was a Director of Investments at Oppenheimer & Co. Mr. Calhoun holds the Series 63 (Uniform Securities Agent State Law) and 65 (Uniform Investment Advisor Law) securities licenses. He has previously taken and passed the Series 7 (General Securities Representative) and Series 9/10 (General Securities Sales Supervisor) securities exams.
Joe proudly served in the U.S. Navy’s nuclear submarine service for 8 years (1983-1990) and was awarded several commendations including the Navy Achievement Medal in 1987. He studied engineering at the University of South Carolina and is a graduate of the U.S. Navy’s Nuclear Propulsion School. He founded Alhambra Investment Management as a registered investment advisory to address the needs of the individual investor. His market commentaries are widely read and published at various online outlets. He has appeared on Larry Kudlow’s program on CNBC and various radio programs. He is also an editor of the website RealClearMarkets.com.
Business
(PHOTO) Who Is Ines Garcia? Everything to Know About Lamine Yamals Girlfriend
As Lamine Yamal chased his first World Cup title with Spain, one of his most visible supporters throughout the tournament was his girlfriend, Ines Garcia Santos, a Spanish social media influencer who has become a fixture at the young star’s side both on and off the pitch this year.
Garcia, who also goes by Ines Garcia, recently celebrated her 21st birthday, while Yamal turned 19 earlier this month. After scoring his first goal of the World Cup, Yamal told broadcaster DAZN that he was dedicating the moment to his mother, his girlfriend, his friends and everyone back home in his hometown of Mataro, a comment that offered public confirmation of the relationship’s significance to the young forward during the tournament.
How the relationship became public
Dating rumors between Yamal and Garcia first began circulating earlier this year after the couple was spotted vacationing together in Greece. The pair made their first official public appearance together in May at a dinner hosted by FC Barcelona, Yamal’s club team, marking the point at which their relationship moved more clearly into public view.
According to Garcia, however, the couple’s connection predates that Greece trip by a significant margin. “People started seeing us together when we went to Greece,” she said. “I’ve known Lamine for a lot longer than that. Not quite three years, but a good deal more months than people realize, even now.”
Garcia has also described a deliberate, unhurried approach to how the relationship developed before becoming public. “We gave things time,” she added. “We also spent a long time talking before seeing each other.”
A modern love story, not a movie script
Garcia has been candid about the ordinary, digital-era origins of how she and Yamal first connected, pushing back against any romanticized version of their meeting. Speaking to the Spanish outlet Hola!, she described the reality behind their introduction in blunt terms. “You’re probably expecting some perfect, crazy love story. Like I saw him in a store, the way it supposedly went down… my savior, my hero,” she said. “Here’s the real story: 3, 2, 1… social media!”
That straightforward account reflects a broader trend among young public figures whose relationships increasingly begin through direct online interaction rather than chance encounters, a dynamic Garcia appears comfortable acknowledging openly with fans and media.
A regular presence throughout the tournament
Since the couple went public, Garcia has become a consistent presence at Spain’s World Cup matches, frequently photographed wearing Yamal’s jersey while cheering him on from the stands throughout the tournament’s run. That visibility has made her one of the more closely watched figures among the partners of this year’s World Cup players, particularly as Yamal has emerged as one of the tournament’s breakout stars.
Garcia’s public support extended beyond the matches themselves. When Justin Bieber was announced as one of the performers for the World Cup final’s halftime show, Garcia shared the news to her Instagram story with a message directed at Yamal, writing in Spanish that he should do whatever it takes to reach the final so they could see Bieber perform, adding “Are you listening?? Whatever it takes.”
The couple has also been spotted together outside of soccer contexts this year, including an appearance at a Bad Bunny concert held in Barcelona in Madrid this past May, further underscoring how frequently the two have been seen together publicly throughout 2026.
Personal details and background
According to her Instagram bio, Garcia is originally from Seville, though relatively limited additional biographical information about her is publicly available online, consistent with her relatively private profile compared with some other high-profile partners of professional athletes.
Garcia has also spoken candidly about a personal fear that stands somewhat at odds with her evident love of travel. Speaking to Woman Madame Figaro, she described a longstanding fear of flying that she has been working to overcome gradually. “I love traveling, but I’m terrified of flying,” she said. “The two things don’t really go together, but I’m facing my fears little by little. This summer I’m going to take many trips, both in Spain and abroad, which you’ll see.”
A partnership in the spotlight
As Yamal continues to establish himself as one of the most closely watched young players in world soccer, Garcia’s presence alongside him throughout the 2026 World Cup has placed her firmly within the broader constellation of partners, family members and close supporters who have drawn public attention during the tournament. With Yamal’s profile only expected to grow further following his performances this year, Garcia’s own public visibility appears likely to continue expanding as well, even as she has generally maintained a measured, low-key approach to discussing the relationship publicly compared with the intense media attention surrounding her boyfriend’s on-field success.
Business
Goldman Sachs initiates coverage on Sansera Engineering, 3 other auto ancillary stocks with upside of up to 28%. Here’s why
Goldman Sachs says these manufacturers are undergoing a product mix shift that could make their business models more resilient to industry cycles while expanding into larger profit pools by leveraging their core manufacturing capabilities.
Contrary to its belief, the market continues to view many of these companies as cyclical auto parts manufacturers with limited pricing power and recurring capital expenditure requirements.
The brokerage expects the Indian auto parts industry, supported by the transition towards precision machining, to post revenue growth of 7% in FY27E, 12% in FY28E and 10% in FY29E. EBITDA is projected to grow 7% in FY27E, 26% in FY28E and 14% in FY29E over the same period.
Also read: Auto components industry expected to grow 8-10% in FY27: ACMA
Here’s why brokerage is bullish
Sansera Engineering – Goldman Sachs initiated coverage on Sansera Engineering with a Buy rating and a target price of Rs 4,130 (28% upside). It said the company’s transition into aerospace, defence and semiconductors is expected to support higher margins and better realisations. The brokerage highlighted that semiconductor wafer fabrication equipment manufacturers require precision engineering suppliers, while the wafer fabrication equipment manufacturing supply chain in Southeast Asia presents an opportunity.
It added that production-linked incentive (PLI) benefits are not yet reflected in its projections and could provide additional upside. Goldman Sachs also expects the aerospace, defence and semiconductor businesses, along with exports, to provide a strong tailwind to corporate EBITDA margins, while domestic two-wheeler parts outsourcing offers incremental upside.
Craftsman Automation – The brokerage also initiated Craftsman Automation with a target price of Rs 11,600 (27.4% upside). It believes the company’s engine block business is well positioned to benefit from the global data centre build-out. Goldman Sachs also expects aluminium content per vehicle to increase with the transition to electric vehicles, while describing the “local for global” engine parts opportunity as an additional growth driver. It further noted that the ongoing turnaround in Sunbeam should support profitability and return on equity.Read more: Revenue of auto ancillary firms grew at 11% CAGR during 2016-26: Report
Bharat Forge – It also initiated Bharat Forge with a Neutral rating and a target price of Rs 2,120 (3.1% downside). The brokerage said the expected defence growth and the commercial vehicle upcycle are already reflected in the stock price. It expects a commercial vehicle upcycle in North America and Europe over the next two years, while noting that overseas manufacturing operations in Europe and the US continue to struggle and are being wound down. Goldman Sachs expects defence revenue to grow threefold and contribute 22% to consolidated revenue.
Goldman Sachs initiated coverage on Samvardhana Motherson with a Neutral rating and a target price of Rs 148 (2% downside).
Auto ancillaries in FY26
Auto ancillary companies reported a 12.5% YoY increase in revenue in FY26, driven by healthy volume growth across segments and an improved product mix. According to Elara Capital, absolute EBITDA grew 13.3% YoY, while the aggregate operating margin remained unchanged at 13.6%.
Among segments, suspension braking and multiproduct companies led revenue growth with increases of 16% and 15%, respectively. On the profitability front, the tyres, lighting and suspension segments recorded the strongest performance, with EBITDA rising 17%. In contrast, the forgings and batteries segments reported EBITDA declines of 4% and 1%, respectively.
Looking ahead to FY27, Elara Capital expects the passenger vehicle segment to grow 7%, while two-wheeler volumes are projected to increase 8%.
The brokerage said four key drivers can help an auto ancillary company outperform OEMs: product expansion, segment expansion, geographic expansion and inorganic expansion.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Domino’s Pizza EPS misses despite revenue beat

Domino’s Pizza EPS misses despite revenue beat
Business
California wealth sparks multi-billion-dollar Florida Gulf Coast boom
Florida real estate experts and California transplants speak to Fox News Digital about why more young people and families are relocating to the Sunshine State’s West Coast, from Tampa to Naples.
For decades, the standard play for wealthy out-of-state transplants was to head straight for the high-octane flash of Florida’s East Coast. But as California’s housing affordability challenges, homelessness and proposals for higher taxes have pushed some families to a state of constant “high alert,” a secondary corporate and residential gold rush is quietly emerging along the Gulf Coast.
Driven by an I-75 corridor stretching from Tampa to Marco Island, Hollywood elites and high-net-worth families are trading the challenges of major West Coast cities for what transplants describe as a “smaller, safer Beverly Hills,” helping fuel a multibillion-dollar real estate boom in historically quiet retirement havens.
“This is actually very, very common, especially the younger that the family is. I think that the older the demographic gets, they are coming specifically for one reason, and that’s either retirement or to be close to family. But when you have a younger family… or someone that just graduated college, they are looking for lots of different life transitions to happen, wherever that is. So they are not just looking for where they’re familiar with vacationing and what that kind of lifestyle is, they want to know what it’s like to live there,” Compass agent and Naples native Madeline Tracy told Fox News Digital.
Her clients, longtime Los Angeles actors Philip Levens and Carolyn Stotesbery, recently purchased a home in Naples after spending more than two decades in California.
SILICON VALLEY ELITE DROP RECORD WEALTH TO BUILD FLORIDA’S NEW ‘TECH CAPITAL’
“I flew into Tampa, St. Pete, Sarasota, went all the way down the coast and I kept saying, ‘No, this isn’t where I would want to live.’ And I was actually getting a little depressed thinking, okay, well, maybe this side of Florida isn’t what we need,” Levens recalled. “I remember I drove to downtown Naples, and then I took a right there that goes to the dead ends of the beach. I got out of the car… I called my wife and I said, ‘This is where we’re going to live.’”

Following I-75 from California to Florida, more young people and families are planting new roots along the Gulf Coast. (Getty Images)
“He was FaceTiming me from the beach,” Stotesbery said, “and he just had a sparkle in his eye, and showed me the beach and the city, and loved the architecture and the colors, and it just really called to us.”
“Tampa down to Naples is a unique corridor because it gives you, in that two-and-a-half-hour geographical drive that you would have… you have both culture, you have the arts there, but you’re able to settle in a more quaint community that isn’t as urbanized as it may be on the East Coast,” Kolter Urban Senior Vice President Ed Jahn told Fox News Digital.
The Gulf Coast migration could soon see an extra boost as newly-minted millionaires from tech IPOs like SpaceX — and eventually Anthropic and OpenAI — move their capital and residencies to tax-friendly Florida, finding more price flexibility along the state’s western coastline as markets like Miami become oversaturated.
Blanca Commercial Real Estate CEO Tere Blanca and DaGrosa Capital Partners Chair Joe DaGrosa speak to Fox News Digital about how a California commercial exodus has followed a residential one to the Sunshine State.
For Levens and Stotesbery, their move is fueled by what they describe as a desire to escape concerns about public safety and city governance in major metropolitan areas such as Los Angeles.
“The first thing I notice is there’s no homeless people in homeless tents, [homeless] cities and garbage,” Levens said. “When you come from a city that is not well-run, like Los Angeles, you immediately notice the difference, and just everything seems to work.”
“I was walking my daughter in the stroller in Los Angeles and there was a homeless man like lying on the ground while I was strolling past,” Stotesbery said. “It just really kept my nervous system on high alert, and so when we came here, just the entire vibe of the city made us feel just more at ease and peaceful.”
Naples has transformed significantly over the last 15 years from a quiet retirement town with agricultural remnants into an elite luxury destination that now attracts premier global brands. Upon his first visit, Levens said it reminded him of Beverly Hills.
CALIFORNIA EXODUS 2.0: HOW SPACEX, TECH IPOs COULD TRIGGER THE NEXT MASSIVE WEALTH FLIGHT TO FLORIDA
“Downtown Naples has a very similar architectural style to Beverly Hills. That struck me right [away], I saw that immediately. But also, Beverly Hills is a very clean, safe area, but it’s still surrounded by Los Angeles. And so you don’t have that here. You have swamps or… the ocean,” he explained. “So Naples as a whole is much safer than Beverly Hills, and it’s cleaner, too.”
Ft. Lauderdale DDA CEO Jenni Morejon, DaGrosa Capital Partners founder Joe DaGrosa and Naftali Group CEO Miki Naftali speak to Fox News Digital about how SpaceX, OpenAI and Anthropic IPOs could trigger another exodus to Florida.
“When I was five years old, okay, Waterside Shops was not Waterside Shops. It was a strip mall with a Victoria’s Secret in it, and next to the CVS was a chicken farm. So it has so drastically changed over time with just the commercial aspect of it really building up,” Tracy added. “They do have this exclusivity feel, but also this extension of feeling like, oh, this feels like home, this feels something familiar where I just came from that you can’t get [anywhere] else.”
“The East Coast did seem quite hustle-and-bustle for us and our family,” Stotesbery also noted. “Peacefulness was a big part of what I valued for my daughters growing up and our children in general… If we wanna go off for a weekend to Miami, like we can go off for a weekend to Miami or to Delray or the East Coast, have a date night over there, bring in grandma, watch the kids. But what do we want for our overall experience day to day?”
The wave of liquid capital emanating from recent gains in the technology sector, private-company liquidity events and financial markets has lowered the average age of luxury buyers, creating a younger class of affluent primary residents. This trend has benefited developers like Kolter Urban, which has more than $3.2 billion invested in active Gulf Coast developments.
“When you come from a city that is not well run, like Los Angeles, you immediately notice the difference.”
“These buyers that are in the financial markets, whether they’re in cryptocurrency… or private equity, that group of buyer wants flexibility, wants convenience. And the urban condo high-rise lifestyle that is centered in great walkability areas, such as Sarasota, St. Pete, Tampa, down in Naples, offers them that,” Jahn said.
According to the local real estate professionals and recent transplants, overcoming the hesitation to relocate often leads to a ripple effect: Once a household makes the move, friends and colleagues in higher-tax states frequently express interest in following suit.
“Focus on the lifestyle, not the house. You can make a house into a home by changing the floors, by changing whatever you want. But it’s so, so important that you do what Carolyn and Philip did and come down, experience the neighborhoods,” Tracy encouraged.
Fox News real estate contributor Katrina Campins joins ‘Varney & Co.’ to discuss Florida’s housing boom, the blue state wealth exodus and why soaring luxury demand is pricing out first-time homebuyers.
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“It’s a big move from California to here. It’s 3,000 miles and there’s a lot of things your friends say, ‘Why? How can you leave?’” Levens said. “So it’s a difficult move, but I would say just do it… Fortune smiles on the bold. Just make the move and things will fall into place the way you need them to.”
“There’s always a reason to talk yourself out of something like this,” Stotesbery said. “But when you decide, ‘I want to change, I want a new lifestyle, this isn’t working for me anymore,’ and you stop procrastinating and move past that fear and that anxiety, it’s so worth it.”
Business
FIIs and mutual funds increase stakes in Groww. Should you buy, sell, or hold?
The optimism is also supported by Groww’s strong Q1FY27 performance. The company delivered a strong Q1FY27 performance, with net profit surging 94% year-on-year and revenue climbing 66%. Following the results, several leading brokerages maintained a positive view on the stock, with some raising their price targets.
With institutional ownership rising and earnings momentum improving, the key question for investors is — should you Buy, Sell, or Hold Groww shares?
Groww Q1FY27 Results: Profit nearly doubles, Revenue jumps 66%
The company reported a 94.44% year-on-year jump in Q1FY27 net profit to Rs 735 crore, compared with Rs 378 crore in the corresponding quarter last year.
Groww’s revenue from operations also witnessed a sharp uptick, rising 66% to Rs 1,504 crore from Rs 904 crore in the corresponding quarter of the previous financial year.
What are brokerages saying after the Q1FY27 results?
Global brokerage Jefferies has maintained a positive stance on Groww and assigned a target price of Rs 250, indicating a potential upside of around 21%.According to Jefferies, Groww is well positioned to benefit from the structural shift in household savings from traditional fixed-income products toward equity and market-linked investments. The brokerage highlighted Groww’s product-agnostic platform, noting that expansion into newer products and services could increase customer engagement and improve wallet share.
Jefferies has raised its FY27-FY29 earnings per share (EPS) estimates by 1-6%, with the revised target price also reflecting a valuation roll-forward to September 2028. The brokerage noted that the stock currently trades at around 45 times FY27 estimated earnings, with an expected three-year EPS compound annual growth rate (CAGR) of about 30%.
JM Financial has turned more positive on Groww, upgrading its rating from Sell to Buy and increasing the target price to Rs 250 from Rs 170. The brokerage said its confidence in Groww’s growth outlook has improved after the company delivered a resilient performance despite a slowdown in retail trading activity compared with the previous quarter’s peak.
JM Financial highlighted improving operational efficiency, with Groww’s cost-to-income ratio declining by 3 percentage points quarter-on-quarter to 36%. The brokerage has raised its FY27, FY28, and FY29 EPS estimates by 4%, 6%, and 11%, respectively. It now values Groww at a 50% premium to Angel One, compared with 20% earlier, citing stronger earnings growth, better margins, and a larger customer asset base.
Motilal Oswal has also retained its Buy rating on Groww with a revised target price of Rs 250. The brokerage expects Groww’s broking order volumes to grow by more than 20% during FY27 and FY28, supported by continued market share gains and improving revenue per order. It believes additional growth drivers could come from businesses such as Margin Trading Facility (MTF), Loan Against Securities (LAS), and wealth management services.
Motilal Oswal has increased its earnings estimates by 1% for FY27 and 3% for FY28, factoring in improved operating efficiency. The revised target price is based on a valuation of 38 times FY28 estimated EPS.
The rise in institutional ownership, strong customer growth, improving operational efficiency, and positive brokerage commentary indicate growing confidence in Groww’s long-term story.
For long-term investors, Groww’s expanding ecosystem, rising retail participation in equities, and institutional backing remain key positives. Short-term investors may need to monitor valuation comfort and market volatility before taking fresh positions.
Groww shares doubled investor wealth since listing
Billionbrains Garage Ventures made its stock market debut on November 12, 2025, listing on both the NSE and BSE. The company’s IPO was priced at Rs 100 per share, while the stock opened at a listing price of Rs 112 per share. Since then, the stock has delivered strong returns. Currently trading around Rs 203 per share, Groww has more than doubled investor wealth from its issue price in just about eight months.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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