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Big technology companies to spend more than $10bn on staff cuts
3 February 2023
Staffing at major tech companies Amazon, Meta, Alphabet and Microsoft will collectively spend more than $10bn due to massive layoffs and other austerity measures. The Financial Times reported this on Friday, citing earnings reports. It said the com
The US stock market closed up on Friday: The Dow Jones gaining 2.13%
7 January 2023
After the close of trading on Friday The US stock market ended Friday's trading with gains in the commodities, industrials and technology sectors. You can read how Friday's trading opened on the stock market at GlobalNY.biz by clicking here. The D
The US stock market is trading flat: The Dow Jones up 0.23%
6 January 2023
Stock market on Friday US stock indices are moving weak and mixed in early trading on Friday as investors assess US labour market data. The number of jobs in the United States economy increased by 223,000 in December, the slowest pace since Decembe
San Francisco office landlord sues Twitter
2 January 2023
Twitter failed to pay rent The landlord of one of Twitter's offices in San Francisco has filed a lawsuit against it over the corporation's failure to pay $136,26,000 in rent, The Wall Street Journal reported. The landlord is see
Global stock exchanges and bond markets lose more than $30 trillion in 2022
31 December 2022
Stock exchanges in 2022 Global stock exchanges and bond markets have lost more than $30 trillion in 2022, the most since the global financial crisis of 2008. This was reported by the British Financia
Huawei is out of crisis despite US sanctions
30 December 2022
Sanctions not a problem for Huawei Huawei says it has emerged from "crisis mode" and has adapted to US restrictions. This was reported by The Wall Street Journal. According to the newspaper, the company's telecommunications business is growing and,
Sempra Infrastructure contracts RWE for 2.25 million tonnes of liquefied natural gas per year
28 December 2022
A 15-year contract German energy company RWE has signed a contract with US firm Sempra Infrastructure to supply 2.25 million tonnes of liquefied natural gas (LNG) per year from the US. This was reported by DPA on Wednes
Rivian has its a horrible year ever
26 December 2022
Rivian in 2022 Rivian's shares are trading at around $19.14, The Street reports. It's worth noting that Rivian is considered a major competitor to Tesla. Rivian (NASDAQ: RIVN) shares started the year at $103.69. They are currently trading around $1
Investors made $15 billion on Tesla shares plunge
25 December 2022
Tesla shares Downside investors have made $15bn since the start of the year on Tesla's plunge, according to MarketWatch. New research shows that downside sellers have made $15 billion this year by betting that Tesla stock will fall as about $800 bi
Alphabet and Meta lose lead in the US digital advertising market
23 December 2022
Competition in the digital advertising market Alphabet and Meta have lost their edge in the digital advertising market due to growing competition from Amazon, TikTok, Microsoft and Apple. The Fi
Value of media groups down $527bn
21 December 2022
The value of media groups The combined market value of the largest media and entertainment conglomerates has fallen by more than $0.5 trillion this year as a result of falling share prices. This was reported by the Financial Times (FT). Media, whic
L3Harris to acquire rocket engine manufacturer Aerojet Rocketdyne for $4.7 billion
19 December 2022
A deal between two companies L3Harris has announced a $4.7bn agreement to acquire rocket engine specialist Aerojet Rocketdyne. The company notes that the acquisition of the rocket engine manufacturer will allow it to "
Binance exchange stops withdrawal of cryptocurrency because of FTX collapse
13 December 2022
FTX collapse The world's largest cryptocurrency exchange, Binance, has suspended USDC digital currency withdrawals from customer accounts due to growing investor concerns amid the bankruptcy of the FTX exchange. Th
Apple plans to move production from China
4 December 2022
Apple's manufacturing in China Apple has accelerated plans in recent weeks to move some of its manufacturing out of China. This was reported by The Wall Street Journal. The Wall Street Journal said
US stock market on Friday: The Dow Jones up 0.10%
3 December 2022
Stock market trades The US stock market ended Friday's trading multidirectional. The market is performing on the back of negative momentum from the oil and gas, technology and utilities sectors. At the close on the New York Stock Exchange the Dow J
Sam Bankman-Fried said his fortune had been reduced to $100,000
30 November 2022
FTX exchange founder's fortune Sam Bankman-Fried, founder of cryptocurrency exchange FTX, which is going through bankruptcy proceedings, said he only had $100k left in his bank account, although his fortune was once valued at $26.5bn.
Elon Musk talks about upcoming Twitter update
27 November 2022
Twitter update Elon Musk talks about the planned "Twitter 2.0" update and the innovations the social network will receive. The new Twitter concept sounds like "an app for everything". The billionaire stated that there will be interactive advertisem
The US stock market rises on Friday: The Dow adds 0.56%
18 November 2022
Companies and the stock market US stock indices are rising in early trading on Friday, recovering from a decline the day before. The Dow Jones Industrial Average added +0.56% to 33,734.88 points by 11:20 a.m. ET. The Standard and Poor's 500 added
Market on Friday: Nasdaq adds 1.9%
12 November 2022
Stock market at the end of the week The US stock market ended Friday's trading higher, as sectors such as oil, gas, consumer services and technology strengthened. At the close of trading on the New York Stock Exchange the Dow Jones rose 0.10% to a
Elon Musk warns that Twitter may go bankrupt from loss of profits
11 November 2022
Musk's assumptions about the bankruptcy of Twitter Entrepreneur Elon Musk said in his first address to Twitter employees that the company could go bankrupt if it does not bring in more money. This was rep
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Alena Potapova

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