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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...
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...
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 "...
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'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 ...
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...
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....
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...
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 ...
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 ...
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...
Tesla shares
Earlier in the week Tesla shares fell 5% on Monday to their lowest since June 2021, as CEO Elon Musk led a reshuffle at Twitter.
Fears are mounting that rising losses at Musk's new company Twitter could force him to sell more of his st...
Testing the Hyperloop
Musk proposed the Hyperloop idea in 2012. The idea is for capsules carrying passengers or cargo to travel in tubes above the ground in highly rarefied air at speeds of up to 1,220 km/h.
"Full-scale Hyperloop test beg...
Start of trading
US stock indices are down in early trading on Monday. However, stock indices may end October with a record rise in decades.
The Dow Jones Industrial Average was up 14.4 per cent from the start of the month to the close of trading o...
Ads from carmaker
General Motors (GM) will suspend advertising on microblogging service Twitter (TWTR) in connection with the acquisition of the site by billionaire SpaceX and Tesla founder Elon Musk. It was reported by CNBC.
According to media rep...
After the stock plunge
The fortune of Mark Zuckerberg, the head of Meta Corp. on Thursday decreased by $11 billion after a significant drop in the company's shares on the back of the publication of i...
Twitter's new owner
Elon Musk said on Thursday that he had bought the company and the social networking site of the same name, Twitter, to preserve a platform on which a wide range of issues can be discussed in a "healthy" manner.
"The reason for m...
Company stocks on Monday
The US stock market rose steadily on Monday. Thus, the Dow Jones Industrial Average was up 414.01 points (1.33%) at 31496.57 points by 2:55 p.m. East Time on Monday.
The Standard and Poor's 500 rose 36.70 points (0.98%) to ...
Company stocks on Friday
The US stock market ended Friday's trading with gains in the commodities, consumer services and oil and gas sectors.
At the close of trading on the New York Stock Exchange, the Dow Jones rose 2.47 per cent to a one-month hi...
Quarterly report from the company
US telephone operator Verizon Communications (NYSE: VZ) reported a 24% decline in net income for the third quarter to $5 billion, compared with $6.6 billion in the s...
Companies rating
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