DELL staffing
Dell, one of the world's largest computer makers, has announced planned layoffs of 6,650 people due to a slump in demand for personal computers. It was announced by Bloomberg on Monday.
According to its data, the company's staff will ...
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...
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...
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...
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...
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...
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,...
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 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...
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...
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 ...
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