Late to the Party
On Monday morning, Adobe Systems Inc. faced a downgrade from Melius analyst Ben Reitzes, who admitted his call came later than ideal.
Adobe shares have dropped 22% year-to-date, and Reitzes predicts they may stagnate for some time...
UPS Plunges
United Parcel Service (UPS) recently announced a substantial workforce reduction in response to declining package volumes worldwide. CEO Carol Tomé highlighted this move during an earnings call, aiming to tackle financial challeng...
Leadership Change at Web Summit
Tech conference powerhouse, Web Summit, has announced Katherine Maher as its new Chief Executive Officer, succeeding Paddy Cosgrave. Maher, renowned for her previous r...
Ackman's Billion-Dollar Bet
Billionaire investor Bill Ackman's hedge fund, Pershing Square Capital Management, strategically increased holdings in Google's parent company, Alphabet, during Q2, capitalizing on the company's push into AI technologies....
Google's chatbot
Google has unveiled a new artificial intelligence (AI)-based chatbot, Bard, amid the growing popularity of Microsoft's ChatGPT AI-based chatbot. This was reported by CNN on Monday.
As noted b...
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 ...
The best January since 2001
At the end of January the Nasdaq Composite stock index, consisting of shares of high-tech companies, rose by 11%, which was the best dynamics for this period since 2001.
Analysts consider several...
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,...
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...
Insider about the new iPad
Apple is developing an unusual accessory for its iPad tablets that will be unveiled "as early as 2023". This is reported by a well-known insider and Bloomberg correspondent.
According to the correspondent, Apple is consid...
The fight against hunger in the United States
US companies and non-profit organisations have pledged more than $8 billion to meet US President Joe Biden's administration's goal of ending hunger and the spread of diet-related diseases by 2030. This w...
Google improves abortion transparency
According to a letter published by Senator Mark Warner, which the company sent to him and House Member Elissa Blair Slotkin on Thursday, Google has updated its features to better help those who use its tools to ...
Schedule for the week
The US stock market this week will react to the release of important economic data on inflation in April, imports and exports as well as the OPEC report.
Stocks in the US stock market start the week lower as investors react to...
NFT and YouTube
Video hosting service YouTube, owned by US company Google, has announced plans to use NFT technology to monetise content created on the platform. This is according to a statement published on the video hosting website ...
Nvidia and ARM
The US corporation Nvidia has decided to abandon its acquisition of UK company Arm due to disapproval of the deal by regulators. The Financial Times reported this on Tuesday, citing unnamed...
The market on Friday
U.S. stock indices were trending higher again Friday morning as the week will end with one day of fourth-quarter earnings reports.
Today's morning reports include reports from Regeneron Pharmaceuticals, Bristol-Myers Squibb, Ro...
US stock indices
All three major indices: Dow Jones, S&P 500 and Nasdaq rose at the premarket.
United Parcel Service shares rose after revenue of $27.7bn beat forecasts. UPS also increased its dividend by 49% to 0.50 cents per share.
ExxonMobi...
Vacancies in New York City
The new law requires most of the city's hiring companies to list expected salaries as of May 15.
New York City will require employers to include minimum and maximum salaries in job listings starting this spring, a require...
CES-2022
An unmanned tractor controlled by artificial intelligence, a smart door and bed and thousands of other technological innovations were unveiled at the Consumer Electronics Show (CES) in the US. It opened on Wednesday and runs until January 7...
Apple's capitalisation
Apple (AAPL) hit the $3 trillion mark in trading on Monday. The highest value on the US stock market today. Wall Street analysts point to Apple's record cash flow figures and share buyback programme on the list of arguments fo...
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