Stock market on Wednesday
US stock indices are down today as traders assess statistical data and corporate reports.
At 09:53 ET, the Dow Jones index was down 217 points or 0.6%, while the S&P 500 was down 0.6% and the Nasdaq Composite was down ...
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...
Artificial intelligence becomes popular
An American chatbot based on artificial intelligence, ChatGPT, has set a record for the highest number of downloads by users. This was reported by Reuters, citing research by Swis...
Electric cars from BMW
Germany's BMW is investing $1.7bn in electric car production in the US. The head of the company, Oliver Zipse, told Reuters on Wednesday.
He said the company plans to produce at least six models of BMW electric...
News from Tesla
Electric car maker Tesla will have to cut around 10 per cent of its workforce. The head of the company, Elon Musk, made the announcement in an e-mail to staff, excerpts of which were published by Reuters on Friday.
The email sent ou...
United States economy
Gross domestic product (GDP) in the United States declined by 1.4% year-on-year in the Q1 2022. This follows preliminary data released by the US Department of Commerce on Thursday.
"Real GDP decli...
Musk and Twitter
Twitter founder and former CEO Jack Dorsey has backed the purchase of the company by US entrepreneur Elon Musk.
According to Dorsey, he regretted that Twitter, being a public c...
Consequences of pandemic production cuts
US aircraft maker Boeing plans to ramp up production of its narrow-body 737 MAX to 47 a month by the end of 2023. This was reported by Reuters on Saturday, citing its sources.
As the agency points out, Boein...
Falling after the report
Shares in music service Spotify fell more than 10 per cent to $171.9 after the close of principal trading on Wednesday, February 2, due to the company's weaker-than-expected subscriber forecast.
The service's shares were do...
Fighting COVID-19
US President Joe Biden will send medical teams to six states across the country to assist local doctors in dealing with the COVID-19 epidemic.
The announcement, according to U...
Electric cars from Xiaomi
Xiaomi has established an electric vehicle manufacturing subsidiary and may soon begin building a plant in Beijing. This suggests that a major new competitor will emerge in the global electric car market in the coming years...
The value of the dollar fell
The US dollar fell below yearly highs against major peers on Tuesday as traders waited for key US jobs data later in the week for clues on the timing of the Federal Reserve's stimulus cuts and the start of interest rate ...
State of the stock market on Thursday
Facebook (NASDAQ:FB) shares fell 3.1% on the New York Stock Exchange premarket on Thursday after the social media giant warned of a significant slowdown in revenue growth in the current third quarter and next.
...
Vaccine certification
British-Swedish pharmaceutical company AstraZeneca will continue to push for certification of its vaccine by the US Food and Drug Administration (FDA). The company's chief executive, Pascal Soriot,...
Company shares on the New York Stock Exchange
Shares in taxi service Didi Global Inc ADR (NYSE:DIDI) plummeted 20% on the New York Stock Exchange premarket after Chinese authorities blocked the company's ability to get new customers and ordered mobi...
New manufacturing plants
General Motors will increase its spending on electric cars, following a similar move by rival Ford, and also plans to open two new battery plants, Reuters reports. GM is counting on the US government to help f...
Negotiations to supply batteries
Apple is in talks with CATL and BYD to supply batteries for its future electric cars, according to media reports. The main obstacle may be Apple's requirement that the batteries for the Apple Car be manufactured in t...
Takeover bid
Nvidia (NASDAQ:NVDA) has filed an application with Chinese antitrust authorities to review a $40 billion takeover of UK chip developer Arm, currently owned by Japanese tech giant SoftBan...
Shares plummet
Moderna (NASDAQ:MRNA) shares tumbled more than 10% at the opening of trading in New York on Thursday on the back of the Biden administration's decision to support a COVID-19 vaccine intellectual...
Investment in Xiaomi
A court in Washington has temporarily blocked enforcement of a US ban on investments in Chinese company Xiaomi, calling the decision to blacklist the tech giant "deeply flawed". The Wall Street Journal reported this on Friday.
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