Oil spill
A US federal grand jury on Wednesday indicted Texas-based US company Amplify Energy for an oil spill off the coast of Orange County, California, in October that released about 25,000 gallons (95,000 litres) of...
Victory for investors in court
Polish company CD Projekt, whose subsidiary CD Projekt RED developed the video game Cyberpunk 2077, will pay them $1.85 million in settlements with investors who sued it last December to drop their claims. This was ann...
A step into the Metaworld
Intel (INTC) says it will spend $7.1bn to build a chip manufacturing plant in Malaysia as it seeks to compete with TSMC. Intel claims software that will be a "technical breakthrough" ...
'Person of the Year' title
The head of the US company Tesla, Elon Musk, was named person of the year by the British Financial Times on Wednesday, thanks to his efforts to bring about "a historic automotive&nbs...
Market reaction to biggest jump
US producer price growth data for November confirmed the problem of rising inflation. Stock indices fell for the second consecutive day this week ahead of the Fed meeting. Economists are giving their forecasts for the...
Electric Lexus
Toyota president Akio Toyoda on Tuesday announced a $70 billion plan to electrify the automaker's lineup, which includes making Lexus an all-electric brand by 2035.
By 2030, the project will see the launch of 30 battery electric vehi...
Nike in the Metaworld
Nike (NKE) on Monday announced the purchase of RTFKT, a start-up that creates unique virtual products to "fuse the realities of fashion and gaming". Nike believes the RTFKT team will help...
Demand for electric vehicles
The lithium price index from research firm and price provider Benchmark Mineral Intelligence doubled from May to November and is up around 240% year on year. Th...
Buying for cash
Arena Pharmaceuticals (ARNA) shares rose 93% in premarket trading on Monday after Pfizer (PFE) announced a $6.7bn cash acquisition at $100 a share double the current price. Market analysts are raisi...
Stock futures at the start of the week
US stock futures rose early in the week after the S&P 500 hit a record high following an inflation reading that was the highest in decades.
S&P 500 futures rose 0.2 per cent and Dow Jones Industrial Av...
Total protection
Ride-sharing companies Uber Technologies Inc. and Lyft Inc. are fighting an increase in violent crime and are introducing new security measures and policies to try to better protect drivers.
According to the Federal Bureau of Inves...
Eminem's former estate
A luxury estate in Rochester, Michigan previously owned by both Detroit rapper Marshall Bruce Mathers III (Eminem) and former Kmart CEO, is back on the market for more than $3 million.
The gated home at 5760 Winkler...
Strike by ABetterABK
As Activision Blizzard works to improve its workplace culture, unions are brewing within the video game company A group of workers known as ABetterABK has teamed up with Communications Workers of America and begun asking colleag...
A hospitality industry without workers
We have been hearing about this for months. Business owners are struggling to find workers. A labour shortage puts catering businesses at a standstill during the busy holiday season.
D...
Record fine for Amazon
Amazon (AMZN) shares were down 1.13% on Thursday after the Italian antitrust authority handed Amazon a $1.28bn fine for abusing its dominant market position.
E-commerce&n...
Rising inflation not a hindrance
US equity futures remained cautiously high despite a surge in inflation. Major futures indices were up 0.4% when trading on Wall Street started after Thursday's mixed session.
The Bureau of Labor Statistics reported...
There will be no sequel
Streaming service Netflix has not renewed Cowboy Bebop, 2021, the remake of the late 90s anime of the same name, for a second season. According to The Hollywood Reporter, the&...
A great quarter for Oracle
Oracle (ORCL) continues to benefit from growth in cloud services. Oracle's Q2 FY2022 revenue and earnings report was above market analysts' estimates for Q3. 2022 and Oracle's outlook for Q3 w...
Wage hikes
US workers expect one of the biggest pay rises in more than a decade, reflecting an extremely tight labour market and the highest inflation in 30 years.
A Conference Board surve...
GameStop losses
GameStop (GME) shares fell on Wednesday after reporting higher loss growth than market analysts had predicted. GameStop management cited revenue growth, ongoing transformation and amb...
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