New data centres around the world
Oracle (ORCL) plans to open 14 data centres over the next year, the fastest growth of any major cloud company. Oracle shares have risen 47.3% since the start of the ...
Stock rises thanks to iPhone 13
The first months of Apple's iPhone 13 (AAPL) shipments have been stronger than the iPhone 12. This will benefit Apple's suppliers, who have already shown growth and expect further benefits from the continued 'upgrade ...
Tesla in Berlin
The Tesla factory in Berlin opened its doors to visitors on Saturday. CEO Elon Musk gave a speech, announcing plans to produce 5,000 to 10,000 cars a day, the timing of the launch of battery production, and the ch...
Faster than Tesla
Xpeng Motors (XPEV), a Chinese electric car startup, has reached the milestone of 100,000 cars produced in six years twice as fast as market leader Tesla. Xpeng models are cheaper than their ...
Comic-Con is back
Fans of comic books and superhero movies returned to the Javits Center in New York on Thursday. Comic-Con, which was a virtual event due to the Covid virus last year, has returned to the Big Apple once again.
Participants expresse...
Moving to Austin
Last May, Elon Musk, frustrated by increasingly draconian management in California, threatened to move Tesla's headquarters to Texas. A month later, Tesla was in talks to build its huge new plant outside Austin. By December Musk him...
US jobs below expectations
The US economy added a record low number of new jobs outside agriculture in September since the start of 2021, with the unemployment rate falling t...
Increase in national debt
The Senate on Thursday approved a bill that raises the US national debt limit by $480 billion, but this funding will be exhausted by 3 December. A long-term bill is due to be decided in Decembe...
New features
Shares in Pinterest (PINS) rose 2.5 per cent on the pre-market Thursday after the company announced it was adding new features to encourage shopping on its platform.
On Wednesday, Pinterest (PINS) announced the launch of its new market...
GM's statements at presentation
General Motors' (GM) presentation to investors this week revealed details of the company's plans to double revenues, transform into a 'platform', build a fleet of 1m robot taxis and more. GM shares were up 4...
Global business
According to a recent study by Euler Hermes, the number of global business failures will increase by 15% by 2022, when government support programs will end in a pandemic. Companies in these countries will be the hardest hit.
Despite...
Unruly people on board aircraft
Despite the threat of tens of thousands of dollars of fines, groups of passengers acting erratically during flights, according to the FAA.
The latest FAA data was 7.1 reported incidents per 1...
Inflation for the households
Over the past couple of months, Allison, a wife and mother of a toddler and teenager from Chicago, says she's been spending about $50 more each week on groceries to feed her family and that's at the discount supermarket ...
Profit growth
Shares in Levi Strauss rose in the post-market after the clothing maker's financial results beat market expectations. Levi Strauss claimed benefits from its supply chain and promised a strong holiday quarter.
Shares in Levi ...
Share price rises after disruption
Shares in US company Facebook were up more than 2 per cent by the close of trading on the New York Stock Exchange on Tuesday.
According to data posted on the trading floor's website, the company's shares rose by $...
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 ...
Stocks fall ahead of jobs report
US stock futures fell sharply on Wednesday morning as investors awaited the latest labour market assessment.
Dow Jones Industrial Average futures fell 350 points, or 1.02%, while S&P 500 and Nasdaq 100 futures f...
What a US debt default would mean for the market
Congress is approaching the mid-October deadline to raise or suspend the debt ceiling, but Democrats and Republicans on Capitol Hill are in a sta...
The reason for the rise in the company's shares
The share price of Palantir (PLTR) rose sharply after Tuesday's close after the company won a multi-year contract worth 823 million from the US Army. The Palantir Gotham platfo...
Stocks rise
US stock indices rose on Tuesday as the major averages are expected to stabilise at or near their lowest level in months. The Dow Jones Industrial Average rose 114 points, or 0.34 pe...
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