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TSLA

General Motors Takes $5 Billion Hit From Ailing China Business

The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands...

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MSFT

Microsoft faces U.K. suit over cloud computing licenses, Reuters reports

Microsoft (MSFT) is facing a claim in Britian that thousands of businesses using cloud computing services provided by Amazon (AMZN), Google (GOOGL) and Alibaba (BABA) may be paying higher license fees to use Windows Server software, Reuters’ Paul Sandle reports. Competition lawyer Maria Luisa Stasi has filed a case at Britain’s Competition Appeal Tribunal, alleging that British businesses and organizations could collectively be owed more than $1.27B in compensation, Sandle writes, arguing that M...

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GOOGL

Lerer Hippeau-backed startup On Me wants to disrupt the $200 billion gift card duopoly

Founded by Google veterans, On Me is launching its digital-focused gift card product with $1.7 million in funding from Lerer Hippeau and Mastercard...

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TSLA

Tesla Stock Rises. Why There’s Wall Street Worry About Deliveries, Growth.

Goldman Sachs analyst Mark Delaney doesn’t think EV maker's sales will grow in 2024. The bigger deal for investors, however, is 2025...

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MSFT

UK to publish provisional report on cloud computing in January

Britain's competition regulator will issue its provisional findings of its cloud computing investigation in January, rather than this month, according to a revised timetable published on Wednesday. The Competition and Markets Authority (CMA) is investigating cloud computing, a market dominated by Amazon's AWS, Microsoft's Azure and, to a lesser extent, Google Cloud Platform. It launched its investigation after Britain's media regulator Ofcom raised concerns that data transfer fees, volume discounts and other features of the market could be stopping customers from switching supplier or using multiple suppliers...

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AAPL AMZN

Wall Street Lunch: UnitedHealthcare Executive Gunned Down In New York

UnitedHealthcare CEO Brian Thompson was shot and killed this morning outside a midtown Manhattan hotel...

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MSFT

Bill Gates wants to help ‘make sense of the world around you’ this Christmas with his holiday reading list

The Microsoft co-founder and philanthropist recommends four works of non-fiction largely grouped around technological progress and its impact on society...

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TSLA

Trending tickers: Salesforce, Meta, Palantir, AT&T and L&G

The latest investor updates on stocks that are trending on Wednesday...

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GOOGL

Google enhances Vertex AI with Veo

Veo can create high-quality 1080p resolution video with 24 or 30 frames per second in various cinematic and visual styles...

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AMZN

Marvell Q3: Lofty Expectations Could Burn Investors (Downgrade)

Marvell Technology delivered a stunning beat-and-raise in its fiscal Q3 earnings release. Click here to find out why I downgrade my rating on MRVL stock to hold...

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