EV sales at General Motors are coming a little more slowly that expected. But things at Cadillac look just fine...
Continue ReadingSam Altman lost his job as OpenAI boss last month in the boardroom coup heard around the world...
Continue ReadingThe world looks risky in 2023, with the NASDAQ-100 at 29 times earnings, and wars in Ukraine and the Middle East. Click here for a detailed analysis...
Continue ReadingAt the end of November, Amazon.com Inc (NASDAQ: AMZN) held its re:Invent conference that kicked of with a slew of announcements that showed the e-commerce titan is working hard to challenge the early market dominance of its main AI rival, Microsoft Corporation (NASDAQ: MSFT). Today, Alphabet (NASDAQ: GOOG)-owned Google announced it took its next AI leap with the launch of an AI model trained to behave in human-like ways. Google Debuted Its Latest Generative AI Offering Today, Google debuted Gemi...
Continue ReadingMicrosoft’s battle to defend its acquisition of video game publisher Activision Blizzard is not yet over...
Continue ReadingTesla (TSLA) closed at $239.37 in the latest trading session, marking a +0.27% move from the prior day...
Continue ReadingThe FTC is trying to block Microsoft's acquisition of Activision Blizzard, the maker of the popular "Call of Duty" franchise, after a lower court allowed the deal to proceed...
Continue Reading(Bloomberg) -- Microsoft Corp.’s $69 billion acquisition of Activision Blizzard Inc. drew questions from an appeals court that was reviewing the Federal Trade Commission’s challenge to a ruling that cleared the deal earlier this year.Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpGlobal Bonds Power Ahead as Dovish Bets Take Hold: Markets WrapKevin McCarthy Leaving House Months After Ouster a...
Continue ReadingAn internal Amazon memo has provided a stark look at the company’s carefully laid out plans to grow its influence in Southern California through a plethora of efforts that include burnishing its reputation through charity work and pushing back against “labor agitation” from the Teamsters and other groups. The eight-page document — titled “community engagement plan” for 2024 — provides a rare glimpse into how one of American’s biggest companies executes on its public relations objectives and attempts to curtail reputational harm stemming from criticisms of its business. It also illustrates how Amazon aims to methodically court local politicians and community groups in order to push its interests in a region where it could be hampered by local moratoriums on warehouse development, and it is facing resistance from environmental and labor activists...
Continue ReadingPensionDanmark, one of Denmark's largest pension funds, said on Wednesday it had decided to sell its holdings in Tesla over the U.S. auto company's refusal to enter into agreements with labour unions. The decision is part of a growing Nordic movement to force Tesla to sign collective bargaining agreements with Swedish mechanics, who have been on strike since October. Labour unions in Norway and Denmark this week said they would start blocking transit shipments of Tesla cars meant for the Swedish market...
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