Musk not guilty
A jury in a California state court has found Elon Musk not guilty in a lawsuit brought by shareholders of the company he heads, Tesla. This was reported by CNN.
The lawsuit is based on a Twitter post by Musk, dated August 2018,...
Staffing at major tech companies
Amazon, Meta, Alphabet and Microsoft will collectively spend more than $10bn due to massive layoffs and other austerity measures. The Financial Times reported this on Friday, citing earnings reports.
It said the com...
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...
The best January since 2001
At the end of January the Nasdaq Composite stock index, consisting of shares of high-tech companies, rose by 11%, which was the best dynamics for this period since 2001.
Analysts consider several...
Construction of a new rail tunnel
The administration of U.S. President Joe Biden decided to allocate $292 million for the construction of a rail tunnel under the Hudson River between New York and New Jersey. This i...
TikTok in the US
The CEO of the Chinese social network TikTok Shou Zi Chew has agreed to testify before the U.S. Congress in late March because of growing concerns by U.S. authorities that personal information of Chinese citizens could come into the...
After the close of trading on Friday
The US stock market ended Friday's trading with gains in the commodities, industrials and technology sectors.
You can read how Friday's trading opened on the stock market at GlobalNY.biz by clicking here.
The D...
Stock market on Friday
US stock indices are moving weak and mixed in early trading on Friday as investors assess US labour market data.
The number of jobs in the United States economy increased by 223,000 in December, the slowest pace since Decembe...
US president's son's business
US lawyer Kevin Evans, who has sued the US Department of Justice, has said that White House chief of staff Joe Biden's administration refuses to publicise information about the business activities of the&...
Twitter failed to pay rent
The landlord of one of Twitter's offices in San Francisco has filed a lawsuit against it over the corporation's failure to pay $136,26,000 in rent, The Wall Street Journal reported.
The landlord is see...
Stock exchanges in 2022
Global stock exchanges and bond markets have lost more than $30 trillion in 2022, the most since the global financial crisis of 2008. This was reported by the British Financia...
Sanctions not a problem for Huawei
Huawei says it has emerged from "crisis mode" and has adapted to US restrictions. This was reported by The Wall Street Journal.
According to the newspaper, the company's telecommunications business is growing and,...
Storming the Capitol
Statements made by former US President Donald Trump before storming the Capitol pointed to the illegal nature of the protests, according to District Judge John Bates, who is prosecuting Alexander Sheppard, wh...
A 15-year contract
German energy company RWE has signed a contract with US firm Sempra Infrastructure to supply 2.25 million tonnes of liquefied natural gas (LNG) per year from the US. This was reported by DPA on Wednes...
Movies 2022
US action film Top Gun: Maverick starring Tom Cruise, drama Aftersun by British director Charlotte Wells and Tar by Todd Field were among the best foreign films in 2022.
Second in the ranking is Aftersun, Charlotte Wells' feature direct...
Rivian in 2022
Rivian's shares are trading at around $19.14, The Street reports. It's worth noting that Rivian is considered a major competitor to Tesla.
Rivian (NASDAQ: RIVN) shares started the year at $103.69. They are currently trading around $1...
Tesla shares
Downside investors have made $15bn since the start of the year on Tesla's plunge, according to MarketWatch.
New research shows that downside sellers have made $15 billion this year by betting that Tesla stock will fall as about $800 bi...
Competition in the digital advertising market
Alphabet and Meta have lost their edge in the digital advertising market due to growing competition from Amazon, TikTok, Microsoft and Apple. The Fi...
The Oscar 2023
The American Academy of Motion Picture Arts on Wednesday unveiled a shortlist of contenders for the Oscar in 10 categories.
A total of 15 films were shortlisted in this category out of 144 eligible documentaries, of which only five w...
The value of media groups
The combined market value of the largest media and entertainment conglomerates has fallen by more than $0.5 trillion this year as a result of falling share prices. This was reported by the Financial Times (FT).
Media, whic...
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