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FINANCIAL NEWS
Apple expands partnership with TSMC after tripling investment at Arizona chip plant

Chief Executive Tim Cook of Apple Inc. said Tuesday that the company would build chips again in the US after a nearly decade-long hiatus, a critical step in reducing its reliance on Asia-based manufacturing.

Tesla offers China buyers incentives as inventory levels at Shanghai plant rise

As China continues to grapple with the impact of on-and-off recurrences of COVID-19, Tesla Inc. is offering further incentives to the country's customers who buy and take delivery of new cars this month.

Salesforce stock plummets after announcing more high-profile departures

In the latest leadership shakeup, the cloud-based software-provider Salesforce.com announced the departure of Slack founder and CEO Stewart Butterfield, effective 31 January.

GM releases game plan and raises guidance for its EV transition

At its investor day in New York City on Thursday, General Motors raised its full-year guidance, saying it expects its portfolio of electric vehicles in North America to be "solidly profitable" by 2025.

Cisco stock gains on earnings beat and robust quarterly forecast

Shares of Cisco, the biggest maker of machines running computer networks and the internet, rose about 5% in extended trading Wednesday after reporting fiscal first-quarter results that beat analysts' estimates.

Nvidia beat earnings estimates on strong data centre demand

Chip designer and computing firm Nvidia assured investors on Wednesday that demand for its artificial intelligence and data-center chips remains strong, even as the company continues to struggle with a slowdown in the personal-computers market.

Amazon shrinks, wiping $1 trillion in market value

On Wednesday, Amazon shares hit a new 52-week low, closing at $86.14 a share and making it the first-ever public US company to lose more than $1 trillion in market capitalization.

Nvidia offers alternative chip for China that meets US export approval

After new rules threatened to cost Nvidia Corp. hundreds of millions of lost revenue, the most valuable chipmaker in the US has begun offering an alternative processor for customers in China to soften the blow from recently imposed US export restrictions.

Google announces partnership with Coinbase at Cloud Next Conference

Google parent Alphabet Inc. entered into a strategic partnership with Coinbase that will allow select customers to pay for cloud services with cryptocurrencies through Coinbase's payment platforms.

Tesla cuts 2022 delivery targets, downplays weakening vehicle demand

After the bell Wednesday, Tesla reported its highly-anticipated third-quarter earnings, in which the company addressed a broad range of questions, including Chief Executive Elon Musk's pending Twitter takeover.

Intel's Mobileye plans to offer 41 Million shares in IPO

According to a prospectus filed with the SEC, Intel Corp's Mobileye said it plans to offer 41 million class A shares at a projected price of $18 to $21 per share of its initial public offering.

Stellantis debuts "pure-electric Jeep" despite skepticsm on EU's 2035 targets

At the Paris Motor Show Monday, Stellantis debuted its "first pure-electric Jeep" as the automaker pushes to launch an additional 28 all-new electric vehicles through 2024.

Sony and Honda join hands to deliver first EVs by 2026

In a joint venture between Sony Group and Honda Motor, the companies will target the premium electric vehicle market and aim to deliver their first EVs by 2026.

Intel could cut thousands of jobs as demand for PC processors slows

According to a Bloomberg News report Tuesday, Intel corp is looking to make significant job cuts in the coming period, citing people with knowledge on the matter.

Rivian shares fall sharply after recalling 13,000 of its electric vehicles

Shares of Rivian fell sharply Monday after the California-based company said it would recall nearly all of its vehicles.

Uber inks 10-year deal with Motional to launch robotaxis in the US

Last week, Uber Technologies inked a 10-year deal with Motional, a joint venture between Hyundai Motor Group and Aptiv that offers driverless rides and enables food deliveries through its ordering service using Motional's new all-electric IONIQ 5-based robotaxis.

Mastercard launches new fraud protection tool to assess crypto exchanges

Mastercard on Tuesday launched a new piece of software that helps banks identify and cut off crypto exchanges prone to fraudulent transactions.

Micron agrees to invest up to $100 billion in New York chip factory

Adding to a wave of chip-making plans in the US, Micron Technology Inc. agreed to invest as much as $100 billion to build a semiconductor-manufacturing campus in upstate New York.

Sony aims high for its next virtual reality headset, shares climb

Aiming high for the launch of its next virtual reality headset, videogame giant Sony plans to make two million units of the PlayStation VR2 by March 2023.

Tesla deliveries bounce back but still short of Street estimates

In its most recent quarter, Tesla Inc.'s vehicle deliveries rebounded to 343,830, a new record and turnaround from earlier this year when a shutdown at its China factory and other challenges affected how many vehicles it managed to get into customers' driveways.

Apple's share of the mega-cap market appears unchallenged by Tesla's stock

Of the five biggest US companies by market value, Tesla’s shares are by far the most expensive, yet they’re the only ones whose performance comes close to Apple’s, a rarity for investors in the sector.

Walmart makes its first Moves into the Metaverse with Roblox Experiences

To target the next generation of shoppers, Walmart is opening a new superstore that comes with all the luxuries - from clothes, a roller skating rink, a Ferris wheel, and now - the metaverse.

Nio Inc. shares climb after Buying Stake in Greenwing Resources

Shares of Nio Inc. are up 2.78% in mid-day trading Monday, following an announced strategic funding transaction with Australian lithium firm - Greenwing Resources.

Hackers access and leaks footage of latest "Grand Theft Auto," says Take-Two

In a securities filing Monday, Take-Two Interactive Software Inc. disclosed hackers broke into the networks of its Rockstar Games Inc. unit, illegally accessing early-development footage of the company's next "Grand Theft Auto" video game.

Salesforce introduces new profitability goal alongside host of new products

The enterprise software maker, Salesforce, announced a new long-range profitability goal that showed the company's determination to operate more efficiently. At the Dreamforce conference Wednesday, Salesforce introduced a host of new products, including "Genie" and "Slack Canvas."

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