FINANCIAL NEWS
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.

Musk proposes to buy Twitter again at original bid days before trial

Backtracking his efforts to quit a deal and potentially avoiding a contentious courtroom battle, Elon Musk has reversed course and is again proposing to buy Twitter for $54.20 a share.

Greg Abel, Buffett's likely successor buys Berkshire stock worth $68 million

Vice Chairman and next in line to succeed Warren Buffett as Berkshire Hathaway Inc.'s Chief Executive, Greg Abel, spent more than $68 million on the conglomerate's shares last week.

Nike shares pushed lower by high inventory levels ahead of holiday season

Nike on Thursday said after two years of not having enough inventory, the athletic apparel company now has too much and taking aggressive steps to lower them.

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.

3 Investment opportunities other than the tech sector

The potential for global economic growth started weakening even before the Ukraine crisis, and although market uncertainty may have peaked in the first half of 2022, it still remains high.

Bond prices on the rise, sending stocks higher at close of trade

The US stock market ended a week of heavy losses on a positive note Wednesday after bond yields tumbled and left stocks looking more attractive to investors.

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.

Netflix stock surges on Wall Street upgrade and latest blockbuster

Responding to a Wall Street upgrade and news of a new blockbuster hit, Netflix stock rose 7.1% on Wednesday.

Twitter gains on discovery dispute between Elon Musk in latest hearing

Following Tuesday's hearing in a Delaware Court of Chancery between Twitter and Elon Musk related to a discovery dispute, Twitter stock ticked higher, ending the day at $42.09, up 1.4%.

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.

3 Things to know in this week's markets

Heading into this week's markets, JPMorgan analysts drop COIN price target for December, while Amazon plans a second Prime Day for the first time in one year. Elsewhere, General Motors Co said on Friday it will invest $760 million at its Toledo, Ohio factory to build drive units for electric trucks.

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