FINANCIAL NEWS
Ford to invest $3.7 billion in EV, gas-engine production amid strong demand

In an effort to expand vehicle production, Ford Motor Co. said Thursday it plans to add 6,200 union manufacturing jobs and invest $3.7 billion into plants in Michigan, Ohio, and Missouri.

Intel gives discouraging update on macro environment, freezes hiring

Intel is joining other companies in reassessing priorities amid global economic uncertainty as it adjusts near-term spending plans.

Spotify plans to reach 1 billion subscribers by 2030, shares rise

At the company's recent Investor Day, music streaming service Spotify said it expects revenue to increase tenfold in the coming decade.

Apple to announce iPad changes, including making it more like a laptop

Next week, Apple Inc. is expected to announce significant changes to the iPad's software which will likely morph the tablet into more of a computer and less of a phone, according to people familiar with the matter.

GameStop reports a mixed bag of earnings results, shifts to NFTs

On Wednesday, GameStop reported mixed first-quarter results as the video game retailer pivots toward a more online-focused model and shifts to cryptocurrencies and nonfungible tokens.

Salesforce raises profit forecast, climbs 9% on solid perfomance

On Tuesday, shares of the cloud-based customer relationship management company, Salesforce, jumped around 9% in extended trading after posting a better-than-expected increase in fiscal first-quarter revenue.

Zoom regains investor optimism; a good time to buy

During the COVID-19 pandemic, Zoom Video Communications' video-and-voice teleconferencing platform became a global sensation after meeting the needs of stay-at-home employees like no other company.

Nelson Peltz moves to Unilever to give it a P&G revamp

On Tuesday, Unilever PLC announced it would add Nelson Peltz to its board. following the news, shares of the consumer staple giant rose 10%.

Costco delivers earnings beat; not raising any fees despite inflation

Last week, Costco Wholesale reported fiscal 2022 third-quarter earnings that beat earnings per share and revenue expectations, bolstered by a record-breaking membership renewal rate.

Stellantis expands partnership with Toyota in long-term strategy push

Stellantis NV and Toyota Motor Europe NV said Monday they would expand their existing partnership to produce a new large-sized commercial van, including a battery-electric version for the European market.

5 Things to watch in this week's markets

Investors will be looking ahead to Eurozone inflation data, the ease of Covid restrictions in China, and Friday's non-farm payrolls as the turbulent month in equity markets are drawing to a close.

Nvidia posts record sales in data center and gaming

Graphics-chip maker Nvidia Corp. gave a muted sales outlook Wednesday as it posted record sales in Data Center and Gaming for the most recent quarter.

Alibaba surge in Hong Kong after strong earnings beat

On Friday, Alibaba Group Holding Ltd shares soared in Hong Kong, extending the positive momentum from U.S. trading overnight as investors welcomed the company's better-than-expected earnings.

Dell's earnings crush estimates on strong PC and enterprise demand

In premarket trading Friday, shares of Dell Technologies Inc. rose 12% after the company reported higher first-quarter sales and lower operating expenses.

Sony to ramp PS5 sales, buy more game studios, grow live services

Sony Group Corp.'s gaming division will ramp up production of its PlayStation 5 console, acquire more game studios and increase investment in additional offerings, its gaming chief said recently.

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