(WSJ) Chinese chipmaker SMIC could face a block for its chip materials from the US as the Defense Department advises sealing a loophole used for sourcing. The proposal by the…
(CNBC) CNBC has announced the launch of the next generation index for tracking stocks popular among young people and budding investors. The CNBC Next Generation 50 Index will be a…
(Oracle) Shares of Oracle Corporation surged more than 10% on Friday after the company announced 2022 second-quarter revenue of $10.4 billion, up 6% from the prior year. Oracle’s cloud services…
(SEC Filing) Meme stock AMC Entertainment Holdings extended losses in premarket after closing down almost 9% on Thursday after top chiefs sold more stock. AMC CEO Adam Aron sold 312,500…
(Twitter) Tesla and SpaceX CEO Elon Musk has hinted at leaving his jobs and becoming a full-time influencer. Musk says he longs for a bit of free time instead of…
(ONS) UK gross domestic product expanded by 0.1% in October, missing expected 0.4% growth with headwinds in construction and industrial production. GDP had grown by 0.6% in September. Industrial output…
(Markets Insider) Ark Invest’s Cathie Wood sees Bitcoin surpassing $500,000 as institutional investors seeking to diversify from the traditional asset classes increase. Wood says institutional investors are always exploring opportunities…
(Financial Times) Property giant China Evergrande Group has been rated “restricted default” by global credit watcher Fitch, as the firm failed to make interest payments this week. Fitch is so…
(Census Bureau) Sales of wholesale inventories in the US were $620.5 billion in October, a jump of 2.2% from September. The wholesale sales were up 22.2% from the October 2020…
(Twitter) Meta has started testing transactions on its messaging service WhatsApp through the Novi wallet. Meta says it will allow the new feature for a limited number of users in…
(Cnet) Meta, the parent company of Facebook, has created an artificial intelligence technology to flag harmful and misleading content quickly. Meta says the new AI system, Few-Shot Learner, requires a…
(WSJ) A US appeals court has ruled that Apple can delay changes ordered by a federal judge on its App Store as part of an antitrust case with Epic Games…