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Microsoft (MSFT.us) jumped close to 4% in yesterday’s trade, reaching an all-time high after announcing its pricing strategy for a new artificial intelligence subscription service for Microsoft 365. The company said Microsoft 365 Copilot software will cost $30 per month, adding AI capabilities to Word, PowerPoint, Excel, Outlook and Teams.
Effectively we saw profits surging at JPMorgan Chase (JPM.us) and Wells Fargo (WFC.us) on Friday, posting profits of 67%and 57% respectively, in large part due to net interest income. Bank of America (BAC.us) kept up with the momentum yesterday, which saw profits increase by 19%.
The EV king releases its earnings for the second quarter on July 19, during which deliveries hit new records with the help of price cuts, but these had harmed its profits in the previous quarter
The streaming pioneer releases its latest quarterly results on July 19th and any insights around the progress on password sharing crackdown and the ad-supported tier will be welcome
A judge has ruled against the Federal Trade Commission's plea for a preliminary injunction aimed at blocking Microsoft's (MSFT.us) acquisition of Activision Blizzard (ATVI.us), which is valued at a substantial $69 billion.
In a letter directed to Meta CEO Mark Zuckerberg, Twitter has accused Meta Platforms of unlawfully utilizing Twitter's proprietary knowledge to construct its new Threads application. Meta has refuted these allegations.
Rivian hit a low of $11.68 in late April. Since then, the company has appreciated by close to 75% and is currently trading at $20.43. Importantly, the daily chart’s On Balance Volume indicator has moved above its red declining trendline, which indicates that Rivian shares have been accumulated since late June.
Meta Platforms launched today a new text sharing app to compete against Elon Musk’s Twitter, as the rivalry between the two tech moguls has heated up recently, with a cage-match challenge
Electric vehicle startups have struggled over the past several months against an unfavorable external environment, but some of the Q2 delivery figures show that there may be light at the end of the tunnel
Tesla easily beat estimates regarding its deliveries for the second quarter.
Sports apparel and equipment giant NIKE saw higher Revenues in Q4 FY2023, boosted by China’s rebound, but its bottom line disappointed markets
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