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The Wall Street Journal has reported that Meta Platforms may charge its European users for ad-free social media platforms. According to the article, the company is looking to charge about $14 per month for Instagram on phones, and $17 per month for Facebook and Instagram on desktops.
Tesla has delivered fewer cars than expected over Q3. Wall Street estimates were at 455,000 units, but the company only delivered 435,059 units. Analysts have been progressively lowering their expectations due to slowing demand in China. However, part of the issue also revolved around production, with the company producing only 430.488 units.
Rivian shares are gaining after the company was upgraded from hold to buy.
Yesterday, Nike reported better than expected profit for the 3 months ended 31 August (the company’s fiscal first quarter). However, it just missed on Wall Street’s revenue expectations. EPS came in at 94 cents vs. 75 cents estimated, with revenue at $12.94 billion against a forecast of $12.98 billion.
GameStop (GME.us) has gapped up on the market’s cash open, and is trading over 3.5% higher, after Ryan Cohen was appointed as president and chief executive officer. The appointment will take place with immediate effect.
Watch this video for commentary on some of the companies that are at the forefront of the Artificial Intelligence (AI) revolution, as the fourth quarter gets underway
The United Auto Workers may extend strike action.
Hollywood writers have agreed to end their strike action. The strike ended in the early hours of Wednesday morning.
The tech giant upped its Artificial Intelligence game with the investment in Anthropic this week, but was also sued by the FTC for anticompetitive practices, in regards to its online retail market
Take a look at some major corporations that will be in the spotlight over the coming months, as the fourth quarter gets underway against diminishing AI frenzy and uncertain monetary outlook
Take a look at some major corporations that will be in the spotlight over the coming months, as the fourth quarter gets underway against diminishing AI frenzy and uncertain monetary outlook
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