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According To Ad Specialists, Musk's Twitter Rate Limits Could Hurt The New CEO

According to marketing industry experts, Elon Musk's decision to temporarily limit the number of messages that Twitter users may view on the social media platform could jeopardise the company's efforts to draw in advertisers under its new CEO Linda Yaccarino.   In an effort to prevent...

Apple Stock Sets New Highs And Is Approaching A $3 Trillion Market Cap

Apple's stock reached a record high closing and was just short of reaching a market capitalization of $3 trillion.   According to Refinitiv statistics, the shares of the iPhone manufacturer increased 0.6% to close the day at $189.25, putting Apple's market worth at $2.98 trillion. Apple's...

Exxon Mobil Increases Its Lithium Stake With A Tetra Technologies Agreement

Exxon Mobil and Tetra Technologies Inc. have agreed to develop more than 6,100 acres in Arkansas that are rich in lithium. This is the oil giant's second move this year to gain control of the resources required to generate the metal for electric vehicle batteries.   Exxon's quick entry into...

Now Volvo EVs Can Use Tesla Superchargers

In order to grant its electric vehicles (EVs) access to Tesla's Supercharger network in the United States, Canada, and Mexico, Swedish automaker Volvo Cars announced on Tuesday that it had reached an agreement with the EV manufacturer.   With this agreement, Volvo becomes the first European...

UBS Will Eliminate More Than Half Of The Credit Suisse Workforce: Report

According to a Bloomberg News story, UBS Group plans to reduce more than half of Credit Suisse's personnel as a result of the bank's acquisition.   The majority of the risk is projected to fall on bankers, traders, and support workers at Credit Suisse's investment bank in London, New York,...

HSBC Switches From A London Tower To A Modest Office As The Real Estate Market Unravels

One of the most notable recent examples of an office downsizing trend that is shaking commercial real estate markets around the world is HSBC's decision to forgo its 45-floor Canary Wharf tower in lieu of a much smaller structure in downtown London.   The largest bank in Europe informed...

Nvidia Provides Cloud Data Company Snowflake With Its AI Computing Platform

With the help of a partnership between cloud data analytics provider Snowflake and the computer manufacturer Nvidia, customers in the retail, healthcare, and finance sectors will be able to create AI models using their own data.   The cooperation was declared by the two businesses on Monday...

Indictment Reveals Strategy For Stealing Samsung Secrets For Foxconn Project In China

According to a sealed indictment by South Korean authorities, when former Samsung executive Choi Jinseog won a contract with Taiwan's Foxconn in 2018, he used his former employer's supplier network to steal trade secrets to aid his new client in establishing a chip factory in China.  ...

Belgium Has Ordered Binance To Suspend All Of Its Digital Currency Services

Binance is under more pressure after receiving a directive from Belgium's FSMA regulator on Friday to stop providing any virtual currency services there.   Changpeng Zhao started Binance in Shanghai in 2017, and it has since come to dominate the cryptocurrency market. However, regulators...

Accenture's Underwhelming Prediction For The IT Sector Foreshadows Additional Suffering

Accenture's Thursday quarterly sales projection, which fell short of Wall Street expectations, fueled worries about declining IT investment and caused its shares to drop more than 5%.   Julie Sweet, the CEO, echoed comments made by Cognizant Technology Solutions earlier this month when she...

Tesla's Musk Plans To Make Large Investments In Indi Following A Meeting With Modi

Elon Musk, the CEO of Tesla, claimed that India's Prime Minister Narendra Modi was pressuring the automaker to make a "significant investment" in the nation, and that an announcement of this like was shortly to come.   After meeting Modi on Tuesday during the Indian president's state visit...

KKR Will Acquire Approximately $44 Billion Of Paypal's Buy Now, Pay Later Loans In Europe

PayPal announced on Tuesday that investment firm KKR has agreed to buy a sizeable amount of its buy now, pay later (BNPL) loans in Europe, up to 40 billion euros ($43.71 billion).   Even though BNPL is still widely used by millennials and Gen Z customers following the pandemic-driven...
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