A look at which companies are making the biggest moves in the premarket: JPMorgan The bank reported fourth-quarter earnings and revenue before it even sounded a signal that beat Wall Street's expectations. Nevertheless, it said that a moderate recession is now a "major case." JPMorgan lost nearly 3% in initial trading. Lockheed Martin. Goldman Sachs downgraded the defense contractor from…
Chinese government agencies intend to buy so-called "golden shares" in units of Alibaba Group Holding Ltd. and Tencent Holdings Ltd., suggesting that Beijing is seeking to ensure greater control over key players in the world's largest Internet arena. The debate comes as Beijing prepares to loosen its grip on the sector and overcome the harsh crackdown that has engulfed almost…
By 2030, at least half of BMW Group vehicles worldwide will be fully electric. This follows from the main presentation of the German car manufacturer at the Consumer Electronics Show in Las Vegas, where BMW Chairman of the Board of Directors Oliver Zips on Wednesday presented a vision of the future of BMW, which is based on three main characteristics:…
Tim Cook, Apple's CEO, will cut his salary by more than 40 percent this year. According to the latest official announcement , Tim Cook's total compensation will be $99.4 million in 2022. His total salary was $13.4 million, including a $3 million salary, $83 million in stock and another $3.4 million in bonuses and incentives. Cook earned a total of…
OpenAI will likely use the investment to develop and scale its software and improve Microsoft products and services.The move is a gamble for Microsoft because OpenAI will inevitably face competition in the fast-growing and highly competitive field of artificial intelligence.According to Semafor sources, when Microsoft gets its money back, the deal will go to an ownership structure. Under this structure,…
The electric car company continues to advertise its Full Self-Redriving option, despite the recognition that the technology is not self-contained, it seems to violate a particular aspect of government regulations.California, Tesla’s main US market for electric cars, passed a new law in early 2023 that requires car manufacturers and dealers to avoid "misleading marketing" of partially automated driving technology as…
The Irish Data Protection Commission found that Meta illegally required users to consent to personalized and targeted advertising. Meta will pay about $223 million for violating Facebook’s privacy policy and about $191 million for its actions on Instagram. Meta announced plans to appeal the decision, stating that it believed that its approach to data protection respected user privacy. As a…
Everyone starts the new year thinking it will be the time when they finally change their lives . Maybe it's time to start a new project or say goodbye to an old one. Or maybe it's a goal to lose weight or read more books. Whatever the new year brings, chances are good that one thing that will help you…
Tesla, one of the worst shares of 2022, jumped on Thursday, leading a broader stock market growth that is likely to end a not-so-good and very bad year on a positive note.Markets grow on the strongest consumer confidence data since AprilTesla rose by 7.9% to $121.57, gaining 3.3% on Wednesday and largely offsetting the 11.5% Tuesday loss caused by supply…
FTX founder Sam Bankman-Fried was released from custody on Thursday after his attorneys negotiated a $250 million bail agreement with prosecutors, as former cryptocurrency titanium awaits federal criminal prosecution, but he didn’t actually contribute any of his own money to the plea agreement, despite an astronomical figure. HIGHLIGHTSBankman-Fried was released on personal recognizance, requiring his parents to contribute capital to…
Meta introduced several new programs and features in 2022 designed to improve security and safety on its platforms, the company said in its year-end news release . Last year, parent company Facebook and Instagram continued to focus on initiatives aimed at eliminating covert influence operations and spyware, as well as bug detection. Reprisals against coordinated misbehaviorAmid concerns about Russian interference…
AirTags are useful devices to help you find keys and other items. However, there have been some concerns about AirTags being used for stalking - after all, it's pretty easy to slip them into someone's bag. That was the subject of an article in The Washington Post , which found that by placing one of the small devices in a…
Instagram is releasing four new Reels templates that allow users to create videos with comments about their 2022 highlights. With this launch, Instagram still allows users to customize their year's highlights to share with subscribers. Traditionally, Instagram users would end the year with a post highlighting the top nine photos and videos. Last year, Instagram switched to video, encouraging users…
Finally, the business is introducing a number of new features for Android smartphones and Wear OS smartwatches. These features are expected to become available soon, and they will add many interesting new features to the Android user interface.Enhance your holiday images and publications with holiday editingMore recently, Google Photos updated its collage editor with new styles, making it easier to…
Meta is introducing new ways to make money on Facebook, as well as an update that allows authors to get paid faster.Meta includes Stars for all publicly available Facebook content, including Reels, and runs events throughout the month to encourage users to buy Stars.Meta also lowers the threshold that creators need to meet to receive their first payment. Here's how…
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