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Amazon tops $3 trillion in market value for the first time
Business News

Amazon tops $3 trillion in market value for the first time

Tech giant Amazon has surpassed $3 trillion in market capitalization for the first time, becoming the fifth company ever to reach the milestone.
EU AI Act takes effect, but fines for many companies are delayed until 2027
World News

EU AI Act takes effect, but fines for many companies are delayed until 2027

It will now be easier to know if you are interacting with AI-generated material. But for many large companies, it will be months before they face the risk of fines
AI stocks are reshaping global funds, expert says diversify into Europe and Sweden
Business News

AI stocks are reshaping global funds, expert says diversify into Europe and Sweden

Global tech giants and AI companies are taking up an increasingly large share of Swedes' favorite savings fund - the global fund. That increases the risk in household savings
Apple shares tumble 7.4% on Wall Street after component shortage warning
Business News

Apple shares tumble 7.4% on Wall Street after component shortage warning

Apple plunged sharply on the New York Stock Exchange after Thursday’s quarterly report, but then recovered slightly. The stock ultimately closed down 7
Amazon beats expectations as stock surges after strong earnings report
Business News

Amazon beats expectations as stock surges after strong earnings report

Technology giant Amazon's interim report exceeded market expectations.
Ukraine strikes Russian e-commerce giant Wildberries warehouses in expanded drone campaign
World NewsTop News

Ukraine strikes Russian e-commerce giant Wildberries warehouses in expanded drone campaign

Ukrainian drones have attacked large e-commerce warehouses belonging to Russian e-commerce giant Wildberries over the past week. Ukraine says the company is involved in deliveries to the Russian military
Alphabet shares fall after earnings report on higher AI spending and negative cash flow
Business News

Alphabet shares fall after earnings report on higher AI spending and negative cash flow

Shares in Google owner Alphabet fell 3. 4 percent in futures trading on Wall Street after the tech giant's earnings report on Wednesday evening Swedish time
Viral Seattle raccoon Jimothy inspires charity auction and disability rights support
Entertainment News

Viral Seattle raccoon Jimothy inspires charity auction and disability rights support

The viral raccoon Jimothy is touching and inspiring. A painting of Seattle's new mascot has been auctioned off for charity, and disability rights groups are using the raccoon with an unusually short spine as a symbol of equal worth for all
US gas station sales plunge 5.3% in June as retail sales rise 0.2%
Business News

US gas station sales plunge 5.3% in June as retail sales rise 0.2%

US retail sales rose 0. 2 percent in June from May, but gas station sales fell 5
Wall Street rises after softer-than-expected US producer prices data
Business News

Wall Street rises after softer-than-expected US producer prices data

Lower than expected increases in US producer prices and slower oil price gains lifted stock prices on the New York Stock Exchange on Wednesday.
Tech Giants Lose Ground as Magnificent Seven Fall 10% in June
Business News

Tech Giants Lose Ground as Magnificent Seven Fall 10% in June

To reduce dependence and vulnerability in AI development, huge amounts of capital are now being moved away from the big tech giants in the US. This could also happen in Sweden, for example among our pension funds
Sam Altman AI film Artificial revived by Neon after Amazon pause
Entertainment News

Sam Altman AI film Artificial revived by Neon after Amazon pause

The film "Artificial," about OpenAI CEO Sam Altman, was halted after Amazon invested $8 billion in OpenAI. Now the film is being saved by the company Neon, writes the LA Times
Luca Guadagnino film Artificial put on hold after scandal
Entertainment News

Luca Guadagnino film Artificial put on hold after scandal

Luca Guadagnino's upcoming film "Artificial," about OpenAI CEO Sam Altman, has been put on hold by Amazon MGM Studios, Variety reports.
Steven Knight says new James Bond will be both shaken and moved
Entertainment News

Steven Knight says new James Bond will be both shaken and moved

Steven Knight, who has been commissioned to write the next James Bond film, now suggests the British spy will be both shaken and moved.
Down on Wall Street - Continued War Concerns
Business News

Down on Wall Street - Continued War Concerns

Stock markets in New York turned downward on Thursday, with all leading indexes in the red.
Amazon is doing better than expected, but the stock is falling
Business News

Amazon is doing better than expected, but the stock is falling

Cloud and technology giant Amazon beat market expectations in its quarterly report on Wednesday evening; however, the stock was still falling in after-hours trading.
Expert: AI profitability concerns could stop the tech giants' stock market rally
Business News

Expert: AI profitability concerns could stop the tech giants' stock market rally

The big tech companies have driven Wall Street stock indexes to new record highs over the past month - despite war and panic in energy markets. But as the companies now report their interim results, the question for investors is how profitable their huge AI investments really are
Microsoft backs down after new ownership agreement with OpenAI
Business News

Microsoft backs down after new ownership agreement with OpenAI

Tech giant Microsoft will stop sharing revenue with AI company OpenAI, according to a new ownership agreement. However, OpenAI will continue to send a portion of its revenue to Microsoft until 2030
Tough challenges await Apple's new CEO John Ternus
Business News

Tough challenges await Apple's new CEO John Ternus

Unknown to many, John Ternus is taking over as CEO of Apple - one of the world's largest companies. His task: to fill the shoes of legendary business leaders like Steve Jobs and Tim Cook - with a number of challenges ahead
Up on Wall Street, the tech sector is the driving force
Business News

Up on Wall Street, the tech sector is the driving force

Renewed hopes for a peace deal in the Iran conflict lifted US stocks. President Donald Trump suggests new talks could take place within two days
Amazon's older e-readers to stop receiving new e-books on May 20
Entertainment News

Amazon's older e-readers to stop receiving new e-books on May 20

Several older models of Amazon's Kindle e-readers will soon be unable to receive new e-books, prompting concern among the online giant's customers.
Wall Street rises on new statistics and hopes for peace
Business News

Wall Street rises on new statistics and hopes for peace

Wednesday was also a strong day for the New York Stock Exchange. The indices continued to climb following positive macroeconomic data and hopes for an end to the war in Iran
OpenAI closes record-breaking funding round valued at $852 billion
Business News

OpenAI closes record-breaking funding round valued at $852 billion

OpenAI has completed a record-breaking funding round valuing the company at $852 billion, about SEK 9,000 billion, CNBC reports.
Seattle Seahawks won the Super Bowl, now for sale
Sports News

Seattle Seahawks won the Super Bowl, now for sale

Just over a week ago, the Seattle Seahawks emerged victorious in the Super Bowl, and now they may be on the verge of getting a new owner. The price could be more than 54 billion Swedish kronor
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