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Up on Wall Street – shaky for Nvidia
Business News

Up on Wall Street – shaky for Nvidia

All three major indexes on the New York Stock Exchange closed higher, despite some drama among tech giants on Tuesday. Nvidia jumped on reports that Google may be well on its way to competing strongly in the AI chip market
Nvidia is furious – Meta is considering Google
Business News

Nvidia is furious – Meta is considering Google

Chip giant Nvidia falls about 6 percent on Wall Street on reports that Meta is considering using Google's AI chip.
Finance Minister: No recession in the US next year
Business News

Finance Minister: No recession in the US next year

There is no risk that the United States will be dragged into a recession with shrinking GDP next year, according to Treasury Secretary Scott Bessent. At the same time, he admits that parts of the economy are struggling
Lifting China sanctions – saving the auto industry
Business News

Lifting China sanctions – saving the auto industry

The Dutch government is lifting a previously imposed sanction on computer chip manufacturer, Chinese-owned Nexperia, which will hopefully allow the pressured automotive industry to gain access to important products.
Wall Street closed mixed after yo-yo trading
Business News

Wall Street closed mixed after yo-yo trading

The New York Stock Exchange's mood went yo-yo on Friday, ultimately closing mostly in the red. But several major technology companies made a strong comeback after very volatile trading
White House: Economic statistics likely to be missed
Business News

White House: Economic statistics likely to be missed

It is unlikely that the US jobs statistics and consumer price index for October will ever be released due to the government shutdown, according to the White House.
Sales of Finnish smart rings doubled
Business News

Sales of Finnish smart rings doubled

Finnish smart ring manufacturer Oura is on track to reach $1 billion in sales this year, doubling its 2024 revenue. And CEO Tom Hale believes it will double again in 2026
Mixed on Wall Street
Business News

Mixed on Wall Street

Index-heavy chip giant Nvidia had a tough day, as New York stock markets went in different directions on Tuesday.
Support for Musk's billions is declining
Business News

Support for Musk's billions is declining

Elon Musk's new giant compensation received less support from shareholders than his last compensation plan, reports American CNBC.
Bank CEOs reinforce Wall Street's valuation concerns
Business News

Bank CEOs reinforce Wall Street's valuation concerns

The New York Stock Exchange closed sharply lower on Tuesday, as concerns about high stock valuations, especially in AI-related companies, spread after warnings from the heads of major investment banks.
Open AI in billion-dollar deal with Amazon
Business News

Open AI in billion-dollar deal with Amazon

Open AI has signed a deal with Amazon for the cloud service AWS. The deal is worth about $38 billion, Bloomberg reports
Better-than-expected sales for Alphabet
Business News

Better-than-expected sales for Alphabet

Alphabet, the parent company of the American search giant Google, reports third-quarter revenue that exceeds analysts' forecasts.
Asian Stocks Rise as Investors Await Fed Interest Rate Decision
Business News

Asian Stocks Rise as Investors Await Fed Interest Rate Decision

It is going mainly upwards on the major stock exchanges in Asia while investors are waiting for what is believed to be an interest rate cut from the US central bank Federal Reserve (Fed).
Bill Gates Criticizes Doomsday Climate Views Ahead of COP30 Summit
Sweden News

Bill Gates Criticizes Doomsday Climate Views Ahead of COP30 Summit

The billionaire, philanthropist and Microsoft founder Bill Gates – who in 2021 wrote the book "How to Avoid a Climate Disaster" – now believes that world leaders must change their attitude towards climate change and criticizes what he calls a "doomsday view". The climate is extremely important, but must be seen in relation to people's welfare in general, he says to CNBC
Tesla Chairman Urges Approval of Musk's $1,000 Billion Compensation
Business News

Tesla Chairman Urges Approval of Musk's $1,000 Billion Compensation

Vote yes to Elon Musk's compensation package of approximately 1,000 billion dollars. Otherwise, he might quit as CEO of the electric car giant, warns chairman of the board Robyn Denholm
Tesla Sales Rise 12 Percent in Q3 but Stock Drops 2 Percent
Business News

Tesla Sales Rise 12 Percent in Q3 but Stock Drops 2 Percent

Tesla increased its sales by 12 percent during the year's third quarter. The profit for the American electric car manufacturer was, however, worse than expected
Netflix Q3 Earnings Miss Expectations, Shares Drop 7%
Business News

Netflix Q3 Earnings Miss Expectations, Shares Drop 7%

After a successful first and second quarter, the American streaming service Netflix did not reach the market's expectations in its report for the third quarter. This made the share fall sharply
China's GDP Growth Boosts Asian Stock Markets
Business News

China's GDP Growth Boosts Asian Stock Markets

Asian stock exchanges start the trading week upwards after the announcement that China's GDP is increasing.
JP Morgan Surpasses Q3 Expectations with Strong Investment Banking Results
Business News

JP Morgan Surpasses Q3 Expectations with Strong Investment Banking Results

The American major banks JP Morgan, Goldman Sachs and Wells Fargo all report a result above expectations for the third quarter.
Asian Markets Decline Amid US-China Trade Tensions
Business News

Asian Markets Decline Amid US-China Trade Tensions

Several Asian markets fall on Monday as the trade relation between the USA and China has hardened further.
Wall Street Indices Dip Slightly After Record Highs
Business News

Wall Street Indices Dip Slightly After Record Highs

New York stock exchange's leading index fell back somewhat from yesterday's record levels. Klarna's share surged in the initial trading, but then fell back
AMD Boosts Nasdaq as Stock Market Rises in New York
Business News

AMD Boosts Nasdaq as Stock Market Rises in New York

The chip manufacturer AMD acted as the locomotive when Nasdaq's technology-heavy composite index rose 0. 7 percent on Wall Street
Tokyo Stock Exchange Hits Record High After Leadership Election
Business News

Tokyo Stock Exchange Hits Record High After Leadership Election

The Tokyo stock exchange rose sharply in Monday trading – and set a new record. The increase comes in connection with the fact that a new leader for the country's ruling party has been appointed
Electronic Arts Acquired for 500 Billion Kronor in Historic Buyout
Business News

Electronic Arts Acquired for 500 Billion Kronor in Historic Buyout

The American gaming giant Electronic Arts will be bought out from the stock exchange in the USA. The price tag: approximately 500 billion kronor
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