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News: Companies

In this section, we cover the latest news from companies around the world. This includes everything from the latest quarterly results to new product announcements to mergers and acquisitions, analyst rating changes, price target revisions, regulatory agency filings, license acquisitions, and much more.

Us-China Tech War: Shenzhen To Establish International Sourcing Platform

Us-China Tech War: Shenzhen To Establish International Sourcing Platform For Semiconductors As Global Chip Shortage Persists With critical online and physical infrastructure, the authorities want Shenzhen-based enterprises to group with each other and acquire bigger influence when purchasing hardware, electronic parts, and raw materials.
Stock Market News Live Updates: S&P, Dow Close Slightly Lower Following Fed Decision

Stock Market News Live Updates: S&P, Dow Close Slightly Lower Following Fed Decision "With inflation well over 2% and a healthy employment market, the Committee believes it will be reasonable to raise the target range for the federal funds rate," the Federal Open Market Committee declared in a report.
Binance to End Freeze on Deposits From Key EU Payments Network

Binance to End Freeze on Deposits From Key EU Payments Network According to a source close to the subject, Binance Holdings Ltd. is about to resume taking euro bank deposits from a big European payment network, ending a months-long restriction.
Tesla Earnings Are Coming. They Better Be Good.

Tesla Earnings Are Coming. They Better Be Good. Tesla stock trading has been a wild ride recently. It's about to become much crazier, as the electric car business is scheduled to publish fourth-quarter profits after Wednesday's closing of the market.
Chip Shortage Leaves U.S. Companies Dangerously Low on Semiconductors, Report Says

Chip Shortage Leaves U.S. Companies Dangerously Low on Semiconductors, Report Says Commerce Secretary Gina Raimondo stated that the survey findings demonstrate the critical significance of Congress approving the U.S.'s The Innovation and Competition Act which contains a $52 billion investment to stimulate domestic semiconductor manufacturing.
Can Microsoft Acquisition Cure Activision Blizzard’s Toxic Workplace?

Can Microsoft Acquisition Cure Activision Blizzard’s Toxic Workplace? While the gaming industry has long suffered from a culture that "denigrates women," Ann Olivarius, a women's rights lawyer, views Activision ATVI, as one of the worst cases of toxic workplaces.
GameStop apes are all talk: Webull CEO

GameStop apes are all talk: Webull CEO "If you look at the prices today [at GameStop], it tells me that whether it's diamond hands or monkeys, I believe it's just chatter," Denier remarked on Yahoo Finance Live. "We are witnessing our traders and our investors take money off the table in GameStop."
Intel's $20 Billion Ohio Plant Won't End The Chip Shortage Overnight

Intel’s $20 Billion Ohio Plant Won’t End The Chip Shortage Overnight Thus, does this suggest that the chip catastrophe that everyone has been raving about has passed us by? Not quite. The dilemma began when manufacturers reduced their chip orders at the outset of the epidemic, only for demand for automobiles to rise.
Microsoft Buying Activision Blizzard Could Really Hurt Gamestop: Analyst

Microsoft Buying Activision Blizzard Could Really Hurt Gamestop: Analyst Additionally, it was disclosed less than a week after Activision's competitor Take-Two Interactive confirmed its $11 billion purchase of experienced mobile gaming business Zynga.
Microsoft to Acquire Activision Blizzard for Nearly $70 Billion

Microsoft to Acquire Activision Blizzard for Nearly $70 Billion "Gaming is the most dynamic and engaging category of entertainment today across all platforms and will be essential to the development of metaverse platforms," Microsoft Chairman and CEO Satya Nadella said in a news statement Tuesday
Elon Musk’s Tunnel System Works, but the Real Test Is Still to Come

Elon Musk’s Tunnel System Works, but the Real Test Is Still to Come If the Las Vegas project succeeds, it may inspire other communities to enter into contracts with Boring Co. Fort Lauderdale, Florida, and San Bernardino County, California, are now negotiating their own tunnels.
Angi Could Be the Next Uber. Its Stock Looks Too Cheap

Angi Could Be the Next Uber. Its Stock Looks Too Cheap "Owning a property is difficult," admits Angi CEO Oisin Hanrahan. "We want to meet every homeowner's need and alleviate some of their stress, while also altering the economics" for home-service providers.
Apple Analysts Boost Targets Ahead of Earnings. The Path to a $4 Trillion Market Cap.

Apple Analysts Boost Targets Ahead of Earnings. The Path to a $4 Trillion Market Cap. Analysts continue to remain enthusiastic about Apple's prospects ahead of the company's December-quarter financial report, which is expected in just two weeks.
Netflix Raises U.S. Prices, And The Stock Is Up

Netflix Raises U.S. Prices, And The Stock Is Up The regular plan in Canada is now 16.49 Canadian dollars, up from CAD14.99. The Canadian premium plan has increased by $2 to CAD20.99, while the basic plan is CAD9.99.
Tesla Stock Is Down. Don’t Blame Cybertruck.

Tesla Stock Is Down. Don’t Blame Cybertruck. The shares of Tesla are down a little on Wednesday. A story from The Verge said that Tesla had omitted a few important digits from their Cybertruck homepage, which may be the reason. That disclosure, on the other hand, is no longer news.
Tesla Is a Goldman Sachs Top Pick for 2022. The Stock Is Dropping Anyway

Tesla Is a Goldman Sachs Top Pick for 2022. The Stock Is Dropping Anyway Wall Street is becoming more upbeat on Tesla shares, but the increased confidence among analysts hasn't been enough to boost the price, given investor concerns about increasing interest rates.
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