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Alibaba Receives $ 2.75 Billion Antitrust Penalty, But Shares Are Soaring

Alibaba Receives $ 2.75 Billion Antitrust Penalty, But Shares Are Soaring

Alibaba Group shares on the Hong Kong Stock Exchange rose 7.6% amid the end of the investigation of the Chinese antitrust authorities against the company and the imposition of a record, albeit feasible, fine of…

Money
Microsoft is in talks to buy artificial intelligence company Nuance for $ 16 billion.

Microsoft is in talks to buy artificial intelligence company Nuance for $ 16 billion.

Nuance Communications rose 19% amid rumors of a possible acquisition by the giant Microsoft. The companies have partnered since 2019, Nuance AI speech processing technologies are used in many industries and can be applied to…

Money
Uber Says March 2021 Is The Best Month In Uber History

Uber Says March 2021 Is The Best Month In Uber History

Uber shares rallied after reporting all-time highs in March and confirming earnings guidance in 2021. Uber taxi demand has rebounded amid massive vaccinations and US quarantine restrictions, and Uber Eats grocery delivery continues to be…

Money
Nvidia shares up 5.6% after server chip announcement and higher forecasts

Nvidia shares up 5.6% after server chip announcement and higher forecasts

NVIDIA held a conference call on Monday announcing its Grace server chip, DPU BlueField-3 processor, new NVIDIA RTX graphics chips and more, and raised its financial guidance for the current quarter. Intel shares fell 4.2%.…

Money
Biden Gathered Directors of GM, Ford, Google, and Intel to Offer $ 50 Billion to the Semiconductor Industry

Biden Gathered Directors of GM, Ford, Google, and Intel to Offer $ 50 Billion to the Semiconductor Industry

Semiconductor manufacturers in the United States may be eligible for tax breaks to ramp up production of chips for the automotive industry and other technology. Intel is preparing to help supply chips for automakers. On…

Money
Facebook stocks hit new high and may move higher

Facebook stocks hit new high and may move higher

Facebook shares have rebounded from a sharp fall in late January and have outperformed the S&P 500 since early 2021. Facebook executives and market analysts point to the company’s e-commerce capabilities and downplay the negative…

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Money
Netflix signs 5-year contract with Sony Pictures to broadcast new products

Netflix signs 5-year contract with Sony Pictures to broadcast new products

Netflix shares rose 1.4% on Thursday after the company announced a long-term contract with Sony Pictures Entertainment, which will see both the studio’s legacy films and 2022 releases on its streaming platform after its release…

Money
Beyond Meat Expands U.S. Grocery Sales and Opens Factory in China

Beyond Meat Expands U.S. Grocery Sales and Opens Factory in China

Beyond Meat rose 3.5% on Thursday as the company announced that it was expanding its retail sales of new products to major US chains such as Kroger, Target and Giant Foods. Beyond Meat also announced…

Money
World’s Largest Lithium Producers Claim Shortages and Rising Prices

World’s Largest Lithium Producers Claim Shortages and Rising Prices

The world’s largest suppliers of lithium: China’s Ganfeng Lithium and America’s Albemarle warn that lithium prices will continue to rise as the supply-demand imbalance grows in the market. The world’s largest lithium suppliers are currently…

Money
Google wins 10-year US Supreme Court litigation with Oracle

Google wins 10-year US Supreme Court litigation with Oracle

The US Supreme Court ruled on Monday that Google’s use of approximately 11,500 lines of Oracle Java code for Android is fair use and does not violate copyright laws. Alphabet (GOOGL, GOOG), parent company Google,…