The smaller regional banks in the United States fell hard on the stock exchanges in New York on Monday. The unrest surrounding the collapsed Silicon Valley Bank (SVB) held stock market trading in its grip. The American authorities have intervened, guaranteeing that all SVB customers will receive their credits back. […]
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The American pharmaceutical company Pfizer, known for its corona vaccine, is taking over the American biotechnology company Seagen for 43 billion dollars. Business newspaper The Wall Street Journal previously reported that the two parties were in talks about a possible takeover. With the acquisition, Pfizer is expanding its cancer treatments, […]
The turmoil surrounding Silicon Valley Bank (SVB) also gripped Friday stock exchange trading in New York. The important lender for start-ups in the tech sector, among others, has run into financial problems due to the rapidly rising market interest rates. The SVB Financial Group share continued the free fall in […]
The European Union and the United States are putting pressure on Twitter. The European Commission has told CEO Elon Musk that Twitter must hire more staff for moderation. The Federal Trade Commission reports that it is intensifying an ongoing investigation into Twitter in the US. Both the Financial Times and […]
Tesla lost market value in early Wall Street trading on Wednesday. Investors are very cautious and eagerly await the Master Plan 3 that CEO Elon Musk will announce in a briefing session with investors later today. Master Plan 2 dates back to 2016, and the vision of the future with […]
The American manufacturer of electric cars, Tesla, opens a factory in northern Mexico, the Mexican head of state Andrés Manuel López Obrador announced. The factory is being built in the industrial city of Monterrey. According to López Obrador, Tesla CEO Elon Musk makes a significant investment in the Latin American […]
Facebook mother Meta has created a new production team to integrate hip technology into products such as Instagram, Facebook and WhatsApp. That writes CEO Mark Zuckerberg in a post. ‘Initially, we want to focus on building creative and expressive tools. In the longer term, we can also develop AI personas […]
PayPal is working on its own virtual currency but is currently on hold as a partner of the company is under investigation by the authorities. PayPal supports (only in the US) a number of cryptocurrencies for payments, but the company is also working on its own stablecoin. This is a […]
Yahoo is going to lay off more than 1,600 people, 20 percent of its workforce. Remarkably, it does so for strategic reasons, not financial problems. Yahoo plans to lay off 1,000 people this week and another 600 later this year. In total, approximately 8,500 people work for the company. The […]
Alphabet, Google’s parent company, lost $100 billion in value on Wall Street. This happened after a disappointing presentation of a new AI program called Bard. Google’s announcements about its AI plans don’t seem to have the desired effect. Google has been one of the frontrunners in the development of artificial […]
