The joint battery venture between General Motors and LG Energy Solution is the first beneficiary of a new loan program from the U.S. Department of Energy. The latest lithium-ion battery cell manuf...
As a result of the news, Shopify's shares fell more than 16%. The company's failure to meet analyst expectations following the release of first-quarter earnings report and the announcem...
On Wednesday, Credit Suisse posted a huge second-quarter loss as its earnings were severely impacted by the results of its investment bank and growing litigation provisions. The bank also an...
Following the passing of cloture on Tuesday, the US Senate voted 64-33 to approve the CHIPS Act on Wednesday. The bill will now be debated in the House, as it includes $52 billion to boost do...
The world's largest online retailer, Amazon, released its second-quarter earnings on Thursday. Amid inflation and a $2 billion net loss, the results were notably better than anticipated. The loss ...
At the Investor Day event scheduled to hold later this month, Starbucks will showcase its web3 campaign, which incorporates NFTs with a coffee theme. The business revealed plans to explore ...
Alibaba Group Holding Limited, also known as "Alibaba" or the "Alibaba Group," released its fiscal results for the three months ending June 30, 2022, on Thursday. The company’s stock rose i...
The Nigerian economy under President Muhammadu Buhari is worse than it was ten years ago, according to the World Bank. Its flagship research for 2022, titled "Global Economic Prospect," had...
Since inflation harms the economy, the Federal Reserve targets an inflation rate of 2% annually. When inflation is excessively high, it causes financial hardship for both businesses and consumers....
The board of Madison Square Garden Entertainment announced today that it is looking to spin off its live entertainment unit, which would include, MSG Network, NYC's Madison Square Garden...