Newsfeeds Archive - Page 3 of 398

2 minute read

Ireland’s Regulation Dampens Meta’s AI Ambitions In Europe

June 14, 1:32 PM

Meta Platforms postpones the European launch of its AI assistant due to data privacy concerns raised by the Irish Data Protection Commission, after advocacy group NOYB called for regulatory scrutiny over the use of personal data from Facebook and Instagram users.

Boeing And Airbus Under FAA Investigation For Authenticity Of Titanium Parts In Some Jets: Report

By Shivani Kumaresan

June 14, 11:49 AM

The FAA is investigating Boeing and Airbus for the use of falsified titanium documents, crucial for aircraft integrity. This issue, identified after a vendor found corrosion holes in titanium parts, has led to significant scrutiny over material authenticity, impacting the aerospace industry's supply chain.

ALK

1 minute read

Why Is Shopify’s Stock Trading Higher On Friday?

By Shivani Kumaresan

June 14, 11:33 AM

Shop loss of Shopify Inc (NYSE ) surged after Evercore ISI analyst Mark Mahaney upgraded the stock from In-Line to Outperform, setting a price target of $75. Mahaney highlighted the stock's recent 30% dip as a prime buying opportunity for investors.

ARKK

2 minute read

Tesla’s Largest Outside Investor Vanguard’s Vote Switch Helped Pass Elon Musk’s $56B Pay Package

By Shivani Kumaresan

June 14, 10:50 AM

Vanguard, Tesla Inc.'s largest external investor, played a crucial role in approving CEO Elon Musk's $56 billion pay package at the recent shareholder meeting, reversing their initial stance due to Tesla's impressive performance and shareholder returns since 2018.

FDIS

2 minute read

What’s Going On With Barclays’ Shares On Friday?

By Shivani Kumaresan

June 14, 10:40 AM

Barclay's leveraged finance practices come under scrutiny as the Prudential Regulation Authority mandates a thorough review, part of a UK-wide initiative to bolster oversight of private equity risks.

APIE

2 minute read

What’s Happening With Chrysler-Parent Stellantis Stock On Friday?

By Shivani Kumaresan

June 14, 9:38 AM

Stellantis NV (NYSE: STLA) plans to shift Leapmotor EV production from China to Europe in response to the EU's new tariffs, aiming to reduce the financial burden of increased import costs. CEO Carlos Tavares states the move could counter the effects of global trade tensions.

BYDDY

2 minute read

Adobe’s Optimistic Forecast For New AI Tech Infused Products Attract Investor Cheer, Stock Soars

By Shivani Kumaresan

June 14, 8:43 AM

Adobe Inc. anticipates a significant stock rise, the largest in nearly four years, driven by a robust sales forecast for AI-enhanced creative products. With its digital media revenue expected to reach $460 million this quarter, Adobe's AI integration is resonating well with users.

ADBE

2 minute read

Oreo Maker Mondelez Aims To Keep Chocolate Affordable Amid Rising Cocoa Cost

By Shivani Kumaresan

June 14, 8:23 AM

Mondelez International Inc. (NASDAQ: MDLZ) strategizes to sustain chocolate sales by maintaining affordable prices despite rising cocoa costs. CFO Luca Zaramella expresses confidence in declining cocoa prices next year, aiming to alleviate production costs and protect market share amid a global cocoa shortage.

MDLZ

2 minute read

Walmart Relaunches ‘No Boundaries’ Fashion Line To Attract Gen Z Customers

By Shivani Kumaresan

June 14, 7:50 AM

Walmart Inc (NYSE ) unveils a revitalized No Boundaries fashion line worth $2 billion, blending modern design with affordability for the back-to-school and college demographic. Targeting young adults, the collection features 130 new items across clothing and accessories.

RBLX