Microsoft Approves New Share Buyback Program
Microsoft announced that the company’s board of directors has approved a new share buyback program worth up to $60 billion.
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US Retail Sales Demonstrate Growth
In the United States, an increase in retail sales was recorded in August, which was evidence that one of the main driving forces of the positive dynamic economic system of this country remains in force, despite various difficulties, including inflation that has not been fully overcome and continuing uncertainty about the scenarios of the future.
Larry Ellison Becomes World’s Second-Richest Man
On Monday, September 16, the value of Oracle shares continued their growth trajectory, increasing by more than 6%, against which the chairman of this company, which is a software developer and server hardware supplier, Larry Ellison became the second richest person in the world, displacing Amazon founder Jeff Bezos in the appropriate position.
Adobe Shares Demonstrate Sharp Decline
The value of Adobe shares fell by almost 10% on Friday, September 13, after the Photoshop developer released a disappointing quarterly earnings forecast, which provoked fears that returns from its push toward artificial intelligence design would become a scenario for a longer period of materialization compared to initial expectations.
Amazon Invests Another $2.1 Billion in Its Delivery Service Partner
Amazon has invested another $2.1 billion in its program called Delivery Service Partner (DSP), which is designed to help entrepreneurs who are representatives of the small business sector build delivery companies.
OpenAI Presents New AI Model
OpenAI presents a new model of artificial intelligence, which was internally known as Strawberry.
BurgerFi Files for Bankruptcy
Fast casual chain BurgerFi filed for Chapter 11 bankruptcy and announced it on Wednesday, September 11.
Amazon Launches New Line of Budget-Friendly Food Items
Amazon, following the experience of Aldi and Target, is launching a new line of inexpensive food items to gain customers who, as part of the practice of purchasing goods and services, consider the cost factor as a priority parameter and abandon products of well-known brands, following the goals of the economy and a consumption strategy […]
Palantir and Dell to Join S&P 500
The value of Dell and Palantir shares on Friday, September 6, during extended trading, showed an increase of about 7% in both cases amid reports that these companies will join the S&P 500 index.
Broadcom’s Shares Demonstrate Decline Amid Weak Earnings Forecast
On Friday, September 6, the value of Broadcom shares fell by more than 7% because this company specializing in the production of chips and based in San Jose, California, released a revenue forecast that disappointed investors who have high expectations about the commercial aspect of artificial intelligence microcircuits making activities.
Washington Releases New Chip-Related Export Controls
The administration of the President of the United States Joe Biden is presenting a draft of new export control measures for the supply of critical technologies.
US Unemployment Rate Demonstrates Decline
In the United States, in August, the local labor market demonstrated what can be described as the dynamic of recovery.
US, EU and UK Sign International AI Framework Convention
The joint AI treaty is the next global move towards unifying national goals and values related to artificial intelligence, human rights and democracy.
Raphael Bostic Signals His Readiness to Cut Interest Rates
Atlanta Federal Reserve President Raphael Bostic last Wednesday, September 4, announced his readiness to cut interest rates and separately noted that he does not perceive as an obstacle to appropriate action the fact that currently, the inflation gauge is higher than the target of the central bank of the United States.
Salesforce to Acquire Startup Own
Salesforce, an enterprise cloud company, announced on Thursday, September 5, that it will acquire startup Own Co., which specializes in developing tools for data backup in cloud-based apps.
US Weekly Jobless Claims Reduce Fears of Labor Market Deterioration
Last week, the number of citizens who filled out new applications for unemployment benefits in the United States decreased.
