BurgerFi Files for Bankruptcy
Fast casual chain BurgerFi filed for Chapter 11 bankruptcy and announced it on Wednesday, September 11.
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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.
Salesforce to Acquire Tenyx
Salesforce, an enterprise cloud company, announced on Tuesday, September 3, that it has agreed to acquire Tenyx, a developer of voice agents based on artificial intelligence technologies.
Nvidia Shares Demonstrate Sharp Decline
Nvidia, a giant in the area of artificial intelligence chip development, which in the current year was for some time the most valuable company in the world and in June crossed the $3 trillion market capitalization indicator, suddenly found itself on a downward trajectory, although the prospects were optimistic and the symbolic road ahead was […]
Dell Shares Rise Amid Positive Earnings Report
Last Thursday, August 29, Dell published information on the financial results of its operations in the second quarter of fiscal year 2025, which turned out to be more optimistic compared to the content of the preliminary forecasts of Wall Street analysts and became evidence of the company’s upward dynamic business related to servers.
Nvidia Exceeds Earnings Expectations
Nvidia, last Wednesday, August 28, released earnings data for the last fiscal quarter, which testified that the financial performance of this company, which has become one of the main beneficiaries of the so-called artificial intelligence boom, once again exceeded the expectations of Wall Street analysts regarding the brand’s commercial results.
AI’s Race for US Energy Intensifies
In the United States, local technology companies are currently actively using energy assets that are owned by bitcoin miners.
