Microsoft's Activision Acquisition and Investments on AI Drive 18% Revenue Surge

Microsoft surpassed analyst expectations on Tuesday, as its heavy investment in artificial intelligence (AI) produced good results.


European Stock Markets See Uneven Performance After 2-Year Peak

The European index rose 3.1% last week to its highest level since January 2022. Investors in Europe's stock markets are bracing for a flood of earnings reports, data releases, and statements from central banks, with the trading getting off to a shaky start this week.

Elon Musk vs. Joe Biden: Telsa CEO Criticizes US President' Border Deal Saying, 'No laws Need To Be Passed'

Tesla and X CEO Elon Musk hit out Joe Biden's border deal. On his X account, he wrote, "No laws need to be passed."

Bernard Arnault Moves to Tighten the Family's Hold on LVMH by Nominating 2 More Sons to Company's Board

LVMH head Bernard Arnault has proposed the appointment of his two sons to the company's board. Bernard Arnault, the head of the LVMH luxury goods conglomerate, disclosed on Wednesday that he has proposed the appointment of two more of his children to the company's board, a move to solidify his family's grip on Europe's most valuable firm.


Latest News

BioNTech Embarks on Breast Cancer Precision Drug Late-Stage Trial, Challenging AstraZeneca
BioNTech and its partner Duality Biologics have launched a late-stage trial to test their precision drug against a specific type of breast cancer, challenging a rival partnership between AstraZeneca and Daiichi Sankyo.
Donald Trump-Linked Stocks Rise After Ron DeSantis Drops Out of 2024 Presidential Race
Some stocks linked to former President Donald Trump have soared after Florida Governor Ron DeSantis ended his 2024 presidential bid.
Macy's Ditches $5.8 Billion Takeover Bid After Investor Arkhouse Threatens to Take Offer Directly to Shareholders
Macy's has rejected a $5.8 billion offer from Arkhouse Management and partner Brigade Capital Management to take over the retailer.
Billionaire Warren Buffett Tells Citigroup CEO Jane Fraser to Continue Overhaul: Report
Citigroup CEO Jane Fraser has received an encouraging nod from billionaire investor Warren Buffett to proceed with the bank's overhaul.
JPMorgan Chase CEO Jamie Dimon Says He's Done Talking About Bitcoin After Trashing It One Last Time
JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the annual World Economic Forum in Davos, Switzerland, that he's done talking about bitcoin.
Warren Buffett-Led Firm Berkshire Hathaway Buys Remaining 20% Stake in Pilot Travel From Haslam Family
The Warren Buffett-led conglomerate Berkshire Hathaway announced on Tuesday that it is buying the remaining 20% stake in the Pilot truck stop business of the Haslam family.
Goldman Sachs, Morgan Stanley 4Q Profits Still Beat Expectations
Goldman Sachs and Morgan Stanley have both posted fourth-quarter earnings results that beat analysts' expectations.
IMF Warns AI Could Disrupt 40% of Global Jobs, Worsen Inequality Ahead of Davos Economic Forum
The International Monetary Fund (IMF) has warned that almost 40% of global jobs could be impacted by the growing influence of artificial intelligence (AI).
World's Richest Billionaires Like Elon Musk and Jeff Bezos Doubled Fortunes as Poorest Get Poorer, Oxfam Says as Davos Opens
The combined wealth of the world's richest five men has more than doubled since 2020, while some five billion people have been made poorer, according to anti-poverty group Oxfam.
Jeffrey Epstein Accuser Sues JPMorgan Chase
JPMorgan Chase has concluded the year 2023 with the largest annual profit in the history of US banking.
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