JD.com confirmed in a regulatory filing that it acquired Walmart's $Walmart (WMT.US)$ entire stake in Dada Nexus Limited. The company picked up 87.5 million ordinary DADA shares and 1.875 million DADA ADSs through a subsidiary. The Chinese e-commerce giant will now hold 63.2% of Dada's shares.
Following the sale, Walmart China CEO Christina Zhu resigned from Dada's board. Looking ahead, JD.com anticipates ongoing collaboration with Walmart and ...
Following the sale, Walmart China CEO Christina Zhu resigned from Dada's board. Looking ahead, JD.com anticipates ongoing collaboration with Walmart and ...
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Amazon's AWS $Amazon (AMZN.US)$ unit said on Monday it would expand a collaboration with Intel featuring co-investments on chip designs and a deal to manufacture a processor for artificial intelligence, a vote of confidence for Intel's contract manufacturing effort.
Intel's $Intel (INTC.US)$ shares jumped 8% in extended trading after the chip maker's CEO Pat Gelsinger released a memo to employees announcing t...
Intel's $Intel (INTC.US)$ shares jumped 8% in extended trading after the chip maker's CEO Pat Gelsinger released a memo to employees announcing t...
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It looks like better times are ahead for PayPal $PayPal (PYPL.US)$ after a rough patch for the past few years.
The payments company has been hurt by increased competition from Apple; Google's owner Alphabet and Block, the parent of Square and the Cash App. All of them offer mobile payment services that compete with PayPal's popular Venmo.
The rise of Stripe, a private company valued at $70 billion, has put a dent into PayP...
The payments company has been hurt by increased competition from Apple; Google's owner Alphabet and Block, the parent of Square and the Cash App. All of them offer mobile payment services that compete with PayPal's popular Venmo.
The rise of Stripe, a private company valued at $70 billion, has put a dent into PayP...
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Tesla $Tesla (TSLA.US)$ makes a lot of batteries. Now it gets some unexpected help from a new employee.
Saturday, Tesla tweeted that it had manufactured its 100 millionth 4680 battery cell. Those are Tesla’s larger, most advanced batteries that allow for more energy, longer range, and lower manufacturing costs.
The 4680 figure refers to the size. The cylindrical battery has a 46-millimeter diameter and is 80 millimete...
Saturday, Tesla tweeted that it had manufactured its 100 millionth 4680 battery cell. Those are Tesla’s larger, most advanced batteries that allow for more energy, longer range, and lower manufacturing costs.
The 4680 figure refers to the size. The cylindrical battery has a 46-millimeter diameter and is 80 millimete...
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Technology investors are assessing the implications of the Fed's interest rate policy decision this coming week.
The Federal Open Market Committee will likely decide to begin lowering interest rates at its meeting on Sept. 18. According to the latest CME FedWatch tool, interest rate traders are predicting a 50% probability for a quarter-point cut and 50% for a half-point cut. As recently as Thursday, Fed-fund futures were indicating just a ...
The Federal Open Market Committee will likely decide to begin lowering interest rates at its meeting on Sept. 18. According to the latest CME FedWatch tool, interest rate traders are predicting a 50% probability for a quarter-point cut and 50% for a half-point cut. As recently as Thursday, Fed-fund futures were indicating just a ...
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Meta Platforms Inc $Meta Platforms (META.US)$ . entered into a 2018 deal with Google $Alphabet-C (GOOG.US)$ after concluding internally that it couldn’t successfully compete against the search giant, because of its monopoly over the technology undergirding online display advertising, a former Facebook advertising executive testified as part of a US Justice Department antitrust trial.
Brian Boland, who headed Facebook’s advertising techno...
Brian Boland, who headed Facebook’s advertising techno...
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Nvidia Corp $NVIDIA (NVDA.US)$ President and CEO Jen-Hsun Huang has sold a significant portion of his holdings in the company, according to recent filings with the Securities and Exchange Commission. The transactions, carried out over two days, resulted in the sale of Nvidia shares worth over $26 million.
The sales occurred on September 10th and 11th, with prices per share ranging from $104.99 to $117.072. These transactions were ...
The sales occurred on September 10th and 11th, with prices per share ranging from $104.99 to $117.072. These transactions were ...
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GameStop $GameStop (GME.US)$ said on Tuesday it had filed for an offering of up to 20 million shares, sending its stock down about 10% in extended trading after the videogame retailer's second-quarter revenue fell as consumers continued to switch to online buying.
The company, which has been at the center of a "meme stock" trading frenzy, is struggling with declining sales in its primary business of selling new and used video game ...
The company, which has been at the center of a "meme stock" trading frenzy, is struggling with declining sales in its primary business of selling new and used video game ...
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Palantir $Palantir (PLTR.US)$ is climbing in conjunction with news that the company's stock is going to be added to the S&P 500 index. Companies in the index have to meet criteria for profitability, valuation, trading volume, and other factors -- and being added to the S&P 500 generally reflects that a business has been performing well and seeing its value increase.
There's another big benefit to being added to a major in...
There's another big benefit to being added to a major in...
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Columns Post-Bell | U.S. Stock Rise Over 1%; Nvidia Gains 3.5%; Palantir Surges 14%; Summit Soars 56%.
Wall Street's three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week's sell-off while they also waited for inflation reports in coming days and the Federal Reserve's next policy decision next week.
Market Snapshot
The Dow Jones Industrial Average rose 484.18 points, or 1.20%, to 40,829.59, the S&P 500 gained 62.63 points, or 1.16%, to 5,471.05 and the...
Market Snapshot
The Dow Jones Industrial Average rose 484.18 points, or 1.20%, to 40,829.59, the S&P 500 gained 62.63 points, or 1.16%, to 5,471.05 and the...
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