Alibaba announced a full spin-off of its Cloud Intelligence Group through a stock dividend distribution to existing shareholders to ensure its independence as a publicly traded company.
The job cuts will happen despite an increase in its network connection, whereby BT Group reported a total of 8.6 million 5G connections, up 62% last year.
Walmart “leveraged expenses and expanded operating margin” in Q1 2023 and now expects a 3.5% increase in consolidated net sales for the year.
Sony could pursue a partial divisional spin-off by listing its finance unit within the next two to three years.
Chinese tech giant Tencent saw its Q1 2023 revenue jump 11% YoY to $21.4 billion amid relaxed industrial regulations.
While Elon Musk gave as much detail as he could at the event, there was no mention of the probable date the vehicles will hit the market.
Musk noted that Tesla will conduct a third-party audit of its cobalt supply chain to ensure there is no child labour in the supply chain.
Baidu is setting the pace in the AI scene for other tech giants in China.
Vodafone shares took a beating today amid company plans to layoff thousands of workers, and properly allocate resources.
Burry increased his stakes in several regional banks in Q1, including NYCB, PacWest, Western Alliance, and First Republic.
Rakuten shares gained approximately 7.9 percent YTD despite dropping about 20 percent last year.
The integration of Spotify with NFT projects including Moonbirds has helped its stock rally more than 80 percent YTD.
From a stock index perspective, Alphabet shares are among the best-performing equities with a gain of about 33% YTD.
There are various choices accessible to PacWest Bancorp that could assist the business overcome the present shares devaluation.
The whole saga has led IEP stock lower with prices dropping 15.14% to $32.22 at the close of trading on Wednesday.