Wall Street’s main indexes opened higher on Friday, setting the Dow on track for its tenth straight day of gains, while megacap growth and technology stocks recovered after sharp losses in the previous session. The Dow Jones Industrial Average rose 49.14 points, or 0.14 percent, at the open to 35,274.32. The S&P 500 opened higher…
Global Shares Subdued After US Tech Earnings Disappoint
July 21, 2023
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LONDON, SYDNEY—Global stocks edged lower on Friday after disappointing tech earnings sapped risk appetite, while the dollar soared against the yen. The MSCI World index of global shares, which has risen more than 16 percent this year, dipped 0.3 percent. Europe’s STOXX 600 was flat and Germany’s tech-heavy Dax slipped 0.3 percent. Following steep post-earnings…
Tesla Recalling Nearly 16,000 of Its 2021–2023 Model S and Model X Vehicles Due to Seat Belt Issue
Tesla is recalling nearly 16,000 of its 2021–2023 Model S and Model X vehicles because some front-row seat belts may not have been reconnected properly after being repaired. Tesla said in its safety recall report that in the vehicles, a first-row seat belt was disconnected from its pretensioner anchor as part of a necessary step…
MacKenzie Scott’s $250 Million Open Call for Donations Yields Applications From 6,353 Nonprofits
NEW YORK—Billionaire philanthropist MacKenzie Scott’s first open call for grants yielded 6,353 applications from nonprofits—meaning candidates have at least a 4 percent chance of being selected for a $1 million grant. Lever for Change, the nonprofit overseeing the application process, said Wednesday that the applications came from all 50 states, Puerto Rico and the U.S….
WeChat Only Has a Few Hours Left to Respond to a Parliamentary Inquiry
July 20, 2023
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AustraliaBusiness & MarketsChina Business & EconomyChina NewsChina-Australia RelationsCompaniesInfiltrating the WestInternational RelationsJames PatersonMedia & Big TechSenator James PatersonSocial MediaSpecial TopicsTechTech NewsWeChatWorld
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WeChat has only hours left to respond to an Australian government inquiry after it refused to front a parliamentary inquiry earlier this month. Chair of the Senate Select Committee on Foreign Interference through Social Media, Senator James Paterson, said that he has sent WeChat detailed series of questions after it failed to appear to give…
Google Testing New AI Tool That Can Write News Articles
July 20, 2023
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Google is testing a new artificial intelligence tool that can write helpful news articles, in the latest sign that the technology may transform or potentially replace some white-collar professions. Google’s upcoming “Genesis” AI tool is being designed to act as a helpmate for journalists in the newsroom, anonymous sources told The New York Times in an exclusive July…
Disney Stock Falls as CEO Expresses Apprehension About Future of Networks Like ABC
Disney’s stock price has declined in recent days following chief executive Bob Iger’s statements that networks like ABC no longer constitute the company’s “core” business, and there were possibilities of selling such businesses. In a July 13 interview with CNBC, Mr. Iger was asked whether the company would consider selling its TV networks, including American…
JPMorgan Chase CEO Jamie Dimon Lists a Number of Threats to the US Economy
July 20, 2023
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JPMorgan Chase CEO Jamie Dimon listed three major threats to the U.S. economy in a recent comment during the bank’s second-quarter earnings call, according to the transcript. The banking giant’s July 14 second-quarter results showed revenue and earnings exceeding economists’ expectations, but the JPMorgan chief stands on the side of caution. JPMorgan reported net income…
The Fall Continues: Bud Light Taken Out of Top Spot on List of Beers Sold in Bars Nationwide
Bud Light is seeing lower demand and popularity at bars and restaurants throughout America, according to a recent report that found that the brand has fallen three spots in terms of sales at these places. In the second quarter of 2023, Bud Light fell to fourth on the list of top beer brands sold across…
The Fall Continues: Bud Light Taken Out of Top Spot on List of Beers Sold in Nationwide Bars
Bud Light is seeing lower demand and popularity at bars and restaurants throughout America, according to a recent report which found that the brand has fallen three spots in terms of sales at these places. In second quarter 2023, Bud Light fell to the fourth spot in the list of top beer brands sold across…
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