Jury finds Musk, Tesla not liable in securities fraud trial following ‘funding secured’ tweets

Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk and Tesla were found not liable by a jury in a San Francisco federal court on Friday in a class-action securities fraud trial stemming from tweets Musk made in 2018. The … Read more

View More Jury finds Musk, Tesla not liable in securities fraud trial following ‘funding secured’ tweets

Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021

Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s the longest weekly winning streak for the tech-laden index since a stretch that ended in November 2021. Coming off its worst year since 2008, the … Read more

View More Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021

Ford sold 91 million shares of EV startup Rivian last year

RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most of its ownership stake last year in electric vehicle maker Rivian Automotive, according to the Detroit automaker’s annual report submitted to the Securities and Exchange … Read more

View More Ford sold 91 million shares of EV startup Rivian last year

Activision Blizzard pays SEC $35 million to settle probe

Bobby Kotick, CEO of Activision Blizzard, attends the Allen & Company Sun Valley Conference on July 8, 2022, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images Video game developer Activision Blizzard agreed to pay a $35 million settlement over charges it failed to maintain “adequate” controls for collecting and assessing … Read more

View More Activision Blizzard pays SEC $35 million to settle probe

Amazon is shutting some Fresh and Go stores as the company cuts costs

People walk past an Amazon Fresh store in Washington, DC, on August 26, 2021. Nicholas Kamm | AFP | Getty Images Amazon plans to close some Fresh supermarkets and Go convenience stores, as the e-retailer rethinks its grocery strategy and looks for areas to cut costs. “We’re continuously refining our store formats to find the … Read more

View More Amazon is shutting some Fresh and Go stores as the company cuts costs

Biden administration expands EV tax credits in boost for Tesla, Cadillac, others

A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT – The U.S. Treasury said Friday it is changing its definition of an “SUV” to make more electric vehicles from … Read more

View More Biden administration expands EV tax credits in boost for Tesla, Cadillac, others

Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet

Andrew Ross Sorkin speaks with Amazon CEO Andy Jassy during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty Images Shares of Amazon fell as much as 4% on Friday, a day after the e-retailer … Read more

View More Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet

Analysts stand by Apple, say iPhone maker’s ‘flywheel keeps spinning’ despite disappointing earnings

Analysts aren’t giving up on Apple despite the tech giant’s near-term headwinds. The iPhone maker on Thursday posted its largest quarterly decline in revenue since 2016 . It also posted weaker-than-expected results in multiple areas as it grappled with a strong dollar, macro issues and production problems in China that constrained iPhone 14 Pro and … Read more

View More Analysts stand by Apple, say iPhone maker’s ‘flywheel keeps spinning’ despite disappointing earnings

Google CEO promises new AI features are coming to search ‘very soon’ amid competition from ChatGPT

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images Alphabet and Google CEO Sundar Pichai said Thursday that the company will soon add advanced AI features to its search engine. On Tuesday, CNBC reported that … Read more

View More Google CEO promises new AI features are coming to search ‘very soon’ amid competition from ChatGPT

Apple telegraphed that things are getting better after a tough quarter — here’s how to interpret its remarks

Apple reported a tough December quarter on Thursday, including the company’s biggest quarterly revenue decline since 2016, along with sales drops in its iPhone, Mac and wearables businesses. At first, investors didn’t like the results, with Apple shares dropping as much as 4% in extended trading. But the stock had a brief rally after Chief … Read more

View More Apple telegraphed that things are getting better after a tough quarter — here’s how to interpret its remarks