Sony Group Corp (NYSE:SONY) is weighing spinning off its semiconductor unit Sony Semiconductor Solutions Corp. The spinoff and listing of the semiconductor unit may occur by 2025. Sony is considering distributing most of its holding in the chip business and may retain a minority holding after the spinoff, Bloomberg reported Monday, citing unnamed sources familiar with the matter. […]
Meta Wants To Leverage TikTok Ban Threat to Promote Instagram On Other Social Media, Offers Cash Deals
Anusuya Lahiri | January 27, 2025
Meta Platforms Inc (NASDAQ:META) is trying to promote Instagram by exploiting the absence of the Chinese rival TikTok download option from Apple Inc (NASDAQ:AAPL) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google stores. In 2020, President Donald Trump threatened to ban TikTok, citing national security threats due to its ownership by ByteDance Ltd. However, recently, Trump urged the […]
What’s Going On With Trump Media & Technology Stock On Monday?
Anusuya Lahiri | October 14, 2024
Trump Media & Technology Group Corp (NASDAQ:DJT) stock is trading in a volatile session on Monday, giving up the gains. Multiple reports indicated Donald Trump is offering competition to Vice President Kamala Harris for the U.S. presidential election amidst at least three assassination attempts on the Republican candidate. The arrest of an armed Vem Miller […]
Amazon To Boost Workforce by 250K for 2024 Holidays
Anusuya Lahiri | October 4, 2024
Amazon.com Inc (NASDAQ:AMZN) is targeting 250,000 transportation and warehouse workers in the U.S. to capitalize on the 2024 holiday rush, Reuters reports. The hiring numbers remain the same as in 2023. The hiring ahead of the holiday season underscores the importance of the extra hands in the retail industry. Discount retailer Target Corp (NYSE:TGT) planned to […]
What’s Going On With Southwest Airlines Stock On Monday?
Anusuya Lahiri | June 10, 2024
Southwest Airlines Co (NYSE:LUV) stock is trading higher Monday amid reports that Elliott Investment Management is taking a $2 billion stake in the airline. Initially known for revolutionizing air travel with low fares and focusing on customer service, Southwest Airlines became the top domestic carrier. However, recent challenges have strained its long-standing success, including technology […]