Virgin Galactic’s papers grew by more than 24% on the New York Stock Exchange on Monday following the company's announcement of its first commercial flight. The New York Stock Exchange opened trading on Monday with Virgin Galactic shares up 24.4% to $4.49 after the firm announced the launch of its...

Apple made a record amount of money in India in the first quarter of the year, according to CEO Tim Cook, who emphasised the potential of what might become a crucial market for the tech giant in terms of iPhone sales and production.   During Apple's earnings call on Thursday, Cook stated...

According to Bloomberg, Alibaba's international online trading branch, which also includes AliExpress, is considering an IPO in the US. The international online commerce division of Alibaba Group, which comprises AliExpress and Lazada, is thinking about going public in the United States, reports...

Tesla Inc., which has cut costs on its most popular vehicles since the start of the year, increased pricing on its Model Y and Model 3 electric vehicles in the United States, China, Japan, and Canada. The U.S. carmaker increased the beginning pricing of its Model Y and Model 3 electric cars in the...

According to a report by the research firm Gartner, global semiconductor makers' revenue will drop by 11.2% in 2023 and reach roughly $532 billion. The amount grew by merely 0.2% to $599.6 billion in 2022. "Economic headwinds persist, with weak demand for electronics in end markets spreading from...

In an effort to overcome a difficult environment for leveraged buyouts and obtain the company's asking price of more than $10 billion, the bankers overseeing the sale process for Subway have provided the private equity firms bidding for the sandwich chain with a $5 billion acquisition financing...

In order to compete with Netflix and Disney in India, Mukesh Ambani, the richest man in Asia, is expected to concentrate his video streaming firm on local content and price after signing a deal with Warner Bros.   Popular HBO and Warner Bros. series like Harry Potter and Succession will be...

Generative artificial intelligence (AI) was not a major part of the proposals for regulating ChatGPT or other generative AI technologies by EU legislators until just a few months ago.   Two years prior, the bloc's 108-page AI Act proposal that was made public contained just one use of the...

Online retailer Amazon had a net profit of $3.172 billion in the first quarter versus a loss of $3.844 billion during the same period in 2022. For the period, diluted earnings per share were $0.31 as opposed to a loss of $0.38 from the prior year. Amazon's sales increased by 9% to $127.358...