US CDC is still looking at the potential risk of stroke from Pfizer’s COVID bivalent injection

US CDC is still looking at the potential risk of stroke from Pfizer’s COVID bivalent injection

26 Jan. (Reuters) – New data from a US Centers for Disease Control and Prevention (CDC) database shows a possible link to stroke risk for older adults taking an updated Pfizer (PFE.N)/BioNTech (22UAy.DE) COVID-19 received a booster shot, but the signal is weaker than what the agency flagged earlier in January, health officials said Thursday. … Read more

Musk says Tesla’s price cuts drove demand, 2023 sales could reach 2 million vehicles

Musk says Tesla’s price cuts drove demand, 2023 sales could reach 2 million vehicles

25 Jan. (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have fueled demand for its electric vehicles, Chief Executive Elon Musk said Wednesday, allaying concerns that a weak economy would curb buyer interest. The company slightly beat Wall Street’s targets for fourth-quarter revenue and profit earlier on Wednesday, despite a sharp decline in vehicle profit … Read more

IBM cuts 3,900 jobs, misses annual cash target

IBM cuts 3,900 jobs, misses annual cash target

25 Jan. (Reuters) – IBM Corp. (IBM.N) announced 3,900 layoffs on Wednesday as part of a series of asset divestments and missed its annual cash target, dampening sentiment about beating fourth-quarter revenue expectations. Chief Financial Officer James Kavanaugh told Reuters the company was still “committed to hiring for customer-centric research and development.” The layoffs — … Read more

Microsoft cloud outage affects users around the world

Microsoft cloud outage affects users around the world

A failure has consequences for the Microsoft cloud platform Azure for hours Multiple Microsoft services including Teams and Outlook hit Microsoft says most customers have now restored service Shares down 3.2% Jan. 25 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it had restored all of its cloud services after a network outage knocked out … Read more

Hindenburg says he has short positions in India’s Adani

Hindenburg says he has short positions in India’s Adani

BENGALURU, Jan. 25 (Reuters) – Hindenburg Research said on Wednesday it has short positions in Adani Group companies through US-traded bonds and non-Indian-traded derivatives, causing shares of companies in the Indian conglomerate to slide. The short-seller said seven listed Adani companies are down 85% fundamentally due to skyrocketing valuations and that “major Adani listed companies … Read more

Taylor Swift concert fiasco sparks U.S. Senate whims for Ticketmaster

Taylor Swift concert fiasco sparks U.S. Senate whims for Ticketmaster

WASHINGTON, Jan. 24 (Reuters) – US senators on Tuesday criticized Live Nation Entertainment’s lack of transparency and inability to block bot purchases of tickets at a hearing following a major fiasco involving ticket sales for Taylor Swift’s upcoming concert tour . Ticketmaster, a subsidiary of Live Nation Entertainment Inc (LYV.N), which has been unpopular with … Read more

Wall Street falters after mixed gains, trading halt malfunction

Wall Street falters after mixed gains, trading halt malfunction

SEC investigates NYSE opening bell error 3M slides on dismal Q1 forecast J&J falls on sales alert; GE down on weak earnings outlook Microsoft will release quarterly figures after the stock market close Indices: Dow up 0.18%, S&P 500 down 0.13%, Nasdaq down 0.25% NEW YORK, Jan. 24 (Reuters) – Wall Street was mixed on … Read more

The US FDA proposes to switch to annual vaccinations against COVID

The US FDA proposes to switch to annual vaccinations against COVID

23 Jan. (Reuters) – The US health regulator on Monday proposed a dose of the latest updated COVID-19 shot per year for healthy adults similar to the flu vaccination campaign as it aims to simplify the country’s COVID vaccination strategy. The U.S. Food and Drug Administration has also asked its panel of outside advisors to … Read more

Microsoft is going to invest more in OpenAI as the tech race progresses

Microsoft is going to invest more in OpenAI as the tech race progresses

23 Jan. (Reuters) – Microsoft Corp. (MSFT.O) announced a further multi-billion dollar investment in OpenAI on Monday, cementing ties with the startup behind chatbot sensation ChatGPT and paving the way for more competition with rival Alphabet Inc’s (GOOGL) .o) Google. Microsoft recently touted a revolution in artificial intelligence (AI), building on a bet it made … Read more

Wall Street Rises, Driven by Technical Rebound

Wall Street Rises, Driven by Technical Rebound

Baker Hughes falls on missing fourth quarter earnings estimates Activist investor Elliott Management takes a stake in Salesforce Chips on track for biggest daily gain since Nov Indexes up: Dow 0.98%, S&P 1.41%, Nasdaq 2.09%, NEW YORK, Jan. 23 (Reuters) – Wall Street rallied Monday, led higher by technology stocks as investors began a week … Read more