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Netflix stock plunges as subscriber growth worries deepen

SAN RAMON, Calif. (AP) — Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new ye...

Business Highlights: Netflix plunges, home sales decline

____ EXPLAINER: How sweeping EU rules would curb tech companies LONDON (AP) — European Union lawmakers have approved proposed rules that would require online compan...

EXPLAINER: Microsoft's Activision buy could shake up gaming

Microsoft stunned the gaming industry when it announced this week it would buy game publisher Activision Blizzard for $68.7 billion, a deal that would immediately make it a larger video-game company t...

TSMC price jumps NT$6, breaks NT$17 trillion market cap

TAIPEI (Taiwan News) — The share price for Taiwan Semiconductor Manufacturing Company (TSMC) jumped NT$6 (US$0.22) at the start of trading on the Taiex on Wednesday (Jan. 12), bringing the price...

Activists urge Tesla to close new Xinjiang showroom

BEIJING (AP) — American activists are appealing to Tesla Inc. to close a new showroom in China’s northwestern region of Xinjiang, where officials are accused of abuses against mostly Muslim ethnic min...

Apple becomes first company to hit $3 trillion market value, then slips

Jan 3 (Reuters) - Apple Inc (AAPL.O) on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker wi...

Markets 2021: Stocks soar, IPOs explode, crypto goes wild

Wall Street delivered another strong year for investors in 2021, as a resurgence in consumer demand fueled by the reopening of the global economy pumped up corporate profits. As of D...

Markets 2021: Stocks soar, IPOs explode, crypto goes wild

Wall Street delivered another strong year for investors in 2021, as a resurgence in consumer demand fueled by the reopening of the global economy pumped up corporate profits. As of D...

EV start-up Nikola settles with US for $125 million

Electric and hydrogen-powered truck startup Nikola has agreed to a $125 million settlement over charges that it defrauded investors after misleading them about its products, technical advances, and fi...

Biogen cuts the price tag on its Alzheimer's drug in half

Biogen is slashing the price of its Alzheimer’s treatment in half months after it debuted to widespread criticism for an initial cost that could reach $56,000 annually. The drugmaker...

Solid demand, backlog of home orders favors builders in '22

LOS ANGELES (AP) — U.S. homebuilder stocks have outpaced the broader market this year, and analysts are bullish on the prospects for more gains in 2022, despite expectations of continued supply chain ...

Allianz: Volatile markets, US lawsuits, ESG issues and SPACs create new risks for managers

AGCS report identifies trends for risk managers, brokers and insurers in the Directors and Officers (D&O) space.Pandemic-related insolvency risks have not yet been fully averted, while risk of a...

Shell walks 'tightrope' of demands amid climate pressures

LONDON (AP) — From now on, just call it Shell. Royal Dutch Shell on Friday received approval from shareholders to simplify its archaic corporate structure, which grew out of the merg...

MacKenzie Scott won't say how much she's giving 'this time'

In a blog post titled “No Dollar Signs This Time,” billionaire philanthropist MacKenzie Scott said she won’t reveal how much she has given to charity since her last round of donations earlier this yea...

Activist investor pushes Kohl's to sell or split e-commerce

NEW YORK (AP) — An activist investor is pushing department store chain Kohl's Inc. to either sell the entire company or spin off its e-commerce division. In a letter posted online on...