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Investing
Nio stock jumps as Abu Dhabi investor to pour in $2.2 billion
Nio stock surged in premarket trade on Monday after the Chinese electric vehicle maker said it’s received a $2.2 billion investment from an Abu Dhabi…
Elon Musk’s X faces new EU probe over illicit content
The European Union has opened a formal investigation into X over its content moderation practices, a probe that could eventually lead to steep…
Vodafone shares surge after Iliad proposes $11.4 billion merger of Italian units
Vodafone
VOD,
+3.62%
shares surged on Monday after French telecoms company Iliad submitted proposals to merge its Italy operations…
Goldman Sachs lowers its 2024 oil price forecast by 12% due to bumper US output
Goldman Sachs has cut its forecast for the average oil price next year by 12%, citing abundant production in the United States.…
Vans, North Face owner said a cyberattack is disrupting its ability to fulfill orders
A cyberattack last week at VF Corp., which owns a number of clothing brands including the North Face, Vans and Timberland, is hampering its…
Adobe to terminate $20 billion Figma buyout because of regulatory pressure
Adobe Inc. and design-tools maker Figma said Monday they have agreed to terminate their $20 billion merger agreement, announced 15 months ago, as the…
AI was the buzzword of 2023. What happens in 2024?
AI is the buzzword du jour. The emerging industry has kept investors optimistic and stirred up market euphoria throughout 2023.…
Energy prices surge as BP pauses oil tanker transits through Red Sea
BP said Monday that it would pause all shipments through the Red Sea because of increased attacks on vessels by Houthi militants in Yemen.…