Jaafar Jameel

Twitter accepted Tesla CEO Elon Musk's $43 billion deal to take over the social media network on Monday. The world's richest man is one of Twitter's most powerful users, and as part of the arrangement, he wants to take the firm private.

Elon Musk promised additional features, with a strong emphasis on content regulation and freedom of expression.

On Monday's trading session, Twitter stock rose 5.66%

GM and POSCO Chemical of South Korea will develop a $400 million plant in Canada to create battery materials as the automaker pushes up plans to produce mostly electric cars (EVs) in the future, the firms announced on Monday.

In Becancour, Quebec, the plant will produce cathode active material (CAM) for vehicle batteries. The most complicated and expensive chemical component of an electric vehicle battery is the cathode.

TikTok Bans Live-streaming & New Uploads in Russia

Chinese-owned social media giant, TikTok, stated on Sunday that it shall suspend the uploading of videos and live-streaming in Russia to the renowned platform, as the company digests the latest implications of a new media law signed by President Vladimir Putin on Friday.

As announced by TikTok on Twitter, "We have no choice but to suspend livestreaming and new content to our video service while we review the safety implications of this law”.

Boieng, Apple & other companies suspend their work with Russia

Boeing has halted maintenance and technical support for Russian airlines, while Exxon Mobil, the world's largest oil company, has announced its exit from the country. Airbus has also stopped sending spare parts to Russia and supporting Russian airlines, while Apple has halted sales of iPhones and other products in Russia. This is just small number of companies which rejected Moscow's invasion of Ukraine.

Recorded profits for Lenovo in the third quarter

(Reuters) -Third-quarter profit jumped 62% to an all-time high of $640 million at China's Lenovo Group the world's biggest maker of personal computers said on Wednesday, as the growing popularity of hybrid work arrangements boosts demand for PCs.

Putin orders forces into rebel eastern Ukrainian regions after recognizing their independence

Russian President Vladimir Putin, after recognizing the independence of two rebel regions in Eastern Ukraine, has ordered troops intro the regions of Donetsk and Luhansk, which has undermined global hopes for a diplomatic resolution. Putin has also accused governments of Western nations of engaging in hostile activities which has threatened Russian security.

Attackers stole hundred of NFTs from Open sea users. Molly White, who runs the blog Web3 is Going Great, estimated the value of the stolen tokens at more than $1.7 million.

Meta platforms has tumbled out of the world's 10 largest companies by market value, hammered by it's worth monthly stock decline ever.

Walt Disney beats the expectation

The Walt Disney stock (NYSE: DIS) jumped over 3% in Wednesday’s trading session, after the company added 11.8 million new subscribers to its Disney+ streaming service in the first quarter of the new fiscal year.
This boosted individual and retail investor confidence and faith in the future of the renowned American giant, surging its pre-market share price by over 6%, to currently value at $147.23 a share.

Facebook suffered its biggest one-day drop ever in Thursday as its stock plummeted 26% and its market value drop $230 billion.

Mark Zuckerberg has seen $29bn wiped off his net worth after the share price of Meta saw a record one-day plunge.

UPS rocketed 16% after amazing earning

United Parcel Service Inc (UPS.N) raised its revenue forecast for 2022 above market forecasts and increased its dividend for the first time, as the logistics behemoth reported record annual profitability fueled by a pandemic-driven boom in online shopping and labor shortages.

The shares of UPS soared 16% to a new high of $233.72 per share.

The U.S. antitrust review of Microsoft Corp's $68.7 billion proposed acquisition of "Call of Duty" maker Activision Blizzard Inc will be handled by the Federal Trade Commission , Bloomberg News reported late on Monday, citing a person familiar with the matter.

In London, Vodafone stock rose 4% on news that activist investor Cevian Capital had acquired a stake in the telecom company.

ADRs traded on the Nasdaq were up 0.4 percent.

Mastercard beats the estimation

The company's profit rose to $2.4 billion, or $2.41 per share, for the fourth quarter ended Dec. 31, from $1.8 billion, or $1.78 per share a year earlier.

On an adjusted basis, Mastercard earned $2.35 per share. Analysts had expected a profit of $2.21 per share, according to Refinitiv IBES data.

Net revenue rose 27% to $5.2 billion.

Mastercard profit beats on spending, travel revival

SHEIN revives plan for New York listing in 2022

SHEIN founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China.The (IPO), if finalised, would be the first major equity deal by a Chinese company in the United States since regulators in the world's second-largest economy stepped in to tighten oversight of such listings in July.

Netflix shares tumbled 24% Friday after the company quietly admitted that streaming competition was eating into its own growth in its fourth-quarter earnings release Thursday.

Microsoft Acquires Activision for $69B

(Reuters) - Microsoft is buying "Call of Duty" maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future.

Oil price hit 7 year highe

(Reuters) - Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen's Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition.

Brent crude $87.33
WTI crude $84.95

Uruguay has apparently installed its first Bitcoin (BTC) ATM, making it the 11th South American country to do so officially. South America had 79 ATMs prior to Uruguay's entry, accounting for 0.2 percent of global BTC ATM installations.

Snapchat stock dropped 10%

Cown analyst John Blackledge lowerd his snap rating to market perform from Outperform and slashed his price to $45 from$75. Snap stock fell 10% to close at $38.04 at last trading session.

TSMC sees multi-year growth ahead, to boost chip spending in 2022

Due to soaring semiconductor demand, Taiwanese chipmaker TSMC expects robust growth to increase in the coming years, as the tech giant posted a record quarterly profit on Thursday and said it aims to spend at least a third more than last year.

Twitter buys minority stake in digital advertising startup Aleph

As it prepares to go public in the United States, Twitter Inc (NYSE:TWTR) has acquired a minority position in Aleph Group Inc, a digital advertising firm.

Aleph did not disclose the investment's financial details, but claimed Twitter's stake purchase will help the firm develop its educational technology platform.

(Reuters) - Amazon.com Inc has filed fresh legal challenges in its long-running dispute with Indian retailer Future Group after the national antitrust agency suspended a 2019 deal between the two sides, leading to a halt in their arbitration, four sources told Reuters on Sunday.

Apple first major product announcement of the year often occur in March or April, there's a reasonable chance that trend will continue in 2022.

Apple stock price today $174.92

Apple Hits $3 Trillion in Market Capitalization

Not only is Apple the largest company in the world with regards to market capitalization, it has now become the first company in history to hit the $3 trillion market valuation mark. The tech tycoon has achieved this milestone in the first day of trading in the new year, currently trading near all-time highs at $182.01 apiece.