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How much the US labor market benefits from immigration
The rate of unemployment is up. But is the recent US labor market really an indicator for slowing economical growth? Goldman Sachs says no. The uptrend of unemployment is rather a cause of immigration. Since…
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How Google’s Gemini could power iPhone AI features
Apple is far behind in the AI business since the significantly developed field expanded very much over the last couple of months. But now the tech giant is in talks with Google. Apple plans to…
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Elon Musk sued OpenAI and Sam Altman
Elon Musk, the person behind companies like SpaceX and Tesla, sued the company behind ChatGPT, OpenAI and its CEO, Sam Altman. He accuses the company to put profits and financials of the company in front…
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S&P 500 reached the 5000 mark
The S&P 500 index reached 5000 points, a record breaking number. This comes as investors put their money into Artificial Intelligence and other tech companies like Meta. Reasons for that are also the better-than-expected earnings…
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Meta added $197 million in market capitalization
On Saturday, February 2nd, the stock of Meta surged by about 20%. This happened after the company proposed their earnings of last year and they announced a new shareholder return initiative. Last years earnings turned…
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Universal Music pulls songs off from TikTok
If the two more than famous companies don’t come to a new agreement, Universal Music will withdraw the licenses of their tracks from the social media platform TikTok. The platform is also home to stars…
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Novo Nordisk became second European company to reach $500 billion valuation
The Danish company Novo Nordisk became the second European company to reach the $500 billion in market value. This was also due to their popular obesity drug. The company experienced a massive increase on Wednesday,…
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First Neuralink was implemented into a patient
The world famous Elon Musk, often criticized lately, said his company successfully implemented it’s first Neuralink into the brain of a patient. This is a significant step for his startup Neuralink Corp., which aims to…