Activist investor Nelson Peltz, through his Trian Fund Management, has formally nominated himself and former Disney CFO Jay Rasulo to Disney’s board of directors. In a proxy filing, Peltz outlined several initiatives and performance targets they plan to pursue if elected. One key focus is ensuring a successful CEO succession, addressing the prolonged retirement delay… Continue reading Nelson Peltz states his case for joining the Disney board

Samsung has unveiled its latest flagship Galaxy S24 smartphone range, introducing new artificial intelligence (AI) features to captivate consumers in 2024. The S24 series includes three versions: S24, S24+, and S24 Ultra, priced at $800, $1,000, and $1,300, respectively. While the S24 Ultra maintains a familiar design, the significant upgrade lies in its internal components… Continue reading Samsung announces new Galaxy S24 lineup with AI-powered photo editing, search features

The U.S. Court of Appeals for the Federal Circuit has reinstated a ban on Apple’s sale of watches equipped with blood oxygen sensors, effective from Thursday. This decision could pose challenges to Apple’s operations and potentially impact its sales. The court lifted an interim stay that had permitted the resumption of sales for the Apple… Continue reading Apple again banned from selling watches in U.S. with blood oxygen sensor

Microsoft CEO Satya Nadella, speaking at the World Economic Forum in Davos, expressed the need for global coordination and consensus on artificial intelligence (AI) regulations. Nadella acknowledged that while regulatory approaches may differ across jurisdictions, there is a growing global consensus on how to address the challenges posed by AI. He emphasized the importance of… Continue reading Microsoft CEO Satya Nadella says global consensus on AI is emerging

Tesla and SpaceX CEO Elon Musk, who is also the owner of the social network X (formerly Twitter), has expressed his desire to obtain approximately 25% of voting control over Tesla, the electric vehicle business he co-founded. Currently, Musk owns around 13% of Tesla, translating to roughly 411 million shares out of the company’s 3.19… Continue reading Elon Musk wants more control of Tesla, seeks 25% voting power

Semiconductor design and software firm Synopsys has unveiled plans to acquire Ansys, an engineering and product design software company, in a cash-and-stock deal valued at approximately $35 billion. This landmark acquisition is positioned as one of the largest tech deals announced in recent years. Synopsys will pay around $390 per share, comprising $197 per share… Continue reading Synopsys to acquire graphics software maker Ansys in $35 billion tech deal

BlackRock CEO Larry Fink sees the recent approval of Bitcoin exchange-traded funds (ETFs) as just the beginning of a broader transformation in the financial world. Fink, who leads the world’s largest asset manager, believes that ETFs, allowing investors exposure to the volatile cryptocurrency, represent the initial phase of a technological revolution in financial markets. Speaking… Continue reading BlackRock’s Larry Fink says bitcoin ETFs are just the first step in the technological revolution of finance

Tesla’s shares faced a 4% dip as a result of various challenges affecting the electric vehicle (EV) manufacturer. Supply chain disruptions in the Red Sea due to attacks by the Iranian-backed Houthi militia group led to Tesla’s decision to suspend most production at its factory near Berlin from January 29 to February 11, creating a… Continue reading Tesla stock down on Red Sea delays, rising labor costs and price cuts

In early trading on Thursday, Microsoft briefly claimed the title of the most valuable publicly traded company, surpassing Apple. This development comes on the heels of a series of challenges faced by Apple at the beginning of the year. Foxconn, a Chinese assembler responsible for Apple’s iPhones, reported a year-over-year revenue decline, and reports surfaced… Continue reading Microsoft briefly tops Apple as most valuable public company

Late Wednesday night, Google implemented job cuts impacting several hundred employees as part of its ongoing efforts to enhance efficiency and focus on its “biggest product priorities.” These layoffs affect teams within Google’s hardware and central engineering divisions, as well as individuals working on Google Assistant, the voice-activated software product. Other areas of the company… Continue reading Google cuts hundreds of jobs across engineering, hardware teams

Bitcoin experienced a significant surge, reaching levels unseen since December 2021, following the Securities and Exchange Commission’s (SEC) approval for the first-ever spot Bitcoin exchange-traded funds (ETFs) to trade in the U.S. The cryptocurrency rose more than 5%, reaching $48,446.74, briefly surpassing $49,000. Ether also saw an 8% increase, reaching $2,678.74, levels not witnessed since… Continue reading Bitcoin rallies to $49,000 after SEC greenlights launch of U.S. bitcoin ETFs

Amazon is implementing significant layoffs across its Prime Video and MGM Studios divisions, affecting hundreds of employees. Mike Hopkins, overseeing these units, conveyed the decision in a memo stating that the cuts aim to prioritize long-term business success. The company has scrutinized various aspects of its business over the past year to enhance its ability… Continue reading Amazon cuts hundreds of jobs in Prime Video and MGM Studios: Read the memo to employees