Lockheed may have to wait until it proves the new F-35 software works to receive a $400 million payment.
How China Quickly Became the Global Market Leader in Electric Cars
Sarah Silverman, a comedian, filed a lawsuit against Meta and OpenAI, claiming that their large language models were trained using a copy of her book. Thousands more other authors are potentially named in the copyright infringement lawsuit.
The latest installment in the “Mission: Impossible” franchise opened to disappointing box office results, sending shares of Paramount Global down by 4% and reflecting the industry’s current plight.
Elon Musk, Twitter’s owner, revealed that the company has negative cash flow and that advertising revenue has decreased by over 50%.
Authorities in the Eurozone keep their sight set on Silicon Valley. Data protection authorities in Norway have declared that Meta’s (META) monitoring of Instagram and Facebook users constitutes an invasion of their privacy. Therefore, the deadline for the corporation to take corrective action is August 4th. If it doesn’t, the government will fine it $100,000 every day from now until November 3rd, when the deadline is.
Ford’s price cuts for electric vehicles (EVs) have sparked a price war in the industry. To compete with Tesla and the other big players in the truck business, Ford has announced a 17% price decrease on the base model of its F-150 Lightning pickups.
In order to attract customers, large banks are increasing their deposit incentives. The largest banks in the country, such as JPMorgan Chase, Wells Fargo, and Citigroup, have significant market share and pricing clout.
Vaccines developed by AstraZeneca and Sanofi against respiratory syncytial virus (RSV) have been given FDA approval.
Warren has pushed for an SEC probe into Tesla’s Twitter ties and corporate governance.
Bank of America (BAC), Novartis (NVS), Morgan Stanley (MS), and Lockheed Martin (LMT) will all report earnings on Tuesday, July 18.
Goldman Sachs (GS), Tesla (TSLA), Netflix (NFLX), IBM (IBM), U.S. Bancorp (USB), United Airlines (UAL), Las Vegas Sands (LVS), and Nasdaq (NDAQ) will all report earnings on Wednesday, July 19.
Johnson & Johnson (JNJ), Abbott Laboratories (ABT), Taiwan Semiconductor Manufacturing (TSM), Philip Morris International (PM), Travellers (TRV), American Airlines (AAL), Capital One (COF), and CSX (CSX) are all scheduled to release earnings on Thursday, July 20.
American Express (AXP), Schlumberger (SLB), AutoNation (AN), and Huntington Bancshares (HBAN) will all report earnings on Friday, July 21.
WMT, GRPN, JPM, MSFT, WMT, GOOGL, COIN and AAPL were among the several stocks trending this week.
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