The Latest Breaking News from Pixabay

Levi Strauss & Co. (NYSE:LEVI) reported first-quarter FY22 revenue growth of 22% year-over-year to $1.6 billion, + 26% on a constant-currency basis, beating the consensus of $1.55 billion. DTC net revenues +35% Y/Y, driven by company-operated stores and e-commerce. Wholesale net revenues +15% Y/Y, and global digital net revenues grew ~16% Y/Y.…

Volkswagen AG (OTC:VWAGY) to discontinue several of its combustion engine models by the end of the decade and sell fewer cars overall to focus on developing more profitable premium vehicles, Financial Times reported, citing the company's finance chief. "The main goal is not growth, it is us [more focused] on quality and…

Twitter Inc (NYSE:TWTR) will stop amplifying Russian government accounts, asking other government-affiliated media to remove posts featuring prisoners of war, citing international humanitarian law. Twitter would add warnings to state-backed accounts’ posts about prisoners when they have a “compelling public interest,” quoting Article 13 of the Geneva Convention III.  Also Read: Twitter Admits It Removed…

Martin Schmid, Rudolf Kadlec, and Matej Moravcik left Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)-owned DeepMind in January to set up EquiLibre Technologies, CNBC reports. The trio seek to develop artificial intelligence for stock and crypto picking. They look to use reinforcement learning to train an AI system to buy and sell shares and make a…

Mizuho analyst James Lee kept a Buy rating on Uber Technologies Inc (NYSE:UBER) with a $72 price target (100% upside). Lee reiterated Uber as a top pick in the U.S. Washington passed a new law that enabled gig drivers to remain as contractors while receiving benefits like injury protection and paid medical leave.  The law…

Apple Inc (NASDAQ:AAPL) launched Apple Business Essentials, a new program for businesses to set up, manage and install software on workers' iPhones, iPads, and Macs. The product is aimed at smaller customers, primarily those without dedicated IT departments. It comes at a monthly price of $2.99 to $24.99 per worker. The product enables…

S&P 500 will reclassify the sectors of some significant shares in 2023. Payment processing companies currently classified as tech firms would join the financial industry.  Other tech names providing outsourcing or human resources support would come under industrial stocks. The dominance of tech stocks in the S&P 500 would likely shrink following…

As per a new NBC News poll, one in five Americans has invested in, traded, or used cryptocurrency. Another sign that digital assets continue to get more popular even as lawmakers warn of market risks and work to regulate the industry, reported CNBC. According to the poll, half of the men…

A security breach that allowed hackers to swindle 173,600 Ether and 25.5 million USDC tokens in a $600 million hack of play-to-earn game Axie Infinity is making investors cautious about cryptocurrency, Bloomberg reported, citing Animoca Brands co-founder Yat Siu. The incident could alter the attitude and responsibilities of venture capitalists investing in crypto. Animoca is…

Automakers, stating in court papers, will back environmental regulators in defending the higher standards, thus backing the Biden administration's stricter air pollution standards for passenger cars, writes the Wall Street Journal.  The Alliance for Automotive Innovation, a lobbying group for automakers and suppliers, petitioned the U.S. Court of Appeals in Washington,…

BioNTech SE (NASDAQ:BNTX) reported Q4 FY21 revenues of €5.53 billion compared to €345.4 million a year ago, mainly due to high demand for the company's COVID-19 vaccine. BioNTech and its partner Pfizer Inc (NYSE:PFE) delivered approximately 2.6 billion doses of Comirnaty/BNT162b2 worldwide in 2021, including over 1 billion doses to low- and middle-income countries. As…