Investing News

Meta’s metaverse retreat: Zuckerberg prepares deep cuts as AI takes center stage

Mark Zuckerberg is proposing steep cuts to Meta’s metaverse effort as the company is shifting focus and capital toward AI…

Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

MILAN — The Prada Group announced Tuesday that it has officially purchased Milan fashion rival Versace in a 1.25 billion…

Shopify says a daylong Cyber Monday outage has been resolved

Outages on Shopify’s e-commerce platform have been resolved, the company said late Monday, bringing to an end a daylong glitch…

Stock News

IREN stock price is in a bear market: is it safe to buy the dip today?

The IREN stock price has nosedived recently and formed a risky pattern that points to further downside. It dropped to…

Ofgem approves $37B grid investment, adding £108 to average UK bills by 2031

The British energy regulator has given its approval to a substantial £28 billion (approximately $37.33 billion) investment plan spanning the…

Why is Salesforce stock being called ‘historically cheap’: is now the time to buy?

After a choppy year for enterprise software, Salesforce (NYSE: CRM) is suddenly wearing a new label: value stock. With shares…

Economy News

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