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Trump Media got back almost $1 billion in market cap as the stock rebounded

After a weeks-long downward spell, Trump Media & Technology Group stock has been back on the rise.

Netflix stock slips 9% after it said subscriber numbers will dip

Netflix plans to eventually phase out reporting subscriber data — and the move has investors a bit puzzled. Netflix stock closed down 9.1% on Friday, after the company reported its first quarter earnings on Thursday. The dip followed Netflix’s forecast that subscribers will be lower during the second quarter, which…

Warner Bros. Discovery CEO David Zaslav got paid $50 million even as the company lost money

Despite Hollywood often being at a standstill for half the year in 2023 due to two strikes, Warner Bros. Discovery CEO David Zaslav saw his take-home pay grow significantly.

Google tells staff not to 'debate politics' after firing workers who protested Israel contract

Google CEO Sundar Pichai told employees not to “fight over disruptive issues or debate politics” at the office, a day after the company fired 28 workers who had protested against Googles cloud computing and AI services contract with Israel.

Paramount stock surged 13% because Sony and Apollo might buy the company

Paramount Global stock soared more than 13% on Friday, making it the day’s best performer on the S&P 500. The stock surged followed a Reuters report that Sony Pictures Entertainment and Apollo Global in talks about a joint bid to purchase Paramount.

The Dow jumps 200 points but the Nasdaq plunges 300 as markets end the week all over the place

The Dow Jones Industrial Average rebounded Friday as Israel and Iran appeared to step back from the brink of a larger confrontation following Israeli airstrikes overnight. But the other major U.S. stock indexes ended the week in the red.

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Super Micro Computer plunges 23%, dragging Nvidia and other AI stocks down with it

It was a bad day for artificial intelligence stocks on Friday. It started when Super Micro Computer saidit won’t pre-announce earnings and that it will report fiscal third-quarter results on April 30. That spooked investors who worried the company’s earnings might not meet expectations.

Lululemon plans to layoff hundreds of employees as it closes a distribution center

Lululemon is in the process of closing down its distribution center in Washington and laying off 128 employees, according to a WARN filing submitted on Thursday to the state’s Employment Security Department.

Disneyland's Mickey and Minnie are trying to form a union

Disneyland’s Mickey, Minnie, Goofy, and Pluto argue that they’re underpaid and deal with a harrowing work environment. Now, they’re trying to unionize.

The Pentagon is spending billions on Big Tech and Silicon Valley startups as it goes all-in on AI

A new report from Brown University’s “Costs of War” project sheds light on a renewed closeness between the Pentagon and Silicon Valley, with the Department of Defense and U.S. intelligence communities awarding contracts to major tech firms worth as much as a combined $53 billion between 2019 and 2022.

Trump Media says traders might be illegally short-selling the stock

Trump Media & Technology Group is warning the Nasdaq of “potential market manipulation” related to the “naked” short-selling of its stock.

Air traffic controllers will have to take a 10-hour break between shifts to avoid fatigue

The U.S. Federal Aviation Administration said on Friday that it is increasing the amount of required rest time that air traffic controllers get between shifts, addressing growing concerns over controller fatigue.

Nordstrom really wants to go private this time

Nordstrom’s founding family is seriously considering going private (again) and it has formed a special committee to evaluate any bids.

A JetBlue Airways plane almost ran into a Southwest Airlines plane

In another scary plane incident during a year that has been full of them, a JetBlue Airways plane and a Southwest Airlines plane nearly ran into one another on the ground Thursday at Washington, D.C.’s Reagan National Airport, NBC News reports.

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Quartz is a digitally native news outlet for the new global economy.Latest news and headlines around the world related to the state of the global economy. News, analysis and comment from the Financial Times, the worldʼs leading global business publication. Get all updates on INTERNATIONAL ECONOMY NEWS, Business news, Global market news, world business, global business trade on Business Standard.

What is today's economic news?

CBDC to bring down time, cost for cross-border transactions: RBI Deputy Guv Sep 7, 2022, 04:01 PM IST.
Cabinet lowers railway land licensing fee, sources say Sep 7, 2022, 02:18 PM IST.
India will cement its place in the upper echelons of tech manufacturing: Mukesh Aghi, USISPF Sep 7, 2022, 02:05 PM IST.
What is the biggest economy in the world?

the United States

With a GDP of 22.3 trillion USD, the United States is by far the world's largest economy in this ranking for 2022. It is followed by China in 2nd place with a GDP of still 19.9 trillion USD.
What is India's rank in GDP?

India's economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. India's GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany.