Microsoft to Retire Skype, Shifting Focus to Teams
Microsoft has officially announced that it will retire Skype, the once-dominant platform for video and voice communication, by May 2024. This decision marks the end of an era for Skype, which was founded in 2003 and acquired by Microsoft in 2011 for $8.5 billion. The…
Microsoft to Retire Skype, Shifts Focus to Teams
REDMOND, WA—Microsoft Corporation announced on Tuesday that it will retire its iconic communication platform Skype by May 2023, redirecting its resources toward Microsoft Teams, which has experienced significant growth in recent years. This transition marks a pivotal moment in the landscape of digital communication, as…
US Pending Home Sales Index Falls to Record Low Amid High Mortgage Rates and Prices
In January, the United States pending home sales index reached a record low, declining 4.6% year-over-year. This substantial decrease is primarily attributed to soaring mortgage rates and all-time high home prices, creating a challenging environment for potential home buyers. The National Association of Realtors (NAR)…
YouTube Influencer MrBeast Plans Investment Round Valued at $5 Billion
YouTube influencer Jimmy Donaldson, widely known as MrBeast, is reportedly preparing for an investment round that could elevate the valuation of his company to approximately $5 billion. This news comes amid increasing interest in digital content creators and their potential as significant business enterprises within…
US Stock Markets Fall as Tech Stocks Slide Following Nvidia Earnings Report and Tariff Announcement
U.S. stock markets experienced notable declines on Wednesday, with the S&P 500 closing down 1.6%, the Dow Jones Industrial Average decreasing by 0.5%, and the Nasdaq Composite falling by 2.8%. The downturn was largely attributed to a sell-off in the technology sector, which was exacerbated…
U.S. Stock Markets End Mixed as S&P 500 Snaps Four-Day Losing Streak
U.S. stock markets concluded the trading session on a mixed note on Tuesday, with the S&P 500 index modestly gaining ground after a four-day decline. The S&P 500 closed at 4,273.96, reflecting a slight increase of 0.0%. In contrast, the Dow Jones Industrial Average ended…
Eli Lilly Plans $27 Billion Investment in U.S. Manufacturing Sites as Demand for Zepbound Grows
Eli Lilly and Company, a global leader in pharmaceuticals, has announced plans to invest at least $27 billion in the construction of four new manufacturing facilities in the United States. This substantial investment is driven by an increasing demand for the company’s medication Zepbound, which…
Ukrainian Minerals Deal: President Zelenskyy Set to Finalize Agreement with U.S.
U.S. and Ukrainian officials are preparing for an important meeting as Ukrainian President Volodymyr Zelenskyy is expected to visit the White House early tomorrow. The visit aims to finalize and sign an economic agreement that would grant the United States access to revenues from Ukraine’s…
US Stock Markets End Mixed as S&P 500 Snaps Losing Streak
In a day characterized by volatility, U.S. stock markets closed with mixed results on Wednesday, marking a notable shift in sentiment. The S&P 500 managed to snap a four-day losing streak, finishing the session unchanged at a level of zero percent. In contrast, the Dow…
Eli Lilly to Invest $27 Billion in U.S. Manufacturing Expansion Amid Rising Demand for Zepbound
Pharmaceutical giant Eli Lilly has announced a significant investment plan totaling at least $27 billion to establish four new manufacturing sites in the United States. This decision comes as the company experiences heightened demand for its weight-loss and diabetes treatment, Zepbound, which has gained traction…
