Top News in Finance for July 13, 2023

by 13. Jul 2023 @ 8:56News, Top Market Insights for Today

KEY POINTS

Dive into this week’s key financial happenings with our succinct, easy-to-understand summaries of the most crucial economic events. Designed to keep you up-to-date, our roundup empowers you to navigate the week ahead and seize unfolding opportunities

  • Google’s AI chatbot Bard evolves and spreads its wings to Europe and Brazil
  • Delta Air Lines soars to an all-time high with record-breaking quarterly earnings
  • Disney extends its magical reign with CEO Bob Iger till 2026
  • FTC is not backing down on Microsoft-Activision merger, files appeal
  • ByteDance’s TikTok faces a challenging dance-off with EU regulators over data privacy issues

Google’s AI Chatbot Bard Expands Its Reach

Alphabet’s cutting-edge AI chatbot, Bard, now supports 40 languages and includes audio responses. It’s also making inroads into Europe and Brazil. With this expansion, Alphabet shares edged higher, indicating the value the market places on innovative AI products.

Delta Air Lines Reaches New Heights

Delta Air Lines shares gained altitude, riding on the wings of their highest-ever quarterly revenue and earnings. The company’s performance reflects robust travel demand, despite fears of an economic downturn.

Disney’s Extended Journey with CEO Bob Iger

Disney’s magic continues as it extends CEO Bob Iger’s contract through 2026. This move is expected to enable Iger to further restructure the company and ensure a smooth succession. The market welcomed this news, pushing Disney shares higher.

FTC Makes Another Move Against Microsoft-Activision Merger

In a continued bid to halt the Microsoft-Activision merger, the Federal Trade Commission has filed a notice of appeal. This move, however, didn’t impact Microsoft’s share prices, which showed a slight uptick.

TikTok’s Dance with EU Regulators

ByteDance’s TikTok is facing a tricky dance-off with EU regulators concerning data privacy issues. Increased scrutiny and potential sanctions could significantly affect the social media giant’s profitability and user base in the region.

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