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Technology

Microsoft said that the monthly fee for Teams' premium subscription will first rise to $10 in July f
  • by Microsoft releases Teams Premium powered by ChatGPT.
  • Feb 02, 2023
Microsoft releases Teams Premium powered by ChatGPT.

Microsoft Corp. launched a premium Teams messaging service on Wednesday, powered by ChatGPT, to streamline meetings using the AI chatbot that has been sweeping Silicon Valley.

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Tesla's pricing reduction is putting pressure on other electric vehicle makers to react.
  • by Ford will lower the cost of the Mustang Mach-E, following Tesla's example.
  • Jan 31, 2023
Ford will lower the cost of the Mustang Mach-E, following Tesla's example.

Ford Motor Co on Monday cut prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle, weeks after rival Tesla Inc slashed prices globally on its electric vehicles by as much as 20%.

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Banking

As deal-making sputters and the consumer sector suffers, Goldman misses profit projections.

As it battled a decline in dealmaking, a decline in asset and wealth management revenue, and incurred losses at its consumer division, Goldman Sachs Group Inc. on Tuesday announced a larger-than-expected 69% drop in fourth-quarter earnings.

Anu Aiyengar of JPMorgan becomes the lone female M&A executive on Wall Street.

Anu Aiyengar of JPMorgan Chase & Co. will take over as the only global head of mergers and acquisitions, making her the first woman to hold that position at a significant Wall Street bank.

Musk's banks will report Twitter loan losses to minimise losses.

Several banks that provided Elon Musk with $13 billion in loans to purchase Twitter are getting ready to record losses on those loans this quarter.

Global regulator: $80 trillion "blind spot" in FX swap debt.

The Bank for International Settlements (BIS) reported that pension funds and other "non-bank" financial institutions have hidden, off-balance sheet dollar debt in FX swaps totaling more than $80 trillion.

Asia's stocks decline as China opens; oil prices rise.

Asian shares extended their rally on Monday.