Neoplants bioengineers houseplants to use them as air purifiers

Meet Neoplants, a French startup that is designing genetically modified houseplants so that they can absorb air pollutants. The startup’s first plant, the Neo P1, works hand in hand with the company’s own microbiome located in the soil near the plant roots. Neoplants targets specifically a group of indoor air pollutants that can’t be efficiently…

Twitter shares will be suspended on the New York Stock Exchange on Friday as Elon Musk edges towards a takeover

Trading of Twitter shares on the New York Stock Exchange will be suspended on Friday. Frederic Brown/Getty Images The New York Stock Exchange will suspend Twitter shares Friday as Elon Musk closes in on a takeover. Musk is buying the social media company for $44 billion after trying to walk away from the deal. He…

Mega-cap tech stocks are poised to drop as earnings for giants like Alphabet and Meta have left investors ‘screaming for financial discipline,’ analyst says

REUTERS/Dario Cantatore/NYSE Euronext Mega-cap stocks could see a valuation reset as Meta and Alphabet earnings have disappointed, an analyst said.  Tech giants are seeing less advertising revenue, but traditional ad agencies haven’t been hit as hard, suggesting industry-specific troubles. The New York Stock Exchange’s senior market strategist explained how the market could react to tech…

US stocks climb after GDP shows economy returning to growth, while Big Tech earnings continue to disappoint

Meta logo Arnd Wiegmann/Reuters US stocks traded mixed Thursday as a better-than-expected GDP print showed the economy grew 2.6%.  Meta shares shed 23% after reporting an earnings miss after the closing bell on Wednesday. Meanwhile, the European Central Bank raised interest rates to 1.5%, the highest mark since 2009.  US stocks climbed Thursday after a…

Meta spent $45 billion on stock buybacks last year at $330 a share. The stock is worth $100 today after a post-earnings crash.

Mark Zuckerberg. Justin Sullivan/Getty Meta spent $45 billion on stock buybacks last year, paying about $330 a share on average. Shares in Mark Zuckerberg’s company have plunged 70% this year to around $100. Meta has spent about $91 billion repurchasing stock since 2017, at an average cost of $242 a share. Meta spent about $45…

Kanye West says he lost $2 billion in one day after Adidas, Balenciaga, and Gap severed ties with the rapper over his offensive behavior

Ye, formerly known as Kanye West. AP Photo/Michael Wyke, File Kanye West said he lost $2 billion in one day after companies cut ties with him. West’s Adidas deal was valued at $1.5 billion but the firm scrapped it after his offensive remarks. The rest of his fortune is in music, cash, real estate, and…