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May 9, 20231 min read
Intel Confirms Plans to Cut Workforce Amid Challenging Economic Environment
Intel, the semiconductor chip manufacturer, has announced plans to reduce its workforce as part of cost-cutting measures to navigate a...
241 views0 comments
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May 8, 20232 min read
European Union Considers Extraterritorial Sanctions Against Russia and China
The European Union is preparing to impose a new round of sanctions on Russia, targeting companies and countries that are believed to be...
195 views0 comments
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May 8, 20232 min read
Warren Buffett compares AI to the atom bomb, expresses concerns about its potential dangers
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, recently expressed his concerns about the rapid advancement of...
143 views0 comments
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May 5, 20233 min read
President Biden Meets AI Industry CEOs to Discuss Risks and Safeguards
U.S President Joe Biden recently attended a meeting at the White House with CEOs of top artificial intelligence (AI) companies, including...
878 views0 comments
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May 2, 20232 min read
Morgan Stanley Plans Fresh Job Cuts as Recession Fears and Deal Slump Persist
Morgan Stanley, one of the largest banks in the world, is reportedly preparing to make significant job cuts in response to a challenging...
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May 2, 20232 min read
Vice Media Reportedly Preparing for Bankruptcy Filing as Acquisition Prospects Dim
After a rollercoaster journey that saw Vice Media capture the attention of major investors like Disney and Fox before experiencing a...
6 views0 comments
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May 2, 20231 min read
Elon Musk Warns of Severe Recession if Fed Continues Rate Hikes
Billionaire entrepreneur Elon Musk has expressed concerns over further interest rate hikes by the US Federal Reserve, warning that they...
26 views0 comments
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Apr 29, 20232 min read
SEBI Seeks Extension from Supreme Court for Adani Group Investigation
The Securities and Exchange Board of India (SEBI) has requested a six-month extension from the Supreme Court to complete its...
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Apr 29, 20232 min read
Qualcomm Set to Announce Company-Wide Job Cuts in Response to Tech Slowdown
In its upcoming quarterly results on May 3, Qualcomm, the multinational chip manufacturer, is expected to announce significant job cuts...
140 views0 comments
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Apr 29, 20232 min read
Google Takes Action Against Thousands of Loan Apps in India to Protect Users from Frauds
In recent years, the Google Play Store has witnessed a surge in loan apps claiming to offer quick loans but not all of them are...
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Apr 28, 20233 min read
JioCinema Strikes Content Deal with HBO, Takes Aim at Netflix and Disney in Indian Streaming Market
Mukesh Ambani, Asia's richest person, is poised to make a strong entry into the streaming business with his video streaming platform,...
42 views0 comments
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Apr 28, 20232 min read
Lyft to Lay Off 1,072 Employees as Part of Streamlining Efforts
Ride-hailing app Lyft has announced its plans to lay off 1,072 employees, which constitutes approximately 26% of its corporate workforce....
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Apr 27, 20232 min read
Amazon Announces Layoffs in Cloud Computing and HR Departments
Introduction: Amazon has initiated a series of job cuts affecting its cloud computing and human resources departments. The layoffs, which...
279 views0 comments
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Apr 26, 20232 min read
First Republic Bank Faces Seizure by US Government Following $100bn in Depositor Withdrawals
First Republic Bank, a San Francisco-based lender, has seen its shares plummet to a record low after the bank revealed that depositors...
101 views0 comments
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Apr 25, 20232 min read
Financial Influencers on Social Media: A Growing Risk for Investors and the Economy
The rise of financial influencers in India is a cause for concern, as they have turned into a risk for investors by giving investment...
65 views0 comments
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Apr 25, 20232 min read
Coinbase files petition with US court to compel SEC to create new rules for digital assets
Cryptocurrency exchange Coinbase has filed a petition in the U.S. Court of Appeals for the Third Circuit, requesting the U.S. Securities...
39 views0 comments
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Apr 23, 20232 min read
Bed Bath & Beyond files for bankruptcy protection, but stores and websites to remain open
Bed Bath & Beyond, the home goods chain that has been struggling for years, has filed for bankruptcy protection. The company announced on...
42 views0 comments
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Apr 22, 20232 min read
Google Halts Construction of Massive San Jose Campus in Cost-Cutting Move
Google has reportedly halted construction of a sprawling campus in San Jose, California, in an effort to cut costs, according to a report...
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Apr 21, 20233 min read
Tesla's shares drop 10% as Elon Musk signals price cuts to drive up demand
On Thursday, Tesla Inc’s shares took a hit of nearly 10%, after the company’s CEO Elon Musk signaled that it will keep cutting prices to...
213 views0 comments
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Apr 20, 20231 min read
Indian BNPL startup Simpl lays off over 25% of its workforce to cut costs and extend runway
Buy-now-pay-later (BNPL) fintech firm Simpl has laid off over 25% of its workforce as part of a cost-cutting measure to extend its...
114 views0 comments