Everyone – from investors and consumers to authorities and analysts – anticipated inflation relief. Instead, price stresses continued, and, following the confirmed information, the Dow Jones Industrial Average lost almost 500 points when it dropped by 2.4%. CNBC quoted Jason Furman, a Harvard economist, who commented: Fool me once, shame on you. Fool me twice,…
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The firm recently faced economic challenges that tripped up its growth. In 2022, Amazon axed more than 27,000 jobs, the largest in the company’s history. These organisational moves are ongoing, and in 2024, the company trimmed its cloud computing, Prime Video, and Twitch segments. Jassy, who took over when Jeff Bezos stepped down in 2021,…
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The private aerospace company divulged its intention when discussing the maiden flight of its spaceplane and the escalation of its satellite footprint. According to a CNBC Manifest Space interview with Sierra Space’s CEO Tom Vice, the Eclipse satellite initiative will handle missions in the low-earth and cis-lunar orbits. Yahoo Finance reported that the company wants…
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That hamstrings businesses wishing to maximise AI technologies and innovations internationally and across local borders. Yahoo Finance reports that in Utah, for instance, legislators are pondering whether select companies should disclose non-human interaction with customers. Connecticut lawmakers are considering regulations for lesser transparency regarding so-called "high-risk" AI applications. Don’t miss out the latest news, subscribe…
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Reuters reported that should this happen, it would be the largest downsizing of the company’s partnership with Apple Inc. (AAPL). The move reportedly has the support of Apple and might give Tata a 65% controlling stake in the Chennai-based facility. Reuters sources indicated that Pegatron will continue to provide technical support and retain the remainder…
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One of the world’s largest brokers, Exness, has agreed to become the official regional partner of Latin America’s LALIGA football organisation. LALIGA is home to legendary clubs, including Real Madrid, Barcelona FC, and Atletico Madrid. It unites hundreds of millions of football fans across Latin America. By benefiting from LALIGA’s impressive popularity, the sponsorship will…
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Although the Netherlands hesitates to roll out a blanket restriction, indications are that it will align itself with US demands by slowing down approvals for Chinese servicing requests and by quickening denials. Such actions will impact China’s mission to expand its local semiconductor market, as ASML products need regular servicing. ASML is the largest company…
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HubSpot’s current market cap is over $33bn. Analysts claim that if Alphabet proceeds with an offer, it would be unusual in a climate where the so-called Magnificent Seven – Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Alphabet, Amazon (AMZN), Meta Platforms (META), and Tesla (TSLA)—are under the microscope of financial regulators. According to Reuters, a deal…
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Ergin Erdemir, the newly appointed Head of LATAM, brings a unique blend of experience and success to this pivotal role. With a remarkable 8-year leadership journey in institutional and retail e-FX business, Ergin has consistently showcased an exceptional ability to navigate complex challenges, build high-performing teams, and drive sustainable growth strategies. His proven track record…
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Data from the Urban Redevelopment Authority (URA) shows a quarter-on-quarter private residential property increase of 1.5% while sale transaction volumes plunged by approximately 20%. Bloomberg reports that Chia Siew Chuin, the head of residential research for Singapore at Jones Lang LaSalle Inc., said these statistics support and reflect local property demands. This economic mecca has,…
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