Goldman Sachs, under the leadership of CEO David Solomon, is set to lay off between 3% and 5% of its global workforce. This decision, which affects over 1,395 […]
Economy
Posted on:
China sets annual economic growth target of 5%
China has announced its annual economic growth target, setting it at 5%. This decision reflects the country’s ongoing efforts to maintain stable and sustainable economic development. The target […]
Technology
Posted on:
Unpacking TSMC’s $100 Billion Investment in the United States
Taiwan Semiconductor Manufacturing Company (TSMC) has announced a $100 billion investment to expand its semiconductor operations in Arizona, marking the largest single foreign direct investment in U.S. history. […]
Economy
Posted on:
Economic And Market Data Signal A Recession Is Coming
Recent economic indicators suggest a potential recession is looming, driven by President Donald Trump’s tariffs on Canada, China, and Mexico, alongside retaliatory measures. The Federal Reserve Bank of […]
Technology
Posted on:
Uber teams up with Waymo to start selling driverless rides in Austin, Texas
Uber is launching self-driving car rides in Austin, Texas, through a partnership with Waymo, a leader in autonomous vehicle technology. This collaboration, announced last September, marks Uber’s first […]
Economy
Posted on:
Hong Kong billionaire to sell Panama Canal ports to US firm
A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US investment firm […]
Economy
Posted on:
Automakers tap COVID playbook to cope with Trump tariffs
Automakers are utilizing strategies from the COVID-19 pandemic to manage the impact of Trump’s tariffs. These tariffs threaten to increase vehicle prices and cause production stoppages. Stellantis and […]
Economy
Posted on:
Best Buy and Target CEOs say prices are about to go up because of tariffs
Target relies on produce from Mexico during the winter, while Best Buy sources most of its products from Mexico and China. Both companies have indicated that tariffs could […]
Technology
Posted on:
Donald Trump’s Not-So-Strategic Crypto Reserve
Former President Donald Trump sparked a wave of cryptocurrency trading and allegations of favoritism after naming several coins that may be included in a proposed U.S. strategic crypto […]