The Covid-19 pandemic has been good for tech companies. The global economy has moved online overnight. From groceries to medical consultations to art, the economy has become tech-driven. The pandemic has thus enabled technology to become the engine of our daily lives faster than expected. One of the big changes also accompanied by tech during…
Tesla is slashing prices for its Model 3 and Model Y sedans in Asia as demand falters and deliveries in its key China market hit a five-month low…
Stock futures mixed as jobs data looms; Wage gains in focus amid puzzling employment picture; Tesla extends slump following big price cuts in Asia; Samsung forecasts weakest quarterly profit since 2014 as demand fades; WWE shares surge as Vince McMahon plots dramatic return as chairman…
A disastrous year for cryptocurrencies culminated in the infamous November 2022 collapse of the now-bankrupt FTX exchange. The rapid fall of FTX had devastating effects on the entire crypto-asset sector and led to several other bankruptcies. Sam Bankman-Fried, the former FTX CEO, after a series of revelations and legal actions, ended up pleading not guilty…
In November 2022, a report emerged that Amazon (AMZN) – Get Free Report would lay off about 10,000 workers. It had said the layoffs could begin right away that week and that they would focus on the company’s devices, retail and human resources divisions. Amazon had issued a weak holiday revenue forecast in October and had…
When it comes to popular intellectual property, Amazon’s (AMZN) – Get Free Report streaming service, Prime Video, has really been coming up in the world. Sure, it’s nowhere near as established as Netflix (NFLX) – Get Free Report or Disney (DIS) – Get Free Report. But the streamer has seen some success with original programming, from its…
A terrible year for cryptocurrencies in 2002 accelerated toward a calamitous bottom on Nov. 8 as the value of the now-bankrupt FTX exchange plummeted. The company was a mechanism people used to buy and sell cryptocurrencies such as bitcoin and ether. But confidence in FTX was destroyed as its customers hurried to withdraw their money…
Just three days into the new year, the crypto space is already tearing itself apart in public. A conflict that was being played out behind the scenes has just been publicized. This conflict is one of the consequences of the bankruptcy of the empire of the former crypto emperor Sam Bankman-Fried. It pits three of…
Since its inception in the mid-2000s, Chipotle has seen incredible success with its signature burrito bowl. If you’ve never had the pleasure, allow me to explain. Guests can choose a variety of rice, beans, meat, salsa, and other fixings typically found on a burrito in a bowl. It’s simple, capitalizing on the restaurant’s “make-it-your-way” service…
Consumers and investors are wondering how much the cost of living will rise as inflation remains at a 40-year high. But the question that frightens everyone — consumers, markets and government — is whether the economy will enter a recession. The “R” word is the scary word. But for many economists there is no longer…
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