Amazon Cuts Over 100,000 Jobs Globally In One Quarter
Amazon has revealed it is now hiring at the slowest pace since 2019, and it has just cut over 100,000 jobs globally in the last quarter due to the economic…
Apple Recruits Lamborghini Exec For Their Autonomous Electric Car
Apple Inc is accelerating into the Electric Vehicle sector, and it just enlisted a top car-development manager from Italian supercar-maker Lamborghini to help it develop its offerings, according to sources.…
Amazon Advertising Set To Eclipse AWS As Streaming Rises
In Amazon’s earnings report Tuesday, the web giant reported that its Amazon Web Services generated $19.7 billion during the company’s second quarter. However while AWS accounted for 16.24% of overall…
Alibaba Faces Delisting In US By SEC Due To Not Filing Auditing Paperwork
Alibaba Group Holding has been placed on a growing list of Chinese companies which the US government is threatening to delist under a 2020 law, the Holding Foreign Companies Accountable…
Chip Makers Forbidden From Using CHIPS Funding For Buybacks Or Dividends
On Friday the US Commerce Department announced that it plans to limit the size of government subsidies made available to semiconductor manufacturers, so the companies cannot just use the subsidies…
Twitter May Lose To Elon Musk Because Of Slavery
Analysts are noting there may be a unique legal obstacle for Twitter as it seeks to compel Elon Musk to complete his purchase of the social media giant. Twitter is…
Amazon Revenue Beat Expectations, Rivian Causes Net Loss
Amazon (AMZN) reported earnings after the bell on Thursday. Revenue beat expectations, however the company suffered a net loss of $2 billion. The stock rose 12% in after-hours trading. The…
Apple Earnings Dominate At $83 Billion
Apple released its third quarter earnings report, showing revenue of $83 billion, beating analyst’s expectations of $82.7 billion, despite fears that a slowing economy and rising inflation might have eroded…
Paul Pelosi Sells Nvidia Shares Ahead Of CHIPS Act Movement
On Tuesday, Paul Pelosi, husband of US House Speaker Nancy Pelosi, sold off his shares of the chipmaker Nvidia. He made the sale just days before the House is set…
EEOC Issues Cause Finding Against Tesla Over Race Discrimination
A cause finding was issued against electric vehicle maker Tesla in June, in an investigation launched by the U.S. Equal Employment Opportunity Commission over charges of racial discrimination. In its…
