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British Workers Go on Largest Strike in Over a Decade

Up to half a million British teachers, civil servants, train drivers and university lecturers have walked off their jobs to demand better pay and working conditions in the largest coordinated strike action in a generation as wages fail to keep pace with soaring inflation.

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Ford Cuts Prices on Mustang Mach E

Ford Motors has announced price cuts of the manufacturer’s Mustang Mach-E where some versions of the vehicle received price cuts of 8.8%.

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Arrival in Hot Water

It has been a rough start to the year for electric van manufacturer Arrival as the UK-based company announced it will cut jobs to reduce costs.

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Royal Philips to cut 10,000 Jobs

Royal Philips, the Dutch health technology conglomerate has announced that the company intends to cut 6,000 jobs by 2025.

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Apple Posts First Loss

Apple to post its first year-over-year revenue decline since 2019′s March quarter when it reports earnings on Thursday. There are a few contributing factors.

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Auto Loan Delinquencies Surpass 2009

More Americans are falling behind on their car payments than during the financial crisis. In December, the percentage of subprime auto borrowers who were at least 60 days late on their bills rose to 5.67%, up from a seven-year low of 2.58% in April 2021, according to Fitch Ratings.

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Tesla Cuts Sticker Prices

Tesla recently cut prices for a few of the company’s most popular models throughout the United States which have sent shockwaves through the car market.

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Spotify Cutting 600 Employees

In the most recent event of tech layoffs, Spotify has announced its intentions to terminate 600 employees (roughly 6% of the 1,000-employee workforce) for cost-cutting reasons following the covid-19 pandemic.

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DOJ Takes Aim On Google

The US Justice Department is poised to sue Alphabet Inc.’s Google as soon as Tuesday regarding the search giant’s dominance over the digital advertising market, according to people familiar with the matter.

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Salesforce to Join In Big Tech Job Cuts

Salesforce will probably be urged by activist investors Elliott Investment Management and Starboard Value to cut more jobs, make changes to the board and spin off big acquisitions in search of greater profit, Wall Street analysts said.

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Google Fires 12,000 Employees

Alphabet announced on Friday that the company will reduce its workforce by 6% resulting in layoffs of 12,000 employees. With recent layoffs within the tech sector, many have seen this coming but numerous employees were shocked by the sheer volume of layoffs in addition to how they were notified.

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Boeing Reports Big Loss in Q4

Boeing reported an over $650 million operating loss in the fourth quarter, taking many Wall Street analysts by surprise who had anticipated that the aerospace giant would turn a quarterly profit.

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Microsoft Announces Big Lay-Offs

Microsoft is announcing big job cuts today, affecting 10,000 employees. In a memo, Microsoft CEO Satya Nadella says the company will be “making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3.”

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Microsoft Slashing Engineering Jobs

Microsoft plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that are scaling back as the industry prepares for a prolonged slump in demand.

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Microsoft Investing $10 Billion in OpenAI

Microsoft is looking to invest $10 billion into a San Francisco-based research group known as OpenAI. Microsoft is seeking to make a deal with the research group out of the belief that their work on AI has the potential to completely revolutionize the way we interact with computers.

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Bitcoin Price Jump

Bitcoin started the year with a bang as the cryptocurrency surprised investors with a 23% rise to $21,000 in January.

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Goldman Sachs Posts Worst Earnings in Decade

Goldman Sachs posted its largest earnings miss in a decade as revenue fell and expenses and loan loss provisions came in higher than expected.

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TikTok Seeks to Appease Regulators with $1.5 Billion Investment

The TikTok saga continues as the social media company goes back and forth with regulators as to whether or not the popular video-sharing app will be able to continue operating within the United States.

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FTX Lawyers Report $5 Billion in Recovered Assets

FTX has reportedly recovered over $5 billion worth of liquid assets, according to attorneys involved in the bankruptcy court proceedings during a recent hearing.

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Apple Expands Retail Footprint in India

Last month Brookfield Brief reported that Apple is looking to move a significant portion of its manufacturing to India. Now, as of Friday, the company has listed numerous job openings pertaining to retail positions for the Company’s new flagship location within the country.

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SEC Charges Former McDonalds CEO

Former McDonalds CEO Steve Easterbrook agreed to a five-year bar from serving as an officer or director of a public company, to resolve a regulatory investigation over allegedly misleading statements he made about having sexual relationships with employees.

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United Kingdom Looks to Hypersonic Aircraft

Currently, the U.K.-led military project has been operating out of Oxfordshire in which they believe they can successfully manufacture an unmanned aircraft capable of carrying out multiple missions with the ability to travel at 3,800 mph.

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Ant Struggles Amid Jack Ma's Absence

Ant Group, the Chinese tech company responsible for the development of the popular digital payment platform Alipay, announced on Saturday that the long-time head of the company Jack Ma will be ceding control of the company.

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House of Coins: The Collapse of FTX Bankruptcy, Fraud, Toxic Culture, Missing Billions, Criminal Charges - Everything You Need to Know

Nearly two months after the infamous Coindesk article went viral raising questions regarding the health of FTX, former FTX CEO “SBF” Sam Bankman-Fried has pleaded not guilty in Manhattan’s southern district of New York to the allegations of fraud, securities fraud, money laundering, and the related conspiracy charges. Amid these damning revelations around the collapse of the $32 billion crypto exchange juggernaut and billions missing in customer money the media dumped an onslaught of scattershot speculation, obfuscation, and straight-up puff pieces in clearly biased efforts to provide damage control for the embattled founder that the media previously exalted as a wunderkind and the next Warren Buffet.

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Tesla Leads Big Tech Stock Slump Despite 40% Growth

2022 was not a good year for Tesla as the electric vehicle manufacturer faced numerous setbacks leading to the stock pierce of the company falling by a total of 65% throughout the entirety of the year.

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