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.
Continue reading →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%.
Continue reading →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.
Continue reading →Royal Philips, the Dutch health technology conglomerate has announced that the company intends to cut 6,000 jobs by 2025.
Continue reading →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.
Continue reading →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.
Continue reading →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.
Continue reading →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.
Continue reading →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.
Continue reading →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.
Continue reading →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.
Continue reading →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.
Continue reading →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.”
Continue reading →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.
Continue reading →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.
Continue reading →Bitcoin started the year with a bang as the cryptocurrency surprised investors with a 23% rise to $21,000 in January.
Continue reading →Goldman Sachs posted its largest earnings miss in a decade as revenue fell and expenses and loan loss provisions came in higher than expected.
Continue reading →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.
Continue reading →FTX has reportedly recovered over $5 billion worth of liquid assets, according to attorneys involved in the bankruptcy court proceedings during a recent hearing.
Continue reading →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.
Continue reading →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.
Continue reading →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.
Continue reading →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.
Continue reading →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.
Continue reading →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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