Business

Title: Economic Outlook: U.S. Economy Demonstrates Resilience Amid Global Uncertainty Subtitle: Notable economists remain silent as U.S. economy defies predictions of a downturn The world has been closely monitoring the state of the global economy, with many economists expressing concerns about a potential economic downturn. However, some renowned bearish economists, such as Michael Burry and Nouriel Roubini, have surprisingly remained …

Sam Bankman-Fried, the co-founder and former CEO of cryptocurrency exchange FTX, has been found guilty on seven criminal counts, including money laundering and securities fraud. This comes as a blow to the industry that he helped build. However, key players in the cryptocurrency industry are determined to move on from this incident and rekindle interest in cryptocurrencies. Many argue that …

Title: Carbon-Free Power Project Cancelled, Leaving Nuclear Industry Struggling In 2015, plans were unveiled for a groundbreaking project in the field of nuclear technology. A group of city- and county-run utilities in the Mountain West region announced their intentions to build a small modular reactor (SMR), known as the Voygr model, designed by startup NuScale. The goal was to revive …

Title: Layoffs at G/O Media Leave The Onion and Its Satirists in Uncertainty Amidst concerns raised by the Writers Guild of America East members over what they describe as a “callous” move, G/O Media, a prominent media company, has recently announced a round of layoffs that have hit not only its own employees but also The Onion, a beloved satirical …

Title: Swedish Trade Union Strikes Tesla Over Labor Agreement Dispute Date: [Date] In a recent development, the Swedish trade union IF Metall has launched strikes against electric vehicle manufacturer Tesla in a bid to secure a collective labor agreement. The move highlights a growing dispute between the company and the trade union, as Tesla resists a joint agreement, which is …

Amazon’s Drone Delivery Program Falls Short of Excitement In a bid to revolutionize shopping and shipping, Amazon’s ambitious drone delivery program was announced a decade ago with promises of fast and innovative delivery through drones. However, after eight additional years, the program has failed to live up to its initial hype and is now only a reality on the outskirts …

Title: The Housing Market Faces a Dilemma: Breaking Even Takes Longer Than Ever Before The housing market is currently experiencing the most challenging conditions in decades, with soaring home prices and record-high mortgage rates. According to recent data, these factors have made homeownership less affordable and less accessible for new buyers. As a result, individuals entering the market now can …

AMD, a leading semiconductor company, has projected a revenue of $400 million for the fourth quarter of 2021 and over $2 billion in 2024 from its AI chips. During the company’s recent earnings call, CEO Lisa Su confidently made this bold projection. AMD expects its data-center revenue from graphics processing units (GPUs) to reach $400 million in the fourth quarter …

Title: Hong Kong High Court Grants Evergrande a Five-Week Extension for Debt Restructuring, Heightening Global Market Concerns In a significant development for China’s property giant, Evergrande Group, the Hong Kong High Court has given the company a crucial five-week extension to come up with a debt restructuring plan. The alternative, if the plan fails to materialize, will be liquidation. The …

Google Set to Defend Alleged Monopoly Power in Landmark Trial Today, Google, the tech giant valued at $1.7 trillion, will present its case in a landmark trial against the Justice Department. The trial will tackle allegations that Google has a monopoly on the search engine market. In response, the company, led by Alphabet and Google CEO Sundar Pichai, is expected …