Shopify to reduce workforce by 20%, sells logistics business to Flexport for 13% equity

Image credits: Business Wire Shopify revealed today It is laying off 20% of its workforce, affecting…

Opposition to Powell’s speculation comes almost immediately

(Bloomberg) — Within hours of the Federal Reserve’s latest policy decision, traders and commentators alike began…

Qualcomm (QCOM) Earnings Report for the Second Quarter of 2023

Cristiano Amon, President and CEO of Qualcomm, speaks during the Milken Institute Global Conference on May…

Why one rate hike might be too much, according to CFOs

The Federal Reserve is expected to raise interest rates by a quarter of a percentage point…

Job openings declined in March as the job market continued to cool

Why it matters: Last major data release before the Fed rate decision. The report released on…

AMD earnings report for the first quarter of 2023

AMD’s report comes as the PC industry is in a deep recession, with shipments down 30%…

Samsung bans the use of AI such as ChatGPT to employees after chatbot abuse

Samsung restricts the use of so-called generative AI tools like ChatGPT to employees after the company…

Chinese electric vehicle brands are expanding into global markets

Yokohama, Japan (AP) — Osamu Furukawa has driven a lot of Japanese cars for his work…

FDIC proposes expansion of corporate bancassurance

WASHINGTON — The Federal Deposit Insurance Corporation recommended Monday that Congress consider expanding its regulatory powers…

The three-word “Hack” gives Twitter users blue ticks for free — but there’s a catch

For some time, Twitter CEO Elon Musk has enjoyed telling people who complain about changes to…