Converse to cut jobs as part of Nike’s cost-savings plan, Bloomberg News reports
(Reuters) -Footwear brand Converse will cut jobs as part of parent company Nike’s on-going $2 billion cost savings plan, Bloomberg…
Business
Biden hikes US tariffs on Chinese imports
(Reuters) -U.S. President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports, including electric vehicle…
Meta to shut Workplace app to focus on AI, metaverse
(Reuters) – Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence…
OpenAI unveils new AI model as competition intensifies
By Anna Tong and Akash Sriram (Reuters) -ChatGPT maker OpenAI said on Monday it would release a new AI model…
Apple’s Vision Pro Headset Goes Global
(Reuters) – Apple is gearing up to sell its Vision Pro mixed-reality headset outside the United States, Bloomberg News reported…
Factbox-US corporate bankruptcies set for highest level since 2020
By Bansari Mayur Kamdar (Reuters) -Bankruptcy filings by U.S. companies this year are on track to hit their highest since…
Factbox-Airline staff seek new contracts amid booming travel demand
(Reuters) -North American pilots and flight attendants are pushing for better pay and working conditions during their talks over new…
2024 Mining Industry Outlook: Navigating Challenges, Seizing Opportunities, and Top Stocks on Hedge Funds’ Radar
The mining industry in 2024 stands at a crossroads marked by a dynamic interplay of reduced capital expenditures, evolving market…
Google’s Parent Company Makes Big Moves: Understanding Their Financial Ups and Downs, and Their $2 Billion Bet on a Hot New AI Startup
In a time where the biggest tech companies are constantly trying to outdo each other, Alphabet (that’s the company that…
The Lion’s Den: Rinehart vs. Albemarle in the Liontown Takeover Saga
Australia’s mining queen, Gina Rinehart, renowned for her dominance in the iron ore industry, is making waves again. But this…