News
AMD Revenue Surpasses Targets, Wall Street Relieved After Intel’s Grim Outlook
U.S. chip maker Advanced Micro Devices Inc (AMD.O) on Tuesday reported revenue that topped Wall Street targets and said it expected business to pick up in the second half, exciting...
Read more‘They Fire, We Hire’ – Germany Seizes On Silicon Valley’s Gloom
Faced with a tight labor market and a shortage of workers with essential software engineering skills, some German firms are considering thousands of job cuts in Silicon Valley as an...
Read moreMusk Says Tesla Price Cuts Ignited Demand, 2023 Sales Could Exceed 2M Vehicles
Tesla Inc's (TSLA.O) aggressive price cuts have fueled demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, downplaying concerns that a shaky economy would stifle buyers' interest....
Read moreU.S. Private Jet Buyers Hunt For Distressed Planes In Early Sign Of Turbulence
Some U.S. private jet buyers are searching for new aircraft whose current owners are facing difficulty making payments ahead of delivery, in a probable sign of early cracks in what...
Read moreU.S. Hit Debt Limit As Partisan Standoff Sparked Economic Fears
The U.S. government hit its $31.4 trillion debt limit on Thursday, amid a standoff between President Joe Biden's Democrats and the Republican-controlled House of Representatives on lifting the ceiling, which...
Read moreU.S. Labor Market Still Tight; Housing Fighting Recession
Summary Weekly unemployment claims drop 15,000 to 190,000 Continuing claims rise 17,000 to 1.647 million Single-family housing starts increase 11.3%; permits drop 6.5% The number of Americans filing new claims...
Read moreDeflation and the purchasing power of money: Causes and effects
Deflation and the purchasing power of money: Causes and effects What is deflation? It is an economic phenomenon involving a long-term decrease in the average level of prices in the...
Read moreHashKey Named Among Major VC Firms In The Crypto Sector
The landscape of crypto venture financing is continuously changing, with different companies in and around the sector funding many deals in blockchain amid the turbulent crypto markets. In that context,...
Read moreWhat Did Twitter Lose In Advertising Revenue In The Last Months Of 2022?
Top advertisers on Twitter curtailed their spending after Elon Musk took charge, according to estimates collated for Reuters by research firm Pathmatics, in the latest blow to the company's main...
Read moreU.S. Energy Head Insists Republicans Oil Bill Would Increase Pump Prices
U.S. Energy Secretary Jennifer Granholm cautioned Republicans in a letter seen by Reuters on Wednesday that limiting President Joe Biden's authority to tap the nation's oil reserves would threaten national...
Read more