The vanishing stock price vibes have returned to Snap Inc. as the camera-fuelled social media company’s fundamental struggles seem to have no end as the calendar has flipped to 2023. Snap shares plunged 15% in pre-market trading on Wednesday after another ugly quarter due to a soft ad market and ongoing changes in how the … Read more
Gautam Adani, billionaire and chairman of Adani Group, at an event at the Port of Haifa in Haifa, Israel, on Tuesday, January 31, 2023. Adani, the Indian billionaire whose business empire was rocked by allegations of fraud by short seller Hindenburg Research, said that his company will invest more in Israel. Bloomberg | Bloomberg | … Read more
Inflation in the Eurozone eased in the last two months of 2022, but the economic indicator is still well above the European Central Bank’s 2% mandate. Jeff Groenberg | Universal Image Group | Getty Images Inflation in the Eurozone fell for the third consecutive month in January on the back of a sharp drop in … Read more
Intel shocked workers on Tuesday evening that it is slashing workers’ compensation after reporting dismal financial results last week. The chipmaker said it will cut base pay for above-mid-level employees by at least 5% starting March 1, according to employees who heard the company’s announcement. Vice presidents get a 10% cut, more senior executives get … Read more
BENGALURU, Feb. 1 (Reuters) – Shares in Indian magnate Gautam Adani’s conglomerate plunged again on Wednesday as defeat in his companies deepened to $84 billion in the wake of a US short-seller report, which also saw the billionaire lose his title. as Asia’s richest lost person. Wednesday’s stock losses dropped Adani to 15th on the … Read more
British Prime Minister Rishi Sunak speaks at a Q&A at Teesside University on January 30, 2023. Oli Scarf | Wpa Pool | Getty Images NewsS The UK has formally laid out plans to regulate the cryptocurrency industry, with the government looking to curb some of the reckless business practices that have emerged over the past … Read more
In response to ChatGPT, among others, Google plans to add instant answers to Search. A new report details a possible design for a chatbot in Google Search as Google ramps up internal testing. According to designs reviewed by CNBC, Google.com could include a “small chat logo” — it’ll be very interesting to see how the … Read more
See what clicks on FoxBusiness.com Intel Corp has made the net move after publishing a disappointing earnings report last week. The chipmaker has cut significantly in the remuneration of employees and executives. Last week, Intel released a lower-than-expected sales forecast, driven by a loss of market share to rivals and a slump in the PC … Read more
Customers took part in this online meeting with the Public Utilities Commission on Tuesday to speak up about their utility bills. DENVER — The Colorado Public Utilities Commission (PUC) held a public hearing Tuesday on high energy costs. It ended up being a listening session, with customer complaints going unanswered. “How many times has PUC … Read more
November 05, 2022, South Korea, Pusan: Containers are loaded from the container freighter “Alula Express” at Busan Newport International Terminal, one of the largest container ports in the world. Photo: Bernd von Jutrczenka/dpa (Photo by Bernd von Jutrczenka/Photo alliance via Getty Images) Photo Alliance | Photo Alliance | Getty Images South Korea posted a trade … Read more
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