SpaceX tested 31 of the 33 engines in its Starship prototype’s towering rocket booster on Thursday, as the company prepares to launch the rocket into orbit for the first time. The “static fire” test is the final major hurdle before… Read More ›
Entrepreneurship
15% Of Staff Axed By Zoom As Rejig In Post-Pandemic Environment
Zoom, a well-known provider of video conferencing services that saw a surge in remote work during the Covid pandemic, is dismissing 1,300 employees. About 15% of its staff will be impacted by the change, which comes as user growth and… Read More ›
Some Twitter Users Informed They Tweeted Over The Daily Tweet Cap As Twitter Outages
Following technical issues on Wednesday, some Twitter users were unable to post tweets. “You are over the daily limit for sending Tweets,” read the message sent to account holders. Just before 22:00 GMT, the glitch was reported by the outage-tracking… Read More ›
Drop In Demand From The US Puts Additional Pressure On Factories In China
After zero-Covid, some Chinese factories are not moving at full speed. According to CEO Jay Foreman, all 20 of the Chinese factories that U.S. toy manufacturer Basic Fun works with have instructed staff members not to report back to work… Read More ›
Gamers To Be Harmed By $69 Billion Acquisition Of Activision By Microsoft, Claims UK Regulator
The $69 billion purchase of gaming juggernaut Activision Blizzard by Microsoft on Wednesday was warned against by Britain’s competition watchdog. The Competition and Markets Authority predicted that the acquisition would substantially lessen competition, which would result in higher prices, fewer… Read More ›
Hedge Funds Under More Pressure Than The 2021 Meme Stock Frenzy, According To Goldman Sachs.
According to a Goldman Sachs research note, hedge funds betting against stocks globally exited those trades at the fastest rate since 2015, outpacing their exit from the meme stock frenzy two years ago. The latest short squeeze, which indicates that… Read More ›
To Avoid A Repeat Of The COVID ‘Failure,’ The Draft WHO Pandemic Agreement Advocates For Equity
According to an early draft of a global pandemic agreement, governments may have to reserve drugs and vaccines for the World Health Organization to distribute in poorer countries to avoid a repeat of the “catastrophic failure” during the COVID-19 pandemic…. Read More ›
Earnings Of Tech Companies Have Come To A Halt, Temporarily Halts A Market Rally
Big Tech led a sharp rebound in US markets to begin 2023. Not so fast, according to their earnings report on Thursday. Apple Inc, Alphabet’s parent company Google, and Amazon.com all reported disappointing end-of-year quarter results. The reports raised new… Read More ›
Record 9.6 Bln Euro Profit For 2022 Reported By Santander, But Its Provision For Q4 Higher Than Expected
The lender Santander announced that its net profit for 2022 increased by 18% to touch a record high of 9.6 billion euros ($10.6 billion) due to increased lending, even though the good financial performance was eclipsed in the last quarter of last year as provisions for made by the bank… Read More ›
US Fed Raises Interest Rates By A Small Amount, And Powell Predicts A “Couple” More Hikes In The Future
The Federal Reserve said on Wednesday that it had turned a key corner in the fight against high inflation, but that “victory” would still necessitate raising its benchmark overnight interest rate further and keeping it there at least until 2023…. Read More ›
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