Although Microsoft-backed OpenAI has restricted access to its popular ChatGPT app in China, the app is generating a lot of interest in the country, with companies rushing to integrate the technology into their products and launch competing solutions. While residents… Read More ›
As fast-casual and casual-dining restaurants struggle to draw in patrons, fast-food chains appear to be the big winners in the fourth quarter and beyond. Although many publicly traded restaurant businesses have yet to release their most recent quarterly results, for… Read More ›
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 ›
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 ›
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 ›
Disney will announce a significant restructuring in which it will eliminate 7,000 jobs and save $5.5 billion. Disney had previously stated that it intended to restructure into three segments while also laying off thousands of employees and reducing expenses. According… Read More ›
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 ›
Inflation is starting to decline, according to US Federal Reserve Chairman Jerome Powell, but he expects it to take time. In addition, he warned that if the economic data are uncooperative, interest rates may increase more than expected. “The disinflationary process,… Read More ›
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 ›
According to a currently confidential United Nations report seen by Reuters on Monday, North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defense companies. “(North Korea) used increasingly… Read More ›
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