Apple Is Moving Out Of China
Apple is speeding up plans to move a portion of its production outside of China, which has long had a dominant position in the supply chain that helped create the most valuable corporation in the world.
Go Deeper (2 min read)Inflation Is Easing
The consumer price index, which tracks how much people pay for goods and services, increased 7.1% in November from a year earlier, according to the Labor Department on Tuesday. This is a considerable decrease from the 7.7% rise seen in October.
Go Deeper (2 min read)Preparing For A Recession
David Solomon, the chief executive of Goldman Sachs Group, said that the company would have to cut back on spending and hiring as it cope with a slowing economy.
Go Deeper (2 min read)In November, Chinese exports decreased at their fastest rate in more than two years. It is the largest drop in outbound shipments from China since February 2020, when a statewide lockdown brought about a halt to economic activity led to a 8.7% drop year over year.
Go Deeper (2 min read)The Charles Schwab Corporation
Located in the United States, The Charles Schwab Corporation is a global provider of financial services. Both retail and institutional clients can take advantage of its banking, commercial banking, investment, consultancy and wealth management advisory services.
Go Deeper (8 min read)
How Sophisticated Investors Got Into FTX
Sam Bankman-Fried, also known as SBF, received financial support from a large number of the world's top investment organisations, including Sequoia Capital and Singapore's state-owned Temasek.
Go Deeper (2 min read)
Buyout-Loans Turn Sour
Brian Moynihan, the CEO of Bank of America, has constantly sounded upbeat about the American economy, leading the bank to provide substantial loans for the acquisitions of Twitter, Citrix, Nielsen, and other companies by private equity firms.
Go Deeper (3 min read)
Cost-Cuttings And Lay-Offs At Amazon
Amazon's leadership is carefully examining its Alexa business as part of its ongoing cost-cutting review. Alexa is Amazon's voice assistant available on a range of devices, the company is reportedly reviewing whether it should invest in the addition of new capabilities
Go Deeper (2 min read)
Southwest Airlines, Moving America
Southwest Airlines is one of the major airlines of the United States and the world's largest low-cost carrier. It is headquartered in Dallas, Texas, and has scheduled service to more than 120 destinations in the United States.
Go Deeper (7 min read)
FTX Is Done
Binance CEO Changpeng Zhao (also known as CZ) tweeted over the weekend that the company will liquidate its stakes in FTT, the fiat-currency created by FTX which is the third largest crypto exchange.
Go Deeper (3 min read)
Stripe To Reduce Headcount By 14%
Stripe CEO Patrick Collison stated in a letter to staff that 2022 has been more difficult than previous years. The company blamed inflation, energy shocks, higher interest rates and lower investment budgets for the company's slowdown.
Go Deeper (2 min read)
