China's Restart
After years of pandemic-driven disruptions, factory managers and workers are finally seeing the light at the end of the tunnel. The country rapidly removed restrictions of movement in December, a move that greatly increased the number of COVID-19 cases and caused further disruptions.
Go Deeper (2 min read)ChatGPT, The New Web3?
OpenAI, the research facility behind the popular ChatGPT chatbot, is in discussions to sell its current stock in a tender offer that would value the company at around $29 billion?
Go Deeper (3 min read)High Profile IPOs At Risk
Numerous businesses that went public while the IPO market was thriving have had such severe setbacks that they are now faced with the sobering possibility that their shares will never recover.
Go Deeper (2 min read)Chip Companies Cool Down
The semiconductor industry is used to cycles of booms and bust. As such, after a chip shortage that affected manufacturers at a global scale, the chip industry is now anticipating a challenging third-quarter earnings season.
Go Deeper (2 min read)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)More from Business
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)
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)
Big Tech Is Crashing
Amazon anticipates fourth-quarter revenue to be between $140 billion and $148 billion, up 2% to 8% from the same period last year. Refinitiv reports that analysts were anticipating sales to total $155 billion.
Go Deeper (2 min read)
Meesho Is Catching Up
The app, which is only available in India, has 127 million downloads within the same time period compared to 81 million for Amazon and 50 million for Flipkart.
Go Deeper (2 min read)
