News: Page 3

Business News

Google layoffs hit hundreds as company outsources work to other countries

Google’s decision to lay off hundreds of U.S. employees in favor of cheaper international alternatives and AI is likely to spark further headcount reductions. The company, owned by Alphabet, made...

Business News

Stock market banishes Fed rate hike worries

The stock market’s display today banished worries that the Federal Reserve would hit Wall St with a rate hike. The governmental body released the FOMC statement and the following implementation...

Business News

Interest rates remain unchanged due to a ‘lack of progress’ on 2% inflation according to Fed

The Federal Reserve, as the authoritative body, has announced that interest rates will remain unchanged due to a “lack of progress” in bringing inflation down. The government body published a...

Business News

Binance founder jailed for four months

A Seattle federal judge has held the founder of Binance accountable for his part in an elaborate money laundering scheme. Changpeng Zhao pleaded guilty to the charges held against him...

Business News

Tesla and Musk announce more Spring layoffs

Elon Musk’s month has gone from bad to worse as Tesla has informed staff that layoffs are imminent. In an all-staff email, first reported by The Information, the electric automotive...

Business News

Consumer Confidence in the United States Falls, Reveals Recent Survey

A leading analytics and survey provider has recorded a slump in United States consumer confidence. The Conference Board, a reputable source, has released information showing a decline in its consumer...

Business News

World Bank issues a warning oil could hit $100 a barrel mark

The World Bank has stated that oil prices could surge to $100 a barrel due to rising tensions in the Middle East. The news comes as the Israeli government has...

Business News

Ireland records $750m in tax revenue amid Brexit windfall reports

The emerald isle has significantly benefited from Brexit, recording over €700m ($750) in tax revenues. With its long-standing reputation as a thriving hub for global tech and digital companies, including...

Business News

Regulation Crowdfunding and the State of Angel Investing to be discussed by SEC

The Securities and Exchange Commission (SEC) is set to discuss Regulation Crowdfunding (Reg CF) and the State of Angel Investing. The SEC’s Small Business Capital Formation Advisory Committee will host...

Business News

xAI owned by Elon Musk close to raising $6 billion

Artificial intelligence (AI) startup xAI, owned by billionaire Elon Musk, is close to reaching $6 billion in investor support. Musk has been outspoken about his aims to win the war...

Business News

Southwest Airlines makes big operational changes after 2024 financial report.

Southwest Airlines, one of the leading consumer aviation brands in the United States, has been in the spotlight for a series of operational adjustments, all prompted by the findings of...

Business News

Registered funds industry report published by SEC

The Securities and Exchange Commission has published the new Registered Fund Statistics report. The report provides the American public with insight and transparency into the $26 trillion industry of more...

Business News

SEC To Host Second Annual Conference on Emerging Trends in Asset Management

The Securities and Exchange Commission (SEC) is setting out its stall to host the second annual Emerging Trends in Asset Management conference. The government regulator’s Division of Investment Management will...

Business News

Johnson & Johnson acquisitions hit close to $15bn

April witnessed a flurry of high-profile acquisitions by Johnson & Johnson, the healthcare behemoth. These strategic moves, amounting to nearly $15 bn, spanned across the medical care and consumer healthcare...

Business News

Tesla cuts global prices after week of crisis

Electric automotive manufacturer Tesla has cut prices of its vehicles globally after a historic week of lows. The car company, owned by Elon Musk, has not only cut prices domestically...