Report: Corporate Profits Drive Ongoing Inflation in the US
A recent report by the progressive Groundwork Collaborative thinktank has revealed that high corporate profits are a significant driver of ongoing inflation in the US. The report claims that companies continue to keep prices high despite a drop in their…
Wayfair Announces Significant Layoff of 1,650 Employees
Wayfair, the online home goods retailer, has announced a significant layoff, affecting 13% of its global workforce, totaling 1,650 employees. The decision comes as a result of the company’s struggle to recover from its initial success during the pandemic lockdowns….
Stocks making big moves in premarket: Spirit Airlines, Nvidia, Wayfair
Stocks making the biggest moves premarket: Spirit Airlines, Nvidia, Wayfair and more Published Fri, Jan 19 20248:29 AM EST Updated 5 hours ago Pia Singh @PIA_SINGH As the market gears up for another trading day, several stocks are making significant…
Jeff Bezos’ Lack of Transparency in Philanthropy Raises Concerns
Jeff Bezos and his fiancée Lauren Sanchez have pledged $100 million to help rebuild Maui after the devastating wildfires in August. However, despite giving $15.5 million over the past five months through the Bezos Maui Fund, the recipients of the…
Pimco Shows Renewed Interest in Mortgages, Marvell Technology Emerges as Top Pick for Citi Analyst
Pimco is showing renewed interest in mortgages, citing them as one of the most attractive assets. The investment management firm is eyeing mortgages once again, indicating a potential shift in focus within the financial sector. Marvell Technology Inc. has emerged…
Big Four Consulting Firms Embrace Generative AI for Revolutionizing Operations
Big professional services firms are embracing the power of artificial intelligence to revolutionize their operations. In a bid to enhance productivity and gain a competitive edge, the big four consulting firms are investing billions of dollars globally to integrate custom-built…
Woman Sues Panera Bread Over Highly Caffeinated Lemonade
A woman from Rhode Island has filed a lawsuit against Panera Bread, claiming that the restaurant chain’s highly caffeinated Charged Lemonade caused her to suffer permanent cardiac injuries. The plaintiff, Lauren Skerritt, 28, who had no underlying health conditions and…
Super Micro Computer, Inc. (SMCI) Stock Surges Following Increased Sales and Profit Guidance
Super Micro Computer, Inc. (SMCI) has seen a significant surge in its stock price following the company’s announcement of an increase in its quarterly sales and profit guidance for FQ2 2024. The maker of information technology hardware experienced a jump…
Global Web3 Market Projected to Reach USD 177.58 Billion by 2033, Says Market.us
The web3 market is set to reach a valuation of USD 177.58 billion by 2033, driven by the increasing demand for blockchain solutions. According to Market.us, the global web3 market is projected to be worth USD 4.6 billion by 2023…
TCS CEO Shares Insights on Company’s Approach to Artificial Intelligence
TCS CEO K Krithivasan recently shared insights into the company’s approach to artificial intelligence (AI) in an exclusive interview with Moneycontrol’s Chandra Srikanth. Krithivasan expressed confidence in TCS’ position in the AI race, emphasizing the company’s heavy investment in GenAI…