FTC launches inquiry into how big tech companies such as Microsoft, Amazon and Google are holding sway over AI startups
FTC launches inquiry into how big tech companies such as Microsoft, Amazon and Google are holding sway over AI startups
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Google employees blast ‘profoundly boring’ management which lacks ‘visionary leader’ amid layoffs
Angry Googlers are finished being nice. Current and former employees of the tech behemoth took to LinkedIn to vent their frustrations at the way management has handled the most recent round of layoffs — with one software engineer blasting higher-ups as lacking “one single visionary leader.” “From the C-suite to the SVPs to the VPs,…
Navigating Through the Haze: Understanding China’s Economic Challenges
China’s economy, renowned for its rapid growth and transformation into a global powerhouse, is currently navigating a complex landscape of challenges. The recent reports and data reflect a period of significant economic stress, marked by deflationary pressures, a decline in consumer prices, and other systemic risks that could have far-reaching implications both domestically and globally….
JetBlue, Spirit Airlines to appeal judge’s ruling that blocked $3.8B merger
JetBlue Airways and Spirit Airlines said Friday they will appeal a federal judge’s ruling that blocked the air carriers’ planned tie-up because the proposed merger would violate US antitrust law. The appeal came after US District Judge William Young in Boston on Tuesday sided with the Department of Justice in holding that JetBlue’s planned $3.8 billion acquisition of ultra-low-cost carrier Spirit was anti-competitive…
Turkey’s central bank hikes key interest rate again to 45% to battle inflation
ANKARA, Turkey — Turkey’s central bank raised its key interest rate by another 2.5 percentage points on Thursday, pressing ahead with a series of hikes aimed at combating inflation that reached nearly 65% in December. The bank brought its benchmark rate to 45%. It’s the eighth interest rate hike since President Recep Tayyip Erdogan has…
CSX 4Q profit slips but railroad keeps its trains running smoothly and predicts profitable 2024
CSX’s fourth quarter profit slipped 13%, but the railroad hauled slightly more freight and kept its trains running smoothly. The Jacksonville, Florida-based railroad said it earned $886 million, or 45 cents per share, during the quarter. That’s down from $1.02 billion, or 49 cents per share, a year earlier. The results for the latest quarter…
Intel, KLA fall; American Express, Olin rise, Friday, 1/26/2024
Stocks that traded heavily or had substantial price changes Friday: Intel, KLA fall; American Express, Olin rise NEW YORK — Stocks that traded heavily or had substantial price changes on Friday: Intel Corp., down $5.90 to $43.65. The chipmaker gave investors a weak earnings and revenue forecast for the current quarter. American Express Co., up…