Business

On Thursday, Elon Musk announced that there will be a new CEO for Twitter and that he will transition to a product and technical position. The identity of the new CEO, who will begin in approximately six weeks, was not disclosed by Musk in his tweet. However, according to sources ...

On Wednesday, CEO Satya Nadella informed Microsoft employees that the company would be postponing salary hikes for full-time staff. This decision by Microsoft is consistent with their goal of cost reduction due to a decline in revenue growth and decreased client spending. In January, the company announced its plan to ...

China’s exports have grown for the second consecutive month, albeit at a slower pace, rising 8.5% in US dollar terms in April, while imports fell 7.9% compared to the same period last year. Reuters economists had predicted a rise of 8% in exports and no change in imports. In March, ...

On Friday, the value of ether surged as investors took a chance on the latest memecoins in the cryptocurrency market. According to Coin Metrics, ether ended the day up 5.61% at around $1,990. Although it briefly exceeded the crucial $2,000 level in April after the Shapella upgrade, it is still ...

On Wednesday, Amazon initiated the process of laying off certain employees who were working in its human resources and cloud computing departments. The Chief Executive Officer of Amazon Web Services, Adam Selipsky, and the Head of Human Resources, Beth Galetti, both sent out messages to their teams based in the ...

On Monday, Apple unveiled its new Apple Card savings account that offers an annual percentage yield of 4.15%. According to Apple, the account has no minimum deposit or balance requirement, and users can easily set it up from the Wallet app on their iPhones. However, to open the savings account, ...

According to a report by the Financial Times on Friday, Elon Musk, the CEO of Tesla, is preparing to establish a startup focused on artificial intelligence that will rival OpenAI. According to sources familiar with the matter, Elon Musk, who is the CEO of Tesla, SpaceX, and Twitter, has been ...

PC makers are still dealing with excess unsold inventory, which has made the beginning of the year challenging, as seen by Apple Inc.’s 40.5% drop in personal computer shipments in the first quarter. According to IDC’s latest report, shipments from all PC makers dropped 29% to 56.9 million units, falling ...

According to a report released on Thursday by Citi analysts, China’s economic recovery is taking longer than anticipated, causing a three-month delay in the firm’s forecasts for a stock market rebound. Initially set for June, Citi now expects the Hang Seng Index to reach 24,000 by the end of September, ...

On Sunday, Tesla released its report on vehicle production and deliveries for the first quarter of 2023. According to the report, the electric vehicle manufacturer delivered a total of 422,875 vehicles during the first quarter of 2023. The report also revealed that Tesla produced 440,808 vehicles during the same period. ...