Lordstown Motors on Brink of Bankruptcy if Foxconn Investment Deal fails
Lordstown Motors Corp issued a warning on Monday that it may be forced to file for bankruptcy after Foxconn Ventures,...
US Federal Reserve to hike interest rates to 16-year peak amid inflation concerns
The U.S. Federal Reserve is planning to increase interest rates at their upcoming meeting on May 2-3. However, they are...
What JPMorgan’s Acquisition of First Republic Means for the Banking Industry
The financial industry has been rocked by the recent collapse of several large banks, and regulators are working hard to...
Has the US ever Defaulted on its Debt?
While many believe that the US Constitution makes debt default impossible, it is a dangerous idea that can breed complacency...
Vice Media Group Announces Job Cuts and Restructuring, Cancels ‘Vice News Tonight’
Vice Media Group has announced that it will cancel its well-known TV show, "Vice News Tonight," as part of a...
Amazon Stocks Suffer as AWS Optimizations Drive Revenue Growth Slowdown
Amazon, the e-commerce giant, reported its first-quarter earnings on Thursday, which surpassed expectations, and initially boosted the company's stock. However,...
Deutsche Bank’s Restructuring Plan Pays Off with 11 Consecutive Quarters of Profit
Deutsche Bank, a German lender, announced on Thursday that it had recorded a net profit of 1.158 billion euros ($1.28...
How AI is Revolutionizing Meta’s Facebook and Instagram Businesses
Meta Platforms CEO Mark Zuckerberg announced on Wednesday that the company's use of artificial intelligence (AI) has helped to increase...
Amazon’s Profitable AWS Sector Not Immune to Layoffs
Amazon has begun its latest round of employee layoffs, which was previously announced and is expected to affect around 9,000...
Alphabet to Buy Back $70 Billion in Stock, Beat Estimates on Cloud Demand
Alphabet Inc, the parent company of Google, announced on Tuesday that it plans to buy back $70 billion of its...