Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico

Google is laying off more employees and hiring for their roles outside of the U.S.

BlackRock is opening a Saudi investment firm with initial $5 billion from PIF

The new platform will be called BlackRock Riyadh Investment Management, or BRIM.

Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones

Qualcomm called out strong demand for "premium tier" smartphones that require the most advanced chips.

'Basel III' bank rules could pose unexpected threat to Biden's green energy plans

Renewable energy groups and congressional Democrats are raising alarms about potential harm to clean energy goals from a proposed banking regulation.

F1's fanbase is shifting — and the 'Netflix effect' is only part of that

Since its release in 2019, "Formula 1: Drive to Survive" has been credited with everything from helping F1 crack the U.S. to rejuvenating the sport itself.

The world's happiest countries are targeting net-negative emissions — despite a growing 'greenlash'

Finland and Denmark are both targeting "net-negative emissions" in the years to come — despite an intensifying green political backlash.

Viking shares rise 8% after cruise line operator's market debut

The company's initial public offering coincides with a strong rebound in cruise bookings.

DJT shares close down more than 9% as Trump Media hot streak stalls

Trump Media, owner of the Truth Social app, has seen a series of gains for its DJT ticker, even after majority shareholder Donald Trump earned extra shares.

Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged

Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.

Nvidia-backed GPU cloud provider CoreWeave surges to $19 billion valuation

CoreWeave intends to set up more of its clouds full of graphics processing units in more places around the world as it goes up against Amazon and Google.

Private payrolls increased by 192,000 in April, more than expected for resilient labor market

Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market.

NYCB shares jump 30% after CEO gives two-year plan for 'clear path to profitability'

CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.

Privacy breach at Australian airline Qantas gives access to other customers' details

Some customers using the Qantas app on Wednesday were shown the name, flight details and loyalty status of other passengers.

Luxury carmaker Aston Martin slumps 6% as losses nearly double

Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.

Police use tear gas, water cannons and stun grenades on 'foreign agent' bill protesters in Georgia's capital

Tear gas, stun grenades and water cannons were used by riot police against protesters of Georgia's controversial "foreign agent" bill in its capital Tbilisi.

Covid caused a ‘massive spike’ in yacht sales — now some of those boats are back on the market

Several years after a buying frenzy, the yachting industry is seeing a sudden rush of pre-owned yachts hit the brokerage market.

Binance co-founder Zhao set to keep on growing his $33 billion fortune even as he heads to prison for four months

Binance founder Changpeng Zhao expected to see his $33 billion personal fortune continue to climb while he's in prison.

Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team

Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.

Amazon profit more than triples, topping Wall Street expectations

Amazon surpassed analyst expectations for revenue and earnings in the first quarter.

Hedge funds are ‘dead as a doornail,’ says chairman of ultra-rich investors' club Tiger 21

Hedge funds are "dead" as an investment asset class among members of Tiger 21, a network of ultra-high net worth investors, said founder Michael Sonnenfeldt.

AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast

AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.

Binance founder Changpeng Zhao sentenced to 4 months in prison after plea deal

Five months after pleading guilty to money laundering violations, Binance founder Changpeng Zhao was sentenced to four months in prison.

McDonald’s earnings miss estimates as diners pull back, Middle East boycotts hit sales

McDonald's shares have fallen 7.5% over the last year, dragging its market value down to $197 billion.

Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag

Across all regions, Starbucks reported shrinking same-store sales and falling traffic.

McDonald's and other big brands warn that low-income consumers are starting to crack

Higher prices have weighed on customers in an array of industries that interact with consumers.

'An intense five years': Read HSBC CEO Noel Quinn's surprise resignation statement

HSBC CEO Noel Quinn said it is "now the right time for me to get a better balance between my personal and business life."

86% of expats report being stressed out, but study suggests they may also cope better with burnout

Expats are a crucial part of the global workforce today. Although they experience higher levels of stress, they also exhibit more vitality than locals.

Microsoft to invest $1.7 billion into AI infrastructure in Indonesia, CEO Satya Nadella says

The funds will also go toward training 840,000 Indonesians in AI skills and supporting the local community of developers.

Europe may need to impose tariffs of up to 55% to curb Chinese EV imports, research says

A new report says Brussels would need to levy higher than expected tariffs of around 50% on Chinese electric vehicles to dissuade their export into the bloc.

Trump could drive inflation higher with his second-term economic agenda, analysts say

Donald Trump has blamed President Joe Biden for stubbornly high inflation during Biden's presidency.


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