Freshworks Makes Big Announcement Regarding Job Cuts
The first Indian SaaS company to be listed on Nasdaq, Fireworks, has just witnessed a 28% surge in its share price after reporting upbeat results for the third quarter. Moreover, the company initiated a share buyback of around $400 million. However, even after getting good financial results, the company announced that it would be laying…
John David
Real-Time Payments- Transforming The Financial Gateway
Real-Time Payments are not just an upgrade; they are a paradigm shift from the traditional payment system. Individuals and businesses are in a constant search for seamless and real-time transaction methods. So, with the advancement in technologies, the USA and other global initiatives have come up with many RTP payment methods that help users transfer…
Trump Presidency Brings Stock Market to New Heights
The results of the 2024 Presidential elections came out, and Trump won with a substantial vote share over Democratic candidate Kamala Harris. Since the results, the U.S. stock market has surged and reached all-time high records. Not just U.S. markets but markets around the world also saw a surge. Moreover, after the results, Bitcoin shot…
Nvidia Surpasses Apple to Become World’s Most Valuable
Nvidia, the AI chip and GPU maker, has once again surpassed Apple to become the most valuable company on the planet. During Tuesday’s trading, Nvidia surpassed Apple in market cap to claim the top step. Nvidia shares saw a noteworthy surge Tuesday as its share rose by 3% to $139.91, taking its market cap to…
OpenAI in Talks With California To Become For-Profit
The Sam Altman-led AI research organization, OpenAI, is in the early phase of talks with California’s Attorney General’s office to change its corporate structure from a non-profit to a for-profit organization, Bloomberg News reported Monday after discussing the matter with two individuals familiar with it. This will mark a big shift in the corporate and…
Jeff Bezos Just Made a Fortune Selling Amazon Shares
Jeff Bezos, the founder of Amazon, sold 16 million of his shares in the company after the share price reached an all-time high of $200 per share. This recent increase of 7% in the share price of Amazon’s share, followed by the better-than-expected third-quarter earnings report, added $42.8 billion to Bezos’s net worth, making his…
Curbs on Chinese Investment Finalized by Biden Admin
The Biden administration has finalized restrictions on US individuals’ investment in Chinese businesses. US individuals are now prohibited from investing in companies with advanced technology in China, including semiconductors, quantum computing, and artificial intelligence. The new rule, which came after a long deliberation of more than a year, banned investments in some Chinese companies while…
New Chairman at Helm: A New Direction for Disney
Disney has been having a tough time lately. Now, it is about to have its fourth board chair in the last three years as the company continues to navigate the challenges presented by the media industry. According to the company, chairman Mark Parker will step down by the end of 2024. Meanwhile, James Gorman, the…
Rising Housing Costs Problem For Both Parties in the USA
Americans have been facing high housing costs for the past few years, 2019, to be precise. However, this multiyear surge in home prices has hit the hardest in the swing states expected to determine the outcome of 2024. This is very odd, considering that swing state voters are generally considered the most important ones for…
Two Dozen Employees Get Fired From Meta, Here’s Why
In a wild turn of events, Meta, one of tech giants in the world, has fired around two dozen employees from its Los Angeles office for misusing company meal credits for personal things like buying laundry detergent, wine glasses, and acne treatment pads. Many of Meta’s corporate offices offer elaborate food services to its employees…