The Russian government declared on Friday that it would reduce its oil production by half a million barrels per day starting next month in response to the western nations’ imposition of a price cap on its crude oil due to its involvement…
PayPal Holdings reported its Q4 earnings after Thursday’s market close, with results that fell short of expectations. Although the company met earnings per share projections, it underperformed in terms of payment volume and user growth. The real news from PayPal’s earnings report…
Former US President Donald Trump recently stirred controversy by accusing Taiwan of usurping the United States’ dominance in the $500 billion semiconductor industry. In an interview with Bloomberg Businessweek, Trump reiterated his assertion that Taiwan had taken “almost 100%” of the industry…
Southwest Airlines has reported a significant decline in profits as the company takes critical steps to boost its revenue. Despite achieving record revenue in the second quarter, the airline’s profit has dropped by over 46%, prompting urgent measures to address the financial…
As companies continue to adopt remote work as a long-term solution, the demand for great remote workers has never been higher. However, searching, finding, and hiring these workers can be challenging. With so many job seekers vying for remote positions, it’s essential…
OpenAI has unveiled a new search engine, SearchGPT, which represents a significant threat to established tech giants like Google and Microsoft. Announced on Thursday, SearchGPT leverages OpenAI’s advanced artificial intelligence technology to deliver a search experience that integrates real-time web information with…
American Airlines has announced a significant reduction in its profit forecast for the year, citing a flawed sales strategy and an oversupplied market. The airline’s CEO, Robert Isom, has committed to ensuring capacity aligns with demand moving forward. Adjusted Profit Forecast and…
Electric vehicle (EV) giant Tesla is known for its innovative electric cars, and although it has a strong following who consider it a “technology company,” its recent financial reports suggest otherwise. According to Tesla’s most recent financial report, the company’s revenue in…
Elon Musk, the billionaire entrepreneur, stated during a video call at the World Government Summit in Dubai on Wednesday that he expects to find a CEO for Twitter by the end of the year. He emphasized the importance of stabilizing the organization…
Google’s recent Olympics advertisement has gone viral, but not for the reasons the tech giant might have hoped. The ad, which aired during the Olympics, showcased Google’s new AI tool, Gemini, and its ability to generate human-like text. However, the ad has…